Global Passenger Elevators Market Growth 2022-2028

As the global economy mends, the 2021 growth of Passenger Elevators will have significant change from previous year. According to our (researcher) latest study, the global Passenger Elevators market size is USD million in 2022 from USD 36590 million in 2021, with a change of % between 2021 and 2022. The global Passenger Elevators market size will reach USD 50000 million in 2028, growing at a CAGR of 4.6% over the analysis period.
The United States Passenger Elevators market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Passenger Elevators market, reaching US$ million by the year 2028. As for the Europe Passenger Elevators landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Passenger Elevators players cover Kone, Otis, Schindler, and ThyssenKrupp, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Elevators market by product type, application, key manufacturers and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Elevator
Escalator
Moving Walkway
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Residential Area
Commercial Office
Transportation Hub
Industrial Area
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
Kone
Otis
Schindler
ThyssenKrupp
Mitsubishi Electric
Hitachi
Toshiba
Hyundai
Fujitec
Hangzhou XiOlift
Volkslift
Yungtay Engineering
Canny Elevator
SJEC
Guangri Elevator
Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE Elevators
CNYD
Syney Elevator
Dongnan Elevator