Elevators and Escalators Market by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine-room-less, Hydraulic), End-use Industry, and Region – Global Forecast To 2031

1 INTRODUCTION 31 1.1 STUDY OBJECTIVES 31 1.2 MARKET DEFINITION 31 1.3 STUDY SCOPE 32 1.3.1 MARKETS COVERED AND REGIONAL SCOPE 32 1.3.2 INCLUSIONS AND EXCLUSIONS 32 1.3.3 YEARS CONSIDERED 33 1.3.4 CURRENCY CONSIDERED 33 1.3.5 UNIT CONSIDERED 33 1.4 STAKEHOLDERS 34 1.5 SUMMARY OF CHANGES 34 2 EXECUTIVE SUMMARY 35 2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 35 2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS 36 2.3 DISRUPTIVE TRENDS SHAPING ELEVATORS AND ESCALATORS MARKET 37 2.4 HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS 38 2.5 SNAPSHOT: GLOBAL MARKET SIZE AND FORECAST 39 3 PREMIUM INSIGHTS 40 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELEVATORS AND ESCALATORS MARKET 40 3.2 ELEVATORS AND ESCALATORS MARKET, BY MATERIAL AND REGION 41 3.3 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 41 3.4 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 42 3.5 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 42 3.6 ELEVATORS AND ESCALATORS MARKET, BY COUNTRY 43 4 MARKET OVERVIEW 44 4.1 INTRODUCTION 44 4.2 MARKET DYNAMICS 45 4.2.1 DRIVERS 45 4.2.1.1 Increasing focus on energy efficiency in buildings 45 4.2.1.2 Healthcare infrastructure expansion and aging demographics 46 4.2.1.3 Increasing investments in smart cities and infrastructure development 48 4.2.2 RESTRAINTS 49 4.2.2.1 High maintenance cost 49 4.2.2.2 Uncertainty and risk regarding global economy 49   4.2.3 OPPORTUNITIES 50 4.2.3.1 Technological advancements and innovation 50 4.2.3.2 Adoption of green building codes and energy-efficient products 51 4.2.4 CHALLENGES 51 4.2.4.1 Compliance with standards and regulations 51 4.3 UNMET NEEDS AND WHITE SPACES 52 4.3.1 UNMET NEEDS IN ELEVATORS AND ESCALATORS MARKET 52 4.3.1.1 Growing need for smart and predictive maintenance solutions 52 4.3.1.2 Need for cost-effective modernization of aging elevator infrastructure 52 4.3.1.3 Lack of accessibility-focused vertical mobility solutions in existing buildings 52 4.3.1.4 Growing demand for energy-efficient and sustainable elevator systems 52 4.3.2 WHITE SPACE OPPORTUNITIES 53 4.3.2.1 Expansion into high-growth emerging economies 53 4.3.2.2 Growth opportunities in smart and energy-efficient elevator solutions 53 4.3.2.3 Increasing modernization and maintenance demand in aging infrastructure 53 4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 53 4.4.1 INTERCONNECTED MARKETS 53 4.4.2 CROSS-SECTOR OPPORTUNITIES 54 4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 55 4.5.1 TIER 1 PLAYERS: GLOBAL LEADERS DRIVING EXPANSION AND PRODUCT INNOVATION 55 4.5.1.1 Otis Worldwide Corporation acquires WeMaintain to strengthen digital service capabilities 55 4.5.1.2 Schindler signs master services and supplies agreement with Accor to expand service footprint across Asia 55 4.5.1.3 Kone Corporation and TKE agree to merge operations through vertical Topco transaction 56 5 INDUSTRY TRENDS 57 5.1 PORTER’S FIVE FORCES ANALYSIS 57 5.1.1 THREAT OF NEW ENTRANTS 58 5.1.2 THREAT OF SUBSTITUTES 58 5.1.3 BARGAINING POWER OF SUPPLIERS 58 5.1.4 BARGAINING POWER OF BUYERS 59 5.1.5 INTENSITY OF COMPETITIVE RIVALRY 59 5.2 MACROECONOMIC OUTLOOK 60 5.2.1 INTRODUCTION 60 5.2.2 GDP TRENDS AND FORECASTS 61 5.3 VALUE CHAIN ANALYSIS 61 5.4 ECOSYSTEM ANALYSIS 63   5.5 PRICING ANALYSIS 65 5.5.1 AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE 65 5.5.2 RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE) 65 5.5.3 FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS 65 5.6 TRADE ANALYSIS 66 5.6.1 EXPORT SCENARIO (HS CODE 8428) 66 5.6.2 IMPORT SCENARIO (HS CODE 8428) 67 5.7 KEY CONFERENCES AND EVENTS, 2026–2027 68 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69 5.9 INVESTMENT AND FUNDING SCENARIO 70 5.10 CASE STUDY ANALYSIS 71 5.10.1 HONEYWELL: CORPORATE OFFICE RENOVATIONS 71 5.10.2 KONE CORPORATION: 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA 71 5.11 IMPACT OF US TARIFFS—ELEVATORS AND ESCALATORS MARKET 72 5.11.1 INTRODUCTION 72 5.11.2 KEY TARIFF RATES 72 5.11.3 PRICE IMPACT ANALYSIS 73 5.11.4 IMPACT ON KEY COUNTRIES/REGIONS 73 5.11.4.1 US 73 5.11.4.2 Europe 73 5.11.4.3 Asia Pacific 74 5.11.5 IMPACT ON END-USE INDUSTRIES 74 6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTIONS 75 6.1 KEY EMERGING TECHNOLOGIES 75 6.1.1 INTUITIVE ELEVATOR TECHNOLOGY 75 6.1.2 CABLE-FREE SMART ELEVATORS 75 6.2 COMPLEMENTARY TECHNOLOGIES 75 6.2.1 TOUCHLESS INTERFACE 75 6.2.2 INTERNET OF THINGS (IOT) AND 5G TECHNOLOGY 76 6.3 ADJACENT TECHNOLOGIES 76 6.3.1 AI FOR TRAFFIC MANAGEMENT 76 6.3.2 AUGMENTED REALITY FOR MAINTENANCE 76 6.4 TECHNOLOGY/PRODUCT ROADMAP 77 6.4.1 SHORT-TERM (2025–2027) |SMART CONNECTIVITY AND OPERATIONAL EFFICIENCY PHASE 77 6.4.2 MID-TERM (2027–2030) | SMART MOBILITY AND DIGITAL ECOSYSTEM EXPANSION 78 6.4.3 LONG-TERM (2030–2035+) |FULLY CIRCULAR, INTELLIGENT, AND ADAPTIVE PACKAGING SYSTEMS 79 6.5 PATENT ANALYSIS 80 6.5.1 INTRODUCTION 80 6.5.2 METHODOLOGY 80 6.5.3 ELEVATORS AND ESCALATORS MARKET, PATENT ANALYSIS, 2016–2025 80 6.6 FUTURE APPLICATIONS 84 6.6.1 SMART AND INTELLIGENT VERTICAL MOBILITY SYSTEMS 84 6.7 IMPACT OF AI/GEN AI ON ELEVATORS AND ESCALATORS MARKET 85 6.7.1 TOP USE CASES AND MARKET POTENTIAL 85 6.7.2 BEST PRACTICES IN ELEVATORS AND ESCALATORS 86 6.7.3 CASE STUDIES OF AI IMPLEMENTATION IN ELEVATORS AND ESCALATORS MARKET 88 6.7.