The Business Research Company’s Elevator and Escalator Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Elevator and Escalator Global Market Report 2023 evaluates elevator and escalator market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global elevator and escalator market size grew from $101.78 billion in 2022 to $111.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The elevator and escalator market size is expected to grow to $146.67 billion in 2027 at a CAGR of 7.2%.
The elevator and escalator market segments in the report are:
1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users
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The table of contents in TBRC’s elevator and escalator market report includes:
- Executive Summary
- Elevator and Escalator Market Characteristics
- Elevator and Escalator Market Trends And Strategies
- Elevator and Escalator Market – Macro Economic Scenario
- Elevator and Escalator Market Size And Growth
- Africa Elevator and Escalator Market
- Elevator and Escalator Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Elevator and Escalator Market
- Elevator and Escalator Market Future Outlook and Potential Analysis
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