Elevator and Escalator Market by Product, Application and Geography - Forecast and Analysis 2023-2027

Published: Jul 2023 Pages: 172 SKU: IRTNTR44276

Elevator and Escalator Market Research Report 2023-2027

The Elevator and Escalator Market size is estimated to grow at a CAGR of 8.92% between 2022 and 2027 and the size of the market is forecast to increase by USD 60.75 billion. The growth of the market depends on several factors, such as the increasing demand for smart elevators, the growing number of construction activities, and the growing investment in smart cities.

This report extensively covers market segmentation by product (elevators and escalators), application (commercial, residential, and industrial), and geography (APAC, Europe, Middle East and Africa, North America, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Elevator And Escalator Market During the Forecast Period?

Elevator and Escalator Market Forecast 2023-2027

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Elevator and Escalator Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver: Growing investment in smart cities

With the increasing number of migrants moving from rural areas to cities, it is becoming more important for cities to accommodate these people. As a result, the concept of smart cities is gaining momentum globally.  An urban area is one with highly advanced infrastructure, communication, and sustainable real estate as well as market viability. In smart cities, information technology serves as the base for the essential services provided to residents.

Several smart city initiatives are being undertaken in different parts of the world. Smart cities will provide smarter solutions to address urban population growth, enabling them to manage traffic congestion in a more efficient way; this includes the introduction of energy-efficient road networks leading to effective public transport systems. Therefore, the growing momentum of smart cities and massive investments in their development are expected to spur the growth of the global elevators and escalators market during the forecast period.

Trends: Use of regenerative drives in elevators and escalators

The development of regenerative drives has resulted from the energy-efficient which needs to develop, in-building transport systems. Regenerative drives are one of the most noteworthy innovations in modern-day elevator technology. When going up with light loads or coming down with heavy loads, elevators tend to generate power that is more than the required amount. In the case of conventional elevator systems, this extra power is wasted as heat. This way, a significant amount of heat is wasted over the service life of an elevator.

Moreover, the regenerative drives save energy by enabling the motor to become a generator during periods of low loads. In such cases, the motor converts the mechanical power to electrical power and sends it back to the electrical grid, where it can be reused. The energy saved from regenerative drives is dependent upon factors such as the height of the building, the frequency with which elevators are used, and their weight. Therefore, the use of regenerative drives propels the growth of the global elevator and escalator market during the forecast period.

Challenge: Reluctance to modernize elevators and reduce their energy use

Various types of optimizing elevator energy consumption, such as the use of more efficient AC motors and regenerators, are available. However, these solutions have not gained much popularity. Most office supervisors look first to the lighting and heating and cooling frameworks when looking for ways to cut energy use in their buildings. That's a logical approach, since according to the US Department of Energy, these frameworks are responsible for more than fifty percent of the energy consumed by business buildings.

Moreover, companies such as Schindler offer elevator lighting systems as part of energy-saving solutions to expand their market footprint. Therefore, the factors like Reluctance to modernize elevators and reduce their energy use can negatively affect the growth of the global elevator and escalator market during the forecast period.

Elevator and Escalator Market Segmentation by Product, Application, and Geography 

Product Segment Analysis: 

The elevator segment will account for a major share of the market's growth during the forecast period. An elevator, also known as a lift in many countries, is a vertical transportation vehicle that facilitates the movement of people or goods between various floors of a building or other multi-story structure.

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The elevator segment was valued at USD 80.00 billion in 2017 and continued to grow until 2021. Elevators can be rope-free or rope-dependent. An escalator is another type of vertical transport in the form of a moving staircase, which uses a motor-driven chain for movement over short vertical distances.

Escalators are crucial for the smooth vertical movement of people, especially in public places. These are of great importance in areas that are highly crowded by the general masses. The escalators are used as part of airports or shopping centers. Moving walkways have been put in place at historical centers, zoos, amusement parks, and exhibits to allow for the safe passage of guests and observers on a specific basis. Escalators transport individuals from one level to the next or between the floors of a building, theater, field, stadium, shopping center, or display. Some of the major factors driving the growth of the market are the rising demand for cost-effective and eco-friendly escalators in commercial and public buildings, increased spending on infrastructure by the Government of India, and a rise in urbanization in the country. 

