Italy elevator and Escalator Market Overview, 2029

Urban areas in Italy are expanding significantly, which is increasing the need for escalators and lifts in both residential and commercial structures. Infrastructure developments like as high-rise buildings, shopping malls, and transportation hubs all contribute to the market's expansion. Italy has a significant number of aging buildings, requiring the modernization and upgrading of elevator and escalator systems. Retrofitting projects focus on improving safety features, energy efficiency, and performance while complying with current standards and regulations. The focus on energy efficiency and sustainability in the elevator and escalator market is increasing in Italy. Manufacturers are developing eco-friendly solutions that reduce energy consumption, incorporate regenerative drives, and utilize advanced control systems. The market is witnessing technological advancements, such as smart elevators and connected escalators. These systems offer features like destination control, remote monitoring, predictive maintenance, and integration with building management systems. Italy has strict safety regulations and standards for elevators and escalators. Compliance with these regulations is crucial for manufacturers and service providers operating in the market. Italy has a significant presence of domestic elevator and escalator manufacturers. These companies contribute to the country's economy and support the local industry, providing employment opportunities and driving innovation.

According to the research report "Italy Elevators and Escalators Market Overview, 2029," published by Bonafide Research, the Italy elevators and escalators market is anticipated to grow at more than 5.65% CAGR from 2024 to 2029. Elevators and escalators in Italy are often seamlessly integrated into the architectural design of buildings. The market emphasizes the visual appeal and aesthetic integration of vertical transportation systems. Italy is home to numerous historic buildings and landmarks that require vertical transportation solutions. Elevators and escalators are installed in these heritage structures to provide convenient access to visitors while preserving the historical integrity of the buildings. The Italian market places significant importance on energy efficiency in elevator and escalator systems. Manufacturers strive to develop energy-saving technologies and components to reduce environmental impact and operating costs. The market in Italy embraces technological advancements in elevators and escalators. Manufacturers introduce smart systems, destination control, touchless controls, and advanced safety features to enhance efficiency, user experience, and maintenance processes. Italy has a significant number of aging buildings that require modernization and upgrading of elevator and escalator systems. Retrofitting projects focus on improving safety, energy efficiency, and performance while adhering to current regulations and standards. The Italian market prioritizes safety in elevator and escalator installations. Strict safety regulations and standards are in place to ensure user well-being, and compliance with these regulations is crucial for manufacturers and service providers.

The elevator and escalator market in Italy is experiencing significant growth, driven by urban expansion and infrastructure developments. The increasing number of high-rise buildings, shopping malls, and transportation hubs necessitates the installation of efficient vertical transportation systems. This trend is further propelled by the need to modernize aging structures, which often require retrofitting to enhance safety, energy efficiency, and compliance with current regulations. Elevators can be categorized into various types including passenger, freight, hydraulic, and machine room-less (MRL) elevators. Passenger elevators are designed for transporting individuals, while freight elevators are utilized for goods. The market is also seeing a rise in the popularity of MRL elevators, which save space and energy. Double-deck elevators, which serve two floors simultaneously, are gaining traction in high-rise buildings for their efficiency in handling large volumes of traffic. Escalators are primarily used in public transit and commercial settings. They come in various configurations such as parallel, multi-parallel, and crisscross designs. The integration of moving walkways is also notable, particularly in airports and large shopping centers, enhancing the flow of pedestrian traffic. The Italian market is witnessing a shift towards energy-efficient and sustainable solutions. Manufacturers are increasingly focusing on eco-friendly technologies, such as regenerative drives and advanced control systems that minimize energy consumption. The introduction of smart elevators and escalators, equipped with features like destination control and predictive maintenance, is enhancing user experience and operational efficiency.

New Installations are driven by Italy's urban expansion, with high-rise buildings, shopping centers, and public transport hubs increasingly requiring efficient vertical mobility solutions. Despite a substantial installed base of nearly one million elevators, many multi-story residential buildings lack these systems, presenting opportunities for growth in new installations. The government is also investing in public housing renovations, which includes installing new elevators to improve accessibility and comfort for residents. Maintenance and Repair services are vital for ensuring the safety and functionality of existing elevators and escalators. In Italy, companies provide comprehensive maintenance contracts that encompass regular inspections, emergency services, and repairs. This proactive approach is essential, as neglecting maintenance can lead to safety hazards and costly breakdowns. Given that over 70% of elevators in Italy are over two decades old, routine maintenance is critical to prolonging their lifespan and ensuring compliance with stringent safety regulations. Modernization involves upgrading older systems to enhance safety, efficiency, and compliance with current standards. This service is particularly relevant in Italy, where many aging buildings require retrofitting to meet modern safety and energy efficiency requirements. Modernization projects often include the installation of smart technologies, such as IoT-enabled systems for predictive maintenance, which improve operational efficiency and user experience. The focus on sustainability is also influencing modernization efforts, as manufacturers aim to develop energy-efficient solutions that align with environmental goals.

Residential demand is primarily driven by urbanization and the increasing number of multi-story apartment buildings. Many Italian cities are experiencing a surge in population, leading to a need for efficient vertical transport solutions that enhance accessibility, especially for the elderly and disabled. New installations of elevators in residential buildings are often accompanied by modernization projects to upgrade existing systems, ensuring compliance with safety regulations and improving energy efficiency. The integration of smart technologies is also becoming prevalent, allowing for features such as remote monitoring and energy management, which appeal to environmentally conscious homeowners. Commercial applications encompass a wide array of settings, including shopping malls, office buildings, and hotels. The demand in this sector is fueled by the growing trend of high-rise constructions and the need for efficient movement of people and goods. Commercial spaces often require escalators and moving walkways to facilitate the flow of foot traffic, especially in busy environments. The emphasis on aesthetics and seamless integration into architectural designs is significant in Italy, where historical and modern structures coexist. Additionally, advancements in technology, such as touchless controls and energy-efficient systems, are increasingly sought after to enhance user experience and operational efficiency. Industrial and Infrastructure sectors, including marine industries, also contribute to the elevator and escalator market in Italy. As Italy continues to invest in infrastructure projects, including public transport systems and logistics hubs, the need for reliable vertical transportation solutions in these areas is expected to grow.



COVID-19 impacts:
The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in Italy 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 Italy 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: Italy
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Italy 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

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.