Japan elevator & escalator market was valued at 2.54 Billion in 2019 and is expected to be valued at USD 3.19 Billion by 2025 in terms of value. Key factors propelling the growth of Japan elevator & escalator market are increasing urbanization, increasing renovation as well as building of new public facilities, and growing investment in the real estate market. Apart from that, the development of high-rise commercial buildings such as office spaces, malls, and other shopping complexes are creating a high demand for elevator & escalators in Japan. The country is scheduled to hold the 2020 Summer Olympics and 2020 Summer Paralympics games in 2021 which has led to a boom in the construction industry, thereby increasing the sale of elevators & escalators.
Furthermore, the construction of high-rise technology-powered buildings and the growing popularity of energy-efficient or green elevators are anticipated to positively impact the Japan elevator & escalator market during the forecast period. In addition to this, elevator & escalator manufacturers are required to abide by the safety rules issued by regulating authority while launching any new product into the market.
Japan elevator & escalator market can be segmented based on type, service, elevator technology, elevator door, end user, and region. Based on type, the market is segmented into elevators, escalators, and moving walkways. Among them, elevators accounted for 88.16% market share in 2019 owing to their high installation in old as well as new residential and commercial buildings in the country. Moreover, the segment is further expected to dominate the market during the forecast period and hold a market share of 88.33% by 2025.
Based on end users, Japan’s elevator & escalator market can be categorized into residential, commercial, institutional, infrastructural, and others. Among them, the commercial sector is expected to dominate the market during the forecast period owing to the increasing number of high-rise commercial buildings including shopping malls and office spaces.
Major companies operating in Japan elevator & escalator market include KONE Corporation, Hitachi Group, Otis Elevator Company (UTC), Mitsubishi Electric Corporation, Schindler Holding Ltd., Fujitec Company Limited, ThyssenKrupp AG and Toshiba Elevator and Building Systems Corporation, among others. Leading companies are investing in the latest technology and designs in order to expand their product portfolio. They are also undergoing inorganic growth strategies such as mergers & acquisitions, partnerships, joint ventures, and collaborations.
Years considered for this report:
- Historical Years: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021–2025
The objective of the Study:
- To analyze and forecast the market size of Japan elevator & escalator market.
- To forecast Japan elevator & escalator market based on type, service, elevator technology, elevator door, end user, company, and regional distribution.
- To identify drivers and challenges for the Japan elevator & escalator market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the Japan elevator & escalator market.
- To identify and analyze the profile of leading players operating in the Japan elevator & escalator market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator & escalator companies across Japan. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated Japan elevator & escalator market size using a bottom-up approach, where data for various end users and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience:
- Elevator & escalator manufacturers/companies/partners
- Suppliers and distributors
- Government bodies such as regulating authorities and policymakers
- Organizations, industry associations, forums, and alliances related to the elevator & escalator market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as escalator & elevator manufacturing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Japan Elevator & Escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Japan Elevator & Escalator Market, By Type:
- Elevator
- Escalator
- Moving Walkways
- Japan Elevator & Escalator Market, By Service:
- New Installation
- Modernization and Maintenance & Repair
- Japan Elevator & Escalator Market, By Elevator Technology:
- Hydraulic
- Traction & Machine Room-Less Traction
- Japan Elevator & Escalator Market, By Elevator Door Type:
- Automatic
Manual
- Automatic
- Japan Elevator & Escalator Market, By End User:
- Residential
- Commercial
- Institutional
- Infrastructural
- Others
- Japan Elevator & Escalator Market, By Region:
- Kanto
- Chubu
- Kansai
- Rest of Japan
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Japan elevator & escalator market.
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Table of Content
- Product Overview
- Research Methodology
- Impact of COVID-19 on Japan Elevator & Escalator Market
- Executive Summary
- Voice of Customers
5.1. Brand Awareness
5.2. Brand Satisfaction
5.3. Challenges & Unmet Needs
5.4. Annual Maintenance Service
- Japan Elevator & Escalator Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Elevator, Escalator and Moving Walkways)
6.2.1.1. By Elevator Technology (Hydraulic, Traction and Machine Room-Less Traction)
6.2.1.2. By Elevator Door Type (Automatic and Manual)
6.2.2. By Service (Modernization and Maintenance & Repair, New Installation)
6.2.3. By End User (Residential, Commercial, Institutional, Infrastructural and Others)
6.2.4. By Region
6.2.5. By Company (2020)
6.3. Product Market Map
- Japan Modernization and Maintenance & Repair Elevator & Escalator Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By End User
- Japan New Installation Elevator & Escalator Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume (New Installations)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By End User
- Market Dynamics
9.1. Drivers/Opportunities
9.2. Challenges/Restraints
- Trade Dynamics
- Value Chain Analysis
- Market Trends & Developments
- Policy & Regulatory Landscape
- Japan Economic Profile
- Competitive Landscape
15.1. Competition Outlook
15.2. Company Profiles (Partial List of Leading Companies)
15.2.1. KONE Corporation
15.2.1.1. Company Overview
15.2.1.2. Products & Services
15.2.1.3. Financials (If available)
15.2.1.4. Current & Future Strategy
15.2.1.5. Key Management
15.2.1.6. Contact Details
15.2.2. Hitachi Group
15.2.3. Otis Elevator Company (UTC)
15.2.4. Mitsubishi Electric Corporation
15.2.5. Schindler Holding Ltd.
15.2.6. Fujitec Company Limited
15.2.7. thyssenkrupp AG
15.2.8. Toshiba Elevator and Building Systems Corporation
- Strategic Recommendations
- About Us & Disclaimer