Elevator Market By Product (Hydraulic & Pneumatic, Machine Room [MR] Traction, Machine Room-Less [MRL] Traction), By Industry (Building & Construction [Residential, Institutional, Commercial], Industrial); By Region (U.S., Canada, Mexico, Rest of North America, UK, France, Germany, Italy, Spain, Benelux Union, Nordic Countries , Rest of Europe, China, Japan, India, South Korea, Singapore, Philippines, Indonesia, Thailand, Malaysia, Vietnam, Rest of Southeast Asia, Brazil, Argentina Rest of Latin America, Saudi Arabia, UAE, Egypt, Kuwait, Southern Africa, Rest of Middle East & Africa) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2019 - 2027

Report ID :AMI-489 | Category : Manufacturing & Construction | Published Date : March, 2020 | Pages : 402 | Format :PDF

Industry Trends

Global Elevator Market was valued at US$ 9589.32 million in 2018 and is expected to reach US$ 13183.34 million by 2027, growing at an estimated CAGR of 3.6% over the forecast period.

Due to growing urbanization and significant increase in the general population, the global elevator market is expected to experience high growth during the forecast period. The elevators market features among the industries that have capitalized highly on the rapidly evolving technology field. The market is expected to drive ever increasing architectural and building activities. Elevators are widely used across multiple verticals such as industrial, residential, and commercial locations. In places like railway stations, residential complexes, hospitals, metro stations, malls, office buildings, schools, and airports, they are conventionally installed. It has become essential to install elevators in high and mid-rise buildings, thereby helping the market gain momentum in the construction sector.

Elevator systems include geared & gearless elevators, hydraulic elevators and machine room less elevators (MRLs) for computer rooms. The market is experiencing a major shift from traditional geared hydraulic lifts to the more recent technologically advanced MRL elevators, which facilitate space savings and are energy efficient. The essential prerequisite includes new equipment, modernization and maintenance. Gross Domestic Product (GDP) growth overall is a major driving force in the Elevator Market. Critical drivers in the maintenance segment are expected to be growing demand for safety, legislation and installed base.

The TWIN elevator system, progressively normal in Europe, is currently a developing pattern in the US. TWIN is a lift framework where two ordinary lifts are placed into a similar shaft and act autonomously of one another. A gadget that screens the separation between the two lifts shields them from impacting or knocking. Propelled by a German global combination with an attention on mechanical designing ThyssenKrupp, TWIN as of late turned out to be completely operational in Atlanta, GA, at the 21-story Coda building. Another 40 TWINs are made ready for 50 Hudson Yard in Manhattan, which will end up being the fourth biggest business working in New York City when it's finished in 2022.

High consumption of energy and power pose as a major challenge to the Elevator Market. Heavy investments are being made on R&D to find out ways for reducing the amount of energy consumption. The market is very receptive and susceptible to prevailing economic conditions. Being highly capital intensive, new entrants in the market have to deal with high initial investment, installation, and set up costs, which may pose a challenge to penetrate into the Elevator Market.

Product Type Insights

As increasingly more people born after world war arrive at retirement age, medicinal services for the older and debilitated are turning out to be an enormous business. Relatively few home arrangements have been accessible for the individuals who lose portability, however. For the most part, individuals on a limited spending plan are confined to a solitary floor of their home. For other people, a seat lift gives access to a home's subsequent floor. Notwithstanding high starting expenses, however, seat lifts hold different detriments. For instance, individuals who are confined to a wheelchair commonly need assistance moving from the wheelchair to the seat lift. Besides, when clients show up at the goal floor, they will require a subsequent wheelchair and help with moving from the seat lift to the wheelchair. Comparative difficulties anticipate the individuals who utilize a walker. The Vision 550 wheelchair-available home lift from Nationwide Lifts utilizes vacuum and gravity to move a lift taxi up to 35 ft. at velocities to 20 fpm inside a 53-in. tube. Its straightforward structure gives it clear points of interest over seat lifts and regular lifts.

The MRL lift disposes of the expense and ecological concerns related to a covered water powered chamber loaded up with pressure driven oil. Throughout the year’s water-driven lifts have gone under more noteworthy examination comparative with ecological worries because of the covered pressure driven chamber. Since the MRL lift is a footing lift with every one of its segments over the ground, this isn't a worry for this gear. The MRL lift uses a gearless footing type machine, which brings about predominant execution and ride quality contrasted and water-powered lifts. MRL's can likewise work at quicker speeds hence expanding the view of value over an ordinary pressure driven lift.

Industry Insights

All in all, it isn't fitting to utilize lifts when there is a fire in the structure in light of the fact that there is the risk of individuals being caught in a lift that has become immobilized because of the fire. Be that as it may, in certain conditions, a lift might be given as a component of an administration plan for clearing individuals. In such cases, the lift establishment may be properly sited and secured and may need to contain various wellbeing highlights that are expected to guarantee that the lift stays usable for departure purposes during the fire. A lift intended to have extra insurance, with controls that empower it to be utilized under the immediate control of the fire and salvage administration in battling a fire... A firefighting lift is required if the structure has a story more than 18m above, or more than 10m beneath fire administration vehicle get to level. Firefighting lifts have quite certain security prerequisites and the nearness of firefighting controls inside a lift doesn't really imply that it is a firefighting lift.

Basic applications for development lifts to be utilized incorporate new tall structures, building remodels, connect development, turnaround tasks, and shipyard development ventures. You can discover our items in a few enterprises the world over because of our high calibre, and brilliant on location execution. GEDA's German Engineered and made development lifts are ASME and OSHA Compliant and set the business standard for safe, and dependable vertical transportation on business development and mechanical places of work. GEDA USA gives transitory development lifts and lifts that permit general temporary workers to expand efficiency and improve security hands-on location. Our development lifts furnish labourers with a smooth, and quick ride up to the worksite as opposed to making a tedious trip on different occasions day by day. This efficient procedure makes less "mileage" on faculty, which thusly expands profitability, lessens the danger of on-location mishaps and uplifts labourer resolve.

Region Insights

Rapid urbanization took shape as a universal trend and enveloped the Asia Pacific region in particular. Countries in Asia Pacific such as China, India and Japan exhibit a very high population density, as a result of which these countries are perceived to have significant potential for growth in living standards. In addition, the region is projected to see a significant rise in the construction sector, which can be attributed to rising private and public infrastructural development projects. A competitive climate conducive to market growth has been formed through joint ventures of domestic companies and international participants, thereby, fuelling the global elevator market.

Other than development for the large players, the new guidelines, some portion of the Law on Safety of Special Equipment, which became effective on January 1, 2014, likewise guarantee to improve wellbeing in China, which has seen a lot of horrendous mishaps in the course of recent years. The new law considers property chiefs answerable for observing and fixing lift issues. Going ahead, property supervisors are bound to go to the OEMs or their backups for this work, instead of going with less expensive choices that could bring about legitimate punishments or, surprisingly more terrible, mishaps.

Elevator Market Revenue & Forecast, (US$ Million), 2015 – 2027

Competitive Landscape

The report provides both, qualitative and quantitative research of the elevator market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.

Most domestic and international vendors aim to gain market share while establishing a competitive market environment. Market players in the elevator market have become more aware of improving and enhancing their products. Safety is considered a top priority, as several mishaps have occurred due to malfunctioning of escalators and elevators, in particular elevators. Fatalities can significantly dent the image of a brand, as a result of which manufacturers of escalators and elevators adhere to stringent quality controls under several conditions before releasing their products commercially. The key participants include Canny Elevators, Fujitec Co. Ltd, HYUNDAIELEVATOR CO., LTD., Johnson Lifts, Kleenmann Group, KONE Corporation, Hitachi Lift Pvt. Ltd., Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Limited, Sigma Elevator Company, ThyssenKrupp Elevator AG, and Toshiba Corporation.

Click on image to enlarge

Elevator Market:

By Product Type
- Hydraulic & Pneumatic
- Machine Room [MR] Traction
- Machine Room-Less [MRL] Traction
By Industry
- Building & Construction
  - Residential
  - Institutional
  - Commercial
- Industrial
By Geography
- North America
  - US
  - Canada
  - Mexico
- Europe
  - France
  - The UK
  - Spain
  - Germany
  - Italy
  - Nordic Countries
    - Denmark
    - Finland
    - Iceland
    - Sweden
    - Norway
  - Benelux Union
    - Belgium
    - The Netherlands
    - Luxembourg
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - New Zealand
  - Australia
  - South Korea
  - Southeast Asia
    - Indonesia
    - Thailand
    - Malaysia
    - Singapore
    - Rest of Southeast Asia
  - Rest of Asia Pacific
- Middle East and Africa
  - Saudi Arabia
  - UAE
  - Egypt
  - Kuwait
  - South Africa
  - Rest of Middle East & Africa
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America

