Elevators & escalators: key companies worldwide based on revenue 2017

This statistic represents the leading companies worldwide in the area of elevators and escalators in 2017, based on revenue. With 2017 revenue of just over 11 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 Finland, Switzerland, Germany and the United States, 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 ageing population in need of vertical transport that promises growth opportunities for companies in the field of elevators and escalators. Schindler, Kone and Otis, a subsidiary of the United Technologies Corporation, are ranked as the major elevator and escalator manufacturers worldwide.