Passenger Elevators Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
Passenger Elevators Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
The Passenger Elevators Market report highlights technological advancements, investment opportunities, and regulatory frameworks shaping the industry landscape through 2030.
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The global Passenger Elevators market is expected to grow at a CAGR of 4.6% during the forecast period.
The global Passenger Elevators market is estimated to be about 33924.7 million US dollars in 2020.
The global Passenger Elevators market is estimated to reach 40554.0 million USD by 2026.
The global Passenger Elevators market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Passenger Elevators market will be able to gain an advantage as they use reports as a powerful resource.
Passenger Elevators markets by category
Elevator
Escalator
Moving Walkway
Passenger Elevators Market by Application (Percentage of Demand)
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Who are the leading companies in Passenger Elevators
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
Passenger Elevators markets by region:
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered
The United States
Canada
Germany
France
UK
Italy
Russia
China
Japan
Korea
Southeast Asia
India
Australia
Brazil
Mexico
Argentina
Chile
Colombia
Egypt
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Which is the most profitable market
Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Passenger Elevators.
What methodology did you follow in your research
This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.
Who were the primary study respondents
We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.
What are the sources of secondary research
We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Market Size Units
1.8 Review Cycle
2 Global Market Overview
2.1 Global Passenger Elevators Revenue and Growth Forecast 2014-2026
2.2 Global Passenger Elevators Market Size and Growth Forecast 2014-2026
2.3 Global Passenger Elevators Revenue by Region 2014-2026
2.4 Passenger Elevators Market Share by Major Regions 2014-2021
2.5 Passenger Elevators Gross Margin in Different Region 2014-2021
2.6 Global Passenger Elevators Market History Price and Forecast 2014-2026
2.7 Global Passenger Elevators Sales Market Share by Top Companies 2014-2021
3 Global Passenger Elevators Market by Type
3.1 Global Passenger Elevators Revenue and Growth Rate Segment by Types from 2014-2021
3.2 Global Passenger Elevators Market Size and Growth Rate Segment by Product Types from 2014-2021
3.3 Global Passenger Elevators Price Segment by Types from 2014-2021
3.4 Brief Introduction of Different Types
3.4.1 Elevator
3.4.2 Escalator
3.4.3 Moving Walkway
4 Global Passenger Elevators Market by Application
4.1 Global Passenger Elevators Revenue and Growth Rate Segment by Applications from 2014-2021
4.2 Global Passenger Elevators Market Size and Growth Rate Segment by Product Applications from 2014-2021
4.3 Brief Introduction of Different Applications
4.3.1 Residential Area
4.3.2 Commercial Office
4.3.3 Transportation Hub
4.3.4 Industrial Area
5 North America Passenger Elevators Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
5.1 North America Passenger Elevators Value ($) from 2014-2021
5.2 North America Passenger Elevators Market Size from 2014-2021
5.3 North America Passenger Elevators Price Change from 2014-2021
5.4 North America Passenger Elevators Import and Export from 2014-2021
5.5 North America Passenger Elevators Market Value ($) and Growth (%) by Type from 2014-2021
5.6 North America Passenger Elevators Market Value ($) and Growth (%) by Application from 2014-2021
