Construction Elevators Market
Construction Elevators Market Analysis by Up to 2000 Kg, 2000 Kg to 4000 Kg, and 4000 Kg and Above for Construction Companies and Rental Services from 2023 to 2033
Analysis of Construction Elevators Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Construction Elevators Market Outlook (2023 to 2033)
Newly-released construction elevators market analysis report by Fact.MR reveals that the global sales of construction elevators in 2022 were held at US$ 684.8 Million. With 4.7% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 1.1 Billion by the end of forecast period.
Construction elevators with 2000 Kg to 4000 Kg capacity is expected to be the significant revenue generator, projected to grow at a CAGR of over 4.1% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Construction Elevators Market Size (2022) | US$ 684.8 Million |
| Construction Elevators Market Size (2033) | US$ 1.1 Billion |
| Construction Elevators Market CAGR (2023 to 2033) | 4.7% |
| U.S. Construction Elevators Market CAGR (2023 to 2033) | 3.4% |
| Key Companies Covered | Alimak Group AB; Brand Safway; PEGA HOIST Ltd; STROS; Spartan Engineering Industries Pvt. Ltd; Gaoli Engineering Machinery; XL Industries; Electroelsa Srl; GEDA USA; Fraco Products Ltd.; CABR Construction Machinery; Safi Group; Saeclimber |
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Revenue of Construction Elevators from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of construction elevators market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of construction elevators increased at around 4.7% CAGR. With an absolute dollar opportunity of US$ 439.9 Million, the market is projected to reach a valuation of US$ 1.1 Billion by 2033.
What are the Key Drivers Influencing Construction Elevators Market's Expansion?
Construction Elevators, also known as construction hoists, building hoists, or construction lifts are installed outside of the construction project to efficiently move material as well as workers on different levels of construction. They play a crucial role in improving safety, and productivity in construction sites, particularly in projects involving high-rise buildings, infrastructure development, and maintenance work.
The rapid pace of urbanization, coupled with population growth, has led to increased demand for urban spaces. To accommodate growing populations, countries are turning to vertical growth through the construction of skyscrapers. Construction elevators are essential for efficient vertical transportation in these tall structures, making them a crucial component of skyscraper construction projects.
Skyscrapers enable high-density development, allowing for efficient land use and maximizing the available space in urban areas. Countries such as China, the US, and UAE are prominent in building skyscrapers. Since 2000, more than 185 structures of height more than 300 meters are built globally with China accounting for 52%, UAE accounting for 17%, and the US accounting for 9%.
The number of skyscrapers built per year has been growing with 8% CAGR since 1950s to 2021. This growing number of skyscraper construction represents significant opportunities for construction elevators to streamline the construction project.
Worker safety is of paramount importance in the construction industry, and regulatory frameworks are continually evolving to ensure a safe working environment. Regulations governing height and fall protection play a crucial role in ensuring the safety of construction workers working at elevated levels as falls from heights during construction work are estimated to be the cause of 30% of deaths on construction sites.
The Occupational Safety and Health Administration (OSHA) in the United States requires employers to provide fall protection systems when workers are exposed to vertical drops of six feet or more. To comply with these regulations, construction firms often utilize construction elevators as a safe and efficient means of vertical transportation. Construction elevators help minimize fall risks by providing secure and controlled transportation between different levels of the construction sites.
Besides new construction, renovation, and redevelopment projects also contribute to the demand for construction elevators. Refurbishing older buildings often requires temporary vertical transportation systems during construction. Renovation projects often involve significant structural modifications, additions, or refurbishments of existing buildings. Such projects require efficient vertical transportation solutions to move workers, tools, and materials within the confined spaces of the building.
Construction elevators offer a practical and safe solution for vertical transportation during renovation projects, facilitating task's smooth and timely completion. For instance, the renovation project of the Eiffel Tower in France used a customized construction elevator by Alimak. The increasing number of renovation projects is driving the demand for construction elevators in the construction industry.
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Which Region Is Projected to Offer the Largest Construction Elevators?
North America is a prominent shareholder in the market with a market size of US$ 217.8 Million in 2022. It is projected that North America will have a market worth US$ 329.2 Million by 2033.
