Name: the elevator market
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Summary

As of 2023, the global elevator market is estimated to be valued at $54.1 billion, with a projected 5.35% CAGR leading to a potential market size of over $86 billion by 2032. China remains the dominant exporter with 2022 exports valued at $1.69 billion, while the United Kingdom tops imports at $376.8 million. In the European market, ELA reports a total of 6,622,239 existing elevators and 145,400 units under construction as of 2022. Spain boasts the largest number of elevators installed in the region. Italy, as part of this market, observed a decline in the number of active enterprises from 1509 to 1158 between 2017 and 2021, yet employment in the sector increased to 33,550 people. The country is a net exporter of elevators, with the export value at $534.7 million and import value at $86.8 million in 2022. The Italian industry turnover grew to €10.8 billion in 2021, despite a decrease in the production sold value of elevators from €314.3 million in 2015 to €204.6 million in 2022. Finally, the Russian-Ukrainian conflict contributed to a 16.6% rise in Italy's producer price index by December 2023..Italian Elevator Market: A Comprehensive Analysis of Consumer Trends and Competitive Dynamics Within Italy, the elevator market showcases a nuanced picture, marked by certain key trends in consumption, competitive landscapes, and growth prospects. As of 2023, the global market for elevators holds an estimated value of around $54.1 billion, with predictions for continued expansion at a compound annual growth rate of approximately 5.35% stretching from 2023 to 2032. This expected growth could potentially elevate the market's worth to over $86 billion by the end of the forecast period. The Italian segment of the elevator industry is experiencing fluctuating trends. Between 2015 and 2022, the value of production sold of elevators and hoists appears to be contracting, with the total value dropping from roughly $314.3 million to about $204.6 million, which signifies a decrease of approximately 35%. However, this decline in production sold contrasts with total industry turnover, which appears to be on the rise. From 2015 to 2021, the overall turnover of companies operating within this sector grew by about 33%, from nearly $8.1 billion to around $10.8 billion. While the number of enterprises dedicated to the manufacture of elevators and hoists saw a notable decrease between 2017 and 2021, sliding from about 1500 to just under 1200 enterprises, the number of employees in the sector seems to be inching upwards, showing a growth of roughly 4% over the same period. In terms of trade, Italy maintains a position as a net exporter in the elevator market, with an export coverage ratio fluctuating between 616% to over 2240% from 2018 to 2022. Despite a slight downturn in export values, which fell from approximately $601 million to just over $500 million during this timeframe, Italy's import values witnessed a significant ascendancy of around 92%, growing from about $45 million to near $87 million. The Italian market for elevators is segmented notably, with both major Italian and foreign players. Italian companies, such as Kone s.p.a and Schindler s.p.a, lead the charge with annual turnovers of roughly $230.6 million and $224.2 million, respectively, followed by other significant entities such as Otis Servizi and TK Elevator. Foreign companies like Montanari Giulio & C. and E.P Elevatori Premontati also strongly contribute to the market dynamics. Regulatory aspects play.Leading Innovators and Key Players in the Italian Elevator Market **Elevating Excellence: Italy’s Finest Champions of Vertical Mobility** Italy’s elevator market exemplifies a blend of heritage, innovation, and technical virtuosity, represented by several prominent companies that have become synonymous with excellence in vertical transportation. These frontrunners have elevated the standards of mobility solutions, not only within the peninsular bounds but across the globe, marking Italy's indelible footprint in the elevator industry. **Kone s.p.a.** - A Foundation of Innovation Kone, with its centennial foundation, epitomizes the innovation that drives urban flow. The company's expansive product range touches all facets of vertical mobility from personal residence elevators to state-of-the-art solutions for skyscrapers and urban transport systems. Known for its pioneering efforts in cutting-edge technology and unwavering commitment to safety and sustainability, Kone continues to shape the future of smart, interconnected buildings. **Schindler s.p.a.** - A Dedication to Advanced Mobility Part of the global Schindler Group, Schindler s.p.a. upholds a reputation for providing sophisticated vertical transportation systems. The company stands out for its dedication to safety, reliability, and a seamless user experience. Its portfolio consists of diverse products catering to private homes and large-scale infrastructure projects. With sustainability ingrained in its philosophy, Schindler actively pursues eco-friendly solutions and technological enhancements to contribute to sustainable urban development. **Montanari Giulio & C. s.r.l.** - Component Excellence Montanari Giulio & C. s.r.l. has carved a niche for itself as a specialist in the production of high-quality elevator components. Their comprehensive range, inclusive of motors, gearboxes, and safety systems, demonstrates their expertise and innovation capabilities. The company’s understanding of the nuanced requirements of the elevator industry is evident in their dedication to providing top-tier customer service and technical assistance. **E.P Elevatori Premontati s.r.l.** - Tailored Vertical Solutions E.P Elevatori Premontati s.r.l. prides itself on crafting custom elevator solutions that harmonize with individual client specifications. Their approach to incorporating design finesse with technical robustness ensures a diverse product line tailored to enhance both residential and commercial spaces. Their focus on detail, coupled with a dedication to customer satisfaction, positions E.P. as a go-to for preassembled elevators and modernized lift systems. **Del Bo s.p.a.** -

the elevator market - Italy

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Inforamtion

Number of pages : 30 pages
Format : Digital and PDF versions
Last update : 20/02/2024

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Summary and extracts

1 Market Overview

2 Demand analysis

3 Market structure

4 Supply analysis

5 Regulations

6 Positioning of actors

6.1 Segmentation

Kone s.p.a
Schindler s.p.a
Otis Servizi s.r.l
TK Elevator Italia s.p.a
Montanari Giulio & C. s.r.l
E.P Elevatori Premontati s.r.l
Del Bo s.p.a
C.M.A Costruzioni Montacarichi ed Ascensori s.r.l

List of charts

Elevator market
Major exporting countries of elevators and hoists
Main importing countries for elevators and hoists
Installed elevators, breakdown by country
Active enterprises under Ateco Code 28.22.0 "Manufacture of lifting and handling machinery and equipment"
Employees in enterprises active under Ateco Code 28.22.0 "Manufacture of lifting and handling machinery and equipment"
Legal form active enterprises under Ateco Code 28.22.0 "Manufacture of lifting and handling machinery and equipment"
Manufacturing price of elevators
Value of production sold of elevators and elevators
Total turnover of active enterprises under Ateco Code 28.22 "Manufacture of lifting and handling machinery and equipment"
Import - Export elevators and hoists
Main export destination countries of elevators and hoists
Main countries of origin for the import of elevators and hoists
Market shares of major players
Market share in the new equipment segment
Market shares in the maintenance segment
IoT market for elevators
Producer price index for the manufacture of lifting and handling machinery and equipment
Population over 65
Elevators in operation, breakdown by years of operation
New residential buildings
Number of elevators installed
New non-residential construction intended for the trade and accommodation and food services sectors

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Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Kone s.p.a

Schindler s.p.a

Otis Servizi s.r.l

TK Elevator Italia s.p.a

Montanari Giulio & C. s.r.l

E.P Elevatori Premontati s.r.l

Del Bo s.p.a

C.M.A Costruzioni Montacarichi ed Ascensori s.r.l

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