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 88 6.7.5 CLIENTS' READINESS TO ADOPT GENERATIVE AI IN ELEVATORS AND ESCALATORS MARKET 89 6.8 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 89 6.8.1 FUJITEC: ADVANCED ELEVATOR AND ESCALATOR SOLUTIONS FOR MODERN COMMERCIAL DEVELOPMENTS 89 6.8.2 TK ELEVATOR: MODERNIZING VERTICAL MOBILITY AT BAYSHORE HOTEL, DALIAN, CHINA 90 6.8.3 OTIS: ADVANCED VERTICAL MOBILITY SOLUTIONS FOR MAJOR SPORTS STADIUMS AND ARENAS 90 6.8.4 SCHINDLER: WUSHAN GODDESS ESCALATOR – WORLD'S LONGEST OUTDOOR ESCALATOR SYSTEM 91 7 SUSTAINABILITY AND REGULATORY LANDSCAPE 92 7.1 REGIONAL REGULATIONS AND COMPLIANCE 92 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 92 7.1.2 INDUSTRY STANDARDS 96 7.2 SUSTAINABILITY INITIATIVES 97 7.2.1 KONE STRENGTHENS SUSTAINABILITY LEADERSHIP THROUGH CLIMATE ACTION AND ENERGY-EFFICIENT ELEVATOR TECHNOLOGIES 98 7.2.2 CARBON IMPACT AND ECO-APPLICATIONS OF ELEVATORS AND ESCALATORS 98 7.2.2.1 Carbon impact reduction 99 7.2.2.2 Eco-applications 100 7.2.3 KONE ADVANCES SUSTAINABILITY THROUGH ENERGY-EFFICIENT ELEVATOR AND ESCALATOR TECHNOLOGIES 100 7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 101 7.3.1 REGULATORY COMPLIANCE AND MODERNIZATION IN INDIA 102 7.3.2 REGULATORY SPOTLIGHT: BUREAU OF INDIAN STANDARDS (BIS) 102 7.3.3 TK ELEVATOR SUPPORTS SAFE AND COMPLIANT ELEVATOR MODERNIZATION IN INDIA 103 7.4 CERTIFICATIONS, LABELING, ECO-STANDARDS 103   8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 105 8.1 DECISION-MAKING PROCESS 105 8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND EVALUATION CRITERIA 106 8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 106 8.2.2 BUYING CRITERIA 107 8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 108 8.4 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES 109 8.5 MARKET PROFITABILITY 111 8.5.1 REVENUE POTENTIAL 111 8.5.2 COST DYNAMICS 111 8.6 MARGIN OPPORTUNITIES, BY END-USE INDUSTRY 112 9 ELEVATORS AND ESCALATORS MARKET, BY TYPE 113 9.1 INTRODUCTION 114 9.2 ELEVATORS 115 9.2.1 DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS 115 9.2.2 PASSENGER ELEVATORS 116 9.2.2.1 Bed elevators 116 9.2.2.2 Service elevators 116 9.2.2.3 Observation elevators 116 9.2.2.4 Residential elevators 116 9.2.3 FREIGHT ELEVATORS 117 9.2.3.1 Dumbwaiters 117 9.2.3.2 Vehicle elevators 117 9.2.4 OTHER ELEVATOR TYPES 117 9.3 ESCALATORS 117 9.3.1 RISING URBANIZATION AND COMMERCIAL DEVELOPMENT 117 9.4 MOVING WALKWAYS 118 9.4.1 INCREASING NUMBER OF AIRPORTS AND SHOPPING MALLS 118 10 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 119 10.1 INTRODUCTION 120 10.2 TRACTION ELEVATORS 122 10.2.1 LIGHTWEIGHT PROPERTY TO DRIVE MARKET 122 10.3 MACHINE-ROOM-LESS TRACTION ELEVATORS 122 10.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY TO DRIVE MARKET 122 10.4 HYDRAULIC ELEVATORS 123 10.4.1 TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET 123   11 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 124 11.1 INTRODUCTION 125 11.2 NEW INSTALLATION 126 11.2.1 RISING CONSTRUCTION ACTIVITIES TO DRIVE MARKET 126 11.3 MAINTENANCE & REPAIR 127 11.3.1 GROWING CONCERNS REGARDING AGING ELEVATORS TO DRIVE MARKET 127 11.4 MODERNIZATION 127 11.4.1 NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET 127 12 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 128 12.1 INTRODUCTION 129 12.2 RESIDENTIAL 131 12.2.1 GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION TO DRIVE MARKET 131 12.3 COMMERCIAL 131 12.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO DRIVE MARKET 131 12.4 INSTITUTIONAL 132 12.4.1 RISING DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET 132 12.5 INFRASTRUCTURE 132 12.5.1 RAPID URBANIZATION TO DRIVE MARKET 132 12.6 OTHER END-USE INDUSTRIES 133 13 ELEVATORS AND ESCALATORS MARKET, BY REGION 134 13.1 INTRODUCTION 135 13.2 ASIA PACIFIC 137 13.2.1 CHINA 142 13.2.1.1 Large-scale urban renewal and residential community renovation programs 142 13.2.2 JAPAN 145 13.2.2.1 Rising investments in earthquake-resistant and disaster-resilient vertical transportation systems 145 13.2.3 INDIA 148 13.2.3.1 Rapid urbanization and expansion of residential real estate 148 13.2.4 SOUTH KOREA 152 13.2.4.1 Modernization of aging buildings 152 13.2.5 REST OF ASIA PACIFIC 155 13.3 NORTH AMERICA 158 13.3.1 US 163 13.3.1.1 Increase in infrastructure development projects 163 13.3.2 CANADA 166 13.3.2.1 Growth of aging population to drive market 166   13.3.3 MEXICO 170 13.3.3.1 Booming tourism industry to support market growth 170 13.4 EUROPE 173 13.4.1 GERMANY 177 13.4.1.1 Emphasis on modernization, infrastructure development, and stringent safety standards 177 13.4.2 FRANCE 180 13.4.2.1 Regulatory frameworks and architectural needs to drive demand 180 13.4.3 UK 183 13.4.3.1 Development of smart cities and new technologies 183 13.4.4 ITALY 186 13.4.4.1 Tourism and hospitality sector expansion 186 13.4.5 SPAIN 189 13.4.5.1 Government regulations and safety standards governing construction and real estate sectors 189 13.4.6 REST OF EUROPE 192 13.5 MIDDLE EAST & AFRICA 195 13.5.1 GCC COUNTRIES 199 13.5.1.1 Saudi Arabia 202 13.5.1.1.1 Vision 2030 mega projects to drive market 202 13.5.1.2 UAE 205 13.5.1.2.1 Industrial growth and rise in tourism 205 13.5.1.3 Rest of GCC countries 208 13.5.2 REST OF MIDDLE EAST & AFRICA 211 13.6 SOUTH AMERICA 214 13.6.1 BRAZIL 218 13.6.1.1 Rapid urbanization and vertical housing development 218 13.6.2 ARGENTINA 221 13.6.2.1 Increase in energy-efficient building renovations 221 13.6.3 REST OF SOUTH AMERICA 224 14 COMPETITIVE LANDSCAPE 228 14.1 OVERVIEW 228 14.