Application Segment Analysis: 

Based on Application, the market has been segmented into commercial, residential, and industrial. The commercial segment will account for the largest share of this segment. A considerable number of commercial buildings, including offices, hospitals, educational institutions, retail stores, and malls, utilize elevators and escalators due to the large footfall and offer convenience to their consumers. In view of the increased commercial building construction such as hotels and hospitals, elevators and escalators were found to be widely adopted in developing countries such as China and India. A sizable proportion of these investments has been in commercial constructions, including office and retail space and the hospitality sectors. In particular, the rise of urbanization creates a need to build commercial and public infrastructure for various purposes. The commercial segment in the global elevator and escalator market is expected to witness growth during the forecast period.

The rapid urbanization and expanding middle-class population lead to an increase in demand for vertical transportation in residential buildings. It is expected that this trend will lead to migration from rural to urban areas in search of jobs and better living standards., thus increasing demand for adequate housing and nonresidential accommodation. Additionally, the awareness regarding accessibility for differently-abled individuals in residential buildings drives the demand for elevators and escalators in the residential sector. Demand for new housing, particularly in developing countries, will be enhanced by the increasing rural migration which leads to urbanization. The growing demand for housing is expected to intensify the already existing scarcity of land, thus resulting in the vertical growth of cities, which in turn, will play a vital role in the demand for elevators and escalators. Therefore, this drives the growth of the residential segment in the global elevator and escalator market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 75% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The governments of China, India, Japan, Singapore, and Malaysia have earmarked large-scale investments in urban infrastructure projects. Besides, the governments of China and India are focusing on the development of smart cities due to the ever-increasing urban population. Increased demand for more effective power, transport and housing, and other infrastructure in these regions is expected over the period under analysis due to rapidly growing urbanization.

Moreover, in Asia, the percentage of urban populations is growing. The growing number of construction activities in emerging economies, backed by the increased government spending on infrastructure development, is expected to play a key role in driving the demand for elevators and escalators in the region. The construction and expansion of public projects, such as shopping malls, airports, and metros, act as a major booster for market growth in APAC. 

COVID Recovery Analysis:

In 2020, the market in APAC witnessed certain challenges owing to the COVID-19 outbreak. However, the large-scale vaccination drives that were conducted by the governments across the region in the first half of 2021 helped stabilize the situation. As a result, operations in the industrial and construction sector were resumed. The rise in the construction industry and the growing adoption of high-rise buildings and mid-rise buildings in the region will drive the demand for elevators and escalators, which in turn will boost the growth of the regional elevator and escalator market during the forecast period. The demand for lifts and escalators in the region is growing as a result of an effective mobility system at healthcare facilities, shopping malls, and airports. Therefore, the elevator and escalator market in the region will witness growth during the forecast period.

Who are the Major Elevator and Escalator Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Braun Elevator - The company offers elevators and escalators such as passengers, goods, and car elevators.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Brobeil Aufzuge GmbH and Co.KG, ESCON Elevators Pvt. Ltd., Fuji Electric Co. Ltd., Fuji Elevators Co., Fujitec Co. Ltd., HIRO LIFT Hillenkotter and Ronsieck GmbH, Hitachi Ltd., Hyundai Elevator Co. Ltd., Kohler Co., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Savaria Corp., SCHAEFER GmbH, Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., Weidmuller Interface GmbH and Co. KG, and WITTUR HOLDING GmbH 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The elevator and escalator market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Elevators
    • Escalators
  • Application Outlook (USD Billion, 2017 - 2027)
    • Commercial
    • Residential
    • Industrial
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Elevator And Escalator Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.92%