5.7 North America Passenger Elevators Market Value ($) and Growth (%) by Countries from 2014-2021
5.7.1 The United States
5.7.2 Canada
5.8 Top North America Passenger Elevators Participants Value ($) and Market Share (%) in 2020
6 Europe Passenger Elevators Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
6.1 Europe Passenger Elevators Value ($) from 2014-2021
6.2 Europe Passenger Elevators Market Size from 2014-2021
6.3 Europe Passenger Elevators Price Change from 2014-2021
6.4 Europe Passenger Elevators Import and Export from 2014-2021
6.5 Europe Passenger Elevators Market Value ($) and Growth (%) by Type from 2014-2021
6.6 Europe Passenger Elevators Market Value ($) and Growth (%) by Application from 2014-2021
6.7 Europe Passenger Elevators Market Value ($) and Growth (%) by Countries from 2014-2021
6.7.1 Germany
6.7.2 France
6.7.3 UK
6.7.4 Italy
6.7.5 Russia
…
6.8 Top Europe Passenger Elevators Participants Value ($) and Market Share (%) in 2020
7 Asia-Pacific Passenger Elevators Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
7.1 Asia-Pacific Passenger Elevators Value ($) from 2014-2021
7.2 Asia-Pacific Passenger Elevators Market Size from 2014-2021
7.3 Asia-Pacific Passenger Elevators Price Change from 2014-2021
7.4 Asia-Pacific Passenger Elevators Import and Export from 2014-2021
7.5 Asia-Pacific Passenger Elevators Market Value ($) and Growth (%) by Type from 2014-2021
7.6 Asia-Pacific Passenger Elevators Market Value ($) and Growth (%) by Application from 2014-2021
7.7 Asia-Pacific Passenger Elevators Market Value ($) and Growth (%) by Countries from 2014-2021
7.7.1 China
7.7.2 Japan
7.7.3 Korea
7.7.4 Southeast Asia
7.7.5 India
7.7.6 Australia
…
7.8 Top Asia-Pacific Passenger Elevators Participants Value ($) and Market Share (%) in 2020
8 Latin America Passenger Elevators Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
8.1 Latin America Passenger Elevators Value ($) from 2014-2021
8.2 Latin America Passenger Elevators Market Size from 2014-2021
8.3 Latin America Passenger Elevators Price Change from 2014-2021
8.4 Latin America Passenger Elevators Import and Export from 2014-2021
8.5 Latin America Passenger Elevators Market Value ($) and Growth (%) by Type from 2014-2021
8.6 Latin America Passenger Elevators Market Value ($) and Growth (%) by Application from 2014-2021
8.7 Latin America Passenger Elevators Market Value ($) and Growth (%) by Countries from 2014-2021
8.7.1 Brazil
8.7.2 Mexico
8.7.3 Argentina
8.7.4 Chile
8.7.5 Colombia
…
8.8 Top Latin America Passenger Elevators Participants Value ($) and Market Share (%) in 2020
9 Middle East & Africa Passenger Elevators Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
9.1 Middle East & Africa Passenger Elevators Value ($) from 2014-2021
9.2 Middle East & Africa Passenger Elevators Market Size from 2014-2021
9.3 Middle East & Africa Passenger Elevators Price Change from 2014-2021
9.4 Middle East & Africa Passenger Elevators Import and Export from 2014-2021
9.5 Middle East & Africa Passenger Elevators Market Value ($) and Growth (%) by Type from 2014-2021
9.6 Middle East & Africa Passenger Elevators Market Value ($) and Growth (%) by Application from 2014-2021
9.7 Middle East & Africa Passenger Elevators Market Value ($) and Growth (%) by Countries from 2014-2021
9.7.1 Egypt
9.7.2 Saudi Arabia
9.7.3 United Arab Emirates
9.7.4 Nigeria
9.7.5 South Africa
…
9.8 Top Middle East & Africa Passenger Elevators Participants Value ($) and Market Share (%) in 2020
10. Global Level Competitive Intelligence – Company Profiles
10.1 Kone
10.1.1 Kone Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.1.2 Kone Sales, Value, Gross and Gross Margin from 2014-2021
10.1.3 Kone Value and Growth Change from 2014-2021
10.1.4 Kone Price Change from 2014-2021
10.1.5 Kone Product Offered
10.2 Otis
