World Elevators

Industry forecasts for 2011 & 2016

Publication Date	August 2009
Publisher	Freedonia Group
Product Type	Report
Pages	256
ISBN Number	not applicable
Product Code	FED00141

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Summary

Global demand to increase 4% annually through 2013
The worldwide market for elevator and escalator products and services is forecast to increase four percent per annum through 2013 to $73 billion. The fastest gains will come from the Asia/Pacific region, which is expected to account for the majority of new revenue generated over the forecast period. Advances will be driven largely by robust construction activity in China and the more widespread construction of modern high-rise buildings in India. China is the world’s largest market for passenger and freight elevators in unit terms, and India is projected to become the second largest by 2013.

Other regional markets expected to grow faster than average include the Africa/ Mideast region and Latin America, although these markets are relatively small. Both of these markets doubled in size between 2003 and 2008, driven by strong nonresidential construction
activity and rising incomes. Demand for services is projected to grow especially fast, benefiting from a rapidly rising stock of installed elevators in these regions.

Western Europe boasts the most elevators in use of any region by a large margin. Due to the vast service requirements associated with maintaining these elevators, Western Europe is the largest market for elevator services, accounting for one-half of global demand in 2008. Demand for services in Western Europe also benefits from efforts to modernize the aging stock of elevators, driven by such initiatives as the European Safety Norms for Existing Lifts (SNEL).

Escalators, moving walkways among fastest growing product segments
Among different products, the escalators and moving walkways segment will have particularly fast growth. Demand for these products is forecast to increase four percent annually to $4 billion in 2013. Gains will be driven by demand in emerging markets, benefiting from construction of retail facilities and increased investment in transportation infrastructure. China was the largest market for escalators and moving walkways in 2008, having tripled in size over the past decade.

Content

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT
        General
        World Economic Overview
          Recent Economic Performance
          World Economic Outlook
        World Demographic Overview
          Population
          Urbanization
        Gross Domestic Product Per Capita
        World Building Construction Outlook
          Residential
          Nonresidential
        Legal & Regulatory Overview
          Safety Regulations
          Other Regulations
        Pricing Trends

III. MARKET OVERVIEW
        Demand by Region
        Relationship of Per Capita Income & Elevator Market
        Demand by Product & Service
          Equipment
           Passenger & Freight Elevators
           Escalators & Moving Walkways
           Parts & Other
          Service
           Installation
           Modernization & Repair
        Demand by Market
          Residential
          Nonresidential
        International Trade

IV. NORTH AMERICA
        General
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
        United States
        Canada
        Mexico

V. WESTERN EUROPE
        General
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
        Italy
        Germany
        Spain
        France
        United Kingdom
        Netherlands
        Other Western Europe

VI. ASIA/PACIFIC
        General
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
        China
        Japan
        South Korea
        India
        Other Asia/Pacific

VII. OTHER REGIONS
        Latin America
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
          Brazil
          Other Latin America
        Eastern Europe
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
          Russia
          Other Eastern Europe
        Africa/Mideast
          Supply & Demand
          Demand by Type & Market
          Passenger/Freight Elevator Demand
          Turkey
          Other Africa/Mideast

VIII. INDUSTRY STRUCTURE
        General
        Market Composition
        Market Share
        Manufacturing & Development
        Marketing & Distribution
        Mergers & Acquisitions
        Cooperative Agreements

Company Profiles
          Alimak Hek Group AB
          Apex Elevators Pvt Limited
          China Ningbo Xinda Group Company Limited
          City Lifts India Limited
          Delta Elevator Company Limited
          Eros Elevators Private Limited
          Eskay Elevators Private Limited
          FARMA SpA
          Fujitec Company Limited
          Hitachi Limited
          Huetter-Aufzuege GmbH
          Hyundai Elevator Company Limited
          Johnson Lifts Private Limited
          Karacharovo Mechanical Factory Open
           Joint Stock Company
          KONE Corporation
          LM Liftmaterial GmbH, see SEMATIC Italia
          Mitsubishi Electric Corporation
          Ningbo Hongda Elevator Company Limited,
           see China Ningbo Xinda Group
          Orona S. Cooperativa
          Otis Elevator Company, see United Technologies
          Schindler Holding Limited
          SEMATIC Italia SpA
          SIGMA Elevator Company
          SODIMAS
          Supriya Elevator India Private Limited
          ThyssenKrupp AG
          Toshiba Corporation
          Tyler Elevator Products, see SEMATIC Italia
          United Technologies Corporation
          Verri srl, see SEMATIC Italia
          Vestner Aufzuege GmbH & Company KG

LIST OF TABLES

        SECTION I -- EXECUTIVE SUMMARY
        Summary Table

        SECTION II -- MARKET ENVIRONMENT
      1 World Gross Domestic Product by Region
      2 World Population by Region
      3 World Urban Population by Region
      4 World Per Capita GDP by Region
      5 World Building Construction Expenditures by Region
      6 World Residential Building Construction Expenditures
          by Region
      7 World Nonresidential Building Construction Expenditures
          by Region
      8 Average Passenger/Freight Elevator Prices by Region

        SECTION III -- MARKET OVERVIEW
      1 World Elevator Equipment & Service Demand by Region
      2 World Elevator Equipment & Service Demand
      3 World Passenger/Freight Elevator Demand by Region
      4 World Escalator & Moving Walkway Demand by Region
      5 World Elevator Parts & Other Equipment Demand by Region
      6 World Elevator Installation Service Demand by Region
      7 World Elevator Modernization & Repair Service Demand
      8 World Elevator Demand by Market
      9 World Elevator Equipment Net Exports by Region

