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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
24-Jun-2022
North America
Market Research
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
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
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
Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Viswesh Vancheeshwar |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PD23-01-00-00-00 |