Abstract
Global demand to increase 4% annually through 2013
The worldwide market for elevator and escalator products and services is
forecast to increase four percent per annum through 2013 to $73 billion. The
fastest gains will come from the Asia/Pacific region, which is expected to
account for the majority of new revenue generated over the forecast period.
Advances will be driven largely by robust construction activity in China and
the more widespread construction of modern high-rise buildings in India. China
is the world' s largest market for passenger and freight elevators in unit
terms, and India is projected to become the second largest by 2013.
Other regional markets expected to grow faster than average include the
Africa/ Mideast region and Latin America, although these markets are
relatively small. Both of these markets doubled in size between 2003 and 2008,
driven by strong nonresidential construction activity and rising incomes.
Demand for services is projected to grow especially fast, benefiting from a
rapidly rising stock of installed elevators in these regions.
Western Europe boasts the most elevators in use of any region by a large
margin. Due to the vast service requirements associated with maintaining these
elevators, Western Europe is the largest market for elevator services,
accounting for one-half of global demand in 2008. Demand for services in
Western Europe also benefits from efforts to modernize the aging stock of
elevators, driven by such initiatives as the European Safety Norms for
Existing Lifts (SNEL).
Escalators, moving walkways among fastest growing
product segments Among different products, the escalators and moving walkways
segment will have particularly fast growth. Demand for these products is
forecast to increase four percent annually to $4 billion in 2013. Gains will
be driven by demand in emerging markets, benefiting from construction of
retail facilities and increased investment in transportation infrastructure.
China was the largest market for escalators and moving walkways in 2008,
having tripled in size over the past decade.
Study coverage
This new Freedonia industry study, World Elevators, presents historical demand
data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 for non-mobile
machinery used to transport people or goods. Region and country estimates
present dollar-valued demand in terms of market (residential, nonresidential)
and type (equipment, services), as well as the installed base of passenger and
freight elevators in each market (in units). The study also considers market
environment factors, assesses industry structure, evaluates company market
share and profiles industry competitors worldwide.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Overview
- Recent Economic Performance
- World Economic Outlook
- World Demographic Overview
- Gross Domestic Product Per Capita
- World Building Construction Outlook
- Residential
- Legal & Regulatory Overview
- Safety Regulations
- Other Regulations
- Pricing Trends
III. MARKET OVERVIEW
- Demand by Region
- Relationship of Per Capita Income & Elevator Market
- Demand by Product & Service
- Equipment
- Passenger & Freight Elevators
- Escalators & Moving Walkways
- Parts & Other
- Service
- Installation
- Modernization & Repair
- Demand by Market
- Residential
- Nonresidential
- International Trade
IV. NORTH AMERICA
- General
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- United States
- Canada
- Mexico
V. WESTERN EUROPE
- General
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- Italy
- Germany
- Spain
- France
- United Kingdom
- Netherlands
- Other Western Europe
VI. ASIA/PACIFIC
- General
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- China
- Japan
- South Korea
- India
- Other Asia/Pacific
VII. OTHER REGIONS
- Latin America
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- Brazil
- Other Latin America
- Eastern Europe
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- Russia
- Other Eastern Europe
- Africa/Mideast
- Supply & Demand
- Demand by Type & Market
- Passenger/Freight Elevator Demand
- Turkey
- Other Africa/Mideast
VIII. INDUSTRY STRUCTURE
- General
- Market Composition
- Market Share
- Manufacturing & Development
- Marketing & Distribution
- Mergers & Acquisitions
- Cooperative Agreements
COMPANY PROFILES
- Alimak Hek Group AB
- Apex Elevators Pvt Limited
- China Ningbo Xinda Group Company Limited
- City Lifts India Limited
- Delta Elevator Company Limited
- Eros Elevators Private Limited
- Eskay Elevators Private Limited
- FARMA SpA
- Fujitec Company Limited
- Hitachi Limited
- Huetter-Aufzuege GmbH
- Hyundai Elevator Company Limited
- Johnson Lifts Private Limited
- Karacharovo Mechanical Factory Open
- Joint Stock Company
- KONE Corporation
- LM Liftmaterial GmbH, see SEMATIC Italia
- Mitsubishi Electric Corporation
- Ningbo Hongda Elevator Company Limited, see China Ningbo Xinda Group
- Orona S. Cooperativa
- Otis Elevator Company, see United Technologies
- Schindler Holding Limited
- SEMATIC Italia SpA
- SIGMA Elevator Company
- SODIMAS
- Supriya Elevator India Private Limited
- ThyssenKrupp AG
- Toshiba Corporation
- Tyler Elevator Products, see SEMATIC Italia
- United Technologies Corporation
- Verri srl, see SEMATIC Italia
- Vestner Aufzuege GmbH & Company KG
SECTION IV -- NORTH AMERICA
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Urban Population by Region
