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Report
France Elevator and Escalator - Market Size and Growth Forecast 2022-2027
Market Report I 2022-07-27 I 111 Pages I Arizton Advisory & Intelligence
France Elevator and Escalator market is expected to grow at a CAGR of 4% during 2022-2028
Infrastructure Projects and Ageing Population Growth are Driving Business For Elevators And Escalators
- France's elevators and escalators market is witnessing moderate growth as the increased migration of people from rural to urban regions have increased the need for escalators in multi-story structures and the public transportation sector. Furthermore, rising disposable income and an aging metropolitan population have fueled the market expansion.
- Various infrastructure projects such as In'li, the Action Logement Group's company, focuses on affordable housing in Ile-de-France and have set ambitious targets, with over 80,000 new housing units planned over the next ten years. The project will include 37,200 in the first five years for a total expenditure of EUR4.3 billion. These new buildings will primarily be in Paris and 76 surrounding communities.
- The population of France is aging, with about one-fifth of the population over the age of 65. In 2016, 12,867,160 persons in France were over 65 years old. By 2020, this number rose to 13,983,659. The increasing number of the aging population has paved the path for tremendous expansion in the elevator and escalator industry.
- Rapid urbanization coupled with an increasingly aging population drives demand for smart cities that put people first. In response, Schindler has created an elevator range based on a new modular approach with harmonized systems and components.
- Technology adoption, such as smart elevators connected to the internet, is becoming widespread. Elevator suppliers have already begun installing them in smart buildings.
The Grand Paris Project and the 2024 Olympic Games in Paris are expected to propel the elevator market forward.
- The Grand Paris concept aims to establish a united conurbation that is seven times the present size of Paris and with a population of 3.5 times that of the metropolis. The City of Paris, the three inner-suburb departments of Seine-Saint-Denis, Hauts-de-Seine, and Val-de-Marne, and several areas on the periphery will make up Greater Paris (Grand Paris).
- By 2030, the Grand Paris Express will include more than 200 km of additional metro lines and 68 new stations, which will assist in boosting the escalator and elevator market growth.
- Following consultations such as "Reinventing Paris," "Reinventing the Seine," and "Inventing the Metropolis of Greater Paris," requests for creative projects have been made to shape the profile of a more open and modern Ile-de-France.
- The fact that Paris will host the 2024 Olympic Games will certainly accelerate the project even more. To accommodate international delegations of athletes, fans, and the media, as many public facilities as feasible will need to be functioning.
INCREASING EXPENDITURE ON INFRASTRUCTURE PROJECTS
- The French construction sector witnessed a decent inflow of investments in recent years. The significant factors that triggered the investment were the 2024 Olympics that Paris would host and the subsequent construction activities.
- The country's migration between various prefectures has also stimulated the residential construction activities within the country.
- Investors are interested in France's housing market, where the government is attempting to alleviate the scarcity of space through laws. For instance, Hines has purchased a 30,000-square-meter portfolio of eight prime sites in France, including Paris and significant regional cities, to create a series of Build-to-Rent residential schemes. Five great locations in Paris and three regional cities in France will give 500 units of high-quality living space.
- The growing demand for urban transportation, as well as government efforts to boost tourism and expand transportation infrastructure, will propel rail and metro construction across the country.
Maintenance & Modernization
- The new technological upgrades primarily drive the demand for modernization; for instance, Mitsubishi Electric announced the immediate commercial launch of its new 'u' series of escalators, which enhances passenger safety and comfort, and significant energy savings compared to previous models' implementation. In addition, modernization solutions help increase the lifespan of the equipment.
- Over 50% of the elevators and escalators in Europe are older than 20 years, and elevators in Europe are among the oldest in the world. Hence the aging of elevators and escalators, especially the majority of old ones, is boosting the demand for modernization.
- In the past, factors such as abrupt landings, broken elevator doors, poorly maintained machinery, speeding, doors failing to open, and many others led to elevator accidents in France. There is a growing need for elevator maintenance to reduce such fatal accidents.
KEY HIGHLIGHTS OF THE MARKET
Energy Conservation And Sustainability Are Driving The Elevators And Escalator Market
The total number of escalators and elevators is increasing as buildings become taller and people's demands for comfort rise. As a result, eco-efficient elevators, escalators, automatic doors, and modernization options, are essential.
Increasing Security Requirements
The demand for elevator security in France and other European countries is a primary driver of the elevator market. Germany, France, and Spain are the busiest and older cities in Europe, where property owners are generally eager to raise the value of their property. Safety is a significant driver of the modernization of elevators and escalators. The European Committee for Standardization has updated its standard for new lifts, creating EN-80, the primary Safety Norm for Existing Lifts. This obligatory project across Europe, which is frequently seen as a benchmark outside of Europe, attempts to improve the safety of existing elevators. Modernization is reliant on customers who are willing to pay for it.
