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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1539280

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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1539280

Italy Elevators and Escalators - Market Size & Growth Forecast 2024-2029

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The Italian elevator and escalator market is expected to grow at a CAGR of 0.89% from 2023 to 2029.

Growth Rate of Digitalization and Increasing Developments in Buildings to Drive the Italy Elevator and Escalator Market

  • Italy will likely invest USD 7.8 billion to modernize and increase dock capacity until 2026. The funding is mainly focused on increasing the size of ships that Italy's leading container ports can handle through dredging, new breakwaters, and improved connections to road and rail links.
  • USD 30.8 million was allocated to energy efficiency projects and building redevelopment as a critical investment in saving 0.98Mt CO2 by anticipating reduction through energy efficiency in public and private buildings.
  • Milan will be one of Europe's most modernized cities, with more public and private developments and an anticipated USD 13 billion in investment by 2030 (including USD 2 billion for public urbanization projects). Additionally, the housing industry in Milan will add 33,000 units by 2030, accommodating 100,000 people.
  • According to Eurostat, Italy has Europe's highest homeownership rates. In 2020, over 75% of families owned their homes, accounting for over 20 million units.

Regulation-Driven Maintenance and Modernization of Elevators and Escalators in Italy to Create Demand

  • In 2022, maintenance and modernization accounted for 67.9% and 32.1% of Italy's elevator and escalator markets, respectively.
  • According to Thyssenkrupp Elevator Italia, around 40% of the total building stock has crossed the 30-year threshold. Various technological advancements have made machine users more functional and economical from an energy perspective. They also need to satisfy EU regulations by sector, which is essential.
  • SMI (Scale Mobili Italia) is focused on the maintenance and service of mobility equipment, including elevators, escalators, and moving walkways. In 2018, it introduced training sessions and courses on escalator maintenance for technicians in elevator companies, where they can explore procedures for maintaining, modernizing, and replacing multi-brand escalators.

Government Efforts to Expand Infrastructure Across Nation to Increase Demand for New Installations in the Italy Elevator and Escalator Market

  • In August 2020, Hitachi and Italian contractors Webuild and Astaldi were awarded a contract worth USD 2.8 billion to begin initial works on Italy's Verona-Padua high-speed/high-capacity railway project. This project, which is anticipated to reach completion by 2027, aims to enhance the development of the infrastructure sector in Italy.
  • Italy will likely invest USD 7.8 billion to modernize and increase capacity at its docks until 2026. The funding is mostly focused on increasing the size of the ships that Italy's main container ports can handle through dredging, new breakwaters, and improved connections to road and rail links.
  • Italy has a vast transportation network that spans 18,000 kilometers and includes 7,000 kilometers of motorways and 1,500 kilometers of high-speed rail tracks. The Turin-Lyon high-speed railway is a rail project currently under construction between the cities of Turin and Lyon. This project will reach completion by 2032.

