Germany Elevator and Escalator Market - Size and Growth Forecast 2023-2029

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THE GERMANY ELEVATOR AND ESCALATOR MARKET WAS VALUED AT 20.1 THOUSAND UNITS IN 2022 AND IS EXPECTED TO REACH 25 THOUSAND UNITS BY 2029, GROWING AT A CAGR OF 3.12% DURING THE FORECAST PERIOD.

Germany Elevator and Escalator Market Size (Volume) 

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

Germany Elevator Market Size (Volume) 

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

Germany Escalator Market Size by Volume  

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

Germany Elevator And Escalator Size, Share, & Trends Analysis Report by 

Elevator Market Segmentation

  • Machine Type: Hydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others (Climbing Elevators and Industrial Elevators)
  • 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 (Public Transit, Institutional, and Infrastructural)

Escalator Market Segmentation

  • Product Type: Parallel, Multi Parallel, Walkway, and Crisscross
  • End-User: Public Transit, Commercial, and Others (Institutional Sector, Infrastructure & Industrial)

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

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GERMANY ELEVATOR AND ESCALATOR MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE BY NEW INSTALLATIONS (2029)25 thousand units
MARKET SIZE BY NEW INSTALLATIONS (2022)20.1 thousand units
CAGR (2022-2029)3.12%
MARKET SIZE BY INSTALLED BASE (2029)1,003.7 thousand units
MARKET SIZE BY MODERNIZATION (2029)USD 419.7 Million
BASE YEAR2022
FORECAST YEAR2023-2029
HISTORICAL YEAR2020-2021
MARKET SEGMENTATION BY CARRAIGE TYPEPassenger and Freight
MARKET SEGMENTATION BY CAPACITY2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above
MARKET SEGMENTATION BY END-USERCommercial, Residential, Industrial, and Others
MARKET SEGMENTATION BY TYPEHydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others
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The Germany elevator and escalator market by new installations accounted for 20.1 thousand units in 2022 and is expected to reach 25 thousand units by 2029, growing at a CAGR of 3.12% from 2022-2029. The increasing demand for high-rise structures and the government's focus on infrastructure in key economic cities have propelled the elevator business in Germany to new heights.

The Germany elevator market by the installed base is expected to reach 96.3 thousand units by 2029. The elevators market in Germany in 2022 witnessed a more substantial growth than expected, representing medium year-on-year demand of 2.7% for the term 2023-2025 due to high raw material costs, neutral manufacturing activity, and fresh COVID-19 cases weighing on the recovery momentum. Future elevator industry growth is anticipated to be driven by investments in public sector infrastructure, digitalization, energy-efficient housing renovations, and a green circular economy, all of which are supported by EU financing.

KEY HIGHLIGHTS

  • In September 2020, the Federal Minister of the Interior, Building, and Community announced that the second round of the national funding program "Smart City Model Projects" will support 32 Smart City Model Projects with roughly 350 million Euros. In 2021, out of 94 cities, districts, and municipalities participating in the nation’s “Smart Cities Model Projects” for funding, only 28 were selected officially.
  • Germany has allotted EUR 2.5 billion as part of its 2021–2026 National Recovery and Resilience Plan (NRRP) for investments in the repair of energy-efficient buildings. The country is anticipated to achieve at least a 30% energy reduction through this extensive remodeling effort.
  • The government introduced the "Energy Efficiency Strategy 2050" initiative in December 2019, intending to meet its 2030 targets by encouraging energy efficiency investments across several sectors. The Energy Conservation Law in Germany specifies the regulations for energy conservation. The Energy Conservation Act (EnEG), the Energy Conservation Ordinance (EnEV), which the GEG substituted in November 2020, and the Renewable Energies Heat Act (EEWärmeG) include the most significant regulations governing energy efficiency in buildings.
  • Under the Basic Law, the German government has earmarked USD 1 billion in program funds to be utilized between 2020 and 2024 to give financial support regarding social housing. The German government has initiated several measures to develop the country’s housing market. It has allocated EUR 5.0 billion (USD 5.9 billion) under its housing policies to construct 100,000 rental units in the next four years.
  • Otis Germany signed an agreement with the Max Bögl Group to develop a new business model allowing clients to get elevator modules in high-quality serial manufacturing from a single source, bringing the "Living Modular" idea to life. Otis will provide elevator components with cutting-edge technology, which Otis will build at the Max Bögl factory.

