E. Mazareanu
Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry
Get in touch with us nowElevators & escalators: key companies worldwide based on revenue 2020
This statistic represents the leading companies worldwide in the area of elevators and escalators in 2020, based on revenue. With revenue of more than 12.1 billion U.S. dollars, Finland's Kone was ranked fourth.
The world’s largest elevator and escalator makers
While the key vendors of elevators and escalators are based in the United States, Switzerland, Germany, Finland, and Japan, the most prolific markets for elevators and moving stairways include the world’s most populous countries such as China and India. In light of Asia’s stalling construction sector, it remains unsure if these markets will continue to perform well in the future, not only in terms of escalator and elevator installations, but also with respect to maintenance and repair services associated with these conveyances.
In the developed world, it is the increased age and low energy-efficiency of buildings and infrastructure, as well as an aging population in need of vertical transport that promises growth opportunities for companies in the field of elevators and escalators. Schindler, Kone, and Otis are ranked as the major elevator and escalator manufacturers worldwide.
The world’s largest elevator and escalator makers
While the key vendors of elevators and escalators are based in the United States, Switzerland, Germany, Finland, and Japan, the most prolific markets for elevators and moving stairways include the world’s most populous countries such as China and India. In light of Asia’s stalling construction sector, it remains unsure if these markets will continue to perform well in the future, not only in terms of escalator and elevator installations, but also with respect to maintenance and repair services associated with these conveyances.
In the developed world, it is the increased age and low energy-efficiency of buildings and infrastructure, as well as an aging population in need of vertical transport that promises growth opportunities for companies in the field of elevators and escalators. Schindler, Kone, and Otis are ranked as the major elevator and escalator manufacturers worldwide.