Table of Contents

1. Market Scope

1.1. Market Segmentation

1.2. Years Considered

1.2.1. Historic Years: 2013 - 2017

1.2.2. Base Year: 2018

1.2.3. Forecast Years: 2019 – 2027

2. Key Target Audiences

3. Research Methodology

3.1. Primary Research

3.1.1. Research Questionnaire

3.1.2. Global Percentage Breakdown

3.1.3. Primary Interviews: Key Opinion Leaders (KOLs)

3.2. Secondary Research

3.2.1. Paid Databases

3.2.2. Secondary Sources

3.3. Market Size Estimates

3.3.1. Top-Down Approach

3.3.2. Bottom-Up Approach

3.4. Data Triangulation Methodology

3.5. Research Assumptions

4. Recommendations and Insights from AMI’s Perspective**

5. Holistic Overview of Elevator Market

6. Market Synopsis: Elevator Market

7. Elevator Market Analysis: Qualitative Perspective

7.1. Introduction

7.1.1. Product Definition

7.1.2. Industry Development

7.2. Market Dynamics

7.2.1. Drivers

7.2.2. Restraints

7.2.3. Opportunities

7.3. Trends in Elevator Market

7.4. Market Determinants Radar Chart

7.5. Macro-Economic and Micro-Economic Indicators: Elevator Market

7.6. Porter’s Five Force Analysis

8. Global Elevator Market Analysis and Forecasts, 2019 – 2027

8.1. Overview

8.1.1. Global Elevator Market Revenue (US$ Mn)

8.2. Global Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

8.2.1. Hydraulic and Pneumatic

8.2.1.1. Definition

8.2.1.2. Market Estimation and Penetration, 2013 – 2018

8.2.1.3. Market Forecast, 2019 – 2027

8.2.1.4. Compound Annual Growth Rate (CAGR)

8.2.1.5. Regional Bifurcation

8.2.1.5.1. North America

8.2.1.5.1.1. Market Estimation, 2013 – 2018

8.2.1.5.1.2. Market Forecast, 2019 – 2027

8.2.1.5.2. Europe

8.2.1.5.2.1. Market Estimation, 2013 – 2018

8.2.1.5.2.2. Market Forecast, 2019 – 2027

8.2.1.5.3. Asia Pacific

8.2.1.5.3.1. Market Estimation, 2013 – 2018

8.2.1.5.3.2. Market Forecast, 2019 – 2027

8.2.1.5.4. Middle East and Africa

8.2.1.5.4.1. Market Estimation, 2013 – 2018

8.2.1.5.4.2. Market Forecast, 2019 – 2027

8.2.1.5.5. Latin America

8.2.1.5.5.1. Market Estimation, 2013 – 2018

8.2.1.5.5.2. Market Forecast, 2019 – 2027

8.2.2. Machine Room [MR] Traction

8.2.2.1. Definition

8.2.2.2. Market Estimation and Penetration, 2013 – 2018

8.2.2.3. Market Forecast, 2019 – 2027

8.2.2.4. Compound Annual Growth Rate (CAGR)

8.2.2.5. Regional Bifurcation

8.2.2.5.1. North America

8.2.2.5.1.1. Market Estimation, 2013 – 2018

8.2.2.5.1.2. Market Forecast, 2019 – 2027

8.2.2.5.2. Europe

8.2.2.5.2.1. Market Estimation, 2013 – 2018

8.2.2.5.2.2. Market Forecast, 2019 – 2027

8.2.2.5.3. Asia Pacific

8.2.2.5.3.1. Market Estimation, 2013 – 2018

8.2.2.5.3.2. Market Forecast, 2019 – 2027

8.2.2.5.4. Middle East and Africa

8.2.2.5.4.1. Market Estimation, 2013 – 2018

8.2.2.5.4.2. Market Forecast, 2019 – 2027

8.2.2.5.5. Latin America

8.2.2.5.5.1. Market Estimation, 2013 – 2018

8.2.2.5.5.2. Market Forecast, 2019 – 2027

8.2.3. Machine Room-Less [MRL] Traction

8.2.3.1. Definition

8.2.3.2. Market Estimation and Penetration, 2013 – 2018

8.2.3.3. Market Forecast, 2019 – 2027

8.2.3.4. Compound Annual Growth Rate (CAGR)

8.2.3.5. Regional Bifurcation

8.2.3.5.1. North America

8.2.3.5.1.1. Market Estimation, 2013 – 2018

8.2.3.5.1.2. Market Forecast, 2019 – 2027

8.2.3.5.2. Europe

8.2.3.5.2.1. Market Estimation, 2013 – 2018

8.2.3.5.2.2. Market Forecast, 2019 – 2027

8.2.3.5.3. Asia Pacific

8.2.3.5.3.1. Market Estimation, 2013 – 2018

8.2.3.5.3.2. Market Forecast, 2019 – 2027

8.2.3.5.4. Middle East and Africa

8.2.3.5.4.1. Market Estimation, 2013 – 2018

8.2.3.5.4.2. Market Forecast, 2019 – 2027

8.2.3.5.5. Latin America

8.2.3.5.5.1. Market Estimation, 2013 – 2018

8.2.3.5.5.2. Market Forecast, 2019 – 2027

8.3. Key Segment for Channeling Investments

8.3.1. By Product Type

9. Global Elevator Market Analysis and Forecasts, 2019 – 2027

9.1. Overview

9.2. Global Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

9.2.1. Building and Construction (Definition, Market Estimation and Penetration, 2013 – 2018, Market Estimation (2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR), Regional Bifurcation (North America, Europe, Asia Pacific, Middle East and Africa, Latin America) and Information on Residential, Institutional, Commercial)