The North American construction industry is subject to stringent safety regulations. OSHA has specific regulations pertaining to fall protection in construction under 29 CFR 1926 Subpart M. The regulations are intended to prevent fall-related accidents and injuries, which are among the leading causes of fatalities in the construction industry.
By having stringent fall protection regulations like those set forth by OSHA, the construction industry is compelled to prioritize worker safety when working at heights. Construction elevators, when designed and used in compliance with these regulations, offer a safer alternative to traditional methods of vertical transportation, such as ladders or scaffolding.
Country-Wise Analysis
United States Construction Elevators Market Analysis :
The market in the United States is expected to grow to be worth US$ 274 Million with an absolute dollar growth of US$ 83.4 Million. The market in the United States marked a negative CAGR of -2.9% from 2018 to 2022 and is expected to grow at a CAGR of 3.4% from 2023 to 2033.
The construction sector in the US is expected to witness a significant boom with the US Bipartisan Infrastructure Law (BIL) which projects investments worth US$ 550 Billion over the next 10 years. The legislation of the law is expected to address the built environment of the US, which was rated C-minus by the American Society of Civil Engineers. The law is expected to modernize the country’s infrastructure through extensive upgrades. This is expected to create significant opportunities for construction elevators as these elevators are extensively used in renovation projects.
The US also has a significant number of construction elevator manufacturers, large-scale construction companies as well as rental services which contribute to its growth during the forecast period.
India Construction Elevators Market Analysis :
The market in India is expected to grow to be worth US$ 63.8 Million with an absolute dollar growth of US$ 25.7 Million. The market in India has grown at a CAGR of 0.8% from 2018 to 2022 and is expected to grow at a CAGR of 4.8% from the year 2023 to 2033.
As India experiences rapid urbanization and increasing population density, the demand for vertical urban expansion has led to a surge in high-rise building construction, especially in major cities like Mumbai, Delhi, Bangalore, and Hyderabad. There are currently around 200 skyscrapers in the country with Mumbai owning the highest share in the country and 22nd rank in the world’s largest number of skyscrapers in terms of city.
India also has a significant number of construction equipment manufacturing companies such as Spartan Engineering, and Jaypee Industries, and global manufacturers such as Alimak have a significant presence in the country which significantly influences the adoption of construction elevators for the country’s infrastructural growth.
China Construction Elevators Market Analysis :
The market in China is expected to grow to be worth US$ 147.7 Million with an absolute dollar growth of US$ 44 Million. The market in the country was negatively impacted and registered a CAGR of -0.5% from 2018 to 2022 due to Covid-19. The market in the country is expected to grow at a CAGR of 3.3% from 2023 to 2033.
Construction industry in China has been one of the most dynamic and rapidly growing sectors in the country. China's construction industry plays a crucial role in the country's economic development with industry contributing to 6.9% of the country’s GDP in 2022.
The country is consistently investing in infrastructural development to accommodate the growing population density of the country. The value of infrastructural projects under development in China was around US$ 5.1 Trillion in 2022. High-rise buildings own a significant share in these projects with China having the highest number of skyscrapers in the world. These instances create a favorable environment for the market growth in China.
Along with having a dynamic construction industry in China, the country is also home to some of the highest revenue-generating construction firms in the world. Around 70% of skyscrapers taller than 300 meters globally are built by Chinese construction companies. As construction elevators are suitable for the construction of these tall structures, the adoption of construction elevators by these companies creates significant opportunities in the country.
Germany Construction Elevators Market Analysis :
The market in Germany is expected to grow to be worth US$ 45.6 Million with an absolute dollar growth of US$ 14.4 Million. The market in Germany marked a negative CAGR of -2.6% from 2018 to 2022. The market in the country is expected to grow at a CAGR of 3.6% from 2023 to 2033.
The production value of the construction buildings industry in Germany is experiencing significant growth with the value exceeding US$ 106 Billion in 2022 up from US$ 96 Billion in 2021. This growth represents significant opportunities for construction elevators as they help streamline the construction workflow and reduce construction time.
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Category-Wise Insights
Through which Buyer Type is the Demand for Construction Elevators Is projected to Witness Significant Growth?
