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World Elevators Market

  • October 2015
  • -
  • Freedonia
  • -
  • 401 pages

Study coverage

The study presents historical demand data (2004, 2009, 2014) plus forecasts (2019, 2024) for elevator supply and demand, demand by type and service, as well as passenger/freight elevator demand, in 6 regions and 20 countries worldwide. The study also considers market environment factors, examines the industry structure, evaluates company market share and profiles 40 participants in the global elevator industry.

Global demand to exceed $120 billion in 2019

Global demand for elevator equipment (including elevators, escalators, moving walkways, and associated parts) and services is forecast to reach $121 billion in 2019, on advances of 5.9 percent per annum. The large Asia/Pacific market will account for more than 70 percent of the growth in demand.

China & India to be top national markets

Through 2019, the developing countries of the Asia/Pacific region will continue to exhibit the strongest demand growth. Although increases in the Chinese elevator market, the world’s largest, will decelerate substantially after a decade of explosive growth, elevator demand will grow nearly 10 percent per annum to $42 billion. Elevator demand in India will register robust advances of 16 percent annually, driven by strong growth in the country’s urban population and rising average incomes.

The developed markets of North America and Europe will exhibit slower growth in elevator demand. While demand for new units in these regions is expected to continue to recover from low 2009 levels, growth in demand for elevator parts and services is expected to be slower than the global average. This is because the market will remain concentrated in maintaining existing units and modernizing older units, not the installation of new equipment, in spite of the uptick in new unit demand.

Table Of Contents

World Elevators Market
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Demographic Overview 9
Population 10
Urban Population 12
Per Capita Gross Domestic Product 13
World Building Construction Outlook 15
Residential 17
Nonresidential 19
Legal and Regulatory Overview 21
Safety Regulations 22
Other Regulations 23
Pricing Trends 25
III. OVERVIEW 28
Demand by Region 28
Relationship of Per Capita Income and Elevator Demand 30
Existing Elevator Stock 34
Demand by Product and Service 35
Equipment 37
Passenger and Freight Elevators 38
Escalators and Moving Walkways 44
Other Equipment and Parts 46
Elevator Services 48
Installation 49
Modernization and Repair 50
Demand by Market 52
Residential 54
Nonresidential 56
Shipments by Region 58
International Trade 60
IV. NORTH AMERICA 64
General 64
Supply and Demand 65
Demand by Type and Market 67
Passenger/Freight Elevator Demand 69
United States 71
Canada 78
Mexico 83
V. WESTERN EUROPE 90
General 90
Supply and Demand 91
Demand by Type and Market 93
Passenger/Freight Elevator Demand 95
Germany 97
Italy 103
Spain 110
France 116
United Kingdom 123
Switzerland 129
Netherlands 136
Other Western Europe 141
VI. ASIA/PACIFIC 149
General 149
Supply and Demand 150
Demand by Type and Market 152
Passenger/Freight Elevator Demand 154
China 156
Japan 164
India 170
South Korea 178
Other Asia/Pacific 185
VII. OTHER REGIONS 192
Central and South America 192
General 192
Supply and Demand 193
Demand by Type and Market 195
Passenger/Freight Elevator Demand 197
Brazil 198
Argentina 204
Other Central and South America 210
Eastern Europe 216
General 216
Supply and Demand 218
Demand by Type and Market 219
Passenger/Freight Elevator Demand 221
Russia 222
Poland 229
Other Eastern Europe 234
Africa/Mideast 240
General 240
Supply and Demand 242
Demand by Type and Market 244
Passenger/Freight Elevator Demand 245
Turkey 246
Saudi Arabia 252
Other Africa/Mideast 259
VIII. INDUSTRY STRUCTURE 268
General 268
Industry Composition 269
Market Share 272
Manufacturing and Development 275
Marketing and Distribution 279
Mergers and Acquisitions 280
Cooperative Agreements 285
Company Profiles 290
AKE Asansör ve Yürüyen Merdiven San Ticaret 291
Alimak Hek Group AB 292
Apex Elevators Private Limited 295
Bucher Industries AG 297
Canny Elevator Company Limited 299
China Ningbo Xinda Group Company Limited 301
City Lifts India Limited 303
Delta Elevator Company Limited 304
Eagle Elevator India 306
Eggert Aufzüge, see ThyssenKrupp
Emerson Electric Company 308
Eros Elevators Private Limited 309
Eskay Elevators Private Limited 311
ETA-Melco Elevator, see Mitsubishi Electric
FARMA Srl 313
Fujitec Company Limited 315
GiantKONE Elevator, see KONE
Hitachi Limited 319
Huasheng Fujitec Elevator, see Fujitec
Hütter Aufzüge, see United Technologies
Hyundai Elevator Company Limited 322
Imem Ascensores SL 325
Imperial Electric, see Nidec
Jardine Schindler Group, see Schindler Holding
Johnson Lifts Private Limited 327
Karacharovo Mechanical Factory Open Joint Stock
Company 330
Kinetek, see Nidec
KONE Corporation 332
Leroy-Somer, see Emerson Electric
Lift and Engineering Services, see ThyssenKrupp
LM Liftmaterial, see SEMATIC Italia
Löher Asansör ve Yürüyen Merdiven San ve Ticaret A? 339
Manutenzione Installazione Ascensori, see KONE
Mitsubishi Electric Corporation 341
Motion Control Engineering, see Nidec
Nidec Corporation 346
Ningbo Hosting Elevator, see China Ningbo Xinda
Omega Elevators 349
Orona S. Cooperativa 351
Otis Elevator, see United Technologies
Pickerings Europe Limited 353
Schindler Holding Limited 355
SEMATIC Italia SpA 360
Shanghai Huasheng Fujitec Escalator, see Fujitec
Shanghai Mitsubishi Elevator, see Mitsubishi Electric
Shenyang Brilliant Elevator Company Limited 364
SIGMA Elevator, see United Technologies
SMI, see FARMA
SODIMAS SA 366
Supriya Elevator India Private, see United Technologies
Suzhou Jiangnan Jiajie Elevator Company Limited 368
Symax Lift Holding Company Limited 369
Techlift Sp zoo, see Orona S. Cooperativa
TECNO Srl 371
ThyssenKrupp AG 373
Toshiba Corporation 381
Tüv Süd AG 384
Tyler Elevator Products, see SEMATIC Italia
United Technologies Corporation 385
Vestner Aufzüge GmbH and Company KG 391
WITTUR Holding GmbH 393
XJ-Schindler Xuchang Elevator, see Schindler Holding
Yungtay Engineering Company Limited 395
Other Companies in the Elevator Industry 397

