The elevator market - Italy (2024)

1.2 The global market

In ****, the world elevator market is estimated at $**.* billion. A compound annual growth rate (***) of *.**% is projected for the period ****-****, under which the world elevator market could reach a total value of more than $** billion at the end of the period. Elevator Market World, ****-****, in billions of dollars Marketresearchfuture China is by far the world's largest exporter of elevators in ****. In the year analyzed, the country exported elevators with a total value of $*.** billion. It is followed by Spain and Italy, with values of $***.* million and $***.* million. Main exporting countries of elevators and hoists World, ****, in millions of dollars Uncomtrade In terms of imports, the UK is the world's leading importer of elevators in ****. In the year analyzed, the value of the country's imports is $***.* million. It is followed by the United States and the Netherlands, with values of $***.* million and $***.* million. Main importing countries of elevators and hoists World, ****, in millions of dollars Uncomtrade The European market:

Europe has an agency to monitor the evolution of the elevator market, this isELA, European Lift Association. This agency is not specific to the European Union, so there are several countries that are part of it, in all there are ** in ...

1.3 The Italian market

to analyze the Italian elevator market, trends in the value of production sold of elevators and hoists and trends in total turnover related to enterprises under Ateco Code **.** "Manufacture of lifting and handling machinery and apparatus" are analyzed.

Regarding the first aspect, between **** and **** the value of production sold of elevators and elevators appears to be shrinking. During the period analyzed, the total value of production sold dropped from €***.* million to €***.* million, marking a decline of **.* percent. However, while between **** and **** the value grew by **.* percent, between **** and **** there is a sharp decline of **.* percent.

Value of production sold of elevators and elevators Italy, ****-****, in millions of euros Istat

In contrast to the production sold, the total industry turnover appears to be growing. Between **** and ****, the total turnover of enterprises under Ateco Code **.** grew by **.* percent, from *.* billion euros to **.* billion euros. With the exception of **** (***), growth appears to be steady throughout the entire period. Total turnover of active enterprises under Ateco Code **.** "Manufacture of lifting and handling machinery and equipment" Italy, ****-****, in Istat

1.4 The trade balance of the elevator market

HS Code ****** "Elevators and hoists" is considered for the analysis of outbound and inbound trade flows related to elevators. Italy's trade position falls into the category of net exporter: between **** and ****, the export coverage ratio, determined by the ratio of exports to imports molit multiplied by ***, fluctuated between ***% and ****.*%. Specifically, during the period analyzed, the value of exports dropped from $***.* million to $***.* million, showing a decline of **.*%. In contrast, the value of imports grew by **%, from $**.* million to $**.* million.

Import - Export elevators and elevators Italy, ****-****, in million dollars and % Uncomtrade

As for Italy's main trading partners, Germany collects **.* percent of total Italian exports in ****. This is followed by France and the United Kingdom, with shares of **.* percent and *.* percent, respectively. Poland, Switzerland and Austria contribute *.* percent, *.* percent and *.* percent of Italy's exports, and together with the countries mentioned above, they account for ** percent of total exports. Main export destination countries for elevators and hoists Italy, ****, % Uncomtrade In terms of imports, the Netherlands is by far Italy's main partner. In ****, the Netherlands collected **.*% of Italy's total imports. This is followed by Spain and Germany with **.* percent and *.* percent. Finally, France collects *.*% while all other countries together collect **.*% of total Italian ...

1.5 The consequences of the Russian-Ukrainian conflict

The outbreak of the Russian-Ukrainian conflict in February **** led to, among other things, a general increase in price indexes. The sector related to the manufacture of lifting and handling machinery and equipment is not exempt from this increase. Between January **** and December ****, the producer price index rose from ***.* points to ***.* points, representing a **.* percent increase in production costs. Compared with ****, the producer price index shows a **.*% increase in costs.

