Over the past few year, factors such as Technology Advancement in Elevators and Escalators have contributed to the development of the Global Elevator & Escalator market.

Undoubtedly, Growth in the Construction and Infra Sectors and Changing Demographic Trends is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Elevator & Escalator market is expected to make a significant contribution

AMA research has engaged in the competitive assessment of China & Global Elevator & Escalator Manufacturers for 5 years. “The Top 10 Competitive Manufacturers in the Elevator & Escalator in 2024” clearly displays the competitive situations of main Elevator & Escalator Manufacturersin 2024. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.

The Technology, such as Elevator technology (Traction with a Room, Machine Room-Less Traction, Hydraulic), is boosting the Elevator & Escalator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Service, such as New installation, is boosting the Elevator & Escalator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End-use Industry, such as Residential, is boosting the Elevator & Escalator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Manufacturers such as KONE Corporation (Finland), United Technologies (United States), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), ThyssenKrupp AG (Germany), FUJITEC (Japan), Hitachi Ltd. (Japan) and Hyundai Elevator Co., Ltd. (South Korea) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Elevator & Escalator industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Manufacturers wants to expand into other areas of the market value chain fundamentally determines its strategy.



The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Elevator & Escalator market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall Elevator & Escalator market size is calculated using market estimation process, the Elevator & Escalator market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Elevator & Escalator market size has been validated using both top-down and bottom-up approaches.