Global Elevator Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

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In this report, the Global Elevator market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Elevator market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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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.

The leading producers in the industry are Otis, Schindler and ThyssenKrupp, accounting for 16.29%, 14.55% and 13.46% of revenue, respectively. China has the highest share of income by region, accounting for more than 66 percent in 2019.

Market Analysis and Insights: Global Elevator Market

In 2019, the global Elevator market size was US$ 37130 million and it is expected to reach US$ 42990 million by the end of 2026, with a CAGR of 1.9% during 2021-2026.

Global Elevator Scope and Market Size

Elevator market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Elevator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Elevator market is segmented into



Moving Walkway

Segment by Application, the Elevator market is segmented into

Residential Area

Commercial Office

Transportation Hub

Industrial Area

Regional and Country-level Analysis:

North America

United States





South Korea


Southeast Asia


Rest of Asia-Pacific







Nordic Countries

Rest of Europe

Latin America



Rest of Latin America

Middle East & Africa


Saudi Arabia


Rest of MEA

Competitive Landscape and Elevator Market Share Analysis

Elevator market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Elevator product introduction, recent developments, Elevator sales by region, type, application and by sales channel.

The major companies include:





Mitsubishi Electric


Canny Elevator




Guuangri Gufen

Sicher Elevator

Yungtay Engineering


Edunburgh Elevator

Suzhou Diao

Hangzhou XiOlift



Meilun Elevator

IFE Elevators

Dongnan Elevator

Joylive Elevator

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Reasons to Buy This Research Report

  • Complete access to Global Elevator market size, growth rate and forecast to 2026
  • In-depth quantitative information on key regional Global Elevator markets including North America, Europe, MEA and Asia Pacific
  • Global Elevator Market estimates and forecasts for key products/applications on a regional basis
  • Facility to obtain country level information for complete Global Elevator market segmentation
  • Key trends, drivers and restraints for global Global Elevator market
  • Challenges to market growth for Global Elevator manufacturers
  • Key market opportunities of Global Elevator Industry

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