Market Research Reports - Ken Research US Elevator and Escalator Market Major Players | Page 2

US Elevators and Escalators Market: The US market for elevators and escalators has been
bifurcated into two segments; new equipment installation and maintenance & modernization.
In 2017, the revenue contributed by installation of new equipment was ~% (USD ~ million) of
the total elevators and escalators market in US. While the rest ~% (USD ~ million) of share in
the market was contributed by maintenance and modernization of already installed
equipments.
US Elevators Market Segmentation: The elevators market in the US has been further
segmented by sector, by types of machinery, door types and by end usage. On the basis of
sector, the elevator market can further be bifurcated into elevators used in commercial
complexes (retail spaces, office complexes, schools & colleges, hospitals, hotels and public
infrastructure (airports, railways etc.)) which contributed ~% (USD ~ million) of the overall
elevator market in 2017, while the rest ~% (USD ~ million) was contributed by elevators used in
residential complexes. By type of machinery used, the elevator market was bifurcated into
traction machinery which contributed ~% (USD ~ million) and the rest ~% (USD ~ million) was
contributed by hydraulic machinery. The elevator market can also be bifurcated into Machine
Room (MR) which contributed ~% (USD ~ million) and Machine Room Less (MRL) which
contributed ~% (USD ~ million) of the overall elevator market in 2017. The elevator market has
also been bifurcated on the different types of doors used in an elevator. On the basis of end
usage the elevator market has been segmented i nto passenger elevator market and material
handling elevator market. The passenger elevator market contributed a share of ~% (USD ~
million) to the overall elevator market in 2017, while the rest ~% (USD ~ million) was
contributed by material handling elevator market.
US Escalators Market Segmentation: The escalators market in US has been further segmented
by sector and by escalators & moving walkways. On the basis of sector, the escalators market
can further be segmented into different types of commercial complexes (retail spaces, office
complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways
etc.)). The market has also been segmented into stair escalators which contributed ~% (USD ~
million) and moving walkways which contributed the rest ~% (USD ~ million) to the overall
escalators market in US in 2017.
Competitive Scenario in US Elevators and Escalators Market
The elevators and escalators market is highly concentrated and comprises of all the global
players of the industry. The competition in the market is high as companies follow globally
accepted standards. The entry of a new player is extremely difficult as the investment capital is
very high. Companies have their own sales office and team in different parts of the country. The
major players in the US elevator and escalator market are; Kone, Otis, FujiTec, Schindler,
Mitsubishi and ThyssenKrupp.