The Growth Rate Of Digitalization And Increasing Developments In Buildings To Drive The Germany Elevator And Escalator Market

  • By developing a roadmap for digital design and construction, Building Information Modelling is regarded as the standard tool for planning and designing a building for all federal infrastructure projects, according to the Federal Ministry of Transport and Digital Infrastructure(BMVI). In Germany, companies are using BIM as part of their projects for more than USD 25 million value. Increasing usage of BIM will create more opportunities for international companies which can provide BIM software to local companies.
  • Germany's residential program aims to complete the extensive renovation of 40,000 homes by 2026, as stated in its 2021–2026 National Recovery and Resilience Plan (NRRP). Municipal living laboratories for the energy transition will be used with this measure to perform pilot programs that explore new ideas for an effective and sustainable energy supply in urban areas.
  • The climb lift system was Schindler's new upgrade of access equipment used for high-rise projects in Germany (Elbtower in Hamburg) and the Middle East. The Schindler Climb Lift's interior design will enable building work to be completed more efficiently, especially regarding the exterior. According to Schindler, these elements can help to cut the cost of constructing high-rise buildings by approximately 5%.
  • The Important Project of Common European Interest (IPCEI) on Microelectronics and Communication Technologies(USD 1.5 billion) and the IPCEI on Next Generation Cloud Infrastructure and Services (IPCEI-CIS) USD 767.6 million) Two significant multi-country digitalization projects are also a part of the NRRP.

Governments Effort To Expand Infrastructure Across Nation To Increase Demand For New Installations

  • With civil engineering, as a part of the overall funding of USD 276 billion under the 2030 Federal Transport System Plan, the German government has already declared a USD 88 billion investment plan in the country's rail infrastructure.
  • As part of the initiative for the future of rail in Northern Germany, the northern states of Germany agreed to major new-build and infrastructure upgrades for their rail systems in January 2022. To modernize their rail networks up to 2030, Bremen, Hamburg, Mecklenburg-Western Pomerania, Lower Saxony, and Schleswig-Holstein will invest a record USD 30 billion.
  • A total of USD 145.4 billion has been allocated for capital maintenance and investment in replacement infrastructure across all three modes of transportation from 2016 to 2030. The FTIP 2030 also seeks to establish the groundwork for an environmentally sustainable transportation system by investing in transportation infrastructure.

Regulations For Maintenance Of Elevators And Escalators In Germany By The TUV Association To Create Demand

  • The maintenance and modernization in the Germany elevator and escalator market accounted for 67.9% and 32.1%, respectively, for the year 2022.
  • In 2018, there were approximately 100,000 elevators that had not been tested. Annual inspections of elevators are required in Germany, and following each TÜV inspection, a sticker identifying the following inspection date must be placed inside the elevator. The elevator has not been inspected if that date has passed. In 2017, 1,965 elevators were closed, with the TÜV Association reporting that the total figure for Germany was 3,500.

REGIONAL ANALYSIS

  • In the first two quarters of 2022, the Big 5 regions (Berlin, Düsseldorf, Frankfurt, Hamburg, and Munich) occupied over 1.51 million square meters of space, a startling 35% rise over the same period in 2021. This development is not solely attributable to the construction the new Tesla factory in Grünheide, which added 327,000 square meters to the first-quarter total after receiving planning authorization.
  • The Bavarian Ministry of Housing, Construction, and Transport decided to invest USD 447.6 million in the German state's rail system in July 2020. The money will be used to build new stations in Brunnen, Regensburg, and LindaWürzburg and increase accessibility along the Senden-Marktoberdorf route, among other minor regional rail projects. Such factors play a crucial role in the Germany elevator and escalator market growth.

VENDOR LANDSCAPE

  • The key players in the Germany elevator and escalator market are KONE, Otis, TK Elevator, Mitsubishi Electric, Schindler, Fujitec, Kohler, and Schmitt+Sohn Aufzuge.
  • The top four prominent vendors, including Otis, KONE, Schindler, and TK Elevator, account for 49% of the Germany elevator and escalator market share.
  • Schindler adopted the Top Speed 23 program to accelerate digitization, boost product innovation, strengthen its position in key markets, and address profitability gaps.
  • KÖHLER Elevator GmbH provides complete elevator packages for use with or without machine room traction. The company’s SYMPHONY lift generation can be individually configured according to the application's requirements for New installations for office buildings, residential, hotels and shopping centers, airports, and hospitals.
  • In February 2022, meta100 and meta200  by TKE offer the desired solution for medium-height buildings. Meta200 has an "Automatic Rescue Device" that will take passengers to the nearest floor they can exit the elevator in case of being stuck in the elevator, a camera system in terms of in-cab security monitoring, and a soft and sensitive device.

Frequently Asked Questions

How big is the Germany elevator and escalator market?

The Germany elevator and escalator market size by new installations accounted for 20.1 thousand units in 2022 and is expected to reach 25 thousand units by 2029.

What is the number of installed bases in the Germany elevators and escalators market in 2022?

The number of installed bases in the Germany elevators and escalators market accounts for approximately 858.9 thousand units in 2022.

Who are the key companies in the Germany elevator and escalator market?

The key players in the Germany elevator and escalator market are KONE, Otis, TK Elevator, Mitsubishi Electric, Schindler, Fujitec, Kohler, and Schmitt+Sohn Aufzuge.

What will be the growth rate of the Germany elevator and escalator market?

The Germany elevator and escalator market share by new installations is expected to grow at a CAGR of 3.12% from 2022-2029.

What are some key market opportunities in the Germany elevator and escalator market?

The increasing use of AI and IoT in elevators and escalators, the adoption of energy-efficient technologies for a longer run of elevators and escalators, promotion of the adoption of automated elevator ventilation systems as an environmental concern are some significant market opportunities for Germany elevator and escalator market.

The Germany elevator and escalator market size by new installations accounted for 20.1 thousand units in 2022 and is expected to reach 25 thousand units by 2029, growing at a CAGR of 3.12% during the forecast period.

The following factors are likely to contribute to the growth of the Germany elevator and escalator market during the forecast period:

  • Encountering The Demand Of The Elderly Population
  • Urbanization And Increasing Infrastructural Activities
  • Demand For Smart Elevators
  • Increased Inflow Of Property Investors

Base Year: 2022

Forecast Year: 2023-2029

The report considers the present scenario of the Germany elevator and escalator market and market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the volume and value sales with a segment analysis of the Germany elevator and escalator market.

Key Vendors

  • KONE
  • Mitsubishi Electric
  • TK Elevator
  • Otis
  • Fujitec
  • Schindler
  • KÖHLER Elevator GmbH
  • Schmitt+Sohn Aufzuge

Other Prominent Vendors

  • LIFT-OK.COM
  • SJEC
  • AKE ELEVATOR
  • KLEEMANN Aufzüge GmbH
  • Stannah Lifts Holdings Ltd.

Elevator Market Segmentation by

Machine Type

  • Hydraulic and Pneumatic
  • Machine Room Traction
  • Machine Room Less Traction
  • Others 
    • Climbing
    • Elevators
    • Industrial Elevators

Carriage Type

  • Passenger
  • Freight 

Capacity

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

End-User

  • Commercial
  • Residential
  • Industrial
  • Others 
    • Public Transit
    • Institutional
    • Infrastructural

Escalator Market Segmentation by

Product Type

  • Parallel
  • Multi Parallel
  • Walkway
  • Crisscross

End-User

  • Public Transit
  • Commercial
  • Others
    • Institutional Sector
    • Infrastructure
    • Industrial
  1. Germany Elevator & Escalator Installed Base by Volume 2020-2029 (Units)
  2. Germany Elevator & Escalator New Installations by Volume 2020-2029 (Units)
  3. Market Share 2022: Maintenance
  4. Market Share 2022: Modernization
  5. Total Installed Base : Volume (Units in Thousands)
  6. Total New Installations: Volume (Units in Thousands)
  7. Elevators & Escalators Market Share by Geography, 2022
  8. Elevators & Escalators Market, 2022
  9. Maintenance market,Regions 2022
  10. Installed base of elevators by volume (units )
  11. New Installations of elevators by volume (units )
  12. Maintenance & Modernization Value($Million)
  13. Maintenance & Modernization 2022(%)
  14. Installed base of escalators by volume (units )
  15. New Installations of escalators by volume (units )
  16. Maintenance & Modernization Value($Million)
  17. Maintenance & Modernization 2022(%)
  18. Installed base and New installations of Elevators (Units)
  19. New Installations of Elevators (Units)
  20. Number of buildings by year of construction in germany-2018 (units in thousands)
  21. Average life expectancy of elevator components
  22. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
  23. Machine Room less Traction Elevators Installed base and New Installations (Units)
  24. Machine Room Traction Elevators Installed base and New Installations (Units)
  25. Others Machine Elevators Installed base and New Installation (Units)
  26. Installed base and new installations of Passenger Elevators (Units)
  27. Installed base and new installations of Freight Elevators (Units)
  28. Installed base and new installations of 2–15 persons elevators (Units)
  29. Installed base and new installations of 16-24 persons elevators (Units)
  30. Installed base and new installations of 25-33 persons elevators (Units)
  31. Installed base and new installations of 34 persons and above elevators (Units)
  32. Installed base and new installations of Commercial Elevators (Units)
  33. Installed base and new installations of Residential Elevators (Units)
  34. Installed base and new installations of Industrial Elevators (Units)
  35. Installed base and new installations of other end-user Elevators (units)
  36. Installed base and new installations of escalators (Units)
  37. New installations of escalators (Units)
  38. Installed base and new installations of Parallel Escalators (Units)
  39. Installed base and new installations of Multi parallel Escalators (Units)
  40. Installed base and new installations of Moving Walkway Escalators (Units)
  41. Upcoming Hotel Projects in Germany
  42. Installed base and new installations of Criss cross Escalators (units)
  43. Installed base and new installations of Public Transit Escalators (Units)
  44. Installed base and new installations of Commercial Escalators (Units)
  45. Warehouse total capacity in space(sqm) in H1 2022
  46. Installed base and new installations of Other End user Escalators (units)
  47. Germany Elevators & Escalators Maintenance Market ($ Mn)
  48. Germany Elevators & Escalators Modernization Market ($ Mn)
  49. Elevators and Escalators market :key economic regions in Germany 2021
  50. Investments in commercial real estate, by usage type
  51. Residential construction in Germany 2015-2020 ($ bn)
  52. Building permits for Building construction in Germany
  53. Market share 2020(% share)
  54. KONE, total sales by segment 2020(%share)
  55. Mitsubishi, total sales by segment2020(%share)
  56. TKE total sales 2020-2021($billion)
  57. Otis total sales 2020-2021($billion)
  58. Fujitec net sales 2017-2021($billion)
  59. Schindler, total sales 2017-2020($billion)

List of Tables

  1. Leading ten tallest buildings in Germany
  2. Upcoming skyscraper projects in Germany
  3. By Machine, New Installations, Total Incremental Opportunity, 2021-2029
  4. By Carriage Type, New Installations, Total Incremental Opportunity, 2021-2029
  5. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2021-2029
  6. By End User, New Installations, Total Incremental Opportunity, 2021-2029
  7. By Product, New Installations, Total Incremental Opportunity, 2021-2029
  8. By End User, New Installations, Total Incremental Opportunity, 2021-2029
  9. Selected developments under construction
  10. Towering buildings and skyscrapers in Germany
  11. Population ages (% of total population) – Germany
  12. Prefabricated building construction permits in Germany 2021
  13. Developments/ projects
  14. Elevators market size & forecast, by type (Units)
  15. Elevators by Carriage Type Market Size & Forecast (Units)
  16. Elevators market size & forecast, by persons (Units)
  17. Elevators by End-Users Market Size & Forecast(Units)
  18. Escalators market size & forecast, by type (Units)
  19. Escalators market size & forecast, by end users(Units)
  20. List of abbreviations
  1. Introduction
    • Market Scope
    • Market Snapshot of Elevators
    • Market Snapshot of Escalators
    • Executive Summary
  2. Germany Elevators Market
    • Future Outlook -Germany Elevator Market By Volume
    • Germany Escalators Market- By Segments
      • Germany Escalators Market, By Volume

              Germany Escalators Market Size and Forecast, Volume (Units), 2020–2029

  • Germany Elevators Market, By Type

Hydraulic and Pneumatic , Market Size and Forecast, Volume (Units),2020–2029

Machine Room Traction, Market Size and Forecast, Volume (Units), 2020–2029

Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2020–2029

Others, Market Size and Forecast, Volume (Units), 2020–2029

  • Germany Elevators & Escalators Market by Carriage Type

Passenger, Market Size and Forecast, Volume (Units), 2020–2029

Freight, Market Size and Forecast, Volume (Units), 2020–2029

  • Germany Elevators Market by Persons

2-15 Persons, Market Size and Forecast, Volume (Units), 2020–2029

16-24 Persons, Market Size and Forecast, Volume (Units), 2020–2029

25-33 Persons, Market Size and Forecast, Volume (Units), 2020–2029

34 Persons and Above, Market Size and Forecast, Volume (Units), 2020–2029

  • Germany Elevators Market by End Users

Commercial, Market Size and Forecast, Volume (Units), 2020–2029​

Residential, Market Size and Forecast, Volume (Units), 2020–2029​

Industrial, Market Size and Forecast, Volume (Units), 2020–2029​

Others, Market Size and Forecast, Volume (Units), 2020–2029

  1. Germany Escalators Market
    • Future Outlook - Germany Escalators Market by Volume
    • Germany Escalators Market- By Segments
      • Germany Escalators Market, By Volume

Germany Escalators Market Size and Forecast, Volume (Units), 2020–2029

  • Germany Escalator Market by Type
    Parallel, Market Size and Forecast, Volume (Units) , 2020–2029

Multi-parallel, Market Size and Forecast, Volume (Units) , 2020–2029

Walkway, Market Size and Forecast, Volume (Units) , 2020–2029

Crisscross, Market Size and Forecast, Volume (Units) , 2020–2029

  • Germany Escalator Market by End users
    Commercial, Market Size and Forecast, Volume (Units), 2020–2029

Public Transit, Market Size and Forecast, Volume (Units), 2020–2029

Others, Market Size and Forecast, Volume (Units), 2020–2029

  1. Germany Elevators &Escalators Market, By service (Maintenance & Modernization)
  2. Geographical Analysis
    • Key Economic cities in Germany
  3. Market Dynamics
    • Market Drivers, Opportunities, Restraints, Trends
  4. Technological Development
  5. Competitive Landscape
    • Company Profile of major Vendors
    • Other Prominent vendors
  6. Report Summary
    • List of Abbreviations
  7. Appendix (Report Scope & Definition)
    • Research Methodology
    • Market Definition, Inclusion & Exclusion

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Frequently Asked Questions

How big is the Germany elevator and escalator market?

The Germany elevator and escalator market size by new installations accounted for 20.1 thousand units in 2022 and is expected to reach 25 thousand units by 2029.

What is the number of installed bases in the Germany elevators and escalators market in 2022?

The number of installed bases in the Germany elevators and escalators market accounts for approximately 858.9 thousand units in 2022.

Who are the key companies in the Germany elevator and escalator market?

The key players in the Germany elevator and escalator market are KONE, Otis, TK Elevator, Mitsubishi Electric, Schindler, Fujitec, Kohler, and Schmitt+Sohn Aufzuge.

What will be the growth rate of the Germany elevator and escalator market?

The Germany elevator and escalator market share by new installations is expected to grow at a CAGR of 3.12% from 2022-2029.

What are some key market opportunities in the Germany elevator and escalator market?

The increasing use of AI and IoT in elevators and escalators, the adoption of energy-efficient technologies for a longer run of elevators and escalators, promotion of the adoption of automated elevator ventilation systems as an environmental concern are some significant market opportunities for Germany elevator and escalator market.