Europe Escalator Market 2024-2030

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    EUROPE ESCALATOR MARKET

     

    INTRODUCTION

    Escalators are mechanical devices that carry people vertically between building floors. Typically, they take the shape of a moving staircase, consisting of a ‘chain’ of single-piece aluminum or stainless-steel steps driven by a continuous loop of rails.

     

    Escalators are often employed in structures that need the mobility of a large number of people, such as retail malls, airports, public transportation systems, exposition halls, hotels, arenas, and public buildings.

     

    They take up the same physical space as a staircase, have no waiting time (unless during peak hours), allow for a larger flow of people.

     

    They have the same potential resistance and occupancy as a staircase. The escalators continue to move in an unending cycle, with no stops until manually halted for a short period of time.

     

    It is sometimes stated that escalators and lifts are of the same kind in that people can travel up and down a forklift using both modes of transportation.

     

    If people are in a hurry, escalators allow them to travel up and down the building, but one thing remains constant: elevators are far safer than escalators. Many parts come together to form a moving escalator that transports passengers from one level to the next.

     

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    The advantages of escalators are numerous. They can transport a huge number of passengers and can be installed in the same physical space as stairs.

     

    Except in extremely high traffic, they have no waiting period; they may be utilized to direct people to key exists or particular displays; and they can be weather proofed for outdoor use.

     

    The escalator has been part of  track system is integrated into the truss to guide the step chain, which pulls the steps from the lowest platform to the top in an infinite cycle.

     

    There are two tracks: one for the steps’ front wheels (named the step-wheel track) and one for the steps’ back wheels (called the trailer-wheel track). 

     

    EUROPE ESCALATOR MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 German start-up in demand with anti-virus escalators As Germany begins to relax some lockdown restrictions, the start-up’s five-person team has been inundated with requests from shops, offices, and cafes eager to reopen to a public newly aware of the health risks lurking in shared spaces. Their small German start-up UVIS can barely keep up with orders from around the world for their coronavirus-killing escalators and coatings for supermarket trolleys and elevator buttons. Europe – Germany This would enhance better innovations

     

    EUROPE ESCALATOR MARKET DYNAMICS

    SI No Timeline Developments
    1 Q3-2021 The expansion of new facilities and increasing infrastructure development such as shopping malls, airports, corporate offices and even small buildings are adopting escalators services and also modernization of buildings increasing population economic development will accelerate the market growth.
    2 Q2-2021 The coastal municipality of Calpe in Alicante, Spain invested one million to improve the escalating facility and to set up new escalators and the investment is also supported by European funding.

     

    Escalators have their own set of standards that address both electrical and mechanical features. These guidelines, however, are more mechanically oriented and only partially address the electrical needs of escalators.

     

    Using EN 115 (the European standard for escalators and passenger conveyors) as an example, it is clear that the national wiring laws do not apply to escalator installations.

     

    Physical needs, location, traffic patterns, safety considerations, and aesthetic preferences are all elements that influence escalator design.

     

    The primary goal of using escalators is to maximize vertical transit efficiency. With the global construction market expanding, construction companies all over the world are focusing on lowering their energy consumption levels while also planning to achieve green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED) for their projects.

     

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

     

    This greater emphasis on lowering total energy consumption levels is assisting the elevators and escalators market’s growth. Furthermore, poorly maintained escalators compound these issues.

     

    In recent years, there have been a number of incidents and accidents. Individuals have become apprehensive as a result, slowing market growth.

     

    There is an increasing pace of urbanization globally due to the benefits that urbanization gives, such as enhanced efficiency and access to better services.

     

    The escalator industry has changed dramatically in recent years. The parallel escalator is the most common type of escalator used for commercial purposes.

     

    Other types of escalators, on the other hand, are built for large constructions such as shopping malls and hotels. Because of the existence of key areas such as Europe.

     

    Europe is one of the top markets in terms of value and volume. Markets have also been spurred by increased disposable income and an ageing urban population.

     

    EUROPE ESCALATOR MARKET SEGMENTATION

    The Europe Escalator 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

    • Parallel Escalator
    • Multi Parallel Escalator
    • Spiral Escalator
    • Criss Cross Escalator

     

    By Combination of Application

    • New Installation
    • Maintenance and Repair
    • Modernisation

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN EUROPE ESCALATOR MARKET

    SI No Timeline Company Developments
    1 Q2-2021 WeMaintain France based startup escalator maintenance company WeMaintain raised $30 million from series B funding for its global expansion
    2 Q1-2021 Kone Corporation  Global leader in the elevator and escalator industry, Kone Corporation partnered with France based Orange Business for the contact center infrastructure to the cloud and is integrated into KONE’s remote monitoring Platform
    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

     

    Escalators, being a power-driven, continuous moving staircase intended to convey passengers up and down small vertical distances, are used all over the globe to transfer foot traffic where elevators would be unsuitable.