10.2.1 Otis Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.2.2 Otis Sales, Value, Gross and Gross Margin from 2014-2021
10.2.3 Otis Value and Growth Change from 2014-2021
10.2.4 Otis Price Change from 2014-2021
10.2.5 Otis Product Offered
10.3 Schindler
10.3.1 Schindler Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.3.2 Schindler Sales, Value, Gross and Gross Margin from 2014-2021
10.3.3 Schindler Value and Growth Change from 2014-2021
10.3.4 Schindler Price Change from 2014-2021
10.3.5 Schindler Product Offered
10.4 ThyssenKrupp
10.4.1 ThyssenKrupp Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.4.2 ThyssenKrupp Sales, Value, Gross and Gross Margin from 2014-2021
10.4.3 ThyssenKrupp Value and Growth Change from 2014-2021
10.4.4 ThyssenKrupp Price Change from 2014-2021
10.4.5 ThyssenKrupp Product Offered
10.5 Mitsubishi Electric
10.5.1 Mitsubishi Electric Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.5.2 Mitsubishi Electric Sales, Value, Gross and Gross Margin from 2014-2021
10.5.3 Mitsubishi Electric Value and Growth Change from 2014-2021
10.5.4 Mitsubishi Electric Price Change from 2014-2021
10.5.5 Mitsubishi Electric Product Offered
10.6 Hitachi
10.6.1 Hitachi Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.6.2 Hitachi Sales, Value, Gross and Gross Margin from 2014-2021
10.6.3 Hitachi Value and Growth Change from 2014-2021
10.6.4 Hitachi Price Change from 2014-2021
10.6.5 Hitachi Product Offered
10.7 Toshiba
10.7.1 Toshiba Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.7.2 Toshiba Sales, Value, Gross and Gross Margin from 2014-2021
10.7.3 Toshiba Value and Growth Change from 2014-2021
10.7.4 Toshiba Price Change from 2014-2021
10.7.5 Toshiba Product Offered
10.8 Hyundai
10.8.1 Hyundai Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.8.2 Hyundai Sales, Value, Gross and Gross Margin from 2014-2021
10.8.3 Hyundai Value and Growth Change from 2014-2021
10.8.4 Hyundai Price Change from 2014-2021
10.8.5 Hyundai Product Offered
10.9 Fujitec
10.9.1 Fujitec Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.9.2 Fujitec Sales, Value, Gross and Gross Margin from 2014-2021
10.9.3 Fujitec Value and Growth Change from 2014-2021
10.9.4 Fujitec Price Change from 2014-2021
10.9.5 Fujitec Product Offered
10.10 Hangzhou XiOlift
10.10.1 Hangzhou XiOlift Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.10.2 Hangzhou XiOlift Sales, Value, Gross and Gross Margin from 2014-2021
10.10.3 Hangzhou XiOlift Value and Growth Change from 2014-2021
10.10.4 Hangzhou XiOlift Price Change from 2014-2021
10.10.5 Hangzhou XiOlift Product Offered
10.11 Volkslift
10.11.1 Volkslift Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.11.2 Volkslift Sales, Value, Gross and Gross Margin from 2014-2021
10.11.3 Volkslift Value and Growth Change from 2014-2021
10.11.4 Volkslift Price Change from 2014-2021
10.11.5 Volkslift Product Offered
10.12 Yungtay Engineering
10.12.1 Yungtay Engineering Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.12.2 Yungtay Engineering Sales, Value, Gross and Gross Margin from 2014-2021
10.12.3 Yungtay Engineering Value and Growth Change from 2014-2021
10.12.4 Yungtay Engineering Price Change from 2014-2021
10.12.5 Yungtay Engineering Product Offered
10.13 Canny Elevator
10.13.1 Canny Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.13.2 Canny Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.13.3 Canny Elevator Value and Growth Change from 2014-2021
10.13.4 Canny Elevator Price Change from 2014-2021
10.13.5 Canny Elevator Product Offered
10.14 SJEC
10.14.1 SJEC Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.14.2 SJEC Sales, Value, Gross and Gross Margin from 2014-2021
10.14.3 SJEC Value and Growth Change from 2014-2021
10.14.4 SJEC Price Change from 2014-2021
10.14.5 SJEC Product Offered
