Skip to content
Businessporting.com – A High DA, PA Guest Blogs Posting

Businessporting.com – A High DA, PA Guest Blogs Posting

  • Business
  • Education
  • Fashion
  • Automobile
  • Real estate
  • Relationship
  • Login
  • Register
  • Blog Post
  • Toggle search form

Elevator and Escalator Market Size, Growth, Global Forecast Report 2023-2028

Posted on October 26, 2023 By Editorial Team

How Big is The elevator and escalator market?

IMARC Group, a leading market research company, has recently releases report titled “Elevator and Escalator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global elevators and escalator market size reached US$ 145.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 203.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.60% during 2023-2028.

An elevator is a permanent lifting vehicle that moves vertically in a specially prepared shaft and transports people or goods between floors of a building. On the other hand, an escalator is a moving staircase consisting of a conveyor belt of steps that move up and down along tracks, allowing people to traverse between different building levels easily. Elevators and escalators are operated at controlled speeds suitable for human safety and comfort. They are equipped with safety mechanisms like emergency brakes, alarm buttons, and sensors. They are also designed with features to assist those with disabilities, such as Braille buttons in elevators. They are manual and automatic and are available in various designs and finishes to match building aesthetics. They enable quick and easy movement and facilitate access for individuals with disabilities and mobility issues. They utilize less space than traditional stairways, allowing for a more effective building design. They provide a convenient option for transporting heavy loads or large groups of people and minimize the physical exertion required to move between floors. They are widely used at railway stations and airports to support the swift transportation of passengers and their luggage.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/elevator-escalator-market/requestsample

Elevator And Escalator Market Trends and Drivers:

Rapid urbanization and the increasing construction activities of multi-story commercial and residential buildings represent one of the key factors catalyzing the demand for elevators and escalators to provide convenient vertical transportation. Modernization of airports and subway stations is resulting in the escalating demand for escalators and elevators for smooth passenger flow. Additionally, the growing aging population, which requires more accessible transit options within buildings, is positively influencing the market. Apart from this, there is a rise in green building practices, which is driving the demand for energy-efficient elevators and escalators across the globe. Furthermore, burgeoning tourism and the hotel industry are catalyzing the need for convenient vertical transport options, which is supporting market growth. Moreover, the increasing installation of escalators and elevators in hospitals and healthcare facilities to facilitate efficient vertical transportation for patients and staff is offering a favorable market outlook. Besides this, the integration of smart technologies like the Internet of Things (IoT) enhances functionality and efficiency, which is attracting new consumers. Furthermore, the expansion of educational campuses with multi-story buildings is boosting the demand for elevators and escalators. Moreover, the rising awareness of public safety in crowded areas is promoting the installation of escalators for controlled movement. Government of several countries are undertaking initiatives for affordable multi-story housing, which is catalyzing the demand for cost-effective elevators.

What is included in market segmentation?

The report has segmented the market into the following categories:

  • Canny Elevator Co. Ltd.
  • Electra Elevators.
  • Fujitec Co. Ltd.
  • Gulf Elevators & Escalators Co. Ltd.
  • Hitachi Ltd.
  • Hyundai Elevator Co. Ltd.
  • Johnson Lifts Private Limited
  • Kleemann Group
  • KONE Corporation
  • Mitsubishi Electric Corporation
  • Otis Elevator Company (I). Ltd (Otis Worldwide Corporation)
  • Schindler Holding Ltd.
  • Sigma Elevator Company and Toshiba Elevator and Building Systems Corporation (Toshiba Corporation).

The report has segmented the market on the basis of 

Breakup by Type:

  • Elevators
  • Escalators
  • Moving Walkways

Breakup by Service:

  • New Installation
  • Maintenance and Repair
  • Modernization

Breakup by End Use:

  • Residential
  • Commercial
    • Offices
    • Hospitality
    • Mixed Block
    • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/companyimarc-group/mycompany/

Business Tags:Elevator and Escalator Market

Post navigation

Previous Post: What Terminal Is Spirit Airlines At Newark Airport
Next Post: Logan Airport Drop-offs: A Step-by-Step Guide for First-Timers

More Related Articles

The Ultimate Handbook to Hiring a Reliable Plumber in Your Area Business
Global Sapphire Substrates Market Analysis and Forecast: Examining Growth Opportunities and Emerging Trends Business
Smart Bed Market Global Industry Analysis and Forecast 2023-2029 Business
Wave and Tidal Energy Market Share 2023, Rising Trends, Revenue, Growth Drivers, CAGR Status, Business Challenges, Future Opportunities and Forecast Analysis 2033: SPER Market Research Business
Hammer Mill Market Anticipated to Grow at 5.3% CAGR and Reach US$ 5,677.3 Million by 2033 Business
The Ultimate Guide to Lead Generation in 2023 Business

hd_simple_dark_8

Recent Posts

  • How Betinexchange Hooks Digital Sports Fans
  • How to Calculate Your EMI for a Two-Wheeler Loan
  • How GC Coupons Is Redefining E-Commerce Savings for the Modern Consumer
  • Goa’s CM said that Ola and Uber are not entering to state.
  • Exploring the World of Disney Paint by Number Kits: A Creative Journey for All Ages
  • Automobile
  • Business
  • Cleaning
  • Computer
  • Education
  • Fashion
  • Fruits
  • Game
  • General News
  • Health and Fitness
  • Home Decor
  • Lifestyle
  • Nutrition
  • Real estate
  • Relationship
  • Seafood
  • Social Media
  • Technology
  • Tour and Travel

Latest News

Tags

#fashion airlines Artificial Intelligence Automotive beauty boxes business clothing Custom Boxes and Packaging Custom Boxes with Logo Customize Boxes Custom Packaging Digital Marketing disease Education family tree maker 2019 family tree maker support Fitness flight Games gemstonejewelry google Health Health and fitness Healthcare Healthy Lifestyle law lawyer lifestyle marketing Market size Market Trends Men's Health Online Education Packaging RDP Singapore Skin care sports Sportsmatik Technology Tour and Travel translation Travel USA www.microsoft.com/link

Quick Links

Quick Link

  • Login
  • Register
  • Blog Post
  • Contact us
  • Privacy Policy

Category

  • Automobile
  • Business
  • Cleaning
  • Computer
  • Education
  • Fashion
  • Fruits
  • Game
  • General News
  • Health and Fitness
  • Home Decor
  • Lifestyle
  • Nutrition
  • Real estate
  • Relationship
  • Seafood
  • Social Media
  • Technology
  • Tour and Travel

Latest Post

  • How Betinexchange Hooks Digital Sports Fans
  • How to Calculate Your EMI for a Two-Wheeler Loan
  • How GC Coupons Is Redefining E-Commerce Savings for the Modern Consumer
  • Goa’s CM said that Ola and Uber are not entering to state.
  • Exploring the World of Disney Paint by Number Kits: A Creative Journey for All Ages

Tags

#fashion airlines Artificial Intelligence Automotive beauty boxes business clothing Custom Boxes and Packaging Custom Boxes with Logo Customize Boxes Custom Packaging Digital Marketing disease Education family tree maker 2019 family tree maker support Fitness flight Games gemstonejewelry google Health Health and fitness Healthcare Healthy Lifestyle law lawyer lifestyle marketing Market size Market Trends Men's Health Online Education Packaging RDP Singapore Skin care sports Sportsmatik Technology Tour and Travel translation Travel USA www.microsoft.com/link

Copyright © 2025 Businessporting.com – A High DA, PA Guest Blogs Posting.

Powered by PressBook Blog WordPress theme