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN, 2021–2026 228 14.3 REVENUE ANALYSIS, 2021–2025 230 14.4 MARKET SHARE ANALYSIS, 2025 230 14.5 COMPANY VALUATION AND FINANCIAL METRICS 234 14.6 BRAND/PRODUCT COMPARISON 235 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 236 14.7.1 STARS 236 14.7.2 EMERGING LEADERS 236 14.7.3 PERVASIVE PLAYERS 237 14.7.4 PARTICIPANTS 237 14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2025 238 14.7.5.1 Company footprint 238 14.7.5.2 Region footprint 238 14.7.5.3 Type footprint 239 14.7.5.4 Elevator technology footprint 239 14.7.5.5 Service footprint 240 14.7.5.6 End-use industry footprint 240 14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 241 14.8.1 PROGRESSIVE COMPANIES 241 14.8.2 RESPONSIVE COMPANIES 241 14.8.3 DYNAMIC COMPANIES 241 14.8.4 STARTING BLOCKS 241 14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025 242 14.8.5.1 Detailed list of key startups/SMEs 242 14.8.6 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 244 14.9 COMPETITIVE SCENARIO 246 14.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 246 14.9.2 DEALS 247 14.9.3 EXPANSIONS 253 14.9.4 OTHER DEVELOPMENTS 255 15 COMPANY PROFILES 264 15.1 KEY PLAYERS 264 15.1.1 OTIS WORLDWIDE CORPORATION 264 15.1.1.1 Business overview 264 15.1.1.2 Products/Solutions/Services offered 265 15.1.1.3 Recent developments 266 15.1.1.3.1 Product launches 266 15.1.1.3.2 Deals 267 15.1.1.3.3 Expansions 268 15.1.1.3.4 Others 268 15.1.1.4 MnM view 271 15.1.1.4.1 Key strengths 271 15.1.1.4.2 Strategic choices 272 15.1.1.4.3 Weaknesses and competitive threats 272 15.1.2 SCHINDLER 273 15.1.2.1 Business overview 273 15.1.2.2 Products/Solutions/Services offered 274 15.1.2.3 Recent developments 275 15.1.2.3.1 Product launches 275 15.1.2.3.2 Deals 276 15.1.2.3.3 Others 277 15.1.2.4 MnM view 278 15.1.2.4.1 Key strengths 278 15.1.2.4.2 Strategic choices 278 15.1.2.4.3 Weaknesses and competitive threats 278 15.1.3 KONE CORPORATION 279 15.1.3.1 Business overview 279 15.1.3.2 Products/Solutions/Services offered 280 15.1.3.3 Recent developments 281 15.1.3.3.1 Deals 281 15.1.3.3.2 Expansions 282 15.1.3.3.3 Others 282 15.1.3.4 MnM view 285 15.1.3.4.1 Key strengths 285 15.1.3.4.2 Strategic choices 286 15.1.3.4.3 Weaknesses and competitive threats 286 15.1.4 HITACHI, LTD. 287 15.1.4.1 Business overview 287 15.1.4.2 Products/Solutions/Services offered 288 15.1.4.3 Recent developments 289 15.1.4.3.1 Product launches 289 15.1.4.3.2 Deals 290 15.1.4.3.3 Expansions 290 15.1.4.3.4 Others 290 15.1.4.4 MnM view 292 15.1.4.4.1 Key strengths 292 15.1.4.4.2 Strategic choices 292 15.1.4.4.3 Weaknesses and competitive threats 292 15.1.5 HYUNDAI ELEVATOR CO., LTD. 293 15.1.5.1 Business overview 293 15.1.5.2 Products/Solutions/Services offered 294 15.1.5.3 Recent developments 295 15.1.5.3.1 Product launches 295 15.1.5.3.2 Deals 295 15.1.5.3.3 Expansions 297 15.1.5.3.4 Others 297 15.1.5.4 MnM view 298 15.1.5.4.1 Key strengths 298 15.1.5.4.2 Strategic choices 298 15.1.5.4.3 Weaknesses and competitive threats 298 15.1.6 FUJITEC CO., LTD. 299 15.1.6.1 Business overview 299 15.1.6.2 Products/Solutions/Services offered 300 15.1.6.3 Recent developments 301 15.1.6.3.1 Product launches 301 15.1.6.3.2 Expansions 301 15.1.6.3.3 Others 302 15.1.6.4 MnM view 304 15.1.7 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION 305 15.1.7.1 Business overview 305 15.1.7.2 Products/Solutions/Services offered 305 15.1.7.3 Recent developments 306 15.1.7.3.1 Deals 306 15.1.7.3.2 Others 306 15.1.7.4 MnM view 306 15.1.8 MITSUBISHI ELECTRIC CORPORATION 307 15.1.8.1 Business overview 307 15.1.8.2 Products/Solutions/Services offered 308 15.1.8.3 Recent developments 310 15.1.8.3.1 Product launches 310 15.1.8.3.2 Deals 310 15.1.8.3.3 Others 311 15.1.8.4 MnM view 311 15.1.9 TK ELEVATOR 312 15.1.9.1 Business overview 312 15.1.9.2 Products/Solutions/Services offered 312 15.1.9.3 Recent developments 314 15.1.9.3.1 Product launches 314 15.1.9.3.2 Deals 314 15.1.9.3.3 Expansions 316 15.1.9.3.4 Others 316 15.1.9.4 MnM view 318 15.1.10 SJEC CORPORATION 319 15.1.10.1 Business overview 319 15.1.10.2 Products/Solutions/Services offered 319 15.1.10.3 MnM view 320 15.2 OTHER PLAYERS 321 15.2.1 KLEEMANN 321 15.2.2 SIGMA ELEVATORS 322 15.2.3 WEMAINTAIN 323 15.2.4 ESCON ELEVATORS 324 15.2.5 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD. 324 15.2.6 ORONA 325 15.2.7 EITA ELEVATOR 326 15.2.8 GLARIE ELEVATOR 326 15.2.9 AARON INDUSTRIES LTD. 327 15.2.10 LEO ELEVATORS 327 15.2.11 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED 328 15.2.12 STANNAH GROUP 329 15.2.13 CIBES LIFT 330 15.2.14 WALTON GROUP 331 15.2.15 EXPEDITE AUTOMATION LLP 332 15.2.16 LIFT AI VENTURES INC. 333 16 RESEARCH METHODOLOGY 334 16.1 RESEARCH DATA 334 16.1.1 SECONDARY DATA 334 16.1.1.1 Key data from secondary sources 335 16.1.2 PRIMARY DATA 335 16.1.2.1 Key data from primary sources 336 16.2 MARKET SIZE ESTIMATION 337 16.3 DATA TRIANGULATION 339 16.4 RESEARCH ASSUMPTIONS 340 16.5 RISK ASSESSMENT 340 16.6 GROWTH RATE ASSUMPTIONS 340 17 APPENDIX 341 17.1 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 345 17.2 CUSTOMIZATION OPTIONS 347 17.3 RELATED REPORTS 347 17.4 AUTHOR DETAILS 348

