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ELEVATOR AND ESCALATOR MARKETS

KONE estimates that in 2015

  • The global new elevator and escalator market consisted of 840,000 units. KONE’s share of this market was 19.0%.
  • There were around 13.5 million elevators and escalators in operation. KONE’s maintenance base exceeded 1,100,000 units at the end of 2015.

Elevator and escalator market in 2015 (based on KONE estimates)

EMEA = Europe, Middle East, Africa.
APAC = Asia-Pacific

Market structure

OEM = Original Equipment Manufacturer

The structure of the global elevator and escalator market is different between the three parts of the business; new equipment, maintenance and modernization. The new equipment market is rather consolidated at the global level, while the maintenance and modernization markets are more fragmented.