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Global Elevators and Escalators Market Report 2021: Market to Reach $80.1 Billion by 2027 - U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 3.4% CAGR
Research and Markets
5 min read

Dublin, July 13, 2021 (GLOBE NEWSWIRE) -- The "Elevators and Escalators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Elevators and Escalators Market to Reach $80.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Elevators and Escalators estimated at US$66 Billion in the year 2020, is projected to reach a revised size of US$80.1 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.

Elevators, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$72.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Escalators segment is readjusted to a revised 2.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 3.4% CAGR

The Elevators and Escalators market in the U.S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.5 Billion by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • A Prelude to Elevators and Escalators

  • Elevators

  • Escalators

  • Elevators and Escalators: Current Market Scenario and Outlook

  • Growth Drivers in a Nutshell

  • Mega Trends Benefiting E&E Demand Summarized

  • Key Factors Influencing Market Growth: Ranked in the Order of Importance

  • Developing Countries Dominate New Installations and Spearhead Market Growth

  • Recent Market Activity

  • Competitive Landscape

  • Competition: Noteworthy Trends

  • What Does It Take to Survive in the Marketplace?

  • Key Challenges Hampering Profitability of Market Participants

  • Online Marketplace: The New Distribution Vertical

  • Select Innovations & Advancements

2. FOCUS ON SELECT PLAYERS(Total 114 Featured)

  • Canny Elevator Co., Ltd.

  • Fujitec Co., Ltd.

  • Hitachi Ltd.

  • Hyundai Elevators Co., Ltd.

  • Johnson Lifts Private Limited

  • Kleemann Hellas S.A.

  • KONE Oyj

  • Mitsubishi Electric Corporation

  • Shanghai Mitsubishi Elevator Co., Ltd. (SMEC)

  • Otis Elevator Company

  • Otis Electric Elevator Co., Ltd.

  • Sigma Elevator Company Limited

  • Savaria Corporation

  • Schindler Group

  • SJEC Corporation

  • ThyssenKrupp Elevator AG

  • Toshiba Elevator and Building Systems Corporation

  • Yungtay Engineering Co. Ltd.

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