MIR Announces the Publication of its Research Report – Elevator and Escalator Market in Germany 2017-2021
MIR recognizes the following companies as the key players in the elevator and escalator market in Germany: KONE, Schindler, Otis Elevator, thyssenkrupp Aufzüge, and Schmitt + Sohn.
Other Prominent Vendors in the market are: 4E ENTERPRISE ELEVATOR & ESCALATOR, ENGINEERING, AAE Aufzugs-Anlagen-Engineering, A.R.G. (Schweiz), AS Aufzug + Service (AS Elevator + Service), Aufzug & Autoparksysteme Berlin, Brobeil Aufzüge, Friedrich Daniels, Fuji Electric, Fujitec, KOHLER Elevator, LUTZ Elevators, Mayland Aufzüge, Nunn Aufzuge, Omega Lifts, and Wittur.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is adoption of advanced materials for ropes. A variety of roping systems can be employed depending on the conditions of each installation (machine positioning, rated load and speed, and available space among others). Energy-efficient initiatives have led to innovations in the rope technology. Manufacturers are reducing the weight of the sheave, pulleys, and steel cable, as they have a significant effect on the energy consumption of lifts. The weight of ropes is becoming an increasingly important concern as building heights increase rapidly. Rope weight increases rather exponentially with height and can reach 50 to 70 tons to move just a few passengers in a high‐rise building.”
According to the report, one of the major drivers for this market is increasing adoption of energy-efficient elevators and escalators. As comfort requirements have increased, energy consumption in buildings has undergone a significant increase, which is one of the leading causes of CO₂ emissions. As per EUROPA, buildings in the European Union (EU) are responsible for approximately 40% of the total energy consumption and 36% of CO₂ emissions. Elevators and escalators are estimated to account for 1%-2% of the building energy in Germany.
Further, the report states that one of the major factors hindering the growth of this market is economic profitability of investments in energy-efficient systems. Most office supervisors look first to the lighting, warming, and cooling frameworks before reducing the energy use in their structures. This is considered a justifiable approach, as these frameworks together record for more than half of the energy utilized by buildings. Elevators represent a much smaller size of buildings energy utilization as most elevators are almost 20 years old and can be improved to save up to 50% of electricity through utilization of superior drives. Changing energy prices may affect the economic profitability of investments in energy‐efficient technology. This is a reason for the market reluctant to invest in energy‐efficient lifts and escalators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Elevator and Escalator
Elevators and escalators are vertical transportation devices that help move people and goods easily and efficiently within a building. An elevator is a type of vertical transport equipment that efficiently moves passengers or goods between stories of a building, vessel, and other structures. Electric motors power these elevators. An escalator is a moving staircase or a conveyor transport equipment that moves passengers between stories of a building. Escalators include moving stairways and moving walkways. They include moving stairways and moving walkways. They are installed in commercial buildings, residential buildings, mixed-use buildings, education buildings, public transportation, healthcare, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to optimize the use of space.
MIR’s analysts forecast the elevator and escalator market in Germany to grow at a CAGR of 5.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the elevator and escalator market in Germany for 2017-2021. To calculate the market size, the report considers the new installations, modernization, and maintenance services market.
