North America's $13.7B Elevator Equipment & Service Market, 2027 - Emerging Product Trends & Market Opportunities - ResearchAndMarkets.com

The "North America Elevator Equipment & Service Market 2020-2027 by Offering, Product Type, Technology, End-use, and Country: Trend Outlook and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

The North American 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 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. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)

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.

The market is segmented into the following markets with annual revenue ($ bn) for 2017-2027 included in each section.

Based on Offering

• Elevator Equipment
  • Passenger & Freight Elevators
  • Escalators & Moving Walkways
  • Parts & Accessories
• Elevator Service
  • Installation Service
  • Maintenance & Repair Service
  • Modernization & Upgrade Service

Based on Product Type

• Elevators
• Escalators
• Moving Walkways

Based on Technology

• Hydraulic Elevators
  • Conventional Hydraulic Elevators
  • Hole-less Hydraulic Elevators
  • Roped Hydraulic Elevators
• Traction Elevators
  • Geared Traction Elevators
  • Gear-less Traction Elevators
  • Machine Room-Less Elevators
• Climbing Elevators
• Pneumatic/Vacuum Elevators

Based on End-use

• Residential Use
• Commercial Use
• Industrial Use
• Other End-uses

Geographically

• 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

• 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.)

For more information about this report visit https://www.researchandmarkets.com/r/kjg2y

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005405/en/