     

    Shopping malls, airports, public transportation networks, trade centers, hotels, and government buildings are among the most common places to find them. Modern escalators contain metal steps that travel in a continuous circle on rails.

     

    Escalators are normally used in pairs, with one going up and the other going down; however, in some areas, particularly European retailers and metro stations, there are no escalators that go down; instead, the escalators only travel up. Some contemporary escalators in businesses and shopping malls have been installed.

     

    The Handrail UV Sterilizer, which is simple to install, kills 99.99 percent of germs that reside on escalators before they come into touch with human hands.

     

    While wiping down the rails when they come into contact with hands is normally the sole way to eradicate germs, the Handrail UV steriliser is mounted on the front of the handrail.

     

    Every time the conveyor belt passes the detecting spot, the gadget emits UV rays (harmless to the human body) onto the handle, destroying any microorganisms. Schindler remote monitoring monitors the escalator’s operating status 24 hours a day, seven days a week.

    In the case of a system outage, your Schindler specialist will be able to rapidly pinpoint the exact cause of the problem.

     

    Eco-efficiency has been advocated as one of the primary instruments for promoting the transition from unsustainable to sustainable development.

     

    It is centered on the idea of producing more goods and/or services while utilizing less resources and producing less waste and pollution.

     

    The eco-efficiency of an escalator may be enhanced by using eco-efficient technology and running the escalator more efficiently. The Variable Speed Drive is one of the most widely utilized technologies (VSD).

     

    There are alternative options, such as Variable Voltage Constant Speed Drive (VVC). It employs a VVC controller to minimize the e

     

    EUROPE ESCALATOR MARKET COMPETITIVE LANDSCAPE

    SI No Timeline Company Developments
    1 Q3-2021 Otis Worldwide Corporation  Otis Worldwide Corporation sales are making positive growth in quarter over quarter with a rise of 10% in the third quarter with net sales revenue of $3.6 billion in global business. Q3
    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. Q3
    3 Q2-2021 TK Elevator TK Elevator sold more than 1.4 million units of escalators and elevators worldwide in total and recorded net sales revenue of EUR 8 billion in fiscal year 2020. Q2 
    4 Q1-2021 Schindler Holdings Schindler Holdings elevator and escalator business recorded 5% decrease in global net revenue due to pandemic 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.

     

    Kone Corporation is part of the new developments within the escalators of the European market. The KONE ECO3000 Drive with planetary gear replaces the traditional worm gear, resulting in significant performance increases.

     

    The KONE ECO3000 Drive is chainless, including for the handrail drive, which eliminates the need to lubricate drive chains (as is the case with the handrail drive on standard escalators).

     

    After 30,000 operational hours, the KONE ECO3000 Drive simply requires an oil change (twice as long as conventional drive systems). This lowers downtime and oil disposal expenses while increasing availability.

     

    And, as compared to traditional motors, oil leaks and related smells are a thing of the past. The novel planetary gear system is efficient, resulting in decreased energy consumption and lower operating costs.

     

    Thyssenkrupp AG is also developing new escalator-based technologies to be integrated within the commercial requirements of various markets.

     

    The Velino commercial-duty escalator from ThyssenKrupp Elevator is intended to protect the architectural integrity of nearly any structure. But it’s not just about appearances.

     

    This equipment operates effectively, ensuring the safety of regular passengers while consuming less energy. Balustrades made of 38″ (10 mm) thick tempered safety glass panels and optional under-handrail lights provide a dramatic touch.

     

    Dual CPU controllers and optional Variable Voltage Variable Frequency (VVVF) drive technologies reduce energy consumption and operational expenses.

     

    Our heavy-duty Tugela escalator is perfect for high-rise buildings, conference centers, stadiums, smaller airports, and high-traffic areas.

     

    The strengthened balustrade ensures additional strength against bumps from bags and cases. A sprocket-type  tension carriage reduces wear on the chain rollers and a handrail pressure system improves handrail drive traction.

     

    EUROPE ESCALATOR MARKET COMPANIES PROFILED

     

    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, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    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, 2024
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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