        SECTION IV -- NORTH AMERICA
      1 North America -- Elevator Supply & Demand
      2 North America -- Elevator Demand by Type & Market
      3 North America -- Passenger/Freight Elevator Demand
      4 United States -- Elevator Supply & Demand
      5 United States -- Elevator Demand by Type & Market
      6 United States -- Passenger/Freight Elevator Demand
      7 Canada -- Elevator Supply & Demand
      8 Canada -- Elevator Demand by Type & Market
      9 Canada -- Passenger/Freight Elevator Demand
     10 Mexico -- Elevator Supply & Demand
     11 Mexico -- Elevator Demand by Type & Market
     12 Mexico -- Passenger/Freight Elevator Demand

        SECTION V -- WESTERN EUROPE
      1 Western Europe -- Elevator Supply & Demand
      2 Western Europe -- Elevator Demand by Type & Market
      3 Western Europe -- Passenger/Freight Elevator Demand
      4 Italy -- Elevator Supply & Demand
      5 Italy -- Elevator Demand by Type & Market
      6 Italy -- Passenger/Freight Elevator Demand
      7 Germany -- Elevator Supply & Demand
      8 Germany -- Elevator Demand by Type & Market
      9 Germany -- Passenger/Freight Elevator Demand
     10 Spain -- Elevator Supply & Demand
     11 Spain -- Elevator Demand by Type & Market
     12 Spain -- Passenger/Freight Elevator Demand
     13 France -- Elevator Supply & Demand
     14 France -- Elevator Demand by Type & Market
     15 France -- Passenger/Freight Elevator Demand
     16 United Kingdom -- Elevator Supply & Demand
     17 United Kingdom -- Elevator Demand by Type & Market
     18 United Kingdom -- Passenger/Freight Elevator Demand
     19 Netherlands -- Elevator Supply & Demand
     20 Netherlands -- Elevator Demand by Type & Market
     21 Netherlands -- Passenger/Freight Elevator Demand
     22 Other Western Europe -- Elevator Supply & Demand
     23 Other Western Europe -- Elevator Demand by Type & Market
     24 Other Western Europe -- Passenger/Freight Elevator Demand

        SECTION VI -- ASIA/PACIFIC
      1 Asia/Pacific -- Elevator Supply & Demand
      2 Asia/Pacific -- Elevator Demand by Type & Market
      3 Asia/Pacific -- Passenger/Freight Elevator Demand
      4 China -- Elevator Supply & Demand
      5 China -- Elevator Demand by Type & Market
      6 China -- Passenger/Freight Elevator Demand
      7 Japan -- Elevator Supply & Demand
      8 Japan -- Elevator Demand by Type & Market
      9 Japan -- Passenger/Freight Elevator Demand
     10 South Korea -- Elevator Supply & Demand
     11 South Korea -- Elevator Demand by Type & Market
     12 South Korea -- Passenger/Freight Elevator Demand
     13 India -- Elevator Supply & Demand
     14 India -- Elevator Demand by Type & Market
     15 India -- Passenger/Freight Elevator Demand
     16 Other Asia/Pacific -- Elevator Supply & Demand
     17 Other Asia/Pacific -- Elevator Demand by Type & Market
     18 Other Asia/Pacific -- Passenger/Freight Elevator Demand

        SECTION VII -- OTHER REGIONS
      1 Latin America -- Elevator Supply & Demand
      2 Latin America -- Elevator Demand by Type & Market
      3 Latin America -- Passenger/Freight Elevator Demand
      4 Brazil -- Elevator Supply & Demand
      5 Brazil -- Elevator Demand by Type & Market
      6 Brazil -- Passenger/Freight Elevator Demand
      7 Other Latin America -- Elevator Supply & Demand
      8 Other Latin America -- Elevator Demand by Type & Market
      9 Other Latin America -- Passenger/Freight Elevator Demand
     10 Eastern Europe -- Elevator Supply & Demand
     11 Eastern Europe -- Elevator Demand by Type & Market
     12 Eastern Europe -- Passenger/Freight Elevator Demand
     13 Russia -- Elevator Supply & Demand
     14 Russia -- Elevator Demand by Type & Market
     15 Russia -- Passenger/Freight Elevator Demand
     16 Other Eastern Europe -- Elevator Supply & Demand
     17 Other Eastern Europe -- Elevator Demand by Type & Market
     18 Other Eastern Europe -- Passenger/Freight Elevator Demand
     19 Africa/Mideast -- Elevator Supply & Demand
     20 Africa/Mideast -- Elevator Demand by Type & Market
     21 Africa/Mideast -- Passenger/Freight Elevator Demand
     22 Turkey -- Elevator Supply & Demand
     23 Turkey -- Elevator Demand by Type & Market
     24 Turkey -- Passenger/Freight Elevator Demand
     25 Other Africa/Mideast -- Elevator Supply & Demand
     26 Other Africa/Mideast -- Elevator Demand by Type & Market
     27 Other Africa/Mideast -- Passenger/Freight Elevator Demand

        SECTION VIII -- INDUSTRY STRUCTURE
      1 World Elevator Sales by Company, 2008
      2 Selected Acquisitions & Divestitures
      3 Selected Cooperative Agreements

LIST OF CHARTS

        SECTION III -- MARKET OVERVIEW
      1 Gross Domestic Product Per Capita &
          Elevator Demand Per Urban Capita Relationship, 2008
      2 World Passenger/Freight Elevator Market, 2008
      3 Interregional Trade in Elevator Equipment, 2008

        SECTION VIII -- INDUSTRY STRUCTURE
      1 World Elevator Market Share, 2008