Japan elevator and Escalator Market Research Report, 2029

Japan is one of the largest elevator and escalator markets in the world. The market's size is driven by the country's dense urban population, high-rise buildings, and advanced infrastructure. According to industry reports, Japan accounted for a significant share of the global elevator and escalator market. Japan is known for its technological innovation, and the elevator and escalator industry is no exception. Japanese manufacturers have been at the forefront of developing cutting-edge technologies and features, such as destination control systems, high-speed elevators, regenerative drives, and advanced safety features. Safety is a paramount concern in the Japanese elevator and escalator market. Manufacturers in Japan have been actively developing products that cater to the needs of elderly and disabled individuals, including features like larger buttons, audio announcements, and braille signage. Japan has a significant number of aging buildings, particularly in urban areas. Retrofitting and modernization projects are common to enhance the performance, energy efficiency, and safety of existing elevator and escalator systems. This presents a significant market opportunity for manufacturers and service providers. Japan is renowned for its high-speed elevator systems. Notably, the country has some of the fastest elevators globally, capable of reaching speeds of over 1,000 meters per minute. These elevators are commonly found in tall buildings and observation decks. The Japanese elevator and escalator market is dominated by major manufacturers with a strong global presence. Companies such as Mitsubishi Electric Corporation, Hitachi Ltd., Toshiba Elevator and Building Systems Corporation, and Fujitec Co. Ltd. are among the leading players in the market. According to the research report "Japan Elevators and Escalators Market Research Report, 2029," published by Actual Market Research, the Japan elevators and escalators market is expected to reach a market size of more than USD 4.15 Billion by 2029. The oldest operating elevator in Japan is located in the Shizuoka Prefecture and has been in service since 1893. Known as the ""Kamif?sen Elevator,"" it is recognized as one of the oldest working elevators in the world. Japan has a high concentration of escalators, particularly in train stations, shopping malls, and commercial complexes. It is estimated that Japan has the highest number of escalators per capita in the world. In recent years, Japan has seen the introduction of unmanned elevators in certain locations. These elevators are equipped with advanced technologies such as facial recognition and artificial intelligence to provide secure and convenient vertical transportation. Japan is known for its innovative use of double-deck elevators, especially in high-rise buildings. These elevators have two stacked cabins that enable efficient transportation of a larger number of passengers within the limited elevator shaft space. Japan has developed elevators specifically designed for skyscrapers. The elevators in the Tokyo Skytree, one of the tallest towers globally, can ascend to the observation deck at a speed of about 600 meters per minute. Due to the country's vulnerability to earthquakes, Japanese elevator and escalator manufacturers have implemented advanced earthquake-resistant technologies. These include seismic isolation systems, emergency power supply systems, and automatic emergency evacuation features. Japan is known for its creative approach to elevator interiors. Many elevators in Japan are adorned with artwork, designs, and themes that enhance the passenger experience and reflect the local culture. The concept of elevator music, also known as ""muzak,"" originated in Japan. The idea was to create calming and pleasant background music for elevator rides, which has now become a common feature worldwide.

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Passenger elevators dominate the market, with a focus on high-rise buildings and skyscrapers. New developments include the use of energy-efficient technologies, such as regenerative drives that capture energy during braking to reduce power consumption. There is also a trend towards destination dispatch systems that optimize traffic flow by grouping passengers based on their desired floors. Freight elevators are designed for transporting goods and materials. Recent advancements include larger car sizes, higher weight capacities, and specialized features like reinforced walls and floors to handle heavy loads. Some freight elevators are equipped with advanced control systems for precise positioning and smooth acceleration/deceleration. Escalators are widely used in commercial settings like shopping malls, airports, and train stations. Parallel escalators are the most common type, with two escalators running side-by-side. Multi-parallel escalators feature three or more units installed together. Walkway escalators are longer and wider, suitable for moving larger crowds. Crisscross escalators are arranged in an X-shape, often seen in metro stations. Recent trends in the escalator market include the development of energy-saving technologies, such as variable-speed drives that adjust the escalator's speed based on passenger traffic. Moving walkways, also known as moving sidewalks, are used to transport passengers over long distances, typically in airports and shopping malls. They are similar to escalators but move at a slower pace. New Installation involves the deployment of elevators and escalators in new construction projects, which is particularly significant in Japan due to ongoing urban development and infrastructure projects. Notable examples include the construction of supertall skyscrapers and mixed-use complexes, such as the Toranomon-Azabudai District in Tokyo, which necessitate advanced traction elevators to accommodate high traffic volumes. The market is expected to grow as the Japanese government invests heavily in public infrastructure, including the upcoming World Expo 2025 in Osaka, which will further drive demand for new installations. Maintenance and Repair services are essential for ensuring the operational safety and longevity of existing systems. With a high number of elevators and escalators in operation, Japan faces challenges related to equipment malfunctions. The Japan Elevator Service Holdings Co., Ltd. emphasizes the importance of regular inspections and repairs to maintain engine performance and operational safety. The alarming rate of escalator injuries—1,550 reported between 2018 and 2019—highlights the necessity for rigorous maintenance protocols to prevent accidents and ensure user safety. Modernization refers to upgrading existing equipment to incorporate new technologies, enhance performance, and extend service life. In Japan, modernization is driven by the need for energy efficiency and improved passenger safety. For instance, Mitsubishi Electric's launch of its 'u series' escalators demonstrates a commitment to innovation, offering significant energy savings and enhanced safety features. The residential sector is a significant end-user of elevators and escalators in Japan, driven by the increasing demand for high-rise apartment buildings and condominiums, especially in major cities like Tokyo and Osaka. Elevators in residential buildings are typically designed for passenger use, with features like automatic doors, energy-efficient drives, and user-friendly controls. The residential segment is expected to maintain steady growth in the coming years, supported by ongoing urban development and the need to accommodate Japan's aging population. The commercial sector, encompassing office buildings, shopping malls, hotels, and other business facilities, is the largest end-user of elevators and escalators in Japan. As the country's economy continues to grow, there is a rising demand for modern commercial spaces that incorporate advanced vertical transportation systems. Elevators in commercial buildings often feature high-speed operation, destination dispatch systems, and enhanced safety features to handle heavy traffic and meet the expectations of tenants and visitors. Escalators are widely used in shopping malls and transit hubs to facilitate smooth passenger flow and enhance accessibility. The commercial segment is projected to maintain its dominance in the Japan elevator and escalator market due to ongoing urban redevelopment projects and the construction of new office towers and retail complexes. The "others" category includes industrial facilities, infrastructure projects, and the marine industry. Industrial elevators and escalators are designed to handle heavy loads and are often used in factories, warehouses, and manufacturing plants. Infrastructure projects, such as metro stations, airports, and hospitals, also require specialized vertical transportation solutions to accommodate large crowds and specific requirements.

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Nikita Jabrela

Business Development Manager

COVID-19 impacts: The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in Japan due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of Japan prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years. Considered in this report • Geography: Japan • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Japan Elevator & Escalator Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Based on By Types: • Elevator • Escalators • Moving Walkways Based on By Services: • New installation • Maintenance and repair • Modernization Based on by End use types: • Residential • Commercial • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.