Global Elevator Market was valued at USD 99.30 million in 2021 and is expected to reach USD 130.76 million by 2029, registering a CAGR of 3.50% during the forecast period of 2022-2029.
Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, Elevator Market report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
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Market Overview:
Elevators or lifts are vertical transport berths housed in a shaft or platform for helping ascend and descend people or materials between floors and levels. They are generally operated by electric motors that power counterweight equipment and traction cables or pump hydraulic fluid to ascend a cylindrical system. Most of the multistoried buildings have lifts to facilitate aid of travel and wheelchair access laws. Elevators are widely used in the construction industries for shipping goods and carrying people from one floor to another.
Market Scope and Size:
The elevator market is segmented on the basis of product, deck type, application, destination control, technology, installation and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Hydraulic and Pneumatic
- Machine Room [MR] Traction
- Machine Room-Less [MRL] Traction
Deck Type
- Single Deck
- Double Deck
Application
- Passengers
- Freight
Country Level Analysis:
The countries covered in the elevator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players:
Some of the major players operating in the elevator market are
· Schindler (Switzerland)
· Otis Elevator Company (I). Ltd. (U.S.)
· Thyssenkrupp AG (Germany)
· KONE Corporation (Finland)
· Hitachi Ltd. (Japan)
· Schindler (Switzerland)
· FUJITEC CO., LTD (Hikone)
· HYUNDAIELEVATOR CO., LTD., (South Korea)
· Electra Elevators (India)
· Mitsubishi Electric Corporation (Japan)
· thyssenkrupp AG (Germany)
· EXPRESS LIFTS LTD (India)
· Elevator World, LLC (Alabama)
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TABLE OF CONTENTS:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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