Global Elevator and Escalator Market Report: 2015 Edition main segments: New equipment, Modernization and Maintenance

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Elevator is a type of vertical transport equipment that efficiently moves people or goods between floors or levels of a building, vessel or any other structure. The major product segments of elevators are gearless, geared hydraulic and machine-room-less elevators. Whereas an escalator is a moving staircase or a conveyor transport device for carrying people between floors of a building.

The global elevator and escalator (E&E) market comprises three main segments: New equipment, Modernization and Maintenance. Globally, half of the people are migrating from rural areas to urban areas, with rapid urbanization in emerging nations like China, India, and Middle East the demand for new equipment will surge in the years to come.

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In mature markets like US and Europe, cities and buildings are growing older and hence needs to be upgraded or modernized. Modernization is in itself a complex process but ensures safety and accessibility. For smooth movement of people inside and between the buildings, the equipment is to be maintained on a regular basis. There lies a huge growth opportunity in the maintenance segment.

The key trends observed in the market include sustainable urbanization, elevator and escalator technologies transforming the buildings. But there are certain challenges too which include pricing pressures, safety and environmental issues and availability of skilled workforce. The market’s main growth drivers include accelerating urbanization, growing GDP, aging of installed base, demographic changes and growing green building market.

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Table of Content

1. Elevators and Escalators: Overview
1.1 Elevator and Escalator (E&E) Industry
1.1.1 Life Cycle
1.1.2 Supply Chain
1.1.3 Value Chain

2. Market Analysis
2.1 Global Market

    Market Value
    Market Segmentation

2.1.1 Maintenance Market

    Market Value
    Installed Base
    Regional Breakdown

2.1.2 New Equipment Market

    Market Value
    New Units Installed
    Regional Breakdown

2.2 Regional Markets
2.2.1 China

    Total Installed Base
    New Units Installed

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