9.2.1.1. Residential

9.2.1.2. Institutional

9.2.1.3. Commercial

9.2.2. Industrial

9.2.2.1. Definition

9.2.2.2. Market Estimation and Penetration, 2013 – 2018

9.2.2.3. Market Forecast, 2019 – 2027

9.2.2.4. Compound Annual Growth Rate (CAGR)

9.2.2.5. Regional Bifurcation

9.2.2.5.1. North America

9.2.2.5.1.1. Market Estimation, 2013 – 2018

9.2.2.5.1.2. Market Forecast, 2019 – 2027

9.2.2.5.2. Europe

9.2.2.5.2.1. Market Estimation, 2013 – 2018

9.2.2.5.2.2. Market Forecast, 2019 – 2027

9.2.2.5.3. Asia Pacific

9.2.2.5.3.1. Market Estimation, 2013 – 2018

9.2.2.5.3.2. Market Forecast, 2019 – 2027

9.2.2.5.4. Middle East and Africa

9.2.2.5.4.1. Market Estimation, 2013 – 2018

9.2.2.5.4.2. Market Forecast, 2019 – 2027

9.2.2.5.5. Latin America

9.2.2.5.5.1. Market Estimation, 2013 – 2018

9.2.2.5.5.2. Market Forecast, 2019 – 2027

9.3. Key Segment for Channeling Investments

9.3.1. By Industry

10. North America Elevator Market Analysis and Forecasts, 2019 - 2027

10.1. Overview

10.1.1. North America Elevator Market Revenue (US$ Mn)

10.2. North America Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

10.2.1. Hydraulic and Pneumatic

10.2.2. Machine Room [MR] Traction

10.2.3. Machine Room-Less [MRL] Traction

10.3. North America Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

10.3.1. Building and Construction

10.3.1.1. Residential

10.3.1.2. Institutional

10.3.1.3. Commercial

10.3.2. Industrial

10.4. North America Elevator Market Revenue (US$ Mn) and Forecasts, By Country

10.4.1. U.S

10.4.1.1. U.S Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.1.1.1. Hydraulic and Pneumatic

10.4.1.1.2. Machine Room [MR] Traction

10.4.1.1.3. Machine Room-Less [MRL] Traction

10.4.1.2. U.S Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

10.4.1.2.1. Building and Construction

10.4.1.2.1.1. Residential

10.4.1.2.1.2. Institutional

10.4.1.2.1.3. Commercial

10.4.1.2.2. Industrial

10.4.2. Canada

10.4.2.1. Canada Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.2.1.1. Hydraulic and Pneumatic

10.4.2.1.2. Machine Room [MR] Traction

10.4.2.1.3. Machine Room-Less [MRL] Traction

10.4.2.2. Canada Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

10.4.2.2.1. Building and Construction

10.4.2.2.1.1. Residential

10.4.2.2.1.2. Institutional

10.4.2.2.1.3. Commercial

10.4.2.2.2. Industrial

10.4.3. Mexico

10.4.3.1. Mexico Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.3.1.1. Hydraulic and Pneumatic

10.4.3.1.2. Machine Room [MR] Traction

10.4.3.1.3. Machine Room-Less [MRL] Traction

10.4.3.2. Mexico Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

10.4.3.2.1. Building and Construction

10.4.3.2.1.1. Residential

10.4.3.2.1.2. Institutional

10.4.3.2.1.3. Commercial

10.4.3.2.2. Industrial

10.4.4. Rest of North America

10.4.4.1. Rest of North America Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.4.1.1. Hydraulic and Pneumatic

10.4.4.1.2. Machine Room [MR] Traction

10.4.4.1.3. Machine Room-Less [MRL] Traction

10.4.4.2. Rest of North America Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

10.4.4.2.1. Building and Construction

10.4.4.2.1.1. Residential

10.4.4.2.1.2. Institutional

10.4.4.2.1.3. Commercial

10.4.4.2.2. Industrial

10.5. Key Segment for Channeling Investments

10.5.1. By Country

10.5.2. By Product Type

10.5.3. By Industry

11. Europe Elevator Market Analysis and Forecasts, 2019 - 2027

11.1. Overview

11.1.1. Europe Elevator Market Revenue (US$ Mn)

11.2. Europe Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.2.1. Hydraulic and Pneumatic

11.2.2. Machine Room [MR] Traction

11.2.3. Machine Room-Less [MRL] Traction

11.3. Europe Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.3.1. Building and Construction

11.3.1.1. Residential

11.3.1.2. Institutional

11.3.1.3. Commercial

11.3.2. Industrial

11.4. Europe Elevator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.1. France

11.4.1.1. France Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.1.1.1. Hydraulic and Pneumatic

11.4.1.1.2. Machine Room [MR] Traction

11.4.1.1.3. Machine Room-Less [MRL] Traction

11.4.1.2. France Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.1.2.1. Building and Construction