TABLE 1 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 57 TABLE 2 GLOBAL GDP GROWTH PROJECTION, BY REGION, 2021–2028 (USD TRILLION) 61 TABLE 3 ELEVATORS AND ESCALATORS MARKET: ROLES OF COMPANIES IN ECOSYSTEM 64 TABLE 4 AVERAGE SELLING PRICE OF ELEVATORS, BY TYPE (PER UNIT) 65 TABLE 5 EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD MILLION) 67 TABLE 6 IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD MILLION) 68 TABLE 7 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2026–2027 68 TABLE 8 ELEVATORS AND ESCALATORS MARKET: LIST OF KEY PATENTS, 2025 82 TABLE 9 TOP USE CASES AND MARKET POTENTIAL 85 TABLE 10 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES 86 TABLE 11 ELEVATORS AND ESCALATORS MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION 88 TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 92 TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93 TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94 TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96 TABLE 16 GLOBAL INDUSTRY STANDARDS IN ELEVATORS AND ESCALATORS MARKET 97 TABLE 17 CERTIFICATIONS, LABELING, ECO-STANDARDS IN ELEVATORS AND ESCALATORS MARKET 104 TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%) 107 TABLE 19 KEY BUYING CRITERIA, BY END-USE INDUSTRY 107 TABLE 20 UNMET NEEDS IN ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 110 TABLE 21 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 114 TABLE 22 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 115 TABLE 23 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 115 TABLE 24 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 115 TABLE 25 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2021–2023 (USD MILLION) 120 TABLE 26 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2024–2031 (USD MILLION) 121 TABLE 27 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2021–2023 (THOUSAND UNITS) 121 TABLE 28 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2024–2031 (THOUSAND UNITS) 121 TABLE 29 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2021–2023 (USD MILLION) 125 TABLE 30 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2031 (USD MILLION) 126 TABLE 31 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2021–2023 (THOUSAND UNITS) 126 TABLE 32 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2031 (THOUSAND UNITS) 126 TABLE 33 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 129 TABLE 34 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 130 TABLE 35 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 130 TABLE 36 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 130 TABLE 37 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2021–2023 (USD MILLION) 135 TABLE 38 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2031 (USD MILLION) 136 TABLE 39 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS) 136 TABLE 40 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2031 (THOUSAND UNITS) 136 TABLE 41 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 138 TABLE 42 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 138 TABLE 43 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 138 TABLE 44 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 139 TABLE 45 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 139 TABLE 46 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 139 TABLE 47 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 140 TABLE 48 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 140 TABLE 49 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 140 TABLE 50 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 141 TABLE 51 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 141 TABLE 52 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 141 TABLE 53 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 143 TABLE 54 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 143 TABLE 55 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 143 TABLE 56 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 143 TABLE 57 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 144 TABLE 58 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 144 TABLE 59 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 144 TABLE 60 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 145 TABLE 61 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 146 TABLE 62 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 146 TABLE 63 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 146 TABLE 64 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 147 TABLE 65 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 147 TABLE 66 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 147 TABLE 67 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 148 TABLE 68 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 148 TABLE 69 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 150 TABLE 70 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 150 TABLE 71 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 150 TABLE 72 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 150 TABLE 73 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 151 TABLE 74 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 151 TABLE 75 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 151 TABLE 76 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 152 TABLE 77 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 153 TABLE 78 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 153 TABLE 79 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 153 TABLE 80 