Outperforming Global Elevators and Escalators Market: Ken Research


Ken Research announced recent publication titled, “Global Elevators and Escalators Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report”. This report compasses the global historical trends and potential forecasts in the market of escalators and elevators. It involves observing the major turns and twists in the industrial layout and the sudden growth of the Chinese and Indian markets in this sector. The paper establishes a two-fold rise in the market size by 2022. This report spotlights the worldwide and provincial market, key manufacturers as well as the segment market details on different classifications and claims of elevators and escalators. The report shall also link the potential future ground for competitors and market holder.

With the wake of urbanisation, we see mammoth projects with skyscrapers, hotels, stadiums, shopping complexes, airports and other elevated commercial spaces. All of these have profound use of escalators and elevators. These have been paralleled with the sign of development and industrialisation, becoming a common essential attribute of modernisation. Escalators are vertically moving staircases. It is a conveyor transport device for carrying people between floors of a building. They are built at places where elevators become unreasonable for usage. Utilizing the same space as a staircase, they mobilise more number people saving time and exertion. Escalators move with a invariable speed with the same average angle of inclination in a loop form, which increases with height. The basic raw material used is fuelled by the stainless steel and aluminium industry. Escalators have three typical configuration options:

Parallel-up and down escalators side by side or separated by a distance. This form is usually seen in metro stations and picture theatres
Crisscross-it minimizes space requirements by “mounting” escalators that go in one direction. These are frequently used in department stores or shopping centres
Multiple parallel – two or more escalators together that travel in one direction next to one or two escalators in the same bank that travel in the other direction. They have been observed at airports etc.

Elevators on the other hand, serve similar needs but moves people and goods between floors. They are driven by electric motors or by ballast systems like anchoring hoist. In the recent times, hydraulic fluid pumps are most common driving device. Archimedes first built elevators in 236 BC. Several years later, another of Kulibin’s elevators was installed in Arkhangelskoye near Moscow. Types of elevators include

Traction elevators
Hydraulic elevators
Climbing elevator
Pneumatic elevator

There have been stringent government regulations on the escalator market for safety purposes. Despite their considerable scope, two Congressional Acts namely, the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990 (ADA) indirectly affected escalators and their public installations. Nonetheless, Foster-Miller Associates’ 1980 plan, Escalator Modification for the Handicapped was ultimately ignored in favour of increased elevator installations in subway systems. They also cannot escape the code of conduct norm which states that In the United States and Canada, new escalators must abide by ASME A17.1 standards and old escalators must conform to the safety guidelines of ASME A17.3 In Europe, the escalator safety code is EN115.

The historical evolution of the key market players in escalator business started with one name, Nathan Ames. The inventor to seed the idea gave a potential ‘moving stairs’ model that would operate by manual or hydraulic power. Leamon Souder, Jesse Wilford Reno, George A. Wheeler, and Charles Seeberger are attributed with paving way for real theories and execution of this modern marvel. It’s regional market, covers six major hubs which are-Europe, North America, South America, Asia (Excluding China), China and Rest of the world. Studies account that seven out of every 10 elevators are installed in Asia Pacific. This region has become highly advanced and competitive to exploit the vast growth opportunities in its rural market, especially in India and China. To increase its outreach they have started mushrooming numerous sales offices and branches worldwide.

Schindler Holding Ltd is the leading maker of escalators and second biggest manufacturer of elevators. The key players in escalator market are several manufacturers who developed their own escalator products, though they had to market their devices under different names, due to Otis’ hold on the trademark rights to the word “escalator.” New York-based Peelle Company called their product by the name-the Motorstair, and Westinghouse called their model an Electric Stairway. The Toledo-based Haughton Elevator company referred to their product as simply Moving Stairs. Early European manufacturers included Hallé, Hocquardt, and Piat starting with escalator usage at a departmental store. In terms of rivalry, Mitsubishi and ThyssenKrupp are Otis’ principal rivals. The most influential vendors across the globe are Cisco Systems, Toshiba Corporation, Fujitec, Mitsubishi Electric Corporation, Hitachi Ltd.and Kleemann Hellas SA. By 2022, the leading firms would diversify and expand its network of vendors across the world. This was proved true when hundreds of new sales offices were set up in china in recent past. More investment would be made in research and development to come up with better, more efficient, cost effective ways of developing escalator/elevator techniques. This would require us to expand the production boundaries by being more resourceful. These innovations will mark the beginning of energy efficient escalating/elevating technologies. Modernization in this market consists of controller equipment, electrical wiring and buttons, position indicators and direction arrows, hoist machines and motors (including door operators), and sometimes door hanger tracks.

Region wise, China will reach the highest growth trajectory by 2022 becoming the largest smart elevator and escalators market globally. This would be done at a diminishing rate of growth, which will stay positive. The rising population will fuel the major growth in the coming centaury. With many urban cities being developed in India and multidimensional 1-tier cities coming up in china, elevator and escalator demand will boom with blossoming infrastructure projects. Rapid and widespread urbanization just adds to the growth from another dimension. These effects in turn are a major push to other industries such as tourism and Hospitality. With an increase in per capita income, the hotel industry would flourish hence, accelerating elevator demand. Ride quality for both can be improved by reinstating generator based designs with Variable Voltage/Variable Frequency drives. Innovation can greatly improve functioning consistency by replacing mechanical relays and contacts with solid-state electronics. Major future elevator projects include-
Cable-borne elevators
Hydraulic elevators
Mine-shaft elevators

Topics Covered in the Report

Asia Elevators and Escalators Production
Hydraulic elevators Market research
Elevators Major Market Players
Elevators Market Competition
Global elevators market research
Global escalators market research report
Elevators and escalators Production
Elevators and escalators Demand in market
Global Elevators and Escalators Market growth
Global Elevators and Escalators Market size
Global Elevators and Escalators Market share
Global Elevators and Escalators Market trends
Global Elevators Market Forecast

For more coverage click on the link below:


Related links:

Global Elevators and Escalators Market Outlook to 2016 – Rising Expansion in Asia Pacific Region

Ken Research
Ankur Gupta, Head Marketing & Communications



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