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Urban Population by Region 13
4 World Per Capita Gross Domestic Product by Region 15
5 World Building Construction Expenditures by Region 16
6 World Residential Building Construction Expenditures
by Region 19
7 World Nonresidential Building Construction Expenditures
by Region 21
8 Average Passenger/Freight Elevator Prices by Region 27
SECTION III -- OVERVIEW
1 World Elevator Demand by Region 30
2 World Installed Passenger and Freight Elevator Base by Region 35
3 World Elevator Equipment and Services Demand 37
4 World Elevator Equipment Demand 38
5 World Passenger and Freight Elevator Demand by Region 42
6 World Escalator and Moving Walkway Demand by Region 46
7 World Elevator Other Equipment and Parts Demand by Region 48
8 World Elevator Services Demand 49
9 World Elevator Installation Services Demand by Region 50
10 World Elevator Modernization and Repair Services Demand
by Region 52
11 World Elevator Equipment and Services Demand by Market 53
12 Residential Demand for Elevator Equipment and Services
by Region 56
13 Nonresidential Demand for Elevator Equipment and Services
by Region 58
14 World Elevator Equipment Shipments by Region 60
15 World Elevator Equipment Net Exports and Stock Change
by Region 62
1 North America: Elevator Supply and Demand 67
2 North America: Elevator Demand by Type and Market 69
3 North America: Passenger/Freight Elevator Demand 70
4 United States: Elevator Supply and Demand 73
5 United States: Elevator Demand by Type and Market 76
6 United States: Passenger/Freight Elevator Demand 77
7 Canada: Elevator Supply and Demand 80
8 Canada: Elevator Demand by Type and Market 82
9 Canada: Passenger/Freight Elevator Demand 83
10 Mexico: Elevator Supply and Demand 86
11 Mexico: Elevator Demand by Type and Market 88
12 Mexico: Passenger/Freight Elevator Demand 89
SECTION V -- WESTERN EUROPE
1 Western Europe: Elevator Supply and Demand 93
2 Western Europe: Elevator Demand by Type and Market 95
3 Western Europe: Passenger/Freight Elevator Demand 97
4 Germany: Elevator Supply and Demand 100
5 Germany: Elevator Demand by Type and Market 102
6 Germany: Passenger/Freight Elevator Demand 103
7 Italy: Elevator Supply and Demand 107
8 Italy: Elevator Demand by Type and Market 109
9 Italy: Passenger/Freight Elevator Demand 110
10 Spain: Elevator Supply and Demand 113
11 Spain: Elevator Demand by Type and Market 115
12 Spain: Passenger/Freight Elevator Demand 116
13 France: Elevator Supply and Demand 120
14 France: Elevator Demand by Type and Market 122
15 France: Passenger/Freight Elevator Demand 123
16 United Kingdom: Elevator Supply and Demand 126
17 United Kingdom: Elevator Demand by Type and Market 128
18 United Kingdom: Passenger/Freight Elevator Demand 129
19 Switzerland: Elevator Supply and Demand 132
20 Switzerland: Elevator Demand by Type and Market 134
21 Switzerland: Passenger/Freight Elevator Demand 135
22 Netherlands: Elevator Supply and Demand 138
23 Netherlands: Elevator Demand by Type and Market 140
24 Netherlands: Passenger/Freight Elevator Demand 141
25 Other Western Europe: Elevator Supply and Demand 145
26 Other Western Europe: Elevator Demand by Type and Market 147
27 Other Western Europe: Passenger/Freight Elevator Demand 148
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Elevator Supply and Demand 152