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 154 TABLE 81 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 154 TABLE 82 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 154 TABLE 83 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 155 TABLE 84 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 155 TABLE 85 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 156 TABLE 86 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 156 TABLE 87 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 156 TABLE 88 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 156 TABLE 89 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 157 TABLE 90 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 157 TABLE 91 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 157 TABLE 92 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 158 TABLE 93 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 159 TABLE 94 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 159 TABLE 95 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 160 TABLE 96 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 160 TABLE 97 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 160 TABLE 98 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 160 TABLE 99 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 161 TABLE 100 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 161 TABLE 101 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 161 TABLE 102 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 162 TABLE 103 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 162 TABLE 104 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 162 TABLE 105 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 164 TABLE 106 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 164 TABLE 107 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 164 TABLE 108 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 164 TABLE 109 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 165 TABLE 110 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 165 TABLE 111 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 165 TABLE 112 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 166 TABLE 113 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 167 TABLE 114 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 167 TABLE 115 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 168 TABLE 116 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 168 TABLE 117 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 168 TABLE 118 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 169 TABLE 119 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 169 TABLE 120 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 169 TABLE 121 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 170 TABLE 122 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 171 TABLE 123 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 171 TABLE 124 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 171 TABLE 125 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 171 TABLE 126 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 172 TABLE 127 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 172 TABLE 128 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 172 TABLE 129 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 173 TABLE 130 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 173 TABLE 131 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 174 TABLE 132 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 174 TABLE 133 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 174 TABLE 134 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 175 TABLE 135 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 175 TABLE 136 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 175 TABLE 137 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 175 TABLE 138 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 176 TABLE 139 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 176 TABLE 140 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 176 TABLE 141 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 177 TABLE 142 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 178 TABLE 143 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 178 TABLE 144 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 178 TABLE 145 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 178 TABLE 146 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 179 TABLE 147 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 179 TABLE 148 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 179 TABLE 149 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 180 TABLE 150 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 181 TABLE 151 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 181 TABLE 152 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 181 TABLE 153 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 181 TABLE 154 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 182 TABLE 155 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 182 TABLE 156 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 182 TABLE 157 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 183 TABLE 158 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 183 TABLE 159 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 184 TABLE 160 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 184 TABLE 161 