Elevator & escalator market forecast and opportunities, 2024 - TechSci Research

1. PUBLISHED : DECEMBER 2019 GLOBAL ELEVATOR & ESCALATOR MARKET 2014 – 2024 • BY TYPE, BY SERVICE, BY ELEVATOR TECHNOLOGY, BY END-USER, BY ELEVATOR DOOR TYPE, • BY REGION, BY COUNTRY, • COMPETITION, FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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22. Product Overview • Elevator, Escalator, and moving walkways are also termed as vertical transportation system. An elevator or a lift can be defined as a machine installed in buildings to carry, lift, transport or move people and goods from one floor to another. An elevator can be used in various types of settings such as residential complexes, commercial buildings, malls, hospitals, etc., for moving passengers or goods from one level to another. • Elevators can also be used in factories and industrial plants to transfer goods, machinery and finished products between different floors. • Depending on the requirement, elevators can be classified into the following types: • Passenger Elevators: These are the most common and widely used elevators, primarily installed in hotels, housing complexes, office buildings, hospitals, malls and various other locations. • Freight Elevators: These elevators are installed and used in factories, industrial units, hospitals and hotels for carrying goods, machinery or finished products. • Others: Other elevator types include dumbwaiter, boat lifts in shipping yards and sidewalk elevators in industrial buildings for transporting goods. • Further, doors used in elevators can be categorized into two types: • Automatic Doors: Automatic doors are standard doors used in elevators. These kind of doors are powered by an electric door operator installed within the elevator car. • Manual Doors: Manual or normal doors are opened or closed manually. These doors can be opened vertically or horizontally.

23. Product Overview • Escalator is a set of moving stairs, usually power driven, arranged like a continuous belt that carries people between the floors of a building while ascending or descending constantly. Important escalator features include auto-start feature either by photocell sensors or by contact mats, power saving feature, landing plates and handrail & balustrade design. • Escalators are being majorly deployed in commercial complexes such as shopping malls, department stores, hotels, stadiums, arenas, convention centers and transit systems like airports and railway stations. • Escalators can be broadly categorized into two types – moving stairs and moving walkways.

24. Product Overview Source: TechSci Research Source: TechSci Research

25. Product Overview Source: TechSci Research Other include Airports, Railway, etc. Source: TechSci Research

26. Research Methodology

27. Research Methodology Market Profiling Data Collection Data Validation Data Analysis Formulating Questionnaire Developing List of Respondents In-depth secondary research was conducted to determine top players in global elevator & escalator market, overall market size and segmental market size. The data was scrutinized using MS-Excel and statistical methods, such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about global elevator & escalator market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis Business Solution Research & Intelligence Actionable Insights Data Filter & Analysis Data Collection • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews • Market Participants • Key Strengths Primary Research Secondary Research Paid Sources • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • LinkedIn • TechSci Internal Database • Factiva • Hoovers

28. Research Methodology OBJECTIVE:The primary objective of the study is to analyze and forecast the size of global elevator & escalator market, and identify the market share by type, by service, by end-user, by elevator technology, by elevator door type, by region and by company. APPROACH & SOURCES: In order to extract, analyze and project global elevator & escalator market, both top down and bottom up approaches were used. Multiple employees from following companies were interviewed through telephonic and face-to-face meetings in order to extract and verify collected information. TechSci Research has scrutinized various published documents from following key sources in order to fill the data gaps and verify information being collected through primary research surveys.

29. Research Methodology The study has been carried out considering various aspects of Global Elevator & Escalator market: • In the beginning, a brief study of elevator & escalator market, globally, was conducted, which included analysis of information such as end-user demand for elevators & escalators and growth in residential, commercial and other sectors, which can impact the demand for elevators & escalators, globally. • Then, a brief study on end-use segments such as commercial, institutional, residential and infrastructure was carried out, which included analysis of information such as ongoing development projects, followed by the details of major projects in the development stage, which can positively or negatively influence global elevator & escalator market. • A detailed and in-depth scrutiny of information was done to understand each and every policy, as well as external or internal factors that could affect the elevators & escalators market, globally. For this, various documents related to construction sector were studied, followed by a detailed assessment of use of elevators & escalators. • Finally, region-specific markets for elevators & escalators were analyzed and major companies which provide elevators & escalators, globally, were identified. As there is a potential for elevators & escalators market, globally, the factors that are leading to market growth were assessed for future forecast.

30. Research Methodology • Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of global elevator & escalator market. The team has analyzed various industry segments and speculated a positive future of the industry. Our team of analysts has provided an analysis of the industry’s performance in the future. This would enable our clients in planning their investment decisions and exploring growth opportunities in global elevator & escalator market. • For the study, TechSci Research gathered information through primary research surveys from various elevator & escalator manufacturers, suppliers and maintenance companies to gather information regarding global elevator & escalator market. Thorough check of company annual reports and secondary sources was also done to verify the information. We also put an exhaustive search of credible paid databases such as Bloomberg, Factiva and Hoovers, including our internal database. Our team of analysts has then evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of global elevator & escalator market. • While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so that we can present the most accurate and precise information of the concerned industry. Note: Volume figures across the report only include the data for new installation of elevator, escalator and moving walkways.

31. INDUSTRY BRIEF According to TechSci Research report, “Global Elevator & Escalator Market By Type, By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2014 - 2024’’, the global elevator & escalator market is projected to cross $ 100 billion by 2024, on account of growing demand for high speed and machine room less elevators. Improving after sales services, proactive maintenance & modernization of equipment and use of UltraRope elevator technology for high-rise buildings are expected to positively influence the global elevator & escalator market in the coming years. Moreover, growing competition with increasing number of partnerships and mergers & acquisitions is likely to fuel global elevator & escalator market, which is led by companies such as United Technologies Corporation, Schindler Holding Ltd. and KONE Corporation. Global elevator & escalator market is dominated by elevators, as they are majorly used in the residential sector. In terms of service, maintenance and repair service segment accounts for the largest market share, owing to large installed base of elevators & escalators across the world. Asia-Pacific dominated the market in 2018 and is expected to maintain its market dominance during the forecast period, backed by the presence of major economies such as China, Japan, India and South Korea. Traction & Machine room less traction is the widely used elevator technology, globally, owing to its better safety features, low maintenance cost and high energy efficiency compared to other technologies. “Increasing Infrastructure developments across major developed as well as developing countries coupled with an increasing number of multi-storey commercial and residential buildings across the globe are boosting demand for elevators and escalators, globally. Moreover, growing construction activities, rising urbanization, technological advancements such as energy-saving regenerative drives, and strengthening after sales service have also been positively influencing the market. Continuance of such upward trend in infrastructure and construction activities across the globe is expected to drive the global elevator and escalator market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

32. SAMPLE DATA - SNAPSHOT • Global Elevator & Escalator Market Size, By Value, 2014-2024F (USD Billion) CAGR (2019E-2024F) By Value: xx% CAGR (2014-2018) By Value: xx% • United States Elevator & Escalator Market Share, By Type, By Value, 2018 & 2024F • North America Elevator & Escalator Market Share, By End-User, By Value, 2018 & 2024F

33. REPORT ORDERING • Report Name: GLOBAL ELEVATOR & ESCALATOR MARKET • BY TYPE, BY SERVICE, BY ELEVATOR TECHNOLOGY, BY END-USER, • BY ELEVATOR DOOR TYPE, BY REGION, BY COUNTRY, • COMPETITION, FORECAST & OPPORTUNITIES • 2014 – 2024 Report Price To View Sample OR Purchase Report

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