Setting

North America Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity

Published: 30 Aug 2021 | Report Code: 10248081 | Pages: 101

North America elevator equipment & service market is expected to grow by 3.3% annually in the forecast period and reach $13.7 billion by 2027 owing to the rising urbanization, upswing in digitalization, increasing geriatric population, growing construction and maintenance/upgrade activities. Highlighted with 27 tables and 52 figures, this 101-page report “North America Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire North America elevator equipment & service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America elevator equipment & service market in every aspect of the classification from perspectives of Offering, Product Type, Technology, End Use, and Country. Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Elevator Equipment o Passenger & Freight Elevators o Escalators & Moving Walkways o Parts & Accessories • Elevator Service o Installation Service o Maintenance & Repair Service o Modernization & Upgrade Service Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Elevators • Escalators • Moving Walkways Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Hydraulic Elevators o Conventional Hydraulic Elevators o Hole-less Hydraulic Elevators o Roped Hydraulic Elevators • Traction Elevators o Geared Traction Elevators o Gear-less Traction Elevators o Machine Room-Less Elevators • Climbing Elevators • Pneumatic/Vacuum Elevators Based on End Use, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Residential Use • Commercial Use • Industrial Use • Other End Uses Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue ($ bn) are available for 2017-2027. The breakdown of key national markets by Offering, Product Type, and End Use over the forecast years is also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Fujitec Corporation Limited Hitachi, Ltd. Hyundai Elevator Co., Ltd. Kleemann Hellas S.A. Kone Corporation Mitsubishi Electric Corporation Otis Worldwide Corporation Schindler Group Sigma Elevator Company Limited ThyssenKrupp AG Toshiba Elevator and Building Systems Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table Of Contents

1 Introduction	6
1.1 Industry Definition and Research Scope	6
1.1.1 Industry Definition	6
1.1.2 Research Scope	7
1.2 Research Methodology	10
1.2.1 Overview of Market Research Methodology	10
1.2.2 Market Assumption	11
1.2.3 Secondary Data	11
1.2.4 Primary Data	11
1.2.5 Data Filtration and Model Design	12
1.2.6 Market Size/Share Estimation	13
1.2.7 Research Limitations	14
1.3 Executive Summary	15
2 Market Overview and Dynamics	17
2.1 Market Size and Forecast	17
2.1.1 Impact of COVID-19 on World Economy	18
2.1.2 Impact of COVID-19 on the Market	20
2.2 Major Growth Drivers	22
2.3 Market Restraints and Challenges	28
2.4 Emerging Opportunities and Market Trends	31
2.5 Porter’s Fiver Forces Analysis	35
3 Segmentation of North America Market by Offering	39
3.1 Market Overview by Offering	39
3.2 Elevator Equipment	41
3.2.1 Passenger & Freight Elevators	42
3.2.2 Escalators & Moving Walkways	43
3.2.3 Parts & Accessories	44
3.3 Elevator Service	45
3.3.1 Installation Service	46
3.3.2 Maintenance & Repair Service	47
3.3.3 Modernization & Upgrade Service	48
4 Segmentation of North America Market by Product Type	49
4.1 Market Overview by Product Type	49
4.2 Elevators	51
4.3 Escalators	52
4.4 Moving Walkways	53
5 Segmentation of North America Market by Technology	54
5.1 Market Overview by Technology	54
5.2 Hydraulic Elevators	56
5.2.1 Conventional Hydraulic Elevators	58
5.2.2 Hole-less Hydraulic Elevators	59
5.2.3 Roped Hydraulic Elevators	60
5.3 Traction Elevators	61
5.3.1 Geared Traction Elevators	63
5.3.2 Gear-less Traction Elevators	64
5.3.3 Machine Room-Less Elevators	65
5.4 Climbing Elevators	66
5.5 Pneumatic/Vacuum Elevators	67
6 Segmentation of North America Market by End Use	68
6.1 Market Overview by End Use	68
6.2 Residential Use	70
6.3 Commercial Use	71
6.4 Industrial Use	72
6.5 Other End Uses	73
7 North America Market 2020-2027 by Country	74
7.1 Overview of North America Market	74
7.2 U.S.	77
7.3 Canada	80
7.4 Mexico	82
8 Competitive Landscape	84
8.1 Overview of Key Vendors	84
8.2 New Product Launch, Partnership, Investment, and M&A	88
8.3 Company Profiles	89
Fujitec Corporation Limited	89
Hitachi, Ltd.	91
Hyundai Elevator Co., Ltd.	92
Kleemann Hellas S.A.	93
Kone Corporation	94
Mitsubishi Electric Corporation	95
Otis Worldwide Corporation	96
Schindler Group	97
Sigma Elevator Company Limited	98
ThyssenKrupp AG	99
Toshiba Elevator and Building Systems Corporation	100
RELATED REPORTS	101
List of Tables:

Table 1.  Snapshot of North America Elevator Equipment & Service Market in Balanced Perspective, 2020-2027	16
Table 2. Growth Rate of World GDP, 2020-2022	19
Table 3. World Construction Industry Output, 2017-2030, $ trillion	24
Table 4.  Main Product Trends and Market Opportunities in North America Elevator Equipment & Service Market	31
Table 5. North America Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	39
Table 6. North America Elevator Equipment & Service Market: Elevator Equipment by Type, 2017-2027, $ bn	41
Table 7. North America Elevator Equipment & Service Market: Elevator Service by Type, 2017-2027, $ bn	45
Table 8. North America Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	49
Table 9. North America Elevator Equipment & Service Market by Technology, 2017-2027, $ bn	54
Table 10. North America Elevator Equipment & Service Market: Hydraulic Elevators by Type, 2017-2027, $ bn	57
Table 11. North America Elevator Equipment & Service Market: Traction Elevators by Type, 2017-2027, $ bn	62
Table 12. North America Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	68
Table 13. North America Elevator Equipment & Service Market by Country, 2017-2027, $ bn	75
Table 14. U.S. Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	79
Table 15. U.S. Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	79
Table 16. U.S. Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	79
Table 17. Canada Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	81
Table 18. Canada Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	81
Table 19. Canada Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	81
Table 20. Mexico Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	83
Table 21. Mexico Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	83
Table 22. Mexico Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	83
Table 23. Breakdown of World Elevator Equipment & Service Market by Key Vendor, 2020, %	86
Table 24. Fujitec Corporation Limited: Company Snapshot	89
Table 25. Fujitec Corporation Limited: Business Segmentation	89
Table 26. Fujitec Corporation Limited: Product Portfolio	90
Table 27. Fujitec Corporation Limited: Revenue, 2017-2019, $ bn	90
Equipment & Service Market, 2017-2027, $ bn	80
Figure 51.  Elevator Equipment & Service Market in Mexico, 2017-2027, $ bn	82
Figure 52. Growth Stage of North America Elevator Equipment & Service Industry over the Forecast Period	84
Key Players (this may not be a complete list and extra companies can be added upon request): 
Fujitec Corporation Limited
Hitachi, Ltd.
Hyundai Elevator Co., Ltd.
Kleemann Hellas S.A.
Kone Corporation
Mitsubishi Electric Corporation
Otis Worldwide Corporation
Schindler Group
Sigma Elevator Company Limited
ThyssenKrupp AG
Toshiba Elevator and Building Systems Corporation
 (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)