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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Elevator, often known as a lift, is a car that moves vertically in a shaft to transport passengers or freight between the levels of a multistory building.
Most modern elevators are propelled 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 geography of many modern cities, particularly in the United States, and promises to play a vital role in future city growth.
The practise of lifting loads mechanically during building activities dates back to Roman times; in the first century bc, the Roman architect-engineer Vitruvius described lifting platforms that used pulleys and capstans, or windlasses, powered by human, animal, or waterpower.
steam power had been applied to such machines in England. A hydraulic lift was introduced in the early nineteenth century, with the platform coupled to a plunger in a cylinder sunk in the ground below the shaft to a depth equal to the shaft's height.
A steam pump applied pressure to the fluid in the cylinder. Later, a combination of sheaves was utilised to double the speed of the car while decreasing the depth of the plunger.
The Kenya Elevator Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The Kenya elevator and escalator industry is expected to expand rapidly as a result of the country's revitalised building sector and increased investment.
As the country braces for an unparalleled construction boom as a result of programmes such as Kenya Vision, which places a strong emphasis on infrastructure development.
Furthermore, as the population grows, so does the need for housing units, resulting in significant expansion in residential construction and its affiliated sectors in the economy.
the Kenya elevator and escalator market is expected to grow at a CAGR. The elevator segment accounted for the lion's share of the elevator and escalator market in Kenya.
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, 2023 |
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, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |