North America Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction

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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. (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.)
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.)

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

 

 

List of Figures:

Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 15
Figure 4. North America Elevator Equipment & Service Market, 2017-2027, $ bn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Elevator Equipment & Service Market 22
Figure 7. GDP per capita in the World, 1960-2018, $ thousand 25
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 25
Figure 9. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 27
Figure 10. World Population 65 and Over, % of Total Population, 1950-2060 27
Figure 11. Primary Restraints and Impact Factors of North America Elevator Equipment & Service Market 28
Figure 12. Investment Opportunity Analysis 32
Figure 13. Porter’s Fiver Forces Analysis of North America Elevator Equipment & Service Market 35
Figure 14. Breakdown of North America Elevator Equipment & Service Market by Offering, 2020-2027, % of Revenue 39
Figure 15. Contribution to North America 2021-2027 Cumulative Revenue by Offering, Value ($ bn) and Share (%) 40
Figure 16. North America Elevator Equipment & Service Market: Elevator Equipment, 2017-2027, $ bn 41
Figure 17. North America Elevator Equipment & Service Market: Passenger & Freight Elevators, 2017-2027, $ bn 42
Figure 18. North America Elevator Equipment & Service Market: Escalators & Moving Walkways, 2017-2027, $ bn 43
Figure 19. North America Elevator Equipment & Service Market: Parts & Accessories, 2017-2027, $ bn 44
Figure 20. North America Elevator Equipment & Service Market: Elevator Service, 2017-2027, $ bn 45
Figure 21. North America Elevator Equipment & Service Market: Installation Service, 2017-2027, $ bn 46
Figure 22. North America Elevator Equipment & Service Market: Maintenance & Repair Service, 2017-2027, $ bn 47
Figure 23. North America Elevator Equipment & Service Market: Modernization & Upgrade Service, 2017-2027, $ bn 48
Figure 24. Breakdown of North America Elevator Equipment & Service Market by Product Type, 2020-2027, % of Revenue 49
Figure 25. Contribution to North America 2021-2027 Cumulative Revenue by Product Type, Value ($ bn) and Share (%) 50
Figure 26. North America Elevator Equipment & Service Market: Elevators, 2017-2027, $ bn 51
Figure 27. North America Elevator Equipment & Service Market: Escalators, 2017-2027, $ bn 52
Figure 28. North America Elevator Equipment & Service Market: Moving Walkways, 2017-2027, $ bn 53
Figure 29. Breakdown of North America Elevator Equipment & Service Market by Technology, 2020-2027, % of Revenue 55
Figure 30. Contribution to North America 2021-2027 Cumulative Revenue by Technology, Value ($ bn) and Share (%) 55
Figure 31. North America Elevator Equipment & Service Market: Hydraulic Elevators, 2017-2027, $ bn 56
Figure 32. North America Elevator Equipment & Service Market: Conventional Hydraulic Elevators, 2017-2027, $ bn 58
Figure 33. North America Elevator Equipment & Service Market: Hole-less Hydraulic Elevators, 2017-2027, $ bn 59
Figure 34. North America Elevator Equipment & Service Market: Roped Hydraulic Elevators, 2017-2027, $ bn 60
Figure 35. North America Elevator Equipment & Service Market: Traction Elevators, 2017-2027, $ bn 61
Figure 36. North America Elevator Equipment & Service Market: Geared Traction Elevators, 2017-2027, $ bn 63
Figure 37. North America Elevator Equipment & Service Market: Gear-less Traction Elevators, 2017-2027, $ bn 64
Figure 38. North America Elevator Equipment & Service Market: Machine Room-Less Elevators, 2017-2027, $ bn 65
Figure 39. North America Elevator Equipment & Service Market: Climbing Elevators, 2017-2027, $ bn 66
Figure 40. North America Elevator Equipment & Service Market: Pneumatic/Vacuum Elevators, 2017-2027, $ bn 67
Figure 41. Breakdown of North America Elevator Equipment & Service Market by End Use, 2020-2027, % of Revenue 68
Figure 42. Contribution to North America 2021-2027 Cumulative Revenue by End Use, Value ($ bn) and Share (%) 69
Figure 43. North America Elevator Equipment & Service Market: Residential Use, 2017-2027, $ bn 70
Figure 44. North America Elevator Equipment & Service Market: Commercial Use, 2017-2027, $ bn 71
Figure 45. North America Elevator Equipment & Service Market: Industrial Use, 2017-2027, $ bn 72
Figure 46. North America Elevator Equipment & Service Market: Other End Uses, 2017-2027, $ bn 73
Figure 47. Breakdown of North America Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue 75
Figure 48. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%) 76
Figure 49. U.S. Elevator Equipment & Service Market, 2017-2027, $ bn 78
Figure 50. Canada Elevator 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

 

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