Setting

Global Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End Use (Residential, Commercial, Industrial), and Region: Trend Outlook and Growth Opportunity

Published: 30 Aug 2021 | Report Code: 10248080 | Pages: 162

Global elevator equipment & service market will reach $154.0 billion by 2027, growing by 5.6% annually over 2020-2027 owing to the rising urbanization, upswing in digitalization, increasing geriatric population, growing construction and maintenance/upgrade activities. Highlighted with 86 tables and 88 figures, this 162-page report “Global Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End Use (Residential, Commercial, Industrial), and Region: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire global elevator equipment & service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global elevator equipment & service market in every aspect of the classification from perspectives of Offering, Product Type, Technology, End Use, and Region. Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Elevator Equipment o Passenger & Freight Elevators o Escalators & Moving Walkways o Parts & Accessories • Elevator Service o Installation Service o Maintenance & Repair Service o Modernization & Upgrade Service Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Elevators • Escalators • Moving Walkways Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Hydraulic Elevators o Conventional Hydraulic Elevators o Hole-less Hydraulic Elevators o Roped Hydraulic Elevators • Traction Elevators o Geared Traction Elevators o Gear-less Traction Elevators o Machine Room-Less Elevators • Climbing Elevators • Pneumatic/Vacuum Elevators Based on End Use, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section. • Residential Use • Commercial Use • Industrial Use • Other End Uses Geographically, the following regions together with the listed national/local markets are fully investigated: • North America (U.S., Canada, and Mexico) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE, Saudi Arabia, South Africa) For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Offering, Product Type, and End Use over the forecast years are 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 (this may not be a complete list and extra companies can be added upon request): 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.)

Table Of Contents

1 Introduction 9 1.1 Industry Definition and Research Scope 9 1.1.1 Industry Definition 9 1.1.2 Research Scope 10 1.2 Research Methodology 13 1.2.1 Overview of Market Research Methodology 13 1.2.2 Market Assumption 14 1.2.3 Secondary Data 14 1.2.4 Primary Data 14 1.2.5 Data Filtration and Model Design 15 1.2.6 Market Size/Share Estimation 16 1.2.7 Research Limitations 17 1.3 Executive Summary 18 2 Market Overview and Dynamics 20 2.1 Market Size and Forecast 20 2.1.1 Impact of COVID-19 on World Economy 21 2.1.2 Impact of COVID-19 on the Market 23 2.2 Major Growth Drivers 25 2.3 Market Restraints and Challenges 31 2.4 Emerging Opportunities and Market Trends 34 2.5 Porter’s Fiver Forces Analysis 38 3 Segmentation of Global Market by Offering 42 3.1 Market Overview by Offering 42 3.2 Elevator Equipment 44 3.2.1 Passenger & Freight Elevators 45 3.2.2 Escalators & Moving Walkways 46 3.2.3 Parts & Accessories 47 3.3 Elevator Service 48 3.3.1 Installation Service 49 3.3.2 Maintenance & Repair Service 50 3.3.3 Modernization & Upgrade Service 51 4 Segmentation of Global Market by Product Type 52 4.1 Market Overview by Product Type 52 4.2 Elevators 54 4.3 Escalators 55 4.4 Moving Walkways 56 5 Segmentation of Global Market by Technology 58 5.1 Market Overview by Technology 58 5.2 Hydraulic Elevators 60 5.2.1 Conventional Hydraulic Elevators 62 5.2.2 Hole-less Hydraulic Elevators 63 5.2.3 Roped Hydraulic Elevators 64 5.3 Traction Elevators 65 5.3.1 Geared Traction Elevators 67 5.3.2 Gear-less Traction Elevators 68 5.3.3 Machine Room-Less Elevators 69 5.4 Climbing Elevators 70 5.5 Pneumatic/Vacuum Elevators 71 6 Segmentation of Global Market by End Use 72 6.1 Market Overview by End Use 72 6.2 Residential Use 74 6.3 Commercial Use 75 6.4 Industrial Use 76 6.5 Other End Uses 77 7 Segmentation of Global Market by Region 78 7.1 Geographic Market Overview 2020-2027 78 7.2 North America Market 2020-2027 by Country 82 7.2.1 Overview of North America Market 82 7.2.2 U.S. 85 7.2.3 Canada 88 7.2.4 Mexico 90 7.3 European Market 2020-2027 by Country 92 7.3.1 Overview of European Market 92 7.3.2 UK 95 7.3.3 France 97 7.3.4 Germany 99 7.3.5 Spain 101 7.3.6 Italy 103 7.3.7 Russia 105 7.3.8 Rest of European Market 107 7.4 Asia-Pacific Market 2020-2027 by Country 109 7.4.1 Overview of Asia-Pacific Market 109 7.4.2 China 112 7.4.3 Japan 114 7.4.4 India 117 7.4.5 Australia 119 7.4.6 South Korea 121 7.4.7 Rest of APAC Region 123 7.5 South America Market 2020-2027 by Country 125 7.5.1 Argentina 128 7.5.2 Brazil 130 7.5.3 Chile 132 7.5.4 Rest of South America Market 134 7.6 MEA Market 2020-2027 by Country 135 7.6.1 UAE 138 7.6.2 Saudi Arabia 140 7.6.3 South Africa 142 7.6.4 Other National Markets 144 8 Competitive Landscape 145 8.1 Overview of Key Vendors 145 8.2 New Product Launch, Partnership, Investment, and M&A 149 8.3 Company Profiles 150 Fujitec Corporation Limited 150 Hitachi, Ltd. 152 Hyundai Elevator Co., Ltd. 153 Kleemann Hellas S.A. 154 Kone Corporation 155 Mitsubishi Electric Corporation 156 Otis Worldwide Corporation 157 Schindler Group 158 Sigma Elevator Company Limited 159 ThyssenKrupp AG 160 Toshiba Elevator and Building Systems Corporation 161 RELATED REPORTS 162
List of Tables:

Table 1.  Snapshot of Global Elevator Equipment & Service Market in Balanced Perspective, 2020-2027	19
Table 2. Growth Rate of World GDP, 2020-2022	22
Table 3. World Construction Industry Output, 2017-2030, $ trillion	27
Table 4.  Main Product Trends and Market Opportunities in Global Elevator Equipment & Service Market	34
Table 5. Global Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	42
Table 6. Global Elevator Equipment & Service Market: Elevator Equipment by Type, 2017-2027, $ bn	44
Table 7. Global Elevator Equipment & Service Market: Elevator Service by Type, 2017-2027, $ bn	48
Table 8. Global Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	52
Table 9. Global Elevator Equipment & Service Market by Technology, 2017-2027, $ bn	58
Table 10. Global Elevator Equipment & Service Market: Hydraulic Elevators by Type, 2017-2027, $ bn	61
Table 11. Global Elevator Equipment & Service Market: Traction Elevators by Type, 2017-2027, $ bn	66
Table 12. Global Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	72
Table 13. Global Elevator Equipment & Service Market by Region, 2017-2027, $ bn	79
Table 14.  Leading National Elevator Equipment & Service Market, 2020 and 2027, $ bn	81
Table 15. North America Elevator Equipment & Service Market by Country, 2017-2027, $ bn	84
Table 16. U.S. Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	87
Table 17. U.S. Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	87
Table 18. U.S. Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	87
Table 19. Canada Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	89
Table 20. Canada Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	89
Table 21. Canada Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	89
Table 22. Mexico Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	91
Table 23. Mexico Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	91
Table 24. Mexico Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	91
Table 25. Europe Elevator Equipment & Service Market by Country, 2017-2027, $ bn	94
Table 26. UK Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	96
Table 27. UK Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	96
Table 28. UK Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	96
Table 29. France Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	98
Table 30. France Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	98
Table 31. France Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	98
Table 32. Germany Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	100
Table 33. Germany Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	100
Table 34. Germany Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	100
Table 35. Spain Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	102
Table 36. Spain Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	102
Table 37. Spain Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	102
Table 38. Italy Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	104
Table 39. Italy Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	104
Table 40. Italy Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	104
Table 41. Russia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	106
Table 42. Russia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	106
Table 43. Russia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	106
Table 44. Elevator Equipment & Service Market in Rest of Europe by Country, 2017-2027, $ bn	108
Table 45. APAC Elevator Equipment & Service Market by Country, 2017-2027, $ bn	111
Table 46. China Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	113
Table 47. China Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	113
Table 48. China Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	113
Table 49. Japan Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	116
Table 50. Japan Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	116
Table 51. Japan Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	116
Table 52. India Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	118
Table 53. India Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	118
Table 54. India Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	118
Table 55. Australia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	120
Table 56. Australia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	120
Table 57. Australia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	120
Table 58. South Korea Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	122
Table 59. South Korea Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	122
Table 60. South Korea Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	122
Table 61. Elevator Equipment & Service Market in Rest of APAC by Country/Region, 2017-2027, $ bn	124
Table 62. South America Elevator Equipment & Service Market by Country, 2017-2027, $ bn	127
Table 63. Argentina Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	129
Table 64. Argentina Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	129
Table 65. Argentina Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	129
Table 66. Brazil Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	131
Table 67. Brazil Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	131
Table 68. Brazil Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	131
Table 69. Chile Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	133
Table 70. Chile Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	133
Table 71. Chile Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	133
Table 72. MEA Elevator Equipment & Service Market by Country, 2017-2027, $ bn	137
Table 73. UAE Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	139
Table 74. UAE Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	139
Table 75. UAE Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	139
Table 76. Saudi Arabia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	141
Table 77. Saudi Arabia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	141
Table 78. Saudi Arabia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	141
Table 79. South Africa Elevator Equipment & Service Market by Offering, 2017-2027, $ bn	143
Table 80. South Africa Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn	143
Table 81. South Africa Elevator Equipment & Service Market by End Use, 2017-2027, $ bn	143
Table 82. Breakdown of World Elevator Equipment & Service Market by Key Vendor, 2020, %	147
Table 83. Fujitec Corporation Limited: Company Snapshot	150
Table 84. Fujitec Corporation Limited: Business Segmentation	150
Table 85. Fujitec Corporation Limited: Product Portfolio	151
Table 86. Fujitec Corporation Limited: Revenue, 2017-2019, $ bn	151
List of Figures:

Figure 1. Research Method Flow Chart	13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation	16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027	18
Figure 4. Global Elevator Equipment & Service Market, 2017-2027, $ bn	20
Figure 5. Impact of COVID-19 on Business	23
Figure 6. Primary Drivers and Impact Factors of Global Elevator Equipment & Service Market	25
Figure 7. GDP per capita in the World, 1960-2018, $ thousand	28
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million	28
Figure 9.  Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million	30
Figure 10. World Population 65 and Over, % of Total Population, 1950-2060	30
Figure 11. Primary Restraints and Impact Factors of Global Elevator Equipment & Service Market	31
Figure 12. Investment Opportunity Analysis	35
Figure 13. Porter’s Fiver Forces Analysis of Global Elevator Equipment & Service Market	38
Figure 14. Breakdown of Global Elevator Equipment & Service Market by Offering, 2020-2027, % of Revenue	42
Figure 15. Contribution to Global 2021-2027 Cumulative Revenue by Offering, Value ($ bn) and Share (%)	43
Figure 16. Global Elevator Equipment & Service Market: Elevator Equipment, 2017-2027, $ bn	44
Figure 17. Global Elevator Equipment & Service Market: Passenger & Freight Elevators, 2017-2027, $ bn	45
Figure 18. Global Elevator Equipment & Service Market: Escalators & Moving Walkways, 2017-2027, $ bn	46
Figure 19. Global Elevator Equipment & Service Market: Parts & Accessories, 2017-2027, $ bn	47
Figure 20. Global Elevator Equipment & Service Market: Elevator Service, 2017-2027, $ bn	48
Figure 21. Global Elevator Equipment & Service Market: Installation Service, 2017-2027, $ bn	49
Figure 22. Global Elevator Equipment & Service Market: Maintenance & Repair Service, 2017-2027, $ bn	50
Figure 23. Global Elevator Equipment & Service Market: Modernization & Upgrade Service, 2017-2027, $ bn	51
Figure 24. Breakdown of Global Elevator Equipment & Service Market by Product Type, 2020-2027, % of Revenue	52
Figure 25. Contribution to Global 2021-2027 Cumulative Revenue by Product Type, Value ($ bn) and Share (%)	53
Figure 26. Global Elevator Equipment & Service Market: Elevators, 2017-2027, $ bn	54
Figure 27. Global Elevator Equipment & Service Market: Escalators, 2017-2027, $ bn	55
Figure 28. Global Elevator Equipment & Service Market: Moving Walkways, 2017-2027, $ bn	56
Figure 29. Breakdown of Global Elevator Equipment & Service Market by Technology, 2020-2027, % of Revenue	58
Figure 30. Contribution to Global 2021-2027 Cumulative Revenue by Technology, Value ($ bn) and Share (%)	59
Figure 31. Global Elevator Equipment & Service Market: Hydraulic Elevators, 2017-2027, $ bn	60
Figure 32. Global Elevator Equipment & Service Market: Conventional Hydraulic Elevators, 2017-2027, $ bn	62
Figure 33. Global Elevator Equipment & Service Market: Hole-less Hydraulic Elevators, 2017-2027, $ bn	63
Figure 34. Global Elevator Equipment & Service Market: Roped Hydraulic Elevators, 2017-2027, $ bn	64
Figure 35. Global Elevator Equipment & Service Market: Traction Elevators, 2017-2027, $ bn	65
Figure 36. Global Elevator Equipment & Service Market: Geared Traction Elevators, 2017-2027, $ bn	67
Figure 37. Global Elevator Equipment & Service Market: Gear-less Traction Elevators, 2017-2027, $ bn	68
Figure 38. Global Elevator Equipment & Service Market: Machine Room-Less Elevators, 2017-2027, $ bn	69
Figure 39. Global Elevator Equipment & Service Market: Climbing Elevators, 2017-2027, $ bn	70
Figure 40. Global Elevator Equipment & Service Market: Pneumatic/Vacuum Elevators, 2017-2027, $ bn	71
Figure 41. Breakdown of Global Elevator Equipment & Service Market by End Use, 2020-2027, % of Revenue	72
Figure 42. Contribution to Global 2021-2027 Cumulative Revenue by End Use, Value ($ bn) and Share (%)	73
Figure 43. Global Elevator Equipment & Service Market: Residential Use, 2017-2027, $ bn	74
Figure 44. Global Elevator Equipment & Service Market: Commercial Use, 2017-2027, $ bn	75
Figure 45. Global Elevator Equipment & Service Market: Industrial Use, 2017-2027, $ bn	76
Figure 46. Global Elevator Equipment & Service Market: Other End Uses, 2017-2027, $ bn	77
Figure 47.  Global Market Snapshot by Region	78
Figure 48.  Geographic Spread of Worldwide Elevator Equipment & Service Market, 2020-2027, % of Revenue	79
Figure 49. Contribution to Global 2021-2027 Cumulative Revenue by Region, Value ($ bn) and Share (%)	80
Figure 50.  North American Elevator Equipment & Service Market, 2017-2027, $ bn	83
Figure 51. Breakdown of North America Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue	83
Figure 52. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)	84
Figure 53. U.S. Elevator Equipment & Service Market, 2017-2027, $ bn	86
Figure 54. Canada Elevator Equipment & Service Market, 2017-2027, $ bn	88
Figure 55.  Elevator Equipment & Service Market in Mexico, 2017-2027, $ bn	90
Figure 56.  European Elevator Equipment & Service Market, 2017-2027, $ bn	93
Figure 57. Breakdown of European Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue	93
Figure 58. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)	94
Figure 59.  Elevator Equipment & Service Market in UK, 2017-2027, $ bn	95
Figure 60.  Elevator Equipment & Service Market in France, 2017-2027, $ bn	97
Figure 61.  Elevator Equipment & Service Market in Germany, 2017-2027, $ bn	99
Figure 62.  Elevator Equipment & Service Market in Spain, 2017-2027, $ bn	101
Figure 63.  Elevator Equipment & Service Market in Italy, 2017-2027, $ bn	103
Figure 64.  Elevator Equipment & Service Market in Russia, 2017-2027, $ bn	105
Figure 65.  Elevator Equipment & Service Market in Rest of Europe, 2017-2027, $ bn	107
Figure 66. Asia-Pacific Elevator Equipment & Service Market, 2017-2027, $ bn	110
Figure 67. Breakdown of APAC Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue	110
Figure 68. Contribution to APAC 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)	111
Figure 69.  Elevator Equipment & Service Market in China, 2017-2027, $ bn	112
Figure 70.  Elevator Equipment & Service Market in Japan, 2017-2027, $ bn	115
Figure 71.  Elevator Equipment & Service Market in India, 2017-2027, $ bn	117
Figure 72.  Elevator Equipment & Service Market in Australia, 2017-2027, $ bn	119
Figure 73.  Elevator Equipment & Service Market in South Korea, 2017-2027, $ bn	121
Figure 74.  Elevator Equipment & Service Market in Rest of APAC, 2017-2027, $ bn	123
Figure 75. South America Elevator Equipment & Service Market, 2017-2027, $ bn	126
Figure 76. Breakdown of South America Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue	126
Figure 77. Contribution to South America 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)	127
Figure 78.  Elevator Equipment & Service Market in Argentina, 2017-2027, $ bn	128
Figure 79.  Elevator Equipment & Service Market in Brazil, 2017-2027, $ bn	130
Figure 80.  Elevator Equipment & Service Market in Chile, 2017-2027, $ bn	132
Figure 81.  Elevator Equipment & Service Market in Rest of South America, 2017-2027, $ bn	134
Figure 82. Elevator Equipment & Service Market in Middle East and Africa (MEA), 2017-2027, $ bn	136
Figure 83. Breakdown of MEA Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue	136
Figure 84. Contribution to MEA 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)	137
Figure 85.  Elevator Equipment & Service Market in UAE, 2017-2027, $ bn	138
Figure 86.  Elevator Equipment & Service Market in Saudi Arabia, 2017-2027, $ bn	140
Figure 87.  Elevator Equipment & Service Market in South Africa, 2017-2027, $ bn	142
Figure 88. Growth Stage of Global Elevator Equipment & Service Industry over the Forecast Period	145
Key Players (this may not be a complete list and extra companies can be added upon request): 
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.)