Producer price index for the manufacture of lifting and handling machinery and equipment Italy, ****-****, base ****=*** Istat

2.1 Demand in Italy

In order to analyze the demand for elevators in Italy, trends in the number of installed systems and trends in the number of new residential and nonresidential buildings are analyzed.

Regarding the first point, in **** Italy is the second largest European country in terms of the number of elevators installed, amounting to *,***,***. Between **** and ****, the total number of elevators installed increased from ***,*** to *,***,***, marking a growth of *.* percent. The growth appears to be constant throughout the entire period, and the individual annual changes show consistent values.

Number of elevators installed Italy, ****-****, in thousands ELA

Analysis of the trend in the number of new residential and nonresidential buildings allows us to highlight the two main segments of elevator demand. In ****, there are **,*** new residential buildings, up *.* percent from ****. In ****, with the outbreak of the pandemic, the sector shows clear signs of slowing down (***); however, in subsequent years the recovery seems complete: +**.*% between **** and ****. New residential buildings Italy, ****-****, in thousands *data available through September Istat In contrast, the segment related to the construction of non-residential buildings shows a gradual contraction. In particular, analyzing the segment related to buildings for the trade, restaurant and accommodation services sectors, between **** and **** the number of ...

2.2 Demand drivers

For the analysis of demand drivers, the age of elevators in operation in Italy in **** and the evolution of the over-** population, the main segment of elevator demand in the residential real estate sector, are analyzed.

Regarding the first aspect, the average age of elevators in **** is shown to be very high: **% of elevators in operation were installed more than ** years ago, while even more than * in * (***) have been in operation for more than ** years. Only * in * elevators is ** years old.

Elevators in operation, breakdown by years of operation Italy, ****, % AssoAscensori-ANIE

Then analyzing the demographic projections for the over-** population in Italy, it is possible to assume an increasing demand for installations. Between **** and ****, the over-** population is expected to grow by **.* percent, from **.** million people to **.** million people. Moreover, when considering that in **** only *.* percent of residential buildings have a lift system installed, a sustained increase in demand in Italy can be expected.(***) Population over ** Italy, ****-****, in millions Istat

2.3 Geographical distribution of demand

In order to visualize the geographical distribution of demand, two maps were created with the geographical distribution of new residential and nonresidential buildings built in Italy in ****.

As for residential properties, **.* percent of the **,*** new buildings are concentrated in the Northwest of the peninsula; in the Northeast the share is **.* percent. The two macroregions together collect nearly ** percent of new residential buildings. They are followed by the South with **.* percent and the Center with **.* percent of the total. Finally, the Islands collected *.* percent of the total new residential buildings in ****.

Even in the case of new non-residential buildings for trade, restaurant and accommodation services activities, the North of the country collects almost half of the total. In **** in the Northeast, **.* percent of total new real estate was built; in the Northwest the share stands at **.* percent. This is followed again by the South and the Center, with shares of **.*% and **.*%, respectively. Finally, in the Islands **.* percent of the total new nonresidential buildings for the above sectors were built.

2.4 New demand trends: energy conservation

Energy-efficient elevators are a growing trend in the elevator industry in response to increased consumer awareness of energy efficiency and environmental impact. These modern elevators feature innovative technologies that significantly reduce energy consumption compared to traditional models. One of the recent developments in this area is the introduction of next-generation control valves that use inverters only for upward travel, thus providing a more energy-efficient and cost-effective solution. These systems can provide energy savings of up to ** percent, significantly reducing temperature rise and allowing the system to operate effectively even with high elevator utilization.

In terms of environmental impact, hydraulic elevators made of composite material using these innovative solutions can reduce energy consumption by **-**% compared to traditional designs. These improvements, combined with others such as the use of fuel-efficient materials and the reduction of mechanical parts and lubricants, help improve elevator performance both in terms of consumption and by reducing noise levels, component wear and tear, and lowering maintenance costs.

Between **** and ****, the global market for energy-efficient elevators is expected to grow: a compound annual growth rate (***)

3.1 The market structure

For the analysis of the structure of the elevator market in Italy, enterprises under Ateco Code **.**.* "Manufacture of lifting and handling machinery and equipment" are considered. In particular, the number of active enterprises, the number of employees in active enterprises and the legal form of different activities are analyzed.

Number of enterprises

Between **** and ****, there is evidence of a gradual decline in the number of active enterprises in the industry. During the period analyzed, the total number of active enterprises fell from **** to ****, representing a decline of **.* percent. The decline is especially concentrated between **** and **** (***): -**.*% in one year.

Active enterprises under Ateco Code **.**.* "Manufacture of lifting and handling machinery and equipment" Italy, ****-****, in number Istat

Employees Unlike the number of enterprises, the number of employees in the industry appears to be increasing. Between **** and ****, the total number of employees grew by *.* percent, from **,*** to **,***. With the exception of **** (***), growth appears to be steady throughout the entire period, and the outbreak of the pandemic in **** does not appear to have a major impact on the industry. Employment in enterprises active under Ateco Code **.**.* "Manufacture of lifting and handling machinery and equipment" Italy, ****-****, in thousands Istat Legal form In ****, limited ...

3.2 The value chain

The value chain in the elevator market can be detailed as follows

Research and development (***): innovations for safety, energy efficiency, and design. Design and engineering: creating technical drawings and specifications for each project. Material procurement: purchasing components such as motors, cables, and control panels. Manufacturing and assembly: construction of elevators, with attention to quality and regulatory compliance. Marketing and sales: strategies to reach potential customers, including advertising and promotion. Installation: implementation of elevators in buildings, requiring precision and technical expertise. Service and maintenance: after-sales services to ensure the safety and efficiency of elevators over time.

3.3 The main manufacturers

A list of the main players active in the production of elevators and freight elevators in Italy is offered below:

Kone s.p.a: founded in ****, is a leading global company in the field of elevators, escalators and automatic doors. Its mission is to improve urban flow through innovative and sustainable solutions that increase mobility and comfort in cities. Kone is renowned for its cutting-edge technology and focus on safety, energy efficiency and design in its solutions. The company offers a wide range of products, including elevators for all types of buildings, from private residences to commercial high-rise buildings, escalators and treadmills for shopping malls, airports and public transportation stations. In addition, Kone is committed to continuous innovation, with a strong investment in research and development to offer increasingly intelligent and connected solutions, such as access control and in-building navigation systems.

Schindler s.p.a: part of the Schindler Group founded in **** in Switzerland, is a leading manufacturer of vertical transportation systems, such as elevators, escalators and stair elevators. Specializing in providing innovative solutions for transporting people and goods inside buildings, Schindler is recognized for its advanced technology and high-quality design. The company is committed to safety, reliability, efficiency and comfort ...

3.4 Installation, repair and maintenance

The following is a proposed list of major players active in the installation, repair and maintenance of elevators and escalators:

Otis Servizi s.r.l: part of the U.S. giant OTIS and founded in ****, specializes in services related to elevator systems, including installation, maintenance and repair of elevators and escalators. The company provides comprehensive services related to elevator systems, ensuring safety, efficiency and reliability. It operates in various sectors, including residential, commercial and industrial, providing solutions tailored to each customer's specific needs. The company shows an unwavering commitment to quality and reliability, with a strong customer orientation.

TK Elevator Italia s.p.a: part of the TK Elevator International Holding B.V. group, was founded in **** and is active in the installation, repair and maintenance of elevators and escalators in Italy. Specializing in the production and maintenance of elevators, escalators and moving walks, TK Elevator stands out for its innovative and technologically advanced solutions. The company is committed to creating products that combine efficiency, safety, comfort and design, meeting mobility needs in urban and commercial environments. Their range of products and services extends to customized solutions for buildings of all types, from residential to high-rise commercial.