11.4.1.2.1.1. Residential

11.4.1.2.1.2. Institutional

11.4.1.2.1.3. Commercial

11.4.1.2.2. Industrial

11.4.2. The UK

11.4.2.1. The UK Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.2.1.1. Hydraulic and Pneumatic

11.4.2.1.2. Machine Room [MR] Traction

11.4.2.1.3. Machine Room-Less [MRL] Traction

11.4.2.2. The UK Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.2.2.1. Building and Construction

11.4.2.2.1.1. Residential

11.4.2.2.1.2. Institutional

11.4.2.2.1.3. Commercial

11.4.2.2.2. Industrial

11.4.3. Spain

11.4.3.1. Spain Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.3.1.1. Hydraulic and Pneumatic

11.4.3.1.2. Machine Room [MR] Traction

11.4.3.1.3. Machine Room-Less [MRL] Traction

11.4.3.2. Spain Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.3.2.1. Building and Construction

11.4.3.2.1.1. Residential

11.4.3.2.1.2. Institutional

11.4.3.2.1.3. Commercial

11.4.3.2.2. Industrial

11.4.4. Germany

11.4.4.1. Germany Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.4.1.1. Hydraulic and Pneumatic

11.4.4.1.2. Machine Room [MR] Traction

11.4.4.1.3. Machine Room-Less [MRL] Traction

11.4.4.2. Germany Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.4.2.1. Building and Construction

11.4.4.2.1.1. Residential

11.4.4.2.1.2. Institutional

11.4.4.2.1.3. Commercial

11.4.4.2.2. Industrial

11.4.5. Italy

11.4.5.1. Italy Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.5.1.1. Hydraulic and Pneumatic

11.4.5.1.2. Machine Room [MR] Traction

11.4.5.1.3. Machine Room-Less [MRL] Traction

11.4.5.2. Italy Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.5.2.1. Building and Construction

11.4.5.2.1.1. Residential

11.4.5.2.1.2. Institutional

11.4.5.2.1.3. Commercial

11.4.5.2.2. Industrial

11.4.6. Nordic Countries

11.4.6.1. Nordic Countries Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.6.1.1. Hydraulic and Pneumatic

11.4.6.1.2. Machine Room [MR] Traction

11.4.6.1.3. Machine Room-Less [MRL] Traction

11.4.6.2. Nordic Countries Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.6.2.1. Building and Construction

11.4.6.2.1.1. Residential

11.4.6.2.1.2. Institutional

11.4.6.2.1.3. Commercial

11.4.6.2.2. Industrial

11.4.6.3. Nordic Countries Elevator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.6.3.1. Denmark

11.4.6.3.2. Finland

11.4.6.3.3. Iceland

11.4.6.3.4. Sweden

11.4.6.3.5. Norway

11.4.7. Benelux Union

11.4.7.1. Benelux Union Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.7.1.1. Hydraulic and Pneumatic

11.4.7.1.2. Machine Room [MR] Traction

11.4.7.1.3. Machine Room-Less [MRL] Traction

11.4.7.2. Benelux Union Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.7.2.1. Building and Construction

11.4.7.2.1.1. Residential

11.4.7.2.1.2. Institutional

11.4.7.2.1.3. Commercial

11.4.7.2.2. Industrial

11.4.7.3. Benelux Union Elevator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.7.3.1. Belgium

11.4.7.3.2. The Netherlands

11.4.7.3.3. Luxembourg

11.4.8. Rest of Europe

11.4.8.1. Rest of Europe Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.8.1.1. Hydraulic and Pneumatic

11.4.8.1.2. Machine Room [MR] Traction

11.4.8.1.3. Machine Room-Less [MRL] Traction

11.4.8.2. Rest of Europe Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

11.4.8.2.1. Building and Construction

11.4.8.2.1.1. Residential

11.4.8.2.1.2. Institutional

11.4.8.2.1.3. Commercial

11.4.8.2.2. Industrial

11.5. Key Segment for Channeling Investments

11.5.1. By Country

11.5.2. By Product Type

11.5.3. By Industry

12. Asia Pacific Elevator Market Analysis and Forecasts, 2019 - 2027

12.1. Overview

12.1.1. Asia Pacific Elevator Market Revenue (US$ Mn)

12.2. Asia Pacific Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.2.1. Hydraulic and Pneumatic

12.2.2. Machine Room [MR] Traction

12.2.3. Machine Room-Less [MRL] Traction

12.3. Asia Pacific Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.3.1. Building and Construction

12.3.1.1. Residential

12.3.1.2. Institutional

12.3.1.3. Commercial

12.3.2. Industrial

12.4. Asia Pacific Elevator Market Revenue (US$ Mn) and Forecasts, By Country

12.4.1. China

12.4.1.1. China Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.1.1.1. Hydraulic and Pneumatic