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
VENDOR LANDSCAPE
- The key players in France's Elevator & Escalator market are KONE, Otis, Hyundai Elevator TKE, Schindler, Mitsubishi Electric, Hitachi, Toshiba, Fujitec, and Kohler.
- Otis Elevator, Kone, Schindler, and TKE are the top 4 manufacturers of elevators & escalators in France.
- KONE is collaborating with Louvre Hotels Group, Europe's 2nd-largest hotel group and a subsidiary of Jin Jiang International, to equip the first smart hotel in Europe with the "SMART INSIDE" label in Lyon, France.
Key Vendors
- OTIS
- Kone
- Schindler
- TK Elevator
- Hitachi
- Hyundai Elevator
- Fujitec
- Toshiba
- Mitsubishi Electric
- Kohler
Other Prominent Vendors
- Stannah
- Orona
- Cibes Lift Group
- AKE Elevator
- KLEEMANN Aufzuge GmbH
KEY QUESTIONS ANSWERED
1. How much was the France elevator and escalator market worth in 2021?
2. What is the estimated value of the France elevator and escalator market by the installed base in 2028?
3. What is the growth rate of the new installation of elevators and escalators in France?
4. How much is the modernization market for elevators and escalators in France worth?
5. Who are the top manufacturers of elevators and escalators in France?
Section 1 - Introduction
- Market Scope
- Market Snapshot of Elevators
- Market Snapshot of Escalators
- Executive Summary
Section 2 - France Elevators Market
Future Outlook -France Elevator Market By Volume
2.1- France Escalators Market- By Segments
2.1.1- France Escalators Market, By Volume
France Escalators Market Size and Forecast, Volume (Units), 2019-2028
2.1.1.1. France Elevators Market, By Type
Hydraulic and Pneumatic , Market Size and Forecast, Volume (Units),2019-2028
Machine Room Traction, Market Size and Forecast, Volume (Units), 2019-2028
Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2019-2028
Others, Market Size and Forecast, Volume (Units), 2019-2028
2.1.1.2. France Elevators & Escalators Market by Carriage Type
Passenger, Market Size and Forecast, Volume (Units), 2019-2028
Freight, Market Size and Forecast, Volume (Units), 2019-2028
2.1.1.3. France Elevators Market by Persons
2-15 Persons, Market Size and Forecast, Volume (Units), 2019-2028
16-24 Persons, Market Size and Forecast, Volume (Units), 2019-2028
25-33 Persons, Market Size and Forecast, Volume (Units), 2019-2028
34 Persons and Above, Market Size and Forecast, Volume (Units), 2019-2028
2.1.1.4. France Elevators Market by End Users
Commercial, Market Size and Forecast, Volume (Units), 2019-2028
Residential, Market Size and Forecast, Volume (Units), 2019-2028
Industrial, Market Size and Forecast, Volume (Units), 2019-2028
Others, Market Size and Forecast, Volume (Units), 2019-2028
Section 3- France Escalators Market
Future Outlook - France Escalators Market by Volume
3.1- France Escalators Market- By Segments
3.1.1- France Escalators Market, By Volume
France Escalators Market Size and Forecast, Volume (Units), 2019-2028
3.1.1.1 France Escalator Market by Type
Parallel, Market Size and Forecast, Volume (Units) , 2019-2028
Multi-parallel, Market Size and Forecast, Volume (Units) , 2019-2028
Walkway, Market Size and Forecast, Volume (Units) , 2019-2028
Crisscross, Market Size and Forecast, Volume (Units) , 2019-2028
3.1.1.2 France Escalator Market by End users
Commercial, Market Size and Forecast, Volume (Units) , 2019-2028
Public Transit, Market Size and Forecast, Volume (Units) , 2019-2028
Others, Market Size and Forecast, Volume (Units) , 2019-2028
Section 4 France Elevators &Escalators Market , By service (Maintenance & Modernization)
Section 5-Geographical Analysis
Key Economic cities in France
Section 6- Market Dynamics
- Market Drivers, Opportunities, Restraints, Trends
Section 7 - Technological Development
Section 8- Competitive Landscape
1. Company Profile of major Vendors
2. Other Prominent vendors
Section 9 - Report Summary
1. List of Abbreviations
Section 10- Appendix (Report Scope & Definition)
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
1. Hotel project pipeline in France
2. Upcoming Hotel projects 2022-2025
3. Arrivals of foreign tourists in France by origin(million)
4. France Elevator & Escalator Installed Base by Volume 2018-2028 (Units)
5. France Elevator & Escalator New Installations by Volume 2018-2028 (Units)
6. Market Share 2021: Maintenance
7. Market Share 2021: Modernization
8. Total Installed Base : Volume (Units in Thousands)
9. Total New Installations: Volume (Units in Thousands)
10. Global Elevators & Escalators Market: Products & Services 2021: New installations
11. Global Elevators & Escalators Market: Products & Services 2021: Installed base
12. Maintenance and Modernization market 2022
13. Installed base of elevators by volume (units )
14. New Installations of elevators by volume (units )
15. Maintenance & Modernization Value($Million)
16. Maintenance & Modernization 2021(%)
17. Installed base of escalators by volume (units )
18. New Installations of escalators by volume (units )
19. Maintenance & Modernization Value($Million)
20. Maintenance & Modernization 2021(%)
21. Installed base and New installations of Elevators (Units)
22. New Installations of Elevators (Units)
23. Increased inflow of foreign property investors in France
24. %share of foreign property buyers in 2020
25. Average life expectancy of elevator components
26. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
27. Machine Room less Traction Elevators Installed base and New Installations (Units)
28. Machine Room Traction Elevators Installed base and New Installations (Units)
29. Others Machine Elevators Installed base and New Installation (Units)
30. Installed base and new installations of Passenger Elevators (Units)
31. Installed base and new installations of Freight Elevators (Units)
32. Installed base and new installations of 2-15 persons elevators (Units)
33. Installed base and new installations of 16-24 persons elevators (Units)
34. Installed base and new installations of 25-33 persons elevators (Units)
35. Installed base and new installations of 34 persons and above elevators (Units)
36. Assets held by unlisted real estate investment funds as of 31december 2018
37. Installed base and new installations of Commercial Elevators (Units)
38. Installed base and new installations of Residential Elevators (Units)
39. Installed base and new installations of Industrial Elevators (Units)
40. Installed base and new installations of other end-user Elevators (units)
41. Installed base and new installations of escalators (Units)
42. New installations of escalators (Units)
43. Installed base and new installations of Parallel Escalators (Units)
44. Installed base and new installations of Multi parallel Escalators (Units)
45. Installed base and new installations of Moving Walkway Escalators (Units)
46. Installed base and new installations of Criss cross Escalators (units)
47. Installed base and new installations of Public Transit Escalators (Units)
48. Installed base and new installations of Commercial Escalators (Units)
49. Installed base and new installations of Other End user Escalators (units)
50. France Elevators & Escalators Maintenance Market ($ Mn)
51. France Elevators & Escalators Modernization Market ($ Mn)
52. Modernizing an aging elevator can lead to 70% of energy saving
53. Modernization provides opportunity for upgrading buildings
54. Elevators and Escalators market :key economic cities in France 2021
55. KONE energy conservation initiative throughout the building life cycle
56. Population ages 65 and above, In total -France
57. Market Share 2020 (% share)
58. Mitsubishi, total sales by segment2020(%share)
59. Toshiba, net sales 2017-2021($billion)
60. Hitachi, total sales by segment 2020 (% share)
61. Otis total sales 2019-2021($billion)
62. Fujitec Net sales 2017-2022($million)
63. Schindler, total sales 2017-2020($billion)
64. KONE, total sales by segment 2020(%share)
65. TKE total sales 2020-2021($billion)
66. Hyundai, sales 2018-2020($billion)
LIST OF TABLES
1. Increased inflow of foreign property investors in France
2. By Machine, New Installations, Total Incremental Opportunity, 2021-2028
3. By Carriage Type, New Installations, Total Incremental Opportunity, 2021-2028
4. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2021-2028
5. By End User, New Installations, Total Incremental Opportunity, 2021-2028
6. By Product, New Installations, Total Incremental Opportunity, 2021-2028
7. By End User, New Installations, Total Incremental Opportunity, 2021-2028
8. Number of buildings completed in 2020 with a height of 160m or greater
9. Upcoming infrastructure projects($million)
10. Increasing expenditure on residential construction projects
11. %variation of investments in real terms on previous year
12. Developments/ projects
13. Elevators market size & forecast, by type (Units)
14. Elevators by Carriage Type Market Size & Forecast (Units)
15. Elevators market size & forecast, by persons (Units)
16. Elevators by End-Users Market Size & Forecast(Units)
17. Escalators market size & forecast, by type (Units)
18. Escalators market size & forecast, by end users(Units)
19. List of abbreviations
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