MIR's report, Elevator and Escalator Market in Germany 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Otis Elevator
• thyssenkrupp Aufzüge
• Schmitt + Sohn
Other prominent vendors
• 4E ENTERPRISE ELEVATOR & ESCALATOR
• AAE Aufzugs-Anlagen-Engineering
• A.R.G. (Schweiz)
• AS Aufzug + Service (AS Elevator + Service)
• Aufzug & Autoparksysteme Berlin
• Brobeil Aufzüge
• Friedrich Daniels
• Fuji Electric
• KOHLER Elevator
• LUTZ Elevators
• Mayland Aufzüge
• Nunn Aufzuge
• Omega Lifts
• Increasing adoption of energy-efficient elevators and escalators
• For a full, detailed list, view our report
• Economic profitability of investments in energy-efficient systems
• For a full, detailed list, view our report
• Adoption of advanced materials for ropes
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
"Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
â¢ Key market highlights
PART 05: Market landscape
â¢ Market overview
â¢ Market size and forecast
â¢ Five forces analysis
PART 06: Market segmentation by product
â¢ Elevator and escalator market in Germany by product
â¢ Elevator market in Germany
â¢ Escalator market in Germany
PART 07: Market segmentation by service
â¢ Elevator and escalator market in Germany by service
â¢ Elevator and escalator market in Germany by maintenance segment
â¢ Elevator and escalator market in Germany by new installations segment
â¢ Elevator and escalator market in Germany by modernization segment
PART 08: Decision framework
PART 09: Drivers and challenges
â¢ Market drivers
â¢ Impact of drivers on key service segments
â¢ Market challenges
â¢ Impact of challenges on key customer segments
PART 10: Market trends
â¢ Rise of smart elevators
â¢ Adoption of advanced materials for ropes
â¢ Modular moving walkways
â¢ Energy-efficient gears
PART 11: Vendor landscape
â¢ Competitive scenario
â¢ Other prominent vendors
PART 12: Key vendor analysis
â¢ Otis Elevator
â¢ thyssenkrupp AufzÃ¼ge
â¢ Schmitt + Sohn
PART 13: Appendix
â¢ List of abbreviations
List of Exhibits
Exhibit 01: Classification of elevators
Exhibit 02: Classification of escalators
Exhibit 03: Product growth matrix 2016-2021
Exhibit 04: Values represented in product growth matrix
Exhibit 05: Service segment growth matrix 2016-2021
Exhibit 06: Values represented in service segment growth matrix
Exhibit 07: German elevator and escalator market segmentation
Exhibit 08: Elevator and escalator market in Germany 2016-2021 ($ millions)
Exhibit 09: Proposed high-rise residential buildings
Exhibit 10: Total air passenger transport by Germany in 2016 (millions)
Exhibit 11: Five forces analysis
Exhibit 12: Elevator and escalator market in Germany by product 2016 and 2021 (%)
Exhibit 13: Elevator market in Germany 2016-2021 ($ millions)
Exhibit 14: Escalator market in Germany 2016-2021 ($ millions)
Exhibit 15: List of construction projects expected to boost escalator market in Germany
Exhibit 16: Elevator and escalator market in Germany by service 2016 and 2021 (%)
Exhibit 17: Elevator and escalator market in Germany by maintenance segment 2016-2021 ($ millions)
Exhibit 18: Elevator and escalator market in Germany by new installations segment 2016-2021 ($ millions)
Exhibit 19: Permits growth rate for new building construction in Germany (2012-2015)
Exhibit 20: Elevator and escalator market in Germany by modernization segment 2016-2021 ($ millions)
Exhibit 21: Net occupancy rate of bedrooms in hotels in Germany 2012-2015 (%)
Exhibit 22: Percentage change in nights spent at tourist accommodation establishments in Germany
Exhibit 23: Changes in new standards for elevators and escalators to improve safety of passengers
Exhibit 24: Changes in new standards for elevators and escalators to help maintenance personnel
Exhibit 25: Increasing urban population in Germany 1990-2015 (%)
Exhibit 26: Impact of drivers
Exhibit 27: Electricity prices in Germany 2005-2016 ($ per kWh)
Exhibit 28: Reasons for elevator accidents in Germany in 2016
Exhibit 29: Reasons for escalator accidents in Germany in 2016
Exhibit 30: Impact of challenges
Exhibit 31: Parameters for destination dispatch technologies
Exhibit 32: Otis Elevator: Various product offerings
Exhibit 33: Schindler: Recent developments
Exhibit 34: Otis Elevator: Product offerings
Exhibit 35: Otis Elevator: Recent developments
Exhibit 36: thyssenkrupp AufzÃ¼ge: Product offerings
Exhibit 37: thyssenkrupp: Recent developments
Exhibit 38: KONE: Product offerings
Exhibit 39: KONE: Recent developments
Exhibit 40: Schmitt + Sohn: Product offerings
Exhibit 41: Schmitt + Sohn: Recent developments
Companies Mentioned are KONE, Schindler, Otis Elevator, thyssenkrupp Aufzüge, Schmitt + Sohn, 4E ENTERPRISE ELEVATOR & ESCALATOR, ENGINEERING, AAE Aufzugs-Anlagen-Engineering, A.R.G. (Schweiz), AS Aufzug + Service (AS Elevator + Service), Aufzug & Autoparksysteme Berlin, Brobeil Aufzüge, Friedrich Daniels, Fuji Electric, Fujitec, KOHLER Elevator, LUTZ Elevators, Mayland Aufzüge, Nunn Aufzuge, Omega Lifts, and Wittur.
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes MIR Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.