12.4.1.1.2. Machine Room [MR] Traction

12.4.1.1.3. Machine Room-Less [MRL] Traction

12.4.1.2. China Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.1.2.1. Building and Construction

12.4.1.2.1.1. Residential

12.4.1.2.1.2. Institutional

12.4.1.2.1.3. Commercial

12.4.1.2.2. Industrial

12.4.2. Japan

12.4.2.1. Japan Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.2.1.1. Hydraulic and Pneumatic

12.4.2.1.2. Machine Room [MR] Traction

12.4.2.1.3. Machine Room-Less [MRL] Traction

12.4.2.2. Japan Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.2.2.1. Building and Construction

12.4.2.2.1.1. Residential

12.4.2.2.1.2. Institutional

12.4.2.2.1.3. Commercial

12.4.2.2.2. Industrial

12.4.3. India

12.4.3.1. India Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.3.1.1. Hydraulic and Pneumatic

12.4.3.1.2. Machine Room [MR] Traction

12.4.3.1.3. Machine Room-Less [MRL] Traction

12.4.3.2. India Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.3.2.1. Building and Construction

12.4.3.2.1.1. Residential

12.4.3.2.1.2. Institutional

12.4.3.2.1.3. Commercial

12.4.3.2.2. Industrial

12.4.4. New Zealand

12.4.4.1. New Zealand Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.4.1.1. Hydraulic and Pneumatic

12.4.4.1.2. Machine Room [MR] Traction

12.4.4.1.3. Machine Room-Less [MRL] Traction

12.4.4.2. New Zealand Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.4.2.1. Building and Construction

12.4.4.2.1.1. Residential

12.4.4.2.1.2. Institutional

12.4.4.2.1.3. Commercial

12.4.4.2.2. Industrial

12.4.5. Australia

12.4.5.1. Australia Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.5.1.1. Hydraulic and Pneumatic

12.4.5.1.2. Machine Room [MR] Traction

12.4.5.1.3. Machine Room-Less [MRL] Traction

12.4.5.2. Australia Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.5.2.1. Building and Construction

12.4.5.2.1.1. Residential

12.4.5.2.1.2. Institutional

12.4.5.2.1.3. Commercial

12.4.5.2.2. Industrial

12.4.6. South Korea

12.4.6.1. South Korea Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.6.1.1. Hydraulic and Pneumatic

12.4.6.1.2. Machine Room [MR] Traction

12.4.6.1.3. Machine Room-Less [MRL] Traction

12.4.6.2. South Korea Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.6.2.1. Building and Construction

12.4.6.2.1.1. Residential

12.4.6.2.1.2. Institutional

12.4.6.2.1.3. Commercial

12.4.6.2.2. Industrial

12.4.7. Southeast Asia

12.4.7.1. Southeast Asia Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.7.1.1. Hydraulic and Pneumatic

12.4.7.1.2. Machine Room [MR] Traction

12.4.7.1.3. Machine Room-Less [MRL] Traction

12.4.7.2. Southeast Asia Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.7.2.1. Building and Construction

12.4.7.2.1.1. Residential

12.4.7.2.1.2. Institutional

12.4.7.2.1.3. Commercial

12.4.7.2.2. Industrial

12.4.7.3. Southeast Asia Elevator Market Revenue (US$ Mn) and Forecasts, By Country

12.4.7.3.1. Indonesia

12.4.7.3.2. Thailand

12.4.7.3.3. Malaysia

12.4.7.3.4. Singapore

12.4.7.3.5. Rest of Southeast Asia

12.4.8. Rest of Asia Pacific

12.4.8.1. Rest of Asia Pacific Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

12.4.8.1.1. Hydraulic and Pneumatic

12.4.8.1.2. Machine Room [MR] Traction

12.4.8.1.3. Machine Room-Less [MRL] Traction

12.4.8.2. Rest of Asia Pacific Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

12.4.8.2.1. Building and Construction

12.4.8.2.1.1. Residential

12.4.8.2.1.2. Institutional

12.4.8.2.1.3. Commercial

12.4.8.2.2. Industrial

12.5. Key Segment for Channeling Investments

12.5.1. By Country

12.5.2. By Product Type

12.5.3. By Industry

13. Middle East and Africa Elevator Market Analysis and Forecasts, 2019 - 2027

13.1. Overview

13.1.1. Middle East and Africa Elevator Market Revenue (US$ Mn)

13.2. Middle East and Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.2.1. Hydraulic and Pneumatic

13.2.2. Machine Room [MR] Traction

13.2.3. Machine Room-Less [MRL] Traction

13.3. Middle East and Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.3.1. Building and Construction

13.3.1.1. Residential

13.3.1.2. Institutional

13.3.1.3. Commercial

13.3.2. Industrial

