Traction Elevators Market Dynamics 2021-2031
The traction elevators are commonly used type of elevators observed in commercial and residential buildings. At present, the traction elevators are utilizing flat steel belts rather than conventional steel ropes. As flat steel belts are of very lightweight because of their carbon fiber core and high-friction coating, and can function without oil/lubricant. Because of mentioned aspects, elevator energy consumption among high-rise buildings can be controlled considerably which is making their adoption more in building
MARKET DYNAMICS
Rise in the infrastructural projects of commercial buildings like offices, shopping complexes will help in driving the growth of traction elevators. Also, with rising demand for energy consumption in high-rise buildings is another factor that will drive the adoption of traction elevators and thus influencing the market growth. In addition to this, favorable government support in construction industry especially the residential sector is projected to grow and which is anticipated to provide ample of growth opportunities to the players operating in the traction elevators market.
MARKET SCOPE
The "Global Traction Elevators Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the traction elevators market with detailed market segmentation - type, application, and geography. The global traction elevators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction elevators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction elevators market is segmented on the basis of type and application. Based on type, the traction elevators market is segmented into geared traction elevators, gearless traction elevators. On the basis of application, the traction elevators market is segmented into commercial, residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction elevators market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The traction elevators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the traction elevators market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the traction elevators in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction elevators market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The traction elevators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the traction elevators market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the traction elevators in these regions.
MARKET PLAYERS
The reports cover key developments in the traction elevators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from traction elevators market are anticipated to lucrative growth opportunities in the future with the rising demand for traction elevators in the global market. Below mentioned is the list of few companies engaged in the traction elevators market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the traction elevators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Delaware Elevator
- Delta
- ESCON
- Kone
- Oscan Elevators
- Otis Elevator Company
- Savaria
- Schumacher
- Schindler
- Thyssenkrupp
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Traction Elevators Market - By Type
1.3.2 Traction Elevators Market - By Application
1.3.3 Traction Elevators Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TRACTION ELEVATORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TRACTION ELEVATORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRACTION ELEVATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. TRACTION ELEVATORS - GLOBAL MARKET OVERVIEW
6.2. TRACTION ELEVATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRACTION ELEVATORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GEARED TRACTION ELEVATORS
7.3.1. Overview
7.3.2. Geared Traction Elevators Market Forecast and Analysis
7.4. GEARLESS TRACTION ELEVATORS
7.4.1. Overview
7.4.2. Gearless Traction Elevators Market Forecast and Analysis
8. TRACTION ELEVATORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. TRACTION ELEVATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Traction Elevators Market Overview
9.1.2 North America Traction Elevators Market Forecasts and Analysis
9.1.3 North America Traction Elevators Market Forecasts and Analysis - By Type
9.1.4 North America Traction Elevators Market Forecasts and Analysis - By Application
9.1.5 North America Traction Elevators Market Forecasts and Analysis - By Countries
9.1.5.1 United States Traction Elevators Market
9.1.5.1.1 United States Traction Elevators Market by Type
9.1.5.1.2 United States Traction Elevators Market by Application
9.1.5.2 Canada Traction Elevators Market
9.1.5.2.1 Canada Traction Elevators Market by Type
9.1.5.2.2 Canada Traction Elevators Market by Application
9.1.5.3 Mexico Traction Elevators Market
9.1.5.3.1 Mexico Traction Elevators Market by Type
9.1.5.3.2 Mexico Traction Elevators Market by Application
9.2. EUROPE
9.2.1 Europe Traction Elevators Market Overview
9.2.2 Europe Traction Elevators Market Forecasts and Analysis
9.2.3 Europe Traction Elevators Market Forecasts and Analysis - By Type
9.2.4 Europe Traction Elevators Market Forecasts and Analysis - By Application
9.2.5 Europe Traction Elevators Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Traction Elevators Market