10.15 Guangri Elevator
10.15.1 Guangri Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.15.2 Guangri Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.15.3 Guangri Elevator Value and Growth Change from 2014-2021
10.15.4 Guangri Elevator Price Change from 2014-2021
10.15.5 Guangri Elevator Product Offered
10.16 Edunburgh Elevator
10.16.1 Edunburgh Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.16.2 Edunburgh Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.16.3 Edunburgh Elevator Value and Growth Change from 2014-2021
10.16.4 Edunburgh Elevator Price Change from 2014-2021
10.16.5 Edunburgh Elevator Product Offered
10.17 Suzhou Diao
10.17.1 Suzhou Diao Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.17.2 Suzhou Diao Sales, Value, Gross and Gross Margin from 2014-2021
10.17.3 Suzhou Diao Value and Growth Change from 2014-2021
10.17.4 Suzhou Diao Price Change from 2014-2021
10.17.5 Suzhou Diao Product Offered
10.18 Meilun Elevator
10.18.1 Meilun Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.18.2 Meilun Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.18.3 Meilun Elevator Value and Growth Change from 2014-2021
10.18.4 Meilun Elevator Price Change from 2014-2021
10.18.5 Meilun Elevator Product Offered
10.19 IFE Elevators
10.19.1 IFE Elevators Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.19.2 IFE Elevators Sales, Value, Gross and Gross Margin from 2014-2021
10.19.3 IFE Elevators Value and Growth Change from 2014-2021
10.19.4 IFE Elevators Price Change from 2014-2021
10.19.5 IFE Elevators Product Offered
10.20 CNYD
10.20.1 CNYD Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.20.2 CNYD Sales, Value, Gross and Gross Margin from 2014-2021
10.20.3 CNYD Value and Growth Change from 2014-2021
10.20.4 CNYD Price Change from 2014-2021
10.20.5 CNYD Product Offered
10.21 Syney Elevator
10.21.1 Syney Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.21.2 Syney Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.21.3 Syney Elevator Value and Growth Change from 2014-2021
10.21.4 Syney Elevator Price Change from 2014-2021
10.21.5 Syney Elevator Product Offered
10.22 Dongnan Elevator
10.22.1 Dongnan Elevator Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.22.2 Dongnan Elevator Sales, Value, Gross and Gross Margin from 2014-2021
10.22.3 Dongnan Elevator Value and Growth Change from 2014-2021
10.22.4 Dongnan Elevator Price Change from 2014-2021
10.22.5 Dongnan Elevator Product Offered
11. Market Dynamics
11.1 Driving Factors
11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …
11.1.2 Increasing Use of Passenger Elevators by Different End-User/Applications
11.2 Restraints and Challenges in the Market
11.3 Opportunities
11.4 Covid-19 Impact/Evaluation
12. Future Forecast of Global Passenger Elevators Market from 2020-2026
12.1 Future Forecast of Global Passenger Elevators Market from 2020-2026 Segment by Regions
12.2 Future Forecast of Global Passenger Elevators Market from 2020-2026 Segment by Type
12.3 Future Forecast of Global Passenger Elevators Market from 2020-2026 Segment by Application
13. Investment Analysis
13.1 Fundamental Analysis (Porter's Five Forces Analysis)
13.2 Technical Preparation Analysis
13.3 Risk Evaluating Analysis
13.4 Estimated Investment Pay-Back Period
14 Research Methodology
14.1 Research Data
14.1.1 Secondary Data
14.1.2 Primary Data
14.2 Revenue Estimation
14.2.1 Bottom-Up Approach
14.2.2 Top-Down Approach (Involves time, Space, and Persons)
14.3 Data Triangulation
14.4 Assumptions
14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
14.6 Limitations of Our Study
14.7 Scene Based Modeling
15 Disclaimer
Research Methodology:
Passenger Elevators Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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