13.4. Middle East and Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Country

13.4.1. Saudi Arabia

13.4.1.1. Saudi Arabia Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.1.1.1. Hydraulic and Pneumatic

13.4.1.1.2. Machine Room [MR] Traction

13.4.1.1.3. Machine Room-Less [MRL] Traction

13.4.1.2. Saudi Arabia Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.1.2.1. Building and Construction

13.4.1.2.1.1. Residential

13.4.1.2.1.2. Institutional

13.4.1.2.1.3. Commercial

13.4.1.2.2. Industrial

13.4.2. UAE

13.4.2.1. UAE Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.2.1.1. Hydraulic and Pneumatic

13.4.2.1.2. Machine Room [MR] Traction

13.4.2.1.3. Machine Room-Less [MRL] Traction

13.4.2.2. UAE Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.2.2.1. Building and Construction

13.4.2.2.1.1. Residential

13.4.2.2.1.2. Institutional

13.4.2.2.1.3. Commercial

13.4.2.2.2. Industrial

13.4.3. Egypt

13.4.3.1. Egypt Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.3.1.1. Hydraulic and Pneumatic

13.4.3.1.2. Machine Room [MR] Traction

13.4.3.1.3. Machine Room-Less [MRL] Traction

13.4.3.2. Egypt Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.3.2.1. Building and Construction

13.4.3.2.1.1. Residential

13.4.3.2.1.2. Institutional

13.4.3.2.1.3. Commercial

13.4.3.2.2. Industrial

13.4.4. Kuwait

13.4.4.1. Kuwait Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.4.1.1. Hydraulic and Pneumatic

13.4.4.1.2. Machine Room [MR] Traction

13.4.4.1.3. Machine Room-Less [MRL] Traction

13.4.4.2. Kuwait Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.4.2.1. Building and Construction

13.4.4.2.1.1. Residential

13.4.4.2.1.2. Institutional

13.4.4.2.1.3. Commercial

13.4.4.2.2. Industrial

13.4.5. South Africa

13.4.5.1. South Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.5.1.1. Hydraulic and Pneumatic

13.4.5.1.2. Machine Room [MR] Traction

13.4.5.1.3. Machine Room-Less [MRL] Traction

13.4.5.2. South Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.5.2.1. Building and Construction

13.4.5.2.1.1. Residential

13.4.5.2.1.2. Institutional

13.4.5.2.1.3. Commercial

13.4.5.2.2. Industrial

13.4.6. Rest of Middle East & Africa

13.4.6.1. Rest of Middle East & Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

13.4.6.1.1. Hydraulic and Pneumatic

13.4.6.1.2. Machine Room [MR] Traction

13.4.6.1.3. Machine Room-Less [MRL] Traction

13.4.6.2. Rest of Middle East & Africa Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

13.4.6.2.1. Building and Construction

13.4.6.2.1.1. Residential

13.4.6.2.1.2. Institutional

13.4.6.2.1.3. Commercial

13.4.6.2.2. Industrial

13.5. Key Segment for Channeling Investments

13.5.1. By Country

13.5.2. By Product Type

13.5.3. By Industry

14. Latin America Elevator Market Analysis and Forecasts, 2019 - 2027

14.1. Overview

14.1.1. Latin America Elevator Market Revenue (US$ Mn)

14.2. Latin America Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

14.2.1. Hydraulic and Pneumatic

14.2.2. Machine Room [MR] Traction

14.2.3. Machine Room-Less [MRL] Traction

14.3. Latin America Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

14.3.1. Building and Construction

14.3.1.1. Residential

14.3.1.2. Institutional

14.3.1.3. Commercial

14.3.2. Industrial

14.4. Latin America Elevator Market Revenue (US$ Mn) and Forecasts, By Country

14.4.1. Brazil

14.4.1.1. Brazil Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

14.4.1.1.1. Hydraulic and Pneumatic

14.4.1.1.2. Machine Room [MR] Traction

14.4.1.1.3. Machine Room-Less [MRL] Traction

14.4.1.2. Brazil Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

14.4.1.2.1. Building and Construction

14.4.1.2.1.1. Residential

14.4.1.2.1.2. Institutional

14.4.1.2.1.3. Commercial

14.4.1.2.2. Industrial

14.4.2. Argentina

14.4.2.1. Argentina Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

14.4.2.1.1. Hydraulic and Pneumatic

14.4.2.1.2. Machine Room [MR] Traction

14.4.2.1.3. Machine Room-Less [MRL] Traction

14.4.2.2. Argentina Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

14.4.2.2.1. Building and Construction

14.4.2.2.1.1. Residential

14.4.2.2.1.2. Institutional

14.4.2.2.1.3. Commercial

14.4.2.2.2. Industrial

14.4.3. Rest of Latin America

14.4.3.1. Rest of Latin America Elevator Market Revenue (US$ Mn) and Forecasts, By Product Type

14.4.3.1.1. Hydraulic and Pneumatic

14.4.3.1.2. Machine Room [MR] Traction

14.4.3.1.3. Machine Room-Less [MRL] Traction

14.4.3.2. Rest of Latin America Elevator Market Revenue (US$ Mn) and Forecasts, By Industry

14.4.3.2.1. Building and Construction

14.4.3.2.1.1. Residential

14.4.3.2.1.2. Institutional

14.4.3.2.1.3. Commercial

14.4.3.2.2. Industrial

14.5. Key Segment for Channeling Investments

14.5.1. By Country

14.5.2. By Product Type

14.5.3. By Industry

15. Competitive Benchmarking

15.1. Market Share Analysis, 2018

15.2. Global Presence and Growth Strategies

15.2.1. Mergers and Acquisitions

15.2.2. Product Launches

15.2.3. Investments Trends

15.2.4. R&D Initiatives

16. Player Profiles

16.1. Canny Elevators

16.1.1. Company Details

16.1.2. Company Overview

16.1.3. Product Offerings

16.1.4. Key Developments

16.1.5. Financial Analysis

16.1.6. SWOT Analysis

16.1.7. Business Strategies

16.2. Fujitec Co. Ltd

16.2.1. Company Details

16.2.2. Company Overview

16.2.3. Product Offerings

16.2.4. Key Developments

16.2.5. Financial Analysis

16.2.6. SWOT Analysis

16.2.7. Business Strategies

16.3. Hitachi Lift Pvt. Ltd.

16.3.1. Company Details

16.3.2. Company Overview

16.3.3. Product Offerings

16.3.4. Key Developments

16.3.5. Financial Analysis

16.3.6. SWOT Analysis

16.3.7. Business Strategies

16.4. HYUNDAI ELEVATOR CO., LTD.

16.4.1. Company Details

16.4.2. Company Overview

16.4.3. Product Offerings

16.4.4. Key Developments

16.4.5. Financial Analysis

16.4.6. SWOT Analysis

16.4.7. Business Strategies

16.5. Johnson Lifts

16.5.1. Company Details

16.5.2. Company Overview

16.5.3. Product Offerings

16.5.4. Key Developments

16.5.5. Financial Analysis

16.5.6. SWOT Analysis

16.5.7. Business Strategies

16.6. Kleenmann Group

16.6.1. Company Details

16.6.2. Company Overview

16.6.3. Product Offerings

16.6.4. Key Developments

16.6.5. Financial Analysis

16.6.6. SWOT Analysis

16.6.7. Business Strategies

16.7. KONE Corporation

16.7.1. Company Details

16.7.2. Company Overview

16.7.3. Product Offerings

16.7.4. Key Developments

16.7.5. Financial Analysis

16.7.6. SWOT Analysis

16.7.7. Business Strategies

16.8. Mitsubishi Electric Corporation

16.8.1. Company Details

16.8.2. Company Overview

16.8.3. Product Offerings

16.8.4. Key Developments

16.8.5. Financial Analysis

16.8.6. SWOT Analysis

16.8.7. Business Strategies

16.9. Otis Elevator Company

16.9.1. Company Details

16.9.2. Company Overview

16.9.3. Product Offerings

16.9.4. Key Developments

16.9.5. Financial Analysis

16.9.6. SWOT Analysis

16.9.7. Business Strategies

16.10. Schindler Holding Limited

16.10.1. Company Details

16.10.2. Company Overview

16.10.3. Product Offerings

16.10.4. Key Developments

16.10.5. Financial Analysis

16.10.6. SWOT Analysis

16.10.7. Business Strategies

16.11. Sigma Elevator Company

16.11.1. Company Details

16.11.2. Company Overview

16.11.3. Product Offerings

16.11.4. Key Developments

16.11.5. Financial Analysis

16.11.6. SWOT Analysis

16.11.7. Business Strategies

16.12. ThyssenKrupp Elevator AG

16.12.1. Company Details

16.12.2. Company Overview

16.12.3. Product Offerings

16.12.4. Key Developments

16.12.5. Financial Analysis

16.12.6. SWOT Analysis

16.12.7. Business Strategies

16.13. Toshiba Corporation

16.13.1. Company Details

16.13.2. Company Overview

16.13.3. Product Offerings

16.13.4. Key Developments

16.13.5. Financial Analysis

16.13.6. SWOT Analysis

16.13.7. Business Strategies

16.14. Other Market Participants

17. Key Findings

Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.

**Exclusive for Multi-User and Enterprise User.

At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.

Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.

Prominent participants in our primary research process include:

Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
Research and development participants, distributors/suppliers and subject matter experts

Secondary Research includes data extracted from paid data sources: