Passenger Elevators Market

An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.

In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.

Passenger Elevators Market studies Passenger Elevators.

Passenger Elevators Market contains market size and forecasts of Passenger Elevators in global, including the following market information:

Global Passenger Elevators Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Passenger Elevators Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Passenger Elevators companies in 2021 (%)

The global Passenger Elevators market was valued at 38480 million in 2021 and is projected to reach US$ 51360 million by 2028, at a CAGR of 4.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Elevator Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Passenger Elevators include Kone, Otis, Schindler, ThyssenKrupp, Mitsubishi Electric, Hitachi, Toshiba, Hyundai and Fujitec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Passenger Elevators manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Passenger Elevators Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Elevators Market Segment Percentages, by Type, 2021 (%)

Elevator

Escalator

Moving Walkway

Global Passenger Elevators Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Elevators Market Segment Percentages, by Application, 2021 (%)

Residential Area

Commercial Office

Transportation Hub

Industrial Area

Global Passenger Elevators Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Elevators Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Passenger Elevators revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Passenger Elevators revenues share in global market, 2021 (%)

Key companies Passenger Elevators sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Passenger Elevators sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Kone

Otis

Schindler

ThyssenKrupp

Mitsubishi Electric

Hitachi

Toshiba

Hyundai

Fujitec

Hangzhou XiOlift

Volkslift

Yungtay Engineering

Canny Elevator

SJEC

Guangri Elevator

Edunburgh Elevator

Suzhou Diao

Meilun Elevator

IFE Elevators

CNYD

Syney Elevator

Dongnan Elevator