Escalator Market, By Type (Step Type, Spiral, Moving Walkways), By Service (New Installation, Maintenance and Overhaul, Modernization) and by Region (NA, EU, APAC, LA, MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The Escalator market was valued at USD 78,400.1 million in 2020, growing with 6.2% CAGR during the forecast period, 2021-2027.
Escalators are widely used in commercial establishments including shopping centers, department stores, theaters, and resorts for quick and pleasant transit. Such escalators are ideal for business installations due to their high longevity and ability to handle heavy passenger loads.
Market Dynamics
Developments in the building sector, impending metro developments, airport enlargement, and other innovations have transformed the escalator business globally. Quick urbanization, growth in the real estate industry, and the demand for rapid and reliable transportation systems are the key drivers driving the worldwide market. Nevertheless, safety concerns and a shortage of qualified labor are anticipated to stymie industry expansion.
Type Takeaway
The step type category leads the market owing to its high installation locations, which include retail complexes & metro stations. Step are divided into two types: multi-parallel and parallel. Parallel escalators were found in retail malls & subway lines, whereas multi-parallel escalators are seen in airports and congested areas.
Service Takeaway
The new installation sector is projected to increase rapidly in emerging nations like India and China within the Asia Pacific market. Whereas the maintenance sector is projected to expand due to the necessity for escalator repair and refurbishment on a regular basis.
As a consequence of technology development, developed nations such as the United States, Dubai, Canada, and Germany are seeing development in the modernization category. As most installations in industrialized nations reach the years of service life, the demand for modernization of current escalators becomes prominent during the projection period.
Regional Takeaway
By geography, Asia-Pacific is a prospective development industry, with China and India providing major growth possibilities. The two developing countries are experiencing urbanization, as well as increased investment in infrastructures such as airports and subway projects, that is projected to contribute to emerging markets throughout the projection period. On the contrary side, North America and Europe are witnessing progress in the renovation category, which includes replacing outdated escalators with new systems that use less energy.
COVID-19 Impact
COVID-19 pandemic had a catastrophic impact on the construction industry. In terms of growth, building construction work had almost halted since worldwide lockdowns were imposed. Workers have returned to their home cities. Customers are also cautious to invest in infrastructural properties owing to macroeconomic concerns and the increasing economic collapse. This has a direct effect on the development of new installations during 2021 and is expected to recover over the forecast period.
Key Vendor Takeaway
Some of the major players operating in the market include Hitachi Ltd., Schindler, KONE CORPORATION, ThyssenKrupp AG, Otis Elevator Company, Mitsubishi Electric Corporation, and TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2020
- Projected Year – 2021 to 2027
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ESCALATOR MARKET KEY PLAYERS
- Hitachi Ltd.
- Stannah Limited
- Sainsbury
- Toshiba
- Schindler Group
- Kone Corporation
- Thyssenkrupp AG
- Hyundai Elevator
- Fujitec
- Dover
- SIGMA
- Omega
- Mitsubishi Electric
- Otis
- Others
GLOBAL ESCALATOR MARKET, BY TYPE
- Step type escalator
- Moving walkways
- Spiral escalators
GLOBAL ESCALATOR MARKET, BY SERVICE
- New installation
- Maintenance and overhaul
- Modernization
GLOBAL ESCALATOR MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. ESCALATOR MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Service
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ESCALATOR KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ESCALATOR INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ESCALATOR MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. ESCALATOR MARKET LANDSCAPE
6.1. Market Share Analysis, 2020
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. ESCALATOR MARKET – BY TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
7.2. Step type escalator
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Moving walkways
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.4. Spiral escalators
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. ESCALATOR MARKET – BY SERVICES
8.1. Overview
8.1.1. Segment Share Analysis, By Services, 2020 & 2027 (%)
8.2. New installation
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Maintenance and overhaul
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Modernization
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. ESCALATOR MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.5.9. Rest of Europe
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Service, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Service, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Service, 2016 - 2027 (US$ Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Service, 2016 - 2027 (US$ Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Service, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Lorentz
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Type Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Hitachi Ltd.
10.2.3. Stannah Limited
10.2.4. Sainsbury
10.2.5. Toshiba
10.2.6. Schindler Group
10.2.7. Kone Corporation
10.2.8. Thyssenkrupp AG
10.2.9. Hyundai Elevator
10.2.10. Fujitec
10.2.11. Dover
10.2.12. SIGMA
10.2.13. Omega
10.2.14. Mitsubishi Electric
10.2.15. Otis
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
