PREBOOK THIS REPORT - SAVE 10%

Brazil Elevator and Escalator - Market Size and Growth Forecast 2022-2028

TO BE PUBLISHED : Jul 2022 | Pages : 109

Up to $300 off Prebook this report

BRAZIL'S ELEVATOR AND ESCALATOR MARKET WAS VALUED AT 12.3 THOUSAND UNITS IN 2021 AND IS EXPECTED TO REACH 18.6 THOUSAND UNITS BY 2028 GROWING AT A CAGR OF 6% DURING THE FORECAST PERIOD (2022-2028).

Brazil Elevator and Escalator Market Size (Volume) 

  • Installation Base
  • New Installation Type
  • Modernization (In Billion)
  • Maintenance (In Billion)

Brazil Elevator Market Size (Volume) 

  • Installation Base
  • New Installation Type
  • Modernization & Maintenance (In Million)

Brazil Escalator Market Size by Volume  

  • Installation Base
  • New Installation Type
  • Modernization & Maintenance (In Million)

Brazil Elevator and Escalator Market Size, Share, & Trends Analysis Report by 

  • Machine Type: Hydraulic and Pneumatic, Machine Room TractionMachine Room Less Traction, and Others 
  • Carriage Type: Passenger and Freight 
  • Capacity: 2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above 
  • End-User: Commercial, Residential, Industrial, and Others 

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2028

Prebook Tag
Licence Types What are these?
10 % OFF

Save 10% on this report.
Discount already applied

GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

icon-pages

109 Pages

icon-table

15 Tables

icon-chart

65 Charts

icon-region

1 Regions

icon-country

1 Countries

icon-company

12 Companies

icon-market

4 Market Segment

BRAZIL ELEVATOR AND ESCALATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE BY NEW INSTALLATIONS (2028) 18.6 THOUSAND UNITS
MARKET SIZE BY NEW INSTALLATIONS (2021) 12.3 THOUSAND UNITS
CAGR (2021-2028) 6%
MARKET SIZE BY INSTALLED BASE (2028) 6,49,255 Units
MARKET SIZE BY MODERNIZATION (2028) USD 1745.3 Million
BASE YEAR 2021
FORECAST YEAR 2022-2028
MARKET SEGMENTATION BY CARRAIGE TYPE Passenger and Freight
MARKET SEGMENTATION BY CAPACITY 2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above
MARKET SEGMENTATION BY END-USER Commercial, Residential, Industrial, and Others
MARKET SEGMENTATION BY TYPE Hydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others

MARKET INSIGHTS

Brazil's Elevator and Escalator market was estimated at 12.3 thousand units in 2021 and is expected to reach 18.6 thousand units by 2028 growing at a CAGR of 6%. Rapid urbanization, with about 85% of the population residing in urban areas and various socio-economic development projects in the pipeline, entails the creation of more opportunities for the elevator and escalator market. The incremental growth for the installed base of the Brazil elevator market will be recorded at 186,518 units during 2021–2028.

Brazil Elevator and Escalator Market Size

For more information, Request a Sample! 

INVESTMENT PARTNERSHIP PROGRAM & PRO RAIL PROGRAM TO PROPEL INVESTMENTS ACROSS BRAZILIAN INFRASTRUCTURE

  • Loan approval of USD 97 million for the São Paulo Aricanduva BRT Corridor project to finance the construction of a high-quality Bus Rapid Transit (BRT) Bus system on the 14-kilometer corridor, including BRT stations, bicycle paths, and innovative signaling systems with public transport priority was granted by World bank.
  • From 2012 to 2015, the AFD (French Development Agency) supported Rio de Janeiro's urban mobility policies, and it is now collaborating with the Île-de-France Transport Authority (STIF), involving governance and urban integration for public transportation projects, extending the city's public transportation provider, and consolidating the integrated "single ticket" fare system.
  • The São Paulo Metro Line 6 is the largest public-private infrastructure project under construction in Latin America with an investment of BRL 15 billion; it will include 15 metro stations running along with a total of 15 kilometers. The main focus is to improve the travel time of commuters, relieve traffic jams on particularly congested roads, and, in general, decarbonize the transport sector in São Paulo.
  • The 172 km-long southern section between Sao Simao and Estrela Doeste of the North-South railway line will reduce the travel time and costs and allow better services to transport agricultural products from Central-west Brazil to the Port of Santos. According to the National Agency of Land Transportation (ANTT), the line has the potential to attract 22.73 million tons by 2055
  • Major international groups are planning to open their branch in Brazil; Kempinski hotels are renovating the old hotel Laje de Pedra in Canela, located in the Rio Grande do Sul, and is expected to launch its first hotel in Latin America in 2024. Radisson hotel construction has already begun at the coral resort.
  • In 2022, under Investment partnership Program, an infrastructural investment of USD 15.6 billion has been attracted by the private sector for the country's development and is expected to reach USD 72 Billion by 2025. Based on financial agreements during 2019-2022, the investments are expected to exceed over USD 260 Billion.

GREEN BUILDING PENETRATION FOCUSES ON THE RESIDENTIAL SECTOR TO BOOST THE INSTALLATION OF ENERGY-EFFICIENT ELEVATORS IN BRAZIL

  • The International Finance Cooperation (IFC) partnered with Brazilian Chamber For the construction Industry (CBIC) to decarbonize the already established buildings in Brazil using EDGE (Excellence in Design for Greater Efficiencies) certification. The partnership was announced in June 2021. To obtain EDGE Certification, a building construction project should save 20% of energy compared to a conventional building.
  • As a part of green economic recovery and create green economic opportunities mitigating changes caused due to urbanization on society and environment. Brazil is a potential market for green buildings with an estimated USD 24.7 trillion by 2030.
  • The Government of Sao Paulo state, concerning Public, private partnership (PPP), has initiated the Julio Prestes social housing project, which aims to provide 1,200 apartments for lower-income families as part of green housing for all vision. This project is EDGE certified; living in resource and energy-efficient buildings will likely reduce energy and water bills. People generally spend 20% of their income on utilities; based on the building unit, the residents at Julio Prestes can save up to 26% on utility bills.
  • 'Green and Yellow House' is a program initiated to build 12 million housing units, out of which 384,000 units were given to a socially vulnerable population of around 1.5 million.

INCREASED NEW INSTALLATIONS FUELLED BY SMART CITY PROJECTS & INVESTMENTS ACROSS PUBLIC INFRASTRUCTURE

  • The smart cities trend has been considerably growing over the years. The "Connected Smart Cities" platform accelerates the development of intelligent cities in Brazil. Belo Horizonte, Sao Paulo, Curitiba, Vitoria, and Rio de Janeiro are considered the top 5 smart cities by the Connected, intelligent city platform, considering various factors.
  • About 15% of the Brazilian population lives in rural areas. To provide the rural population access to all sections of society, the National Regional Development Policy (NRDP) and the National Urban Development Policy (NUDP) have taken a combined initiative named the Brazilian Charter Community for Smart Cities.
  • In 2021, escalators used in the commercial sector accounted for the largest share of around 38.7% in the Brazil escalator market, due to the surge in smart city projects and other infrastructure development projects in the pipeline.
  • The urban shift project in Brazil was accomplished by the Ministry of Science and Technology and Innovation (MCII) which UNEP implemented. Urban Shift's goal is to assist Brazilian metropolitan areas lessening GHG emissions, preserving biodiversity, and enhancing all residents' quality of existence. The capital cost for this project will be USD 12.6 million.

THE MAINTENANCE MARKET IS PUSHED BY BRAZIL EQUIPMENT STANDARD REQUIREMENTS

  • Brazilian Association of elevator companies (ABEEL) introduced a digital seal to distinguish companies based on meeting current standards, quality of products, commitment, and services to customers to ensure the elevator's safety and proper functioning. Companies now focus on providing quality services driving the maintenance market.
  • Elevators and escalators account for 94.3% and 5.7% of the modernization market.
  • According to ABEEL (Brazilian association of elevator companies), modernization of elevators leads to secondary consequences (reduced maintenance costs of elevators), stabilizing the economy for condominiums. Old elevators that require extra attention and additional charges lead to an increase in buildings' costs.

KEY HIGHLIGHTS IN THE REPORT

  • Elevator Expo is an important event for the vertical transport industry in Latin America; the 8th Edition of the Expo Elevador 2023 will be held in Brazil, targeting professionals, engineers, and architects in the sector (focusing on service providers companies) and students. This interactive platform brings together companies across the globe and might invest and expand in the nation.
  • With over 1,400 green building certification projects, Brazil will be South America's leading green building market by 2018. Until May 2022, there are 816 LEED (Leadership in Energy and Environmental Design) certified activities with a LEED-certified area of 175.3million square feet.
  • In 2017, the Government launched the National Tourism Plan 2018-2022 to increase annual international visitor arrivals from 6.6 million to 12 million, provide 2 million jobs, and encourage 40 million residents to travel domestically. The critical objective of tourism development is to create quality Brazilian tourism products. Furthermore, considering the country's regional culture and natural differences, strategies have been established to stimulate and facilitate the consumption of Brazilian tourism products in domestic and international markets.
  • With support from the strategic partnership of the Ministry of Science, Technology, and Innovation, with the Ministry of Communications and ANDUS Project in aid to the National Sustainable Urban Development Agenda in Brazil. The ANDUS Project is the cooperative result of Brazil-Germany and is implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH.

VENDOR LANDSCAPE

  • Otis, Schindler, and TKE are Brazil's top 3 manufacturers of elevators and escalators.
  • Atlas Schindler, in September 2019, expanded its factory with an increase of 7,200 m2 built area; this expansion of its manufacturing unit remains the largest firm in the nation. Atlas Schindler also supplies 25% of its production to Chile, Columbia, and Mexico.

Frequently Asked Questions

HOW BIG IS THE BRAZIL ELEVATOR AND ESCALATOR MARKET?

Brazil Elevator & Escalator market by new installations was estimated at 12.3 thousand units in 2021, which is expected to reach 18.6 thousand units by 2028.

WHO ARE THE KEY COMPANIES IN THE BRAZIL ESCALATOR AND ELEVATOR MARKET?

OTIS, Schindler, TK Elevator, Hitachi, Hyundai Elevator, and Fujitec are the key players.

IN BRAZIL, HOW MANY ELEVATORS AND ESCALATORS WERE INSTALLED IN 2021?

30600 units of elevators and escalators were installed in 2021 across Brazil.

WHAT ARE THE GROWTH FACTORS FOR THE BRAZIL ELEVATOR AND ESCALATOR MARKET?

The installation of MRL traction elevators saves up to 40% on electricity charges, which is expected to drive the growth of the Brazil elevator and escalator market.

WHAT IS THE GROWTH RATE OF BRAZIL ESCALATOR AND ELEVATOR MARKET?

The Brazil escalator and elevator market is expected to grow at a CAGR of 6% during the forecast period (2022-2028).

Download Free Sample

Brazil Elevator & Escalator market by new installations was estimated at 12.3 thousand units in 2021, which is expected to reach 18.6 thousand units by 2028 growing at a CAGR of 6% during the forecast period (2022-2028). The surge in the adoption of elevators in transportation infrastructure projects across Brazil will drive the growth of the other end-user elevators segment.        

Base Year: 2021

Forecast Year: 2022-2027

Scope: The report considers the present scenario of the Brazil elevator & escalator market and market dynamics for 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Brazil elevators & escalators market.

Key Vendors

  • OTIS
  • Schindler
  • TK Elevator
  • Hitachi
  • Hyundai Elevator
  • Fujitec

Other Prominent Vendors

  • Wittur
  • GMV Elevator
  • Vega Lifts
  • Schmersal
  • Draka Elevator
  • Giovenzana

Segmentation by Type

  • Hydraulic and Pneumatic
  • Machine Room Traction
  • Machine Room Less Traction
  • Others

Segmentation by carriage Type

  • Passenger
  • Freight

Segmentation by Person

  • 2-15
  • 16-24
  • 25-33
  • 34 and Above

Segmentation by End-User

  • Commercial
  • Residential
  • Industrial
  • Others

For more details, please reach us at enquiry@arizton.com

For more details, please reach us at enquiry@arizton.com

Select a license type that suits your business needs

single-user Single User Licence
$1980.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5-user 5 User Licence
$2250.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
corporate.png Corporate Licence
$2700.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
datasheet.png Datasheet Licence
$1350.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Our Clients

Prebook Tag
Licence Types What are these?
10 % OFF

Save 10% on this report.
Discount already applied

Our Clients Speak

erick

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Want to Customize the Report?

Click Here

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date