Market growth 2023-2027

USD 60.75 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

8.45

Regional analysis

APAC, Europe, Middle East and Africa, North America, and South America

Performing market contribution

APAC at 75%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Braun Elevator, Brobeil Aufzuge GmbH and Co.KG, ESCON Elevators Pvt. Ltd., Fuji Electric Co. Ltd., Fuji Elevators Co., Fujitec Co. Ltd., HIRO LIFT Hillenkotter and Ronsieck GmbH, Hitachi Ltd., Hyundai Elevator Co. Ltd., Kohler Co., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Savaria Corp., SCHAEFER GmbH, Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., Weidmuller Interface GmbH and Co. KG, and WITTUR HOLDING GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Elevator And Escalator Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the elevator and escalator market between 2023 and 2027
  • Precise estimation of the size of the elevator and escalator market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, Middle East and Africa, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of elevator and escalator market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global elevator and escalator market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global elevator and escalator market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Elevators - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Elevators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Elevators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Elevators - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Elevators - Year-over-year growth 2022-2027 (%)
    • 6.4 Escalators - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Escalators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Escalators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Escalators - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Escalators - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Commercial - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.4 Residential - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.6 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Braun Elevator
              • Exhibit 115: Braun Elevator - Overview
              • Exhibit 116: Braun Elevator - Product / Service
              • Exhibit 117: Braun Elevator - Key offerings
            • 12.4 Brobeil Aufzuge GmbH and Co.KG
              • Exhibit 118: Brobeil Aufzuge GmbH and Co.KG - Overview
              • Exhibit 119: Brobeil Aufzuge GmbH and Co.KG - Product / Service
              • Exhibit 120: Brobeil Aufzuge GmbH and Co.KG - Key offerings
            • 12.5 ESCON Elevators Pvt. Ltd.
              • Exhibit 121: ESCON Elevators Pvt. Ltd. - Overview
              • Exhibit 122: ESCON Elevators Pvt. Ltd. - Product / Service
              • Exhibit 123: ESCON Elevators Pvt. Ltd. - Key offerings
            • 12.6 Fuji Electric Co. Ltd.
              • Exhibit 124: Fuji Electric Co. Ltd. - Overview
              • Exhibit 125: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 126: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 127: Fuji Electric Co. Ltd. - Segment focus
            • 12.7 Fujitec Co. Ltd.
              • Exhibit 128: Fujitec Co. Ltd. - Overview
              • Exhibit 129: Fujitec Co. Ltd. - Business segments
              • Exhibit 130: Fujitec Co. Ltd. - Key offerings
              • Exhibit 131: Fujitec Co. Ltd. - Segment focus
            • 12.8 HIRO LIFT Hillenkotter and Ronsieck GmbH
              • Exhibit 132: HIRO LIFT Hillenkotter and Ronsieck GmbH - Overview
              • Exhibit 133: HIRO LIFT Hillenkotter and Ronsieck GmbH - Product / Service
              • Exhibit 134: HIRO LIFT Hillenkotter and Ronsieck GmbH - Key offerings
            • 12.9 Hitachi Ltd.
              • Exhibit 135: Hitachi Ltd. - Overview
              • Exhibit 136: Hitachi Ltd. - Business segments
              • Exhibit 137: Hitachi Ltd. - Key news
              • Exhibit 138: Hitachi Ltd. - Key offerings
              • Exhibit 139: Hitachi Ltd. - Segment focus
            • 12.10 Hyundai Elevator Co. Ltd.
              • Exhibit 140: Hyundai Elevator Co. Ltd. - Overview
              • Exhibit 141: Hyundai Elevator Co. Ltd. - Product / Service
              • Exhibit 142: Hyundai Elevator Co. Ltd. - Key news
              • Exhibit 143: Hyundai Elevator Co. Ltd. - Key offerings
            • 12.11 Kohler Co.
              • Exhibit 144: Kohler Co. - Overview
              • Exhibit 145: Kohler Co. - Product / Service
              • Exhibit 146: Kohler Co. - Key news
              • Exhibit 147: Kohler Co. - Key offerings
            • 12.12 KONE Corp.
              • Exhibit 148: KONE Corp. - Overview
              • Exhibit 149: KONE Corp. - Product / Service
              • Exhibit 150: KONE Corp. - Key news
              • Exhibit 151: KONE Corp. - Key offerings
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 152: Mitsubishi Electric Corp. - Overview
              • Exhibit 153: Mitsubishi Electric Corp. - Business segments
              • Exhibit 154: Mitsubishi Electric Corp. - Key news
              • Exhibit 155: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 156: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Otis Worldwide Corp.
              • Exhibit 157: Otis Worldwide Corp. - Overview
              • Exhibit 158: Otis Worldwide Corp. - Business segments
              • Exhibit 159: Otis Worldwide Corp. - Key news
              • Exhibit 160: Otis Worldwide Corp. - Key offerings
              • Exhibit 161: Otis Worldwide Corp. - Segment focus
            • 12.15 Schindler Holding Ltd.
              • Exhibit 162: Schindler Holding Ltd. - Overview
              • Exhibit 163: Schindler Holding Ltd. - Product / Service
              • Exhibit 164: Schindler Holding Ltd. - Key news
              • Exhibit 165: Schindler Holding Ltd. - Key offerings
            • 12.16 thyssenkrupp AG
              • Exhibit 166: thyssenkrupp AG - Overview
              • Exhibit 167: thyssenkrupp AG - Business segments
              • Exhibit 168: thyssenkrupp AG - Key offerings
              • Exhibit 169: thyssenkrupp AG - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 170: Toshiba Corp. - Overview
              • Exhibit 171: Toshiba Corp. - Business segments
              • Exhibit 172: Toshiba Corp. - Key news
              • Exhibit 173: Toshiba Corp. - Key offerings
              • Exhibit 174: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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