KEY HIGHLIGHTS

  • Italy ranks as the second country globally in terms of elevator infrastructure, boasting nearly 1,000,000 systems that facilitate nearly one hundred million daily trips. Despite this impressive figure, over 70% of the elevators operating in Italy have been functioning for over two decades, nearly 50% surpassing the thirty-year mark.
  • Italy has a substantial installed base of elevators within Europe; however, numerous multi-story buildings still lack them, adversely affecting comfort and accessibility. Less than 5% of residential buildings in Italy have elevator systems, and only one in eight buildings with three or more floors has an elevator installed. This gap presents an opportunity for major Original Equipment Manufacturers (OEMs) to explore the Italy elevator and escalator market, potentially addressing the demand for elevator installations in these buildings and improving overall accessibility and convenience.
  • On July 9, 2021, the Lazio Regional Council approved a budget of 27 million euros (approximately 32 million dollars) for renovating public housing properties. Of this amount, 15 million euros (about 18 million dollars) are designated for maintaining Ater buildings in Rome. The remaining 12 million euros (around 14 million dollars) are allocated to Ater buildings in other parts of Lazio.
  • The renovation plan for Ater buildings in Rome includes installing and maintaining approximately 200 elevators in various residential buildings across multiple neighborhoods. These neighborhoods include Tufello, Valmelaina, Pietralata, Ponte Mammolo, Garbatella, Tiburtino III, Acilia, Quarticciolo, San Basilio, Torrevecchia, Primavalle, Ostia Lido, Torre Gaia, Quadraro, Tor Marancia, Montesacro, Testaccio, Trullo, Tor de Schiavi, Settecamini, Torre Spaccata, Vigne Nuove, and Spinaceto. The renovation plan is projected to support the growth of the Italy elevator and escalator market.
  • Over the past three years, from February 2020 to March 2023, elevator usage in various cities, as measured by the average starts per Kone elevator, reflects the following trends: In Milan, there was a decrease from 10,100 to 8,000 average starts per Kone elevator, indicating a 79% recovery. Additionally, other major European cities witnessed a resurgence in tourists and business visitors during this period. The average number of stars per hotel elevator during this period also increased. The average starts per hotel elevator rose from 10,100 to 13,000 in Milan, representing a 129% recovery.
  • Italian manufacturer Sicor Italy Srl is set to expand its market reach directly to the U.K., France, and Germany from its Italian facilities, effective June 1, 2024.
  • Aritec New Materials Group, headquartered in Luzern, Switzerland, announced a strategic collaboration with Alberto Sassi S.p.A., an Italian firm renowned for its elevator machinery technology, on May 3, 2024.
  • Having operated in Italy for a decade through a subsidiary, Sweden's Hydroware S.r.l., revealed on July 21, 2023, it intends to concentrate on providing completely new lift packages in Italy.

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

1. Product Type

    • Parallel
    • Multi Parallel
    • Walkway
    • Crisscross

2. End-User

    • Public Transit
    • Commercial
    • Others
    • Institutional Sector
    • Infrastructure
    • Industrial

VENDOR LANDSCAPE

  • The key players in the Italy elevator and escalator market are KONE, Otis, TK Elevator, Mitsubishi Electric, Schindler, and Fujitec.
  • The top 4 prominent vendors in the Italy elevator and escalator market include Otis, KONE, Schindler, and TK Elevator, which account for 60% of the market share in Italy.

Key Vendors

  • Otis
  • KONE
  • Schindler
  • TK Elevator
  • Mitsubishi Electric
  • Fujitec

Other Prominent Vendors

  • Stannah Lifts Holdings Ltd.
  • Cibes Lift Group
  • GMV
  • NOVA Elevators
  • Giovenzana
  • Wittur
  • Millepiani Elevators
  • MoviLift
  • Vega Lifts
  • Benelifts
  • Schmersal Elevators

KEY QUESTIONS ANSWERED:

1. How big is the Italy elevator and escalator market?

2. What is the number of installed bases in the Italy elevator and escalator market in 2023?

3. What are the key opportunities in the Italy elevator and escalator market?

4. What will be the growth rate of the Italy elevator and escalator market?

5. What are the key Italy elevator and escalator market players?

Product Code: ARZCE240701

TABLE OF CONTENTS

1. Introduction

  • 1.1. Market Overview
  • 1.2. Market Snapshot of Elevators
  • 1.3. Market Snapshot of Escalators
  • 1.4. Executive Summary

2. Italy Elevators Market

  • 2.1. Future Outlook - Italy Elevator Market by Volume
  • 2.2. Italy Elevators Market- By Segments
    • 2.2.1. Italy Elevators Market, By Volume
      • 2.1.1.1. Italy Elevators Market Size and Forecast, Volume (Units)
    • 2.2.2. Italy Elevators Market, By Type
      • 2.2.2.1. Hydraulic and Pneumatic, Market Size and Forecast, Volume (Units),2020-2029
      • 2.2.2.2. Machine Room Traction, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.2.3. Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.2.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
    • 2.2.3. Italy Elevators Market by Carriage Type
      • 2.2.3.1. Passenger, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.3.2. Freight, Market Size and Forecast, Volume (Units), 2020-2029
    • 2.2.4. Italy Elevators Market by Persons
      • 2.2.4.1. 2-15 Persons, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.4.2. 16-24 Persons, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.4.3. 25-33 Persons, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.4.4. 34 Persons and Above, Market Size and Forecast, Volume (Units), 2020-2029
    • 2.2.5. Italy Elevators Market by End Users
      • 2.2.5.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.5.2. Residential, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.5.3. Industrial, Market Size and Forecast, Volume (Units), 2020-2029
      • 2.2.5.4. Others, Market Size and Forecast, Volume (Units), 2020-2029

