Global elevator and related product demand will rise 4.3 percent annually through 2013. China will account for nearly half of all new demand, mainly for equipment, while Western Europe remains the largest market for services. Equipment will outpace services, with escalators and moving walkways growing the fastest.
This study analyzes the $63.7 billion world elevator industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by product (passenger and freight elevators, escalators and moving walkways, parts), service (installation, modernization and repair), market (residential, nonresidential), world region and for 16 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 26 industry players, including Otis Elevator, Schindler and ThyssenKrupp.