9.2.5.1.1 Germany Traction Elevators Market by Type
9.2.5.1.2 Germany Traction Elevators Market by Application
9.2.5.2 France Traction Elevators Market
9.2.5.2.1 France Traction Elevators Market by Type
9.2.5.2.2 France Traction Elevators Market by Application
9.2.5.3 Italy Traction Elevators Market
9.2.5.3.1 Italy Traction Elevators Market by Type
9.2.5.3.2 Italy Traction Elevators Market by Application
9.2.5.4 United Kingdom Traction Elevators Market
9.2.5.4.1 United Kingdom Traction Elevators Market by Type
9.2.5.4.2 United Kingdom Traction Elevators Market by Application
9.2.5.5 Russia Traction Elevators Market
9.2.5.5.1 Russia Traction Elevators Market by Type
9.2.5.5.2 Russia Traction Elevators Market by Application
9.2.5.6 Rest of Europe Traction Elevators Market
9.2.5.6.1 Rest of Europe Traction Elevators Market by Type
9.2.5.6.2 Rest of Europe Traction Elevators Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Traction Elevators Market Overview
9.3.2 Asia-Pacific Traction Elevators Market Forecasts and Analysis
9.3.3 Asia-Pacific Traction Elevators Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Traction Elevators Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Traction Elevators Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Traction Elevators Market
9.3.5.1.1 Australia Traction Elevators Market by Type
9.3.5.1.2 Australia Traction Elevators Market by Application
9.3.5.2 China Traction Elevators Market
9.3.5.2.1 China Traction Elevators Market by Type
9.3.5.2.2 China Traction Elevators Market by Application
9.3.5.3 India Traction Elevators Market
9.3.5.3.1 India Traction Elevators Market by Type
9.3.5.3.2 India Traction Elevators Market by Application
9.3.5.4 Japan Traction Elevators Market
9.3.5.4.1 Japan Traction Elevators Market by Type
9.3.5.4.2 Japan Traction Elevators Market by Application
9.3.5.5 South Korea Traction Elevators Market
9.3.5.5.1 South Korea Traction Elevators Market by Type
9.3.5.5.2 South Korea Traction Elevators Market by Application
9.3.5.6 Rest of Asia-Pacific Traction Elevators Market
9.3.5.6.1 Rest of Asia-Pacific Traction Elevators Market by Type
9.3.5.6.2 Rest of Asia-Pacific Traction Elevators Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Traction Elevators Market Overview
9.4.2 Middle East and Africa Traction Elevators Market Forecasts and Analysis
9.4.3 Middle East and Africa Traction Elevators Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Traction Elevators Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Traction Elevators Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Traction Elevators Market
9.4.5.1.1 South Africa Traction Elevators Market by Type
9.4.5.1.2 South Africa Traction Elevators Market by Application
9.4.5.2 Saudi Arabia Traction Elevators Market
9.4.5.2.1 Saudi Arabia Traction Elevators Market by Type
9.4.5.2.2 Saudi Arabia Traction Elevators Market by Application
9.4.5.3 U.A.E Traction Elevators Market
9.4.5.3.1 U.A.E Traction Elevators Market by Type
9.4.5.3.2 U.A.E Traction Elevators Market by Application
9.4.5.4 Rest of Middle East and Africa Traction Elevators Market
9.4.5.4.1 Rest of Middle East and Africa Traction Elevators Market by Type
9.4.5.4.2 Rest of Middle East and Africa Traction Elevators Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Traction Elevators Market Overview
9.5.2 South and Central America Traction Elevators Market Forecasts and Analysis
9.5.3 South and Central America Traction Elevators Market Forecasts and Analysis - By Type
9.5.4 South and Central America Traction Elevators Market Forecasts and Analysis - By Application
9.5.5 South and Central America Traction Elevators Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Traction Elevators Market
9.5.5.1.1 Brazil Traction Elevators Market by Type
9.5.5.1.2 Brazil Traction Elevators Market by Application
9.5.5.2 Argentina Traction Elevators Market
9.5.5.2.1 Argentina Traction Elevators Market by Type
9.5.5.2.2 Argentina Traction Elevators Market by Application
9.5.5.3 Rest of South and Central America Traction Elevators Market
9.5.5.3.1 Rest of South and Central America Traction Elevators Market by Type
9.5.5.3.2 Rest of South and Central America Traction Elevators Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRACTION ELEVATORS MARKET, KEY COMPANY PROFILES
11.1. DELAWARE ELEVATOR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DELTA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ESCON
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KONE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OSCAN ELEVATORS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OTIS ELEVATOR COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAVARIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHUMACHER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHINDLER
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THYSSENKRUPP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Delaware Elevator
2. Delta
3. ESCON
4. Kone
5. Oscan Elevators
6. Otis Elevator Company
7. Savaria
8. Schumacher
9. Schindler
10. Thyssenkrupp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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