3. Italy Escalators Market

  • 3.1. Future Outlook - Italy Escalators Market by Volume
  • 3.2. Italy Escalators Market- By Segments
    • 3.2.1. Italy Escalators Market, By Volume
      • 3.2.1.1. Italy Escalators Market Size and Forecast, Volume (Units), 2020-2029
    • 3.2.2. Italy Escalator Market by Type
      • 3.2.2.1. Parallel, Market Size and Forecast, Volume (Units), 2020-2029
      • 3.2.2.2. Multi-parallel, Market Size and Forecast, Volume (Units), 2020-2029
      • 3.2.2.3. Walkway, Market Size and Forecast, Volume (Units), 2020-2029
      • 3.2.2.4. Crisscross, Market Size and Forecast, Volume (Units), 2020-2029
    • 3.2.3. Italy Escalator Market by End Users
      • 3.2.3.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
      • 3.2.3.2. Public Transit, Market Size and Forecast, Volume (Units), 2020-2029
      • 3.2.3.3. Others, Market Size and Forecast, Volume (Units), 2020-2029

4. ITALY Elevators &Escalators Market, By Service (Maintenance & Modernization)

5. Geographical Analysis

  • 5.1. Key Economic cities in Italy

6. Energy and Environment

7. Market Dynamics

8. Technological Development

9. Competitive Landscape

  • 9.1. Major Vendors
  • 9.2. Other Prominent Vendors

10. Report Summary

  • 10.1. Quantitative Summary
  • 10.2. List of Abbreviations

11. Appendix (Report Scope & Definition)

  • 11.1. Research Methodology
  • 11.2. Market Definition, Inclusions, and Exclusions
Product Code: ARZCE240701