- 4 World Per Capita GDP by Region
- 5 World Building Construction Expenditures by Region
- 6 World Residential Building Construction Expenditures by Region
- 7 World Nonresidential Building Construction Expenditurs by Region
- 8 Average Passenger/Freight Elevator Prices by Region
SECTION III -- MARKET OVERVIEW
- 1 World Elevator Equipment & Service Demand by Region
- 2 World Elevator Equipment & Service Demand
- 3 World Passenger/Freight Elevator Demand by Region
- 4 World Escalator & Moving Walkway Demand by Region
- 5 World Elevator Parts & Other Equipment Demand by Region
- 6 World Elevator Installation Service Demand by Region
- 7 World Elevator Modernization & Repair Service Demand
- 8 World Elevator Demand by Market
- 9 World Elevator Equipment Net Exports by Region
SECTION IV -- NORTH AMERICA
- 1 North America -- Elevator Supply & Demand
- 2 North America -- Elevator Demand by Type & Market
- 3 North America -- Passenger/Freight Elevator Demand
- 4 United States -- Elevator Supply & Demand
- 5 United States -- Elevator Demand by Type & Market
- 6 United States -- Passenger/Freight Elevator Demand
- 7 Canada -- Elevator Supply & Demand
- 8 Canada -- Elevator Demand by Type & Market
- 9 Canada -- Passenger/Freight Elevator Demand
- 10 Mexico -- Elevator Supply & Demand
- 11 Mexico -- Elevator Demand by Type & Market
- 12 Mexico -- Passenger/Freight Elevator Demand
SECTION V -- WESTERN EUROPE
- 1 Western Europe -- Elevator Supply & Demand
- 2 Western Europe -- Elevator Demand by Type & Market
- 3 Western Europe -- Passenger/Freight Elevator Demand
- 4 Italy -- Elevator Supply & Demand
- 5 Italy -- Elevator Demand by Type & Market
- 6 Italy -- Passenger/Freight Elevator Demand
- 7 Germany -- Elevator Supply & Demand
- 8 Germany -- Elevator Demand by Type & Market
- 9 Germany -- Passenger/Freight Elevator Demand
- 10 Spain -- Elevator Supply & Demand
- 11 Spain -- Elevator Demand by Type & Market
- 12 Spain -- Passenger/Freight Elevator Demand
- 13 France -- Elevator Supply & Demand
- 14 France -- Elevator Demand by Type & Market
- 15 France -- Passenger/Freight Elevator Demand
- 16 United Kingdom -- Elevator Supply & Demand
- 17 United Kingdom -- Elevator Demand by Type & Market
- 18 United Kingdom -- Passenger/Freight Elevator Demand
- 19 Netherlands -- Elevator Supply & Demand
- 20 Netherlands -- Elevator Demand by Type & Market
- 21 Netherlands -- Passenger/Freight Elevator Demand
- 22 Other Western Europe -- Elevator Supply & Demand
- 23 Other Western Europe -- Elevator Demand by Type & Market
- 24 Other Western Europe -- Passenger/Freight Elevator Demand
SECTION VI -- ASIA/PACIFIC
- 1 Asia/Pacific -- Elevator Supply & Demand
- 2 Asia/Pacific -- Elevator Demand by Type & Market
- 3 Asia/Pacific -- Passenger/Freight Elevator Demand
- 4 China -- Elevator Supply & Demand
- 5 China -- Elevator Demand by Type & Market
- 6 China -- Passenger/Freight Elevator Demand
- 7 Japan -- Elevator Supply & Demand
- 8 Japan -- Elevator Demand by Type & Market
- 9 Japan -- Passenger/Freight Elevator Demand
- 10 South Korea -- Elevator Supply & Demand
- 11 South Korea -- Elevator Demand by Type & Market
- 12 South Korea -- Passenger/Freight Elevator Demand
- 13 India -- Elevator Supply & Demand
- 14 India -- Elevator Demand by Type & Market
- 15 India -- Passenger/Freight Elevator Demand
- 16 Other Asia/Pacific -- Elevator Supply & Demand
- 17 Other Asia/Pacific -- Elevator Demand by Type & Market
- 18 Other Asia/Pacific -- Passenger/Freight Elevator Demand
SECTION VII -- OTHER REGIONS
- 1 Latin America -- Elevator Supply & Demand
- 2 Latin America -- Elevator Demand by Type & Market
- 3 Latin America -- Passenger/Freight Elevator Demand
- 4 Brazil -- Elevator Supply & Demand
- 5 Brazil -- Elevator Demand by Type & Market
- 6 Brazil -- Passenger/Freight Elevator Demand
- 7 Other Latin America -- Elevator Supply & Demand
- 8 Other Latin America -- Elevator Demand by Type & Market
- 9 Other Latin America -- Passenger/Freight Elevator Demand
- 10 Eastern Europe -- Elevator Supply & Demand
- 11 Eastern Europe -- Elevator Demand by Type & Market
- 12 Eastern Europe -- Passenger/Freight Elevator Demand
- 13 Russia -- Elevator Supply & Demand
- 14 Russia -- Elevator Demand by Type & Market
- 15 Russia -- Passenger/Freight Elevator Demand
- 16 Other Eastern Europe -- Elevator Supply & Demand
- 17 Other Eastern Europe -- Elevator Demand by Type & Market
- 18 Other Eastern Europe -- Passenger/Freight Elevator Demand
- 19 Africa/Mideast -- Elevator Supply & Demand
- 20 Africa/Mideast -- Elevator Demand by Type & Market
- 21 Africa/Mideast -- Passenger/Freight Elevator Demand
- 22 Turkey -- Elevator Supply & Demand
- 23 Turkey -- Elevator Demand by Type & Market
- 24 Turkey -- Passenger/Freight Elevator Demand
- 25 Other Africa/Mideast -- Elevator Supply & Demand
- 26 Other Africa/Mideast -- Elevator Demand by Type & Market
- 27 Other Africa/Mideast -- Passenger/Freight Elevator Demand
SECTION VIII -- INDUSTRY STRUCTURE
- 1 World Elevator Sales by Company, 2008
- 2 Selected Acquisitions & Divestitures
- 3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION III -- MARKET OVERVIEW
- 1 Gross Domestic Product Per Capita & Elevator Demand Per Urban Capita
Relationship, 2008
- 2 World Passenger/Freight Elevator Market, 2008
- 3 Interregional Trade in Elevator Equipment, 2008
SECTION VIII -- INDUSTRY STRUCTURE
- 1 World Elevator Market Share, 2008