2 Asia/Pacific: Elevator Demand by Type and Market 154
3 Asia/Pacific: Passenger/Freight Elevator Demand 156
4 China: Elevator Supply and Demand 160
5 China: Elevator Demand by Type and Market 162
6 China: Passenger/Freight Elevator Demand 164
7 Japan: Elevator Supply and Demand 167
8 Japan: Elevator Demand by Type and Market 169
9 Japan: Passenger/Freight Elevator Demand 170
10 India: Elevator Supply and Demand 174
11 India: Elevator Demand by Type and Market 176
12 India: Passenger/Freight Elevator Demand 178
13 South Korea: Elevator Supply and Demand 181
14 South Korea: Elevator Demand by Type and Market 183
15 South Korea: Passenger/Freight Elevator Demand 184
16 Other Asia/Pacific: Elevator Supply and Demand 188
17 Other Asia/Pacific: Elevator Demand by Type and Market 190
18 Other Asia/Pacific: Passenger/Freight Elevator Demand 191
SECTION VII -- OTHER REGIONS
1 Central and South America: Elevator Supply and Demand 195
2 Central and South America: Elevator Demand by Type
and Market 197
3 Central and South America: Passenger/Freight Elevator
Demand 198
4 Brazil: Elevator Supply and Demand 201
5 Brazil: Elevator Demand by Type and Market 203
6 Brazil: Passenger/Freight Elevator Demand 204
7 Argentina: Elevator Supply and Demand 207
8 Argentina: Elevator Demand by Type and Market 209
9 Argentina: Passenger/Freight Elevator Demand 210
10 Other Central and South America: Elevator Supply and Demand 213
11 Other Central and South America: Elevator Demand by Type
and Market 215
12 Other Central and South America: Passenger/Freight Elevator
Demand 216
13 Eastern Europe: Elevator Supply and Demand 219
14 Eastern Europe: Elevator Demand by Type and Market 221
15 Eastern Europe: Passenger/Freight Elevator Demand 222
16 Russia: Elevator Supply and Demand 225
17 Russia: Elevator Demand by Type and Market 227
18 Russia: Passenger/Freight Elevator Demand 228
19 Poland: Elevator Supply and Demand 231
20 Poland: Elevator Demand by Type and Market 233
21 Poland: Passenger/Freight Elevator Demand 234
22 Other Eastern Europe: Elevator Supply and Demand 237
23 Other Eastern Europe: Elevator Demand by Type and Market 239
24 Other Eastern Europe: Passenger/Freight Elevator Demand 240
25 Africa/Mideast: Elevator Supply and Demand 243
26 Africa/Mideast: Elevator Demand by Type and Market 245
27 Africa/Mideast: Passenger/Freight Elevator Demand 246
28 Turkey: Elevator Supply and Demand 249
29 Turkey: Elevator Demand by Type and Market 251
30 Turkey: Passenger/Freight Elevator Demand 252
31 Saudi Arabia: Elevator Supply and Demand 255
32 Saudi Arabia: Elevator Demand by Type and Market 257
33 Saudi Arabia: Passenger/Freight Elevator Demand 259
34 Other Africa/Mideast: Elevator Supply and Demand 263
35 Other Africa/Mideast: Elevator Demand by Type and Market 265
36 Other Africa/Mideast: Passenger/Freight Elevator Demand 267
SECTION VIII -- INDUSTRY STRUCTURE
1 World Elevator Sales For Selected Manufacturers, 2014 271
2 Selected Acquisitions and Divestitures 282
3 Selected Cooperative Agreements 287

LIST OF CHARTS

SECTION III -- OVERVIEW
1 Gross Domestic Product per Capita and Elevator Demand
per Urban Resident Relationship, 2014 33
2 World Passenger/Freight Elevator Market, 2014 43
3 Interregional Trade in Elevator Equipment, 2014 63
SECTION VIII -- INDUSTRY STRUCTURE
1 World Elevator Market Share, 2014 272

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