Europe Elevator Market 2021-2026

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    Elevator, often known as a lift, is a car that travels vertically in a shaft to transport passengers or freight between the levels of a multi storey structure.


    Most contemporary elevators are pushed by electric motors via a system of wires and sheaves with the assistance of a counterweight (pulleys).


    The elevator had a key role in developing the distinctive urban topography of many contemporary cities, particularly in the United States, and promises to play a vital role in future city growth.


    The technique of mechanically raising burdens during building activities dates back to the 1st century BC, according to the Roman architect-engineer Vitruvius.


    The operation of an elevator or lift is similar to that of a pulley system. To extract water from the well, a pulley system is employed. A bucket, a rope, and a wheel may be used to create this pulley system.


    A bucket is attached to a rope that runs through a wheel. This can make drawing water from the well quite simple. Similarly, modern elevators employ the same approach.


    However, the fundamental distinction between these two is that pulley systems are handled manually, whereas elevators employ complex mechanics to handle the elevator’s load.


    An elevator is essentially a metal box of various designs that is attached to an extremely strong metal rope. The strong metal rope is threaded through a sheave .




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    The way the lift travels inside the shaft is described by a screw and nut arrangement (the shaft is always supplied with our lifts for safety). Each of our lifts has a long-threaded bar (like a screw) running the length of it.


    With a huge, heavy-duty bolt and nut added, the whole thing may be connected to a motor. When the motor is turned on (by pressing the lift buttons), the big nut moves up and down the threaded bar.


    A key issue as people age is mobility and access and moving about the home can sometimes become a challenge.



    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Germany’s Thyssenkrupp AG completes sale of its elevator technology business German conglomerate Thyssenkrupp AG has completed the sale of its Euro 17.2 billion (Rs 15.2 lakh crore) elevator business on Friday to a consortium of private equity firms led by Advent International and Cinven. Europe – Germany This would enhance better innovations




    SI No Timeline Developments
    1 Q4-2021 FutureSun is a PV panel manufacturer from Italy, installed a solar powered elevator with a storage system which can store energy generated while itself moving through gravitational storage under a pilot project at Cuneo, Italy. The project is also funded by the Store4HUC program for the improvement of renewable energy solutions to reduce carbon emissions by the European Regional Development Fund.
    2 Q3-2021 Otis Worldwide Corporation in Europe launched the innovative elevator technology by replacing old elevators with new autonomous elevator ‘drive by wire system’ under Gen 3 platform. 
    3 Q1-2021 The Cibes Lift Group is a Sweden company acquired by the UK based company Titan Elevators located at Sidcup, to expand its business in the UK regions. 


    Elevators that use hoisting ropes must have platform “safeties,” which are devices that clamp onto the steel guide rails when activated, immediately bringing the elevator to a halt.


    The safety, which is normally positioned beneath the automobile platform, is activated by a speed governor through a rope. In the case of significant downhill motion of the automobile, the rope pulls the safety to the on position.


    The mechanism initially cuts elevator power; if the high speed persists, the safety brake is applied. The majority of contemporary elevators are automated, with several control systems used to run elevators individually or in groups.


    Technological innovation is expected to have a significant influence on market growth. Furthermore, recent improvements in the real estate industry and rising urbanization have spurred market expansion.


    However, safety concerns related to inadequate equipment maintenance are likely to have a minor influence on market development.


    The increased migration of people from rural to urban regions has increased the need for multi-story structures and escalators in the public transportation sector. Furthermore, rising disposable income and an ageing metropolitan population have fueled market expansion.


    Infographic: Europe Elevator Market,   Europe Elevator Market Size,   Europe Elevator Market Trends,    Europe Elevator Market Forecast,    Europe Elevator Market Risks,   Europe Elevator Market Report,   Europe Elevator Market Share


    Because of increased building demand in emerging nations such as Croatia, Georgia, Romania, and Ukraine, Europe accounted for the second-largest proportion of the elevator market.


    These countries are expected to see an increase in demand for new buildings and infrastructure. Elevator demand in this region would increase as a result of expanding urbanization, increased consumer spending, and government initiatives.


    Construction markets in developed nations such as Germany, the United Kingdom, and France are more mature. As a result, demand for new elevators would be restricted in these nations, but demand for maintenance, repair, and after sales service would be considerable.




    The Europe Elevator Market can be segmented into following categories for further analysis.

    By Technology

    • Traction Based Technology
    • Machine Room Less ( MRT ) Traction Technology
    • Hydraulic Technology


    By Technology Usage

    • Building and Construction Elevator
    • Commercial elevator
    • Industrial Elevator


    By Combination of Application

    • New Installation
    • Maintenance and Repair
    • Modernisation





    SI No Timeline Company Developments
    1 Q1-2021 Otis  The world’s leading company for elevator and escalator manufacturing, Otis provides its vertical transportation system service for the 38 story office building of Alto Tower at France to be equipped with skyrise double deck elevators. 
    2 Q1-2021 Orona Spanish based elevator and escalator company Orona is partnered with construction group projects company AVIT-A to supply its elevators, for the industrialization of construction. 
    3 Q1-2021 Thyssenkrupp Elevator German company Thyssenkrupp Elevator provides engineering, construction and service of next generation mobility solutions such as escalators, elevators has changed its name Thyssenkrupp Elevator with the new name TK Elevators with the new global brand TKE. 
    4 Q1-2021 Thyssenkrupp Elevator MULTI is the world’s first rope free elevator system by Thyssenkrupp Elevator. DigiPara’s automatic building information modeling (BIM) program provides 3D models and system drawings in MULTI installations at the earliest stage in the building design phase. 