The construction elevators revenues through rental service companies marked a negative CAGR of -1.3% from 2018 to 2022. The market in the country is expected to grow at a CAGR of 4.2% from 2023 to 2033.
Purchasing construction elevators outright can be a substantial capital investment for construction companies. By opting for rental services, companies can avoid high initial costs, making it more affordable and accessible to use construction elevators.
The availability of rental services also allows construction elevator manufacturers to reach a broader customer base. Smaller construction companies and contractors who might not have been able to afford to purchase construction elevators can now access them through rental services. This influences the higher adoption of construction elevators by rental service companies compared to construction firms.
Why Demand through Used Elevators is projected to Witness Significant Growth?
Demand through used construction elevators is projected to witness the significant growth at a CAGR of 4.3% from 2023 to 2033.
The significant advantage of purchasing a used construction elevator is cost savings. Used elevators are generally priced lower than new ones, making them an attractive option for construction companies looking to optimize their budgets and reduce upfront expenses. Moreover, construction elevators have a long-life span and well-maintained construction elevators from a reputed brand can be used for around 15 years. This significantly influences the sales of used equipment due to lower costs.
Competitive Analysis
Key players in the market are Alimak Group AB, Brand Safway, PEGA HOIST, STROS, Spartan Engineering Industries, Gaoli Engineering Machinery, XL Industries, Electroelsa Srl and GEDA GmbH.
Some of the recent developments in the market are :
- In August 2022, Alimak Group acquired height product and safety provider Tractel for US$ 510 million. This acquisition is a part of the company’s strategy to expand its product portfolio and regional presence. Tractel will continue its brand as Alimak’s new division.
- In March 2019, Canadian Fraco Products acquired the Spanish manufacturer of hoist and mast climber Saltec/Torgar. Fraco Products acquired hoists and mast climber products under the Torgar brand and Saltec’s 10,000-square-meter production facility in Spain.
- In September 2022, BrandSafway’s motorized manufacturing group Spider introduced the first UL-listed and battery-powered traction hoist in the market, SC1000 Relevation. This launch is aimed to reduce the downtimes due to power failure on construction sites.
Segmentation of the Market
-
By Material Type :
- Up to 2000 Kg
- up to 150 m
- 150 to 250 m
- more than 250 m
- 2000 Kg to 4000 Kg
- up to 150 m
- 150 to 250 m
- more than 250 m
- 4000 Kg and above
- up to 150 m
- 150 to 250 m
- more than 250 m
- Up to 2000 Kg
-
By Buyer Type :
- Construction Companies
- Rental Services
-
By Elevator Life Stage :
- New Elevators
- Used Elevators
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Middle East & Africa
- Oceania
Table of Content
- 1. Global Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Markets Dynamics
- 5. Pricing Analysis
- 6. Global Market Value (US$ Mn) and Volume (Units) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Capacity
- 7.1. Up to 2000 Kg
- 7.1.1. up to 150 m
- 7.1.2. 150 to 250 m
- 7.1.3. more than 250 m
- 7.2. 2000 Kg to 4000 Kg
- 7.2.1. up to 150 m
- 7.2.2. 150 to 250 m
- 7.2.3. more than 250 m
- 7.3. 4000 Kg and above
- 7.3.1. up to 150 m
- 7.3.2. 150 to 250 m
- 7.3.3. more than 250 m
- 7.1. Up to 2000 Kg
- 8. Global Market Analysis and Forecast, By Buyer Type
- 8.1. Construction Companies
- 8.2. Rental Services
- 9. Global Market Analysis and Forecast, By Elevator Life Stage
- 9.1. New Elevators
- 9.2. Used Elevators
- 10. Global Market Analysis and Forecast, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & ASEAN
- 10.6. Middle East & Africa
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Latin America Market Analysis and Forecast
- 13. Europe Market Analysis and Forecast
- 14. East Asia Market Analysis and Forecast
- 15. South Asia and ASEAN Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Alimak Group AB
- 20.2. Brand Safway
- 20.3. PEGA HOIST Ltd
- 20.4. STROS - Sedlcanské strojírny, a. s.
- 20.5. Spartan Engineering Industries Pvt. Ltd
- 20.6. Gaoli Engineering Machinery Co., Ltd
- 20.7. XL Industries
- 20.8. Electroelsa Srl
- 20.9. Fraco Products Ltd.
- 20.10. CABR Construction Machinery
- 20.11. Safi group
- 20.12. Saeclimber
- 20.13. Böcker Maschinenwerke GmbH
- 20.14. BETA Max Hoists
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01: Global Market Volume (Units), by Capacity, 2018 to 2033
Table 02: Global Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 03: Global Market Volume (Units), by Buyer Type, 2018 to 2033
Table 04: Global Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 05: Global Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 06: Global Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 07: Global Market Volume (Units), by Region, 2018 to 2033
Table 08: Global Market Value (US$ Mn), by Region, 2018 to 2033
Table 09: North America Market Volume (Units), by Capacity, 2018 to 2033
Table 10: North America Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 11: North America Market Volume (Units), by Buyer Type, 2018 to 2033
Table 12: North America Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 13: North America Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 14: North America Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 15: North America Market Volume (Units), by Country, 2018 to 2033
Table 16: North America Market Value (US$ Mn), by Country, 2018 to 2033
Table 17: Latin America Market Volume (Units), by Capacity, 2018 to 2033
Table 18: Latin America Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 19: Latin America Market Volume (Units), by Buyer Type, 2018 to 2033
Table 20: Latin America Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 21: Latin America Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 22: Latin America Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 23: Latin America Market Volume (Units), by Country, 2018 to 2033
Table 24: Latin America Market Value (US$ Mn), by Country, 2018 to 2033
Table 25: Europe Market Volume (Units), by Capacity, 2018 to 2033
Table 26: Europe Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 27: Europe Market Volume (Units), by Buyer Type, 2018 to 2033
Table 28: Europe Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 29: Europe Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 30: Europe Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 31: Europe Market Volume (Units), by Country, 2018 to 2033
Table 32: Europe Market Value (US$ Mn), by Country, 2018 to 2033
Table 33: East Asia Market Volume (Units), by Capacity, 2018 to 2033
Table 34: East Asia Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 35: East Asia Market Volume (Units), by Buyer Type, 2018 to 2033
Table 36: East Asia Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 37: East Asia Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 38: East Asia Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 39: East Asia Market Volume (Units), by Country, 2018 to 2033
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 41: South Asia & ASEAN Market Volume (Units), by Capacity, 2018 to 2033
Table 42: South Asia & ASEAN Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 43: South Asia & ASEAN Market Volume (Units), by Buyer Type, 2018 to 2033
Table 44: South Asia & ASEAN Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 45: South Asia & ASEAN Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 46: South Asia & ASEAN Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 47: South Asia & ASEAN Market Volume (Units), by Country, 2018 to 2033
Table 48: South Asia & ASEAN Market Value (US$ Mn), by Country, 2018 to 2033
Table 49: MEA Market Volume (Units), by Capacity, 2018 to 2033
Table 50: MEA Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 51: MEA Market Volume (Units), by Buyer Type, 2018 to 2033
Table 52: MEA Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 53: MEA Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 54: MEA Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 55: MEA Market Volume (Units), by Country, 2018 to 2033
Table 56: MEA Market Value (US$ Mn), by Country, 2018 to 2033
Table 57: Oceania Market Volume (Units), by Capacity, 2018 to 2033
Table 58: Oceania Market Value (US$ Mn), by Capacity, 2018 to 2033
Table 59: Oceania Market Volume (Units), by Buyer Type, 2018 to 2033
Table 60: Oceania Market Value (US$ Mn), by Buyer Type, 2018 to 2033
Table 61: Oceania Market Volume (Units), by Elevator Life Stage, 2018 to 2033
Table 62: Oceania Market Value (US$ Mn), by Elevator Life Stage, 2018 to 2033
Table 63: Oceania Market Volume (Units), by Country, 2018 to 2033
Table 64: Oceania Market Value (US$ Mn), by Country, 2018 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (Units) Analysis, 2018, 2023 and 2033
Figure 02: Global Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 03: Global Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 04: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 05: Global Market Incremental $ Opportunity, 2022 to 2033
Figure 06: Global Market Share Analysis By Capacity - 2023 & 2033
Figure 07: Global Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 08: Global Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 09: Global Market Share Analysis By Capacity Up to 2000 Kg- 2023 & 2033
Figure 10: Global Market Value Y-o-Y Growth and Forecast By Capacity Up to 2000 Kg, 2023 to 2033
Figure 11: Global Market Attractiveness Analysis By Capacity Up to 2000 Kg, 2023 to 2033
Figure 12: Global Market Share Analysis By Capacity 2000 Kg to 4000 Kg- 2023 & 2033
Figure 13: Global Market Value Y-o-Y Growth and Forecast By Capacity 2000 Kg to 4000 Kg, 2023 to 2033
Figure 14: Global Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg, 2023 to 2033
Figure 15: Global Market Share Analysis By Capacity 4000 Kg and above- 2023 & 2033
Figure 16: Global Market Value Y-o-Y Growth and Forecast By Capacity 4000 Kg and above, 2023 to 2033
Figure 17: Global Market Attractiveness Analysis By Capacity 4000 Kg and above, 2023 to 2033
Figure 18: Global Market Share Analysis By Type - 2023 & 2033
Figure 19: Global Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis By Type, 2023 to 2033
Figure 21: Global Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 22: Global Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 23: Global Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 24: Global Market Share Analysis by Region - 2023 & 2033
Figure 25: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 26: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 27: North America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 28: North America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 29: North America Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 30: North America Market Incremental $ Opportunity, 2022 to 2033
Figure 31: North America Market Share by Country– 2023 & 2033
Figure 32: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 33: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 34: North America Market Share Analysis By Capacity - 2023 & 2033
Figure 35: North America Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 36: North America Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 37: North America Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 38: North America Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 39: North America Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 40: North America Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 41: North America Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 42: North America Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 43: North America Market Share Analysis By Type - 2023 & 2033
Figure 44: North America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 45: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 46: North America Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 47: North America Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 48: North America Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 49: Latin America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 50: Latin America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 51: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 52: Latin America Market Incremental $ Opportunity, 2022 to 2033
Figure 53: Latin America Market Share by Country– 2023 & 2033
Figure 54: Latin America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 55: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Share Analysis By Capacity - 2023 & 2033
Figure 57: Latin America Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 58: Latin America Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 59: Latin America Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 60: Latin America Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 61: Latin America Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 62: Latin America Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 63: Latin America Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 64: Latin America Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 65: Latin America Market Share Analysis By Type - 2023 & 2033
Figure 66: Latin America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 67: Latin America Market Attractiveness Analysis By Type , 2023 to 2033
Figure 68: Latin America Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 69: Latin America Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 70: Latin America Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 71: Europe Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 72: Europe Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 73: Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 74: Europe Market Incremental $ Opportunity, 2022 to 2033
Figure 75: Europe Market Share by Country– 2023 & 2033
Figure 76: Europe Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 77: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 78: Europe Market Share Analysis By Capacity - 2023 & 2033
Figure 79: Europe Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 80: Europe Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 81: Europe Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 82: Europe Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 83: Europe Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 84: Europe Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 85: Europe Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 86: Europe Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 87: Europe Market Share Analysis By Type - 2023 & 2033
Figure 88: Europe Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 89: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 90: Europe Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 91: Europe Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 92: Europe Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 93: East Asia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 94: East Asia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 95: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 96: East Asia Market Incremental $ Opportunity, 2022 to 2033
Figure 97: East Asia Market Share by Country– 2023 & 2033
Figure 98: East Asia Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 99: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 100: East Asia Market Share Analysis By Capacity - 2023 & 2033