LIST OF EXHIBITS

1. ITALY ELEVATOR & ESCALATOR INSTALLED BASE BY VOLUME 2020-2029 (UNITS IN TH)

2. ITALY ELEVATOR & ESCALATOR NEW INSTALLATIONS BY VOLUME 2020-2029 (UNITS IN TH)

3. GLOBAL ELEVATORS & ESCALATORS MARKET, PRODUCT & SERVICE, 2022

4. MAINTENANCE & MODERNIZATION MARKET, 2022

5. ELEVATORS, INSTALLED BASE, VOLUME (UNITS IN TH)

6. ELEVATORS, NEW INSTALLATIONS, VOLUME (UNITS)

7. ELEVATORS: MAINTENANCE & MODERNIZATION, VALUE ($ MILLION)

8. ELEVATORS: MAINTENANCE & MODERNIZATION, 2023 (%)

9. ESCALATORS, INSTALLED BASE, VOLUME (UNITS)

10. ESCALATORS, NEW INSTALLATIONS, VOLUME (UNITS)

11. ESCALATORS: MAINTENANCE & MODERNIZATION, VALUE ($ MILLION)

12. ESCALATORS: MAINTENANCE & MODERNIZATION, 2023 (%)

13. ELEVATORS, INSTALLED BASE, AND NEW INSTALLATIONS (UNITS)

14. ELEVATOR DENSITY OF EUROPEAN COUNTRIES-2022

15. ELEVATORS, NEW INSTALLATIONS (UNITS)

16. AVERAGE LIFE EXPECTANCY OF AN ELEVATOR COMPONENT

17. HYDRAULIC & PNEUMATIC ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

18. MACHINE ROOMLESS TRACTION ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

19. MACHINE ROOM TRACTION ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

20. OTHER MACHINE ELEVATORS INSTALLED BASE AND NEW INSTALLATION (UNITS)

21. INSTALLED BASE AND NEW INSTALLATIONS OF PASSENGER ELEVATORS (UNITS)

22. INSTALLED BASE AND NEW INSTALLATIONS OF FREIGHT ELEVATORS (UNITS)

23. INSTALLED BASE AND NEW INSTALLATIONS OF 2-15 PERSON ELEVATORS (UNITS)

24. INSTALLED BASE AND NEW INSTALLATIONS OF 16-24 PERSON ELEVATORS (UNITS)

25. INSTALLED BASE AND NEW INSTALLATIONS OF 25-33 PERSON ELEVATORS (UNITS)

26. INSTALLED BASE AND NEW INSTALLATIONS OF 34 PERSONS AND ABOVE ELEVATORS (UNITS)

27. INSTALLED BASE AND NEW INSTALLATIONS OF COMMERCIAL ELEVATORS (UNITS)

28. INSTALLED BASE AND NEW INSTALLATIONS OF RESIDENTIAL ELEVATORS (UNITS)

29. INSTALLED BASE AND NEW INSTALLATIONS OF INDUSTRIAL ELEVATORS (UNITS)

30. INSTALLED BASE AND NEW INSTALLATIONS OF OTHER END-USER ELEVATORS (UNITS)

31. INSTALLED BASE AND NEW INSTALLATIONS OF ESCALATORS (UNITS)

32. NEW INSTALLATIONS OF ESCALATORS (UNITS)

33. INSTALLED BASE AND NEW INSTALLATIONS OF PARALLEL ESCALATORS (UNITS)

34. INSTALLED BASE AND NEW INSTALLATIONS OF MULTI-PARALLEL ESCALATORS (UNITS)

35. INSTALLED BASE AND NEW INSTALLATIONS OF MOVING WALKWAY ESCALATORS (UNITS)

36. INSTALLED BASE AND NEW INSTALLATIONS OF CRISSCROSS ESCALATORS (UNITS)

37. INSTALLED BASE AND NEW INSTALLATIONS OF PUBLIC TRANSIT ESCALATORS (UNITS)

38. INSTALLED BASE AND NEW INSTALLATIONS OF COMMERCIAL ESCALATORS (UNITS)

39. INSTALLED BASE AND NEW INSTALLATIONS OF OTHER END-USER ESCALATORS (UNITS)

40. ITALY ELEVATORS & ESCALATORS MAINTENANCE MARKET ($ MN)

41. ITALY ELEVATORS & ESCALATORS MODERNIZATION MARKET ($ MN)

42. RAW MATERIALS USED IN TKE'S ELEVATORS IN 2022

43. POPULATION AGED 65 AND ABOVE (% OF TOTAL POPULATION) - ITALY

44. MARKET SHARE 2023 (% SHARE)

45. OTIS, TOTAL SALES 2019-2023 ($BILLION)

46. OTIS MAINTENANCE PORTFOLIO BY REGION -2023

47. KONE, TOTAL SALES BY SEGMENT 2022 (% SHARE)

48. KONE: TOP TEN COUNTRIES BY SALES 2023 (% SHARE)

49. KONE: SALES BY REGION 2023 (% SHARE)

50. SCHINDLER: TOTAL SALES 2018-2023 ($ BILLION)

51. TKE ELEVATOR: REVENUE 2020-2023 ($ BILLION)

52. MITSUBISHI ELECTRIC: TOTAL SALES BY SEGMENT 2023 (% SHARE)

53. MITSUBISHI ELECTRIC REVENUE BY REGION 2023 (% SHARE)

54. FUJITEC NET SALES 2021-2023 ($BILLION)

LIST OF TABLES

LIST OF TABLES

1. GLOBAL RANK OF COUNTRIES BY NUMBER OF TALL BUILDINGS

2. NUMBER OF BUILDINGS UNDER CONSTRUCTION IN ITALY

3. ELEVATOR: BY MACHINE, NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

4. ELEVATOR: BY CARRIAGE TYPE, NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

5. ELEVATOR: BY CAPACITY (PERSONS), NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

6. ELEVATOR: BY END USER, NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

7. ESCALATOR: BY PRODUCT, NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

8. ESCALATOR: BY END USER, NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITY, 2023-2029

9. ENVIRONMENT IMPACT CREATED BY OTIS

10. RAW MATERIALS IN HITACHI BUSINESS OPERATIONS IN 2021

11. IMPACT OF CARBON EMISSIONS

12. DEVELOPMENTS/PROJECTS

13. ELEVATORS MARKET SIZE & FORECAST, BY MACHINE (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 PRODUCT (UNITS)

18. ESCALATORS MARKET SIZE & FORECAST BY END-USERS (UNITS)

19. LIST OF ABBREVIATIONS

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