    The massive rise in the building and construction sector, along with an increasing reliance on technology, is fueling the growth of the elevators market.


    Construction markets in other emerging economies will also see increased growth rates in the near future. These favourable trends in emerging economies are expected to fuel the elevator market’s expansion throughout the projected period.


    Despite this, high maintenance and installation costs are anticipated to be a hindrance to the growth of the elevator industry in the near future. The risk element prevalent in elevators is the most significant problem associated with the elevator sector.


    Companies have been able to create fresh needs and expectations from lift systems in an ever-changing technology ecosystem.


    Furthermore, rising urbanization has increased demand for the finest business lifts and best house elevators. Smart elevators and lifts have brought about a new era of progress in the world we live in.


    In this day and age, people don’t have to stand in line for the elevator just to discover that it will make several stops before arriving at your desired place.


    The intelligent system will direct you to the elevator that will transport them to their destination in the shortest amount of time. These systems are fantastic at peak hours.


    Green elevators are being developed by some of the leading lift firms these days in order to promote sustainable growth. A high-efficiency PM is used in the green elevator.


    When compared to geared systems, a gearless motor system significantly reduces energy usage by more than 50%. The use of lightweight, lubricant-free, PU coated steel belts in lifts and elevators instead of steel wire ropes improves energy efficiency even more.


    The use of roller guides rather than lubricants enhances sustainability as well. Green elevators are concerned with concerns of energy recovery as well as the decrease of energy usage.


    It should be mentioned that green lifts use the least amount of energy when just half of their capacity is used.




    SI No Timeline Company Developments
    1 Q3-2021 Kone Corporation Kone Corporation to supply 15 new escalators and elevators to Arbor office building of Bankside Yards company at London. 
    2 Q3-2021 Kone Corporation  The Finnish based escalator and elevator giant Kone Corporation recorded positive growth in the second quarter of EUR 2.8 billion which rose 11% from the same period last year revenue EUR 2.5 billion. 
    3 Q3-2021 Maspero Elevatori The Italian elevator designer and escalator maintenance company Maspero Elevatori got a contract of EUR 2.8 million for the renovation of elevators in Palais des Nations at Geneva, Switzerland and the project will be completed by the first quarter of 2023.
    4 Q1-2021 Schindler Holdings Schindler Holdings elevator and escalator business recorded a 5% decrease in global net revenue due to pandemics in 2020. The revenue is not affected very much due to smaller buildings will see an increased amount of elevators and escalators being installed.


    In escalator design, safety is also an important consideration. The addition of automatic sprinklers or fireproof shutters to an escalator floor-opening, or the installation of the escalator in an enclosed fire-protected hall, can offer fire protection for the opening.


    To reduce the risk of overheating, proper ventilation must be provided for the compartments containing the motors and gears.


    If the escalator is the principal mode of transportation between levels, a regular staircase should be built adjacent to it. An elevator lift adjacent to an escalator may also be required for wheelchairs and handicapped people.


    Thyssenkrupp AG has long been part of the European Elevator Market. The Zeta 200 is one of the latest incorporations in the elevator technologies.


    Wherever they are deployed, zeta200 preset configurations reliably offer the mix of high-rise, high-speed, high performance, and operational excellence on which TK Elevator’s reputation is built.


    The zeta200 is aimed towards high-rise commercial and mixed-use structures. The zeta200 is the easy method to assure a smooth, comfortable, and attractive high-speed experience by combining the newest technologies and established product combinations.


    The zeta200 delivers quiet interiors, smooth acceleration, and a solid ride at high speeds by merging cutting-edge technology and high-performance components.


    The Double-layered car doors and a high-performance door system work together with electronically controlled roller guides to reduce vibration, contributing to zeta200’s exceptional ride quality.


    The Extra-long double column car frame is equipped with our dynamic compensation rope system to ensure stable operations at high speed.


    Schindler Electric elevators is part of the latest development perspective in the European Market. The Personal Occupant Requirement Terminal, or PORT Technology, is a sophisticated software system that uses information to direct and transport individuals to their specific destinations swiftly and safely, connecting with them via a simple yet elegant gadget called the PORT.


    Schindler’s remarkable new PORT serves as your communication hub with building inhabitants. It may perform a variety of command and communication activities to give you and your building’s inhabitants ongoing service.


    The PORT terminal is as dependable as it is stylish, and it may be wall-mounted or fitted with a freestanding pedestal. Each PORT includes a motion sensor that detects when it needs to be active and places it in a low energy consumption mode the rest of the time.


    When the screen activates, an ambient light sensor calculates the appropriate brightness level, once again improving energy use. Finally, the processor, which serves as the heart of each PORT, consumes the least amount of energy in its class.



    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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