PUBLISHED DATE : Feb 2023 | Pages : 111
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Spain Elevator and Escalator Market Size (Volume)
Spain Elevator Market Size (Volume)
Spain Escalator Market Size by Volume
Spain Elevator and Escalator Size, Share, & Trends Analysis Report by
Elevator Market Segmentation
Escalator Market Segmentation
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029
111 Pages
15 Tables
50 Charts
1 Regions
1 Countries
15 Companies
6 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE BY NEW INSTALLATIONS (2029) | 35.6 thousand units |
| MARKET SIZE BY NEW INSTALLATIONS (2022) | 30.6 thousand units |
| CAGR (2022-2029) | 2.16% |
| MARKET SIZE BY INSTALLED BASE (2029) | 1,286.2 thousand units |
| MARKET SIZE BY MODERNIZATION (2029) | USD 567.8 Million |
| BASE YEAR | 2022 |
| FORECAST YEAR | 2023-2029 |
| MARKET SEGMENTATION BY CARRIAGE 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 |
The Spain elevator and escalator market accounted for 30.6 thousand units (by new installations) in 2022 and is expected to reach 35.6 thousand units by 2029, growing at a CAGR of 2.16% during the forecast period. The increasing demand for high-rise structures and the government's focus on infrastructure in key economic cities have propelled Spain's elevator business to new heights.
The Spain elevator market is expected to reach 1,266,669 units (by the installed base) by 2029. In 2022, the residential elevators segment accounted for the largest revenue share, attributable to the high government expenditure on construction projects. Further, factors such as the high demand for accommodation in the hospitality and housing sectors and the surge in the construction of high-rise buildings and skyscrapers have accelerated the demand for elevators and smart and efficient technologies to support this growth.
The Growth Rate of Green Transition in Buildings to Drive the Energy-Efficient Elevator and Escalator Market in Spain
Governments Efforts to Expand Infrastructure Across the Nation to Increase Demand for New Installations
Regulation-driven maintenance and modernization of elevators and escalators in Spain to create demand
Frequently Asked Questions
How big is the Spain elevator and escalator market?
The Spain elevator and escalator market size by new installations accounted for 30.6 thousand units in 2022 and is expected to reach 35.6 thousand units by 2029.
What will be the growth rate of the Spain elevator and escalator market?
The Spain elevator and escalator market share by new installations is expected to grow at a CAGR of 2.16 % during the forecast period (2023-2029).
What is the number of installed bases in the Spain elevator and escalator market in 2022?
The number of installed bases in the Spain elevator and escalator market accounts for approximately 1,125.8 thousand units in 2022.
The maintenance and modernization segment in the Spain elevator and escalator market is majorly propelled by the growing installed base, high demand for performance, eco-efficiency, reliability, and safety, new maintenance technologies, aging installed base, high demand for sustainability, safety, and people flow, and conversion to smart technology.
Who are the key companies in the Spain elevator and escalator market?
The key players in the Spain elevator and escalator market are Otis, TK Elevator, Schindler, KONE, Mitsubishi Electric, Fujitec, Hyundai Elevator, Hitachi, and Orona Elevators.
The Spain elevator and escalator market size by new installations was estimated at 30.6 thousand units in 2022 and is expected to reach 35.6 thousand units by 2029, growing at a CAGR of 2.16 % during the forecast period.
The following factors are likely to contribute to the growth of the Spain elevator and escalator market during the forecast period:
Base Year: 2022
Forecast Year: 2023-2029
The report considers the present scenario of the Spain 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 Spain elevator & escalator market.
Key Vendors
Other Prominent Vendors
Elevator Market Segmentation by
Machine Type
Carriage Type
Capacity
End-User
Escalator Market Segmentation by
Product Type
End-User
Section 1 – Introduction
Section 2 – Spain Elevators Market
|
2.1Future Outlook -Spain Elevator Market By Volume
2.2- Spain Escalators Market- By Segments
Spain Escalators Market Size and Forecast, Volume (Units), 2020–2029
2.2.1.1. Spain 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
2.2.1.2. Spain Elevators & Escalators Market by Carriage Type Passenger, Market Size and Forecast, Volume (Units), 2020–2029 Freight, Market Size and Forecast, Volume (Units), 2020–2029
2.2.1.3. Spain 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
2.2.1.4. Spain 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 |
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Section 3- Spain Escalators Market
3.1Future Outlook - Spain Escalators Market by Volume
3.2- Spain Escalators Market- By Segments
3.2.1- Spain Escalators Market, By Volume
Spain Escalators Market Size and Forecast, Volume (Units), 2020–2029
3.2.1.1 Spain 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
3.2.1.2 Spain 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
Section 4 Spain Elevators &Escalators Market, By service (Maintenance & Modernization)
Section 5-Geographical Analysis
Key Economic cities in Spain
Section 6- Market Dynamics
Section 7 – Technological Development
Section 8– Competitive Landscape
1. Company Profile of major Vendors
2. Other Prominent vendors
Section 9 – Report Summary
List of Tables
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