Elelift s.r.l: ...

4.1 Type of the offer

In today's market, there is a wide range of elevators, each designed to meet specific needs. These types vary in technology, capacity, speed, and application. Knowing the different types of elevators, such as traction, hydraulic, pneumatic, and many others, is crucial to choosing the most suitable solution depending on the building and its specifics. A first distinction concerns external elevators and internal elevators:

Exterior elevators:

Generally, an external elevator is placed next to the building or through a free-standing installation, which involves framing with a subsequent landing walkway, allowing internal access to the different floors of the structure. External panoramic elevators have the ability to offer a significant visual impact, plus they are able to adapt excellently to all types of buildings and structures. Applying crystal walls, mean to give an elegant and harmonious effect to the elevator, through plays of transparency and light. This type of elevator is particularly useful for structures that contain small flights of stairs or steps, so that the elevator can overcome all architectural barriers, making life easier for those with mobility problems.

Indoor elevators:

Indoor elevators are installed in structures that provide housing on several floors; they are called mini-elevators and differ in type according ...

4.2 The prices

The average price for some elevator types (***) is proposed below:

Indoor elevators

(***)

Outdoor elevators

(***)

4.3 New supply trends: Internet of Things

IoT (***)

In ****, the global IoT market for elevators reached a total value of $**.** billion. Sustained growth in the industry is expected in the near future through a compound annual growth rate (***) of **.**%. By ****, the global IoT market for elevators could reach a value of more than $** billion.

IoT market for elevators World, ****-****, in billions of dollars GlobeNewsWire

5.1 The legislation

The manufacture, installation and maintenance of elevators and elevators are subject to both European and national regulations. The legislative framework that is outlined is aimed at ensuring the safety and proper operation of the systems. Some of the main legislative aspects are:

Directive ****/**/EU: for the harmonization of the laws of the Member States relating to elevators and safety components for elevators. Presidential Decree No. ** of January **, ****: concerning amendments to Presidential Decree No. *** of April **, ****, for the implementation of Directive ****/**/EU on elevators and safety components for elevators as well as for the operation of elevators. Standard EN **-**: sets safety requirements for the construction and installation of elevators. Standard EN **-**: defines the requirements for calculations, verifications and tests of components. Standard EN **-**: defines special applications related to accessibility for passenger and freight elevators, making special reference to disabled persons. Ministerial Decree No. *** of June **, ****: outlines the technical prescriptions necessary to ensure accessibility, adaptability and visitability of private buildings and subsidized and assisted public housing, for the purpose of overcoming and eliminating architectural barriers. Regulations for the Implementation of Law No. ** of January *, ****: defines the provisions to promote the overcoming and elimination of architectural barriers in private buildings. It ...

5.2 The architectural barriers bonus

The Budget Law **** of December ****, introduced important changes regarding tax breaks for the removal of architectural barriers. TheLift Bonus ****, is valid in **** and has been extended until ****, allowing a **% deduction on expenses for the installation of systems aimed at eliminating obstacles to mobility, as specified below, facilitating access to people with mobility disabilities in existing buildings with predominantly residential use . dL ***/**** amends Article ***-ter of the Relaunch Decree(***), that is, the provision that established the architectural barriers bonus. As of Dec. **, ****, when the decree comes into force, only interventions aimed at eliminating architectural barriers involving stairs, ramps, elevators, stair elevators and elevating platforms can be subsidized with the ** percent deduction. Deductible expenses for the elimination of architectural barriers must be incurred in the period between Jan. *, **** and Dec. **, ****. The expenditure ceiling varies depending on the type of applicant:

€**,*** for detached single-family dwellings €**,*** for buildings with * to * housing units €**,*** for buildings with more than * housing units

Reimbursement is in * equal annual installments via tax deduction in the tax return.The elevator bonus is provided with the application of the discount on the invoiceuntