Global Elevator and Escalator Growth Opportunities

Global Elevator and Escalator Growth Opportunities

Increasing Digitalization Bolstering Transformational Growth of the Industry in the Post-Pandemic Era

RELEASE DATE
24-Jun-2022
REGION
North America
Research Code: PD23-01-00-00-00
SKU: EN01327-NA-MT_26665
$4,950.00
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$4,950.00
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Description

After a highly challenging pandemic-filled 2020, the elevator and escalator market recovered in 2021 to register a global growth of 5.7% in revenues. While activity in the early part of 2021 were somewhat hampered by the pandemic, the later part of the year recovered well to post much higher growth than 2020. The recovery speed varied with the region, but all regions witnessed overall growth in terms of both units and revenue. Asia-Pacific led the recovery, with China as prime contributor. EMEA and Americas recovered well after a dismal 2020. Though 2021 saw significant growth, 2022 is likely to be weighed down by the property market slowdown in China. However, with assistance from the Chinese government to address the meltdown in the property space and general economy, the global E&E market will gather steam back in 2023 and continue growing at a CAGR of 3.6% between 2021 and 2026. Some of the key drivers for this growth are fast increasing urbanization rates especially in Asia-Pacific, growing investments in infrastructure (to boost economic development), and steady growth of the maintenance segment. This research service covers all types of elevators: machine-room (MR)/machine-room-less (MRL) and passenger, service), escalators, and moving walkways and includes revenue for elevators and escalators from new installations and service (maintenance and modernization) business segments. The report is further analyzed geographically for regions including Americas (North America and South America), Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC). The base year is 2021, and market numbers are forecast until 2026.

Author: Viswesh Vancheeshwar

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Elevator and Escalator (E&E) Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Geographic Segmentation

Segmentation

Segmentation (continued)

Key Competitors

Growth Metrics

Distribution Channels

Growth Drivers

Growth Restraints

Forecast Assumption

Revenue Forecast

Revenue Forecast Analysis

Unit Forecast by Business Segment

Revenue Forecast by Business Segment

Revenue and Unit Forecast Analysis by Business Segment

Revenue Forecast by Region

New Installation Unit Shipment Forecast by Region

Service Unit Forecast by Region

Revenue and Unit Forecast Analysis by Region

Post-COVID-19 Trends for the E&E Market

Pricing Trends and Forecast Analysis

Purchasing Trends

Purchasing Trends (continued)

Sustainability Trends

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Segment

Unit Forecast by Business Segment

Revenue Forecast and Unit Analysis

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Segment

Unit Forecast by Business Segment

Revenue Forecast Analysis

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Segment

Unit Forecast by Business Segment

Revenue and Unit Forecast Analysis

Revenue Share

Revenue Share Analysis

Growth Opportunity 1—Technology Adoption for Increased Capabilities

Growth Opportunity 1—Technology Adoption for Increased Capabilities (continued)

Growth Opportunity 2—Sustainability for New Value Creation

Growth Opportunity 2—Sustainability for New Value Creation (continued)

Growth Opportunity 3—Partnerships/M&A for Higher Market Penetration

Growth Opportunity 3—Partnerships/M&As for Higher Market Penetration (continued)

Growth Opportunity 4—New Business Models for Competitive Advantage

Growth Opportunity 4—New Business Models for Competitive Advantage (continued)

List of Companies in “Others”

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

After a highly challenging pandemic-filled 2020, the elevator and escalator market recovered in 2021 to register a global growth of 5.7% in revenues. While activity in the early part of 2021 were somewhat hampered by the pandemic, the later part of the year recovered well to post much higher growth than 2020. The recovery speed varied with the region, but all regions witnessed overall growth in terms of both units and revenue. Asia-Pacific led the recovery, with China as prime contributor. EMEA and Americas recovered well after a dismal 2020. Though 2021 saw significant growth, 2022 is likely to be weighed down by the property market slowdown in China. However, with assistance from the Chinese government to address the meltdown in the property space and general economy, the global E&E market will gather steam back in 2023 and continue growing at a CAGR of 3.6% between 2021 and 2026. Some of the key drivers for this growth are fast increasing urbanization rates especially in Asia-Pacific, growing investments in infrastructure (to boost economic development), and steady growth of the maintenance segment. This research service covers all types of elevators: machine-room (MR)/machine-room-less (MRL) and passenger, service), escalators, and moving walkways and includes revenue for elevators and escalators from new installations and service (maintenance and modernization) business segments. The report is further analyzed geographically for regions including Americas (North America and South America), Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC). The base year is 2021, and market numbers are forecast until 2026. Author: Viswesh Vancheeshwar
More Information
Author Viswesh Vancheeshwar
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number PD23-01-00-00-00