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 184 TABLE 162 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 185 TABLE 163 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 185 TABLE 164 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 185 TABLE 165 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 186 TABLE 166 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 187 TABLE 167 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 187 TABLE 168 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 187 TABLE 169 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 187 TABLE 170 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 188 TABLE 171 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 188 TABLE 172 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 188 TABLE 173 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 189 TABLE 174 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 190 TABLE 175 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 190 TABLE 176 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 190 TABLE 177 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 190 TABLE 178 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 191 TABLE 179 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 191 TABLE 180 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 191 TABLE 181 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 192 TABLE 182 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 192 TABLE 183 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 193 TABLE 184 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 193 TABLE 185 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 193 TABLE 186 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 194 TABLE 187 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 194 TABLE 188 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 194 TABLE 189 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 195 TABLE 190 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 195 TABLE 191 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 196 TABLE 192 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 196 TABLE 193 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 196 TABLE 194 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 197 TABLE 195 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 197 TABLE 196 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 197 TABLE 197 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 198 TABLE 198 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 198 TABLE 199 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 198 TABLE 200 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 199 TABLE 201 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 199 TABLE 202 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 200 TABLE 203 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 200 TABLE 204 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 200 TABLE 205 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 201 TABLE 206 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 201 TABLE 207 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 201 TABLE 208 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 202 TABLE 209 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 203 TABLE 210 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 203 TABLE 211 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 203 TABLE 212 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 204 TABLE 213 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 204 TABLE 214 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 204 TABLE 215 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 205 TABLE 216 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 205 TABLE 217 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 206 TABLE 218 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 206 TABLE 219 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 206 TABLE 220 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 207 TABLE 221 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 207 TABLE 222 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 207 TABLE 223 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 208 TABLE 224 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 208 TABLE 225 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 209 TABLE 226 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 209 TABLE 227 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 209 TABLE 228 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 209 TABLE 229 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 210 TABLE 230 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 210 TABLE 231 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 210 TABLE 232 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 211 TABLE 233 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 211 TABLE 234 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 212 TABLE 235 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 212 TABLE 236 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 212 TABLE 237 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 213 TABLE 238 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 213 TABLE 239 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 213 TABLE 240 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 214 TABLE 241 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 214 TABLE 242 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 215 TABLE 243 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 215 TABLE 244 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 215 TABLE 245 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 215 TABLE 246 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 216 TABLE 247 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 216 TABLE 248 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 216 TABLE 249 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 217 TABLE 250 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 217 TABLE 251 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 217 TABLE 252 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 218 TABLE 253 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 219 TABLE 254 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 219 TABLE 255 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 219 TABLE 256 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 220 TABLE 257 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 220 TABLE 258 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 220 TABLE 259 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 221 TABLE 260 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 221 TABLE 261 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 222 TABLE 262 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 222 TABLE 263 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 222 TABLE 264 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 223 TABLE 265 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 223 TABLE 266 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 223 TABLE 267 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 224 TABLE 268 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 224 TABLE 269 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 225 TABLE 270 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 225 TABLE 271 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 225 TABLE 272 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 225 TABLE 273 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 226 TABLE 274 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 226 TABLE 275 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 226 TABLE 276 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 227 TABLE 277 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2026 228 TABLE 278 ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION 232 TABLE 279 REGION FOOTPRINT 238 TABLE 280 TYPE FOOTPRINT 239 TABLE 281 ELEVATOR TECHNOLOGY FOOTPRINT 239 TABLE 282 SERVICE FOOTPRINT 240 TABLE 283 END-USE INDUSTRY FOOTPRINT 240 TABLE 284 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 242 TABLE 285 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (1/2) 244 TABLE 286 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (2/2) 245 TABLE 287 ELEVATORS AND ESCALATORS MARKET: PRODUCT LAUNCHES, 2021–2026 246 TABLE 288 ELEVATORS AND ESCALATORS MARKET: DEALS, 2021–2026 248 TABLE 289 ELEVATORS AND ESCALATORS MARKET: EXPANSIONS, 2021–2026 253 TABLE 290 ELEVATORS AND ESCALATORS MARKET: OTHER DEVELOPMENTS, 2021–2026 255 TABLE 291 OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW 264 TABLE 292 OTIS WORLDWIDE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265 TABLE 293 OTIS WORLDWIDE CORPORATION: PRODUCT LAUNCHES 266 TABLE 294 OTIS WORLDWIDE CORPORATION: DEALS 267 TABLE 295 OTIS WORLDWIDE CORPORATION: EXPANSIONS 268 TABLE 296 OTIS WORLDWIDE CORPORATION: OTHERS 268 TABLE 297 SCHINDLER: COMPANY OVERVIEW 273 TABLE 298 SCHINDLER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274 TABLE 299 SCHINDLER: PRODUCT LAUNCHES 275 TABLE 300 SCHINDLER: DEALS 276 TABLE 301 SCHINDLER: OTHERS 277 TABLE 302 KONE CORPORATION: COMPANY OVERVIEW 279 TABLE 303 KONE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 280 TABLE 304 KONE CORPORATION: DEALS 281 TABLE 305 KONE CORPORATION: EXPANSIONS 282 TABLE 306 KONE CORPORATION: OTHERS 282 TABLE 307 HITACHI, LTD.: COMPANY OVERVIEW 287 TABLE 308 HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288 TABLE 309 HITACHI, LTD.: PRODUCT LAUNCHES 289 TABLE 310 HITACHI, LTD.: DEALS 290 TABLE 311 HITACHI, LTD.: EXPANSIONS 290 TABLE 312 HITACHI, LTD.: OTHERS 290 TABLE 313 HYUNDAI ELEVATOR CO., LTD.: COMPANY OVERVIEW 293 TABLE 314 HYUNDAI ELEVATOR CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294 TABLE 315 HYUNDAI ELEVATOR CO., LTD.: PRODUCT LAUNCHES 295 TABLE 316 HYUNDAI ELEVATOR CO., LTD.: DEALS 295 TABLE 317 HYUNDAI ELEVATOR CO., LTD.: EXPANSIONS 297 TABLE 318 HYUNDAI ELEVATOR CO., LTD.: OTHERS 297 TABLE 319 FUJITEC CO., LTD.: COMPANY OVERVIEW 299 TABLE 320 FUJITEC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 300 TABLE 321 FUJITEC CO., LTD.: PRODUCT LAUNCHES 301 TABLE 322 FUJITEC CO., LTD.: EXPANSIONS 301 TABLE 323 FUJITEC CO., LTD.: OTHERS 302 TABLE 324 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: COMPANY OVERVIEW 305 TABLE 325 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 305 TABLE 326 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: DEALS 306 TABLE 327 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: OTHERS 306 TABLE 328 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 307 TABLE 329 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 308 TABLE 330 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 310 TABLE 331 MITSUBISHI ELECTRIC CORPORATION: DEALS 310 TABLE 332 MITSUBISHI ELECTRIC CORPORATION: OTHERS 311 TABLE 333 TK ELEVATOR: COMPANY OVERVIEW 312 TABLE 334 TK ELEVATOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 312 TABLE 335 TK ELEVATOR: PRODUCT LAUNCHES 314 TABLE 336 TK ELEVATOR: DEALS 314 TABLE 337 TK ELEVATOR: EXPANSIONS 316 TABLE 338 TK ELEVATOR: OTHERS 316 TABLE 339 SJEC CORPORATION: COMPANY OVERVIEW 319 TABLE 340 SJEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319 TABLE 341 KLEEMANN: COMPANY OVERVIEW 321 TABLE 342 SIGMA ELEVATORS: COMPANY OVERVIEW 322 TABLE 343 WEMAINTAIN: COMPANY OVERVIEW 323 TABLE 344 ESCON ELEVATORS: COMPANY OVERVIEW 324 TABLE 345 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.: COMPANY OVERVIEW 324 TABLE 346 ORONA: COMPANY OVERVIEW 325 TABLE 347 EITA ELEVATOR: COMPANY OVERVIEW 326 TABLE 348 GLARIE ELEVATOR: COMPANY OVERVIEW 326 TABLE 349 AARON INDUSTRIES LTD.: COMPANY OVERVIEW 327 TABLE 350 LEO ELEVATORS: COMPANY OVERVIEW 327 TABLE 351 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW 328 TABLE 352 STANNAH GROUP: COMPANY OVERVIEW 329 TABLE 353 CIBES LIFT: COMPANY OVERVIEW 330 TABLE 354 WALTON GROUP: COMPANY OVERVIEW 331 TABLE 355 EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW 332 TABLE 356 LIFT AI VENTURES INC.: COMPANY OVERVIEW 333 FIGURE 1 ELEVATORS AND ESCALATORS: MARKET SEGMENTATION AND REGIONAL SCOPE 32 FIGURE 2 KEY INSIGHTS AND MARKET HIGHLIGHTS 35 FIGURE 3 GLOBAL ELEVATORS AND ESCALATORS MARKET, 2021–2031 35 FIGURE 4 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN ELEVATORS AND ESCALATORS MARKET (2021–2026) 36 FIGURE 5 DISRUPTIVE TRENDS IMPACTING GROWTH OF ELEVATORS AND ESCALATORS MARKET 37 FIGURE 6 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS IN ELEVATORS & ESCALATORS MARKET, 2026–2031 38 FIGURE 7 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2025 39 FIGURE 8 INCREASING INVESTMENTS IN SMART BUILDINGS AND MODERNIZATION PROJECTS ACCELERATING ELEVATORS & ESCALATORS MARKET EXPANSION 40 FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2025 41 FIGURE 10 TRACTION ELEVATORS DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2025 41 FIGURE 11 MAINTENANCE & REPAIR ACCOUNTED FOR LARGEST SHARE OF ELEVATORS AND ESCALATORS MARKET IN 2025 42 FIGURE 12 RESIDENTIAL SEGMENT DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2025 42 FIGURE 13 US TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 43 FIGURE 14 ELEVATORS AND ESCALATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 45 FIGURE 15 ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL SECTORS, 1950–2025 46 FIGURE 16 GLOBAL AGING POPULATION (% INCREASE), 1970–2024 47 FIGURE 17 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 57 FIGURE 18 ELEVATORS AND ESCALATORS MARKET: VALUE CHAIN ANALYSIS 62 FIGURE 19 ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM ANALYSIS 64 FIGURE 20 EXPORT SCENARIO FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 66 FIGURE 21 IMPORT SCENARIO FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 67 FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 70 FIGURE 23 INVESTMENT AND FUNDING SCENARIO, 2019–2025 71 FIGURE 24 LIST OF MAJOR PATENTS FOR ELEVATORS AND ESCALATORS, 2016–2025 81 FIGURE 25 MAJOR PATENTS APPLIED AND GRANTED RELATED TO ELEVATORS AND ESCALATORS, BY COUNTRY/REGION, 2016–2025 81 FIGURE 26 ELEVATORS AND ESCALATORS MARKET: DECISION-MAKING FACTORS 106 FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 106 FIGURE 28 KEY BUYING CRITERIA, BY END-USE INDUSTRY 107 FIGURE 29 ADOPTION BARRIERS & INTERNAL CHALLENGES 109 FIGURE 30 ELEVATORS TO BE LEADING SEGMENT DURING FORECAST PERIOD 114 FIGURE 31 TRACTION ELEVATORS PROJECTED TO BE LARGEST SEGMENT DURING FORECAST PERIOD 120 FIGURE 32 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT DURING FORECAST PERIOD 125 FIGURE 33 RESIDENTIAL TO BE LEADING END-USE INDUSTRY OF ELEVATORS AND ESCALATORS MARKET DURING FORECAST PERIOD 129 FIGURE 34 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF ELEVATORS AND ESCALATORS MARKET DURING FORECAST PERIOD 135 FIGURE 35 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 137 FIGURE 36 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 159 FIGURE 37 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2025 230 FIGURE 38 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2025 231 FIGURE 39 COMPANY VALUATION 234 FIGURE 40 FINANCIAL MATRIX (EV/EBITDA) 234 FIGURE 41 YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA 235 FIGURE 42 BRAND/PRODUCT COMPARISON 236 FIGURE 43 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025 237 FIGURE 44 COMPANY FOOTPRINT 238 FIGURE 45 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2025 242 FIGURE 46 OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT 265 FIGURE 47 SCHINDLER: COMPANY SNAPSHOT 274 FIGURE 48 KONE CORPORATION: COMPANY SNAPSHOT 280 FIGURE 49 HITACHI, LTD.: COMPANY SNAPSHOT 288 FIGURE 50 HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT 293 FIGURE 51 FUJITEC CO., LTD.: COMPANY SNAPSHOT 300 FIGURE 52 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 308 FIGURE 53 ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN 334 FIGURE 54 STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 336 FIGURE 55 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 337 FIGURE 56 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 337 FIGURE 57 MARKET SIZE ESTIMATION: SUPPLY-SIDE 338 FIGURE 58 ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION 339