This statistic represents the leading companies worldwide in the area of elevators and escalators in 2021, based on revenue. With revenue of 11.9 billion U.S. dollars, Finland's Kone was ranked third.
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.
Leading companies worldwide in the area of elevators and escalators in 2021, based on revenue
(in billion U.S. dollars)
Otis: figure represented as net sales.
Schindler:values have been calculated from 11.2 billion CHF at an exchange rate of 1 CHF = 1.0968 USD on December 31, 2021.
Mitsubishi Electric: figure is for the fiscal year of 2021; data only include revenue from the energy and electric systems segment; values have been calculated from 1.27 trillion JPY at an exchange rate of 1 JPY = 0.009033 USD correct on March 31, 2021.
Kone: values have been calculated from 10.5 billion EUR at an exchange rate of 1 EUR = 1.1325 USD on December 31, 2021; figure represented as sales.
Fujitec: figures have been calculated from 169.57 billion JPY at an exchange of 1 JPY = 0.009033 USD on March 31, 2021; figure represented as sales.
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Statista. (February 23, 2022). Leading companies worldwide in the area of elevators and escalators in 2021, based on revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 21, 2022, from https://www.statista.com/statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
Statista. "Leading companies worldwide in the area of elevators and escalators in 2021, based on revenue (in billion U.S. dollars)." Chart. February 23, 2022. Statista. Accessed May 21, 2022. https://www.statista.com/statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
Statista. (2022). Leading companies worldwide in the area of elevators and escalators in 2021, based on revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 21, 2022. https://www.statista.com/statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
Statista. "Leading Companies Worldwide in The Area of Elevators and Escalators in 2021, Based on Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Feb 2022, https://www.statista.com/statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
Statista, Leading companies worldwide in the area of elevators and escalators in 2021, based on revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/ (last visited May 21, 2022)