Figure 101: East Asia Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 102: East Asia Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 103: East Asia Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 104: East Asia Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 105: East Asia Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 106: East Asia Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 107: East Asia Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 108: East Asia Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 109: East Asia Market Share Analysis By Type - 2023 & 2033
Figure 110: East Asia Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 111: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 112: East Asia Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 113: East Asia Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 114: East Asia Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 115: South Asia & ASEAN Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 116: South Asia & ASEAN Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 117: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 118: South Asia & ASEAN Market Incremental $ Opportunity, 2022 to 2033
Figure 119: South Asia & ASEAN Market Share by Country– 2023 & 2033
Figure 120: South Asia & ASEAN Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 121: South Asia & ASEAN Market Attractiveness Analysis by Country, 2023 to 2033
Figure 122: South Asia & ASEAN Market Share Analysis By Capacity - 2023 & 2033
Figure 123: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 124: South Asia & ASEAN Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 125: South Asia & ASEAN Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 126: South Asia & ASEAN Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 127: South Asia & ASEAN Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 128: South Asia & ASEAN Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 129: South Asia & ASEAN Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 130: South Asia & ASEAN Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 131: South Asia & ASEAN Market Share Analysis By Type - 2023 & 2033
Figure 132: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 133: South Asia & ASEAN Market Attractiveness Analysis By Type, 2023 to 2033
Figure 134: South Asia & ASEAN Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 135: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 136: South Asia & ASEAN Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 137: Middle East & Africa Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 138: Middle East & Africa Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 139: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 140: Middle East & Africa Market Incremental $ Opportunity, 2022 to 2033
Figure 141: Middle East & Africa Market Share by Country– 2023 & 2033
Figure 142: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 143: Middle East & Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 144: Middle East & Africa Market Share Analysis By Capacity - 2023 & 2033
Figure 145: Middle East & Africa Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 146: Middle East & Africa Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 147: Middle East & Africa Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 148: Middle East & Africa Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 149: Middle East & Africa Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 150: Middle East & Africa Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 151: Middle East & Africa Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 152: Middle East & Africa Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 153: Middle East & Africa Market Share Analysis By Type - 2023 & 2033
Figure 154: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 155: Middle East & Africa Market Attractiveness Analysis By Type , 2023 to 2033
Figure 156: Middle East & Africa Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 157: Middle East & Africa Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 158: Middle East & Africa Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 159: Oceania Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2022
Figure 160: Oceania Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 161: Oceania Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 162: Oceania Market Incremental $ Opportunity, 2022 to 2033
Figure 163: Oceania Market Share by Country– 2023 & 2033
Figure 164: Oceania Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 165: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 166: Oceania Market Share Analysis By Capacity - 2023 & 2033
Figure 167: Oceania Market Value Y-o-Y Growth and Forecast By Capacity, 2023 to 2033
Figure 168: Oceania Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 169: Oceania Market Share By Capacity Up to 2000 Kg – 2023 & 2033
Figure 170: Oceania Market Attractiveness Analysis By Capacity Up to 2000 Kg – 2023 to 2033
Figure 171: Oceania Market Share By Capacity 2000 Kg to 4000 Kg – 2023 & 2033
Figure 172: Oceania Market Attractiveness Analysis By Capacity 2000 Kg to 4000 Kg – 2023 to 2033
Figure 173: Oceania Market Share By Capacity 4000 Kg and Above – 2023 & 2033
Figure 174: Oceania Market Attractiveness Analysis By Capacity 4000 Kg and Above – 2023 to 2033
Figure 175: Oceania Market Share Analysis By Type - 2023 & 2033
Figure 176: Oceania Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 177: Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 178: Oceania Market Share Analysis By Elevator Life Stage - 2023 & 2033
Figure 179: Oceania Market Value Y-o-Y Growth and Forecast By Elevator Life Stage, 2023 to 2033
Figure 180: Oceania Market Attractiveness Analysis By Elevator Life Stage, 2023 to 2033
Figure 181: United States Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 182: United States Market Value, By Capacity, 2023 & 2033
Figure 183: United States Market Incremental $ Opportunity, 2023 to 2033
Figure 184: Canada Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 185: Canada Market Value, By Capacity, 2023 & 2033
Figure 186: Canada Market Incremental $ Opportunity, 2023 to 2033
Figure 187: Mexico Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 188: Mexico Market Value, By Capacity, 2023 & 2033
Figure 189: Mexico Market Incremental $ Opportunity, 2023 to 2033
Figure 190: Brazil Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 191: Brazil Market Value, By Capacity, 2023 & 2033
Figure 192: Brazil Market Incremental $ Opportunity, 2023 to 2033
Figure 193: Chile Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 194: Chile Market Value, By Capacity, 2023 & 2033
Figure 195: Chile Market Incremental $ Opportunity, 2023 to 2033
Figure 196: Argentina Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 197: Argentina Market Value, By Capacity, 2023 & 2033
Figure 198: Argentina Market Incremental $ Opportunity, 2023 to 2033
Figure 199: Germany Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 200: Germany Market Value, By Capacity, 2023 & 2033
Figure 201: Germany Market Incremental $ Opportunity, 2023 to 2033
Figure 202: France Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 203: France Market Value, By Capacity, 2023 & 2033
Figure 204: France Market Incremental $ Opportunity, 2023 to 2033
Figure 205: Italy Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 206: Italy Market Value, By Capacity, 2023 & 2033
Figure 207: Italy Market Incremental $ Opportunity, 2023 to 2033
Figure 208: Spain Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 209: Spain Market Value, By Capacity, 2023 & 2033
Figure 210: Spain Market Incremental $ Opportunity, 2023 to 2033
Figure 211: United Kingdom Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 212: United Kingdom Market Value, By Capacity, 2023 & 2033
Figure 213: United Kingdom Market Incremental $ Opportunity, 2023 to 2033
Figure 214: China Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 215: China Market Value, By Capacity, 2023 & 2033
Figure 216: China Market Incremental $ Opportunity, 2023 to 2033
Figure 217: Japan Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 218: Japan Market Value, By Capacity, 2023 & 2033
Figure 219: Japan Market Incremental $ Opportunity, 2023 to 2033
Figure 220: South Korea Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 221: South Korea Market Value, By Capacity, 2023 & 2033
Figure 222: South Korea Market Incremental $ Opportunity, 2023 to 2033
Figure 223: India Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 224: India Market Value, By Capacity, 2023 & 2033
Figure 225: India Market Incremental $ Opportunity, 2023 to 2033
Figure 226: Thailand Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 227: Thailand Market Value, By Capacity, 2023 & 2033
Figure 228: Thailand Market Incremental $ Opportunity, 2023 to 2033
Figure 229: Indonesia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 230: Indonesia Market Value, By Capacity, 2023 & 2033
Figure 231: Indonesia Market Incremental $ Opportunity, 2023 to 2033
Figure 232: Malaysia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 233: Malaysia Market Value, By Capacity, 2023 & 2033
Figure 234: Malaysia Market Incremental $ Opportunity, 2023 to 2033
Figure 235: Saudi Arabia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 236: Saudi Arabia Market Value, By Capacity, 2023 & 2033
Figure 237: Saudi Arabia Market Incremental $ Opportunity, 2023 to 2033
Figure 238: UAE Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 239: UAE Market Value, By Capacity, 2023 & 2033
Figure 240: UAE Market Incremental $ Opportunity, 2023 to 2033
Figure 241: Turkiye Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 242: Turkiye Market Value, By Capacity, 2023 & 2033
Figure 243: Turkiye Market Incremental $ Opportunity, 2023 to 2033
Figure 244: South Africa Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 245: South Africa Market Value, By Capacity, 2023 & 2033
Figure 246: South Africa Market Incremental $ Opportunity, 2023 to 2033
Figure 247: Australia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 248: Australia Market Value, By Capacity, 2023 & 2033
Figure 249: Australia Market Incremental $ Opportunity, 2023 to 2033
Figure 250: New Zealand Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 251: New Zealand Market Value, By Capacity, 2023 & 2033
Figure 252: New Zealand Market Incremental $ Opportunity, 2023 to 2033
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- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 712.5 Million in 2023.
What valuation is the market estimated to reach by 2033?
The market is expected to reach a valuation of US$ 1.1 Billion by 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of -1% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 4.7% from 2023 to 2033.
Construction elevators of what capacity is expected to witness significant demand and what is its projected CAGR?
Construction Elevators of capacity 2000 Kg to 4000 Kg is projected to witness significant demand with a projected CAGR of 4.1%.
What buyer type of Construction Elevators is expected to witness significant demand and what is its projected CAGR?
Construction elevators demand through rental services is projected to grow at a CAGR of 4.2% during the forecast period.
What is the projected market size for United States?
The market in the United States is projected to be valued at US$ 274 Million and is expected to grow at a 3.4% CAGR.
Which are the key companies in the market?
Key players operating in the market are Alimak Group AB, Brand Safway, PEGA HOIST, STROS, Spartan Engineering Industries, Gaoli Engineering Machinery, XL Industries, Electroelsa Srl, and GEDA GmbH.
Construction Elevators Market