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Global Elevator and Escalator Market Report ----------------------------------------2014
View Report Details Executive Summary Elevator is a type of vertical transport equipment that helps in mobilization of people or goods between levels of a building, vessel or any other structure. The major product segments of elevators include: Gearless; Geared hydraulic elevators; and Machine-room-less (MRL). On the other hand, escalator is a moving staircase or a conveyor transport device for carrying people between floors of a building. Globally, the E&E market revenue structure is divided in 3 segments viz. New Equipment, Maintenance and Modernization. The following report discuses the global E&E market including its sub-markets and the respective revenue structure, installed bases and new installations. Also, regional markets of China; EMEA; Asia Pacific; North America; and South America are discussed in detail. The report elicits the market dynamics including the industry trends, growth drivers and challenges. The major factors driving forth the market include the rising number of tall buildings; ageing population; increasing urbanization and urban residents’ number; and improving economic environment. The competitive landscape in the global E&E industry is fiercely contentious with numerous international and domestic players vying for the market share. The elevator and escalator manufacturers are becoming more and more conscious about enhancing their product offerings in terms of energy efficiency and maintenance cost in order to utilize the growth opportunities present in the market. The leading industry players include OTIS, KONE, Schindler and ThyssenKrupp. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have projected the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The global elevator and escalator (E&E) market continues its upward trajectory driven by rising urbanization, increased infrastructure spending and a steady rise in construction and acceptance of tall buildings across the world… Global E&E Market (2006-2013E)
In 2013, global E&E market’s valuation totaled US$… billion, an increase of …% over 2012.
US$ Billion
The global Maintenance market increased to US$... billion in 2013, rising by …% over previous year. In 2013, the global New Installation market increased to US$... billion rising by …% against 2012 level. The same year saw the global installed base rising to … million units registering an increment of … million units over previous year.
2006
2007
2008
2009
2010
2011
In terms of revenue share, the global E&E market’s …% of revenue comes from the Maintenance market while another …% is contributed by the New Installation market leaving the rest for the Modernization segment.
2012 2013E
Global Maintenance Market (2006-2013E)
US$ Billion
US$ Billion
Global New Installation Market (2006-2013E)
2006
2007
2008
2009
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2011
2012 2013E
2006
2007
2008
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2012
2013E
Likewise, the regional markets continue to scale new heights on the back of rising proportion of aged population, growing number of vertical cities and improvement in respective macro-economic environment… E&E Installed Base, China (2009-2013)
The E&E installed base in China increased from … million units in 2009 to … million units in 2013.
Million Units
In 2013, E&E installed base in the EMEA region increased to … million units, registering an increment of … thousand units on yo-y basis. The Asia Pacific region also witnessed an increment of … thousand units in its E&E installed base which reached … million units in 2013. China has emerged as the single largest regional E&E market which accounts for …% of the global installed base and …% of the global New Installation market .
2009
2010
2011
2012
The Modernization market looks promising as regions such as EMEA and the US have about … million units and … million units respectively that are at least 20 years old.
2013
E&E Installed Base, EMEA (2009-2013)
Million Units
Million Units
E&E Installed Base, Asia Pacific (2009-2013)
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Despite a number of challenges including saturated developed markets and safety and environmental issues, the global market is well poised to continue its upward march…
US$ Billion
World E&E Market Forecast (2013-2017F)
2013
2014F
2015F
2016F
2017F
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The global elevator and escalator market is forecasted to grow at a CAGR of ….% and is forecasted to reach US$... billion by 2017.
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Rising proportion of aged population, rising economic prosperity, rapid urbanization, rising scope for the Modernization segment on the back of significant size of older equipment in certain regions and rise in the number and pace of vertical cities are likely to keep the global market buoyant in the medium term,
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However, receding construction output of Europe and safety and environmental issues are likely to act as the major obstacles for the market’s growth.
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Koncept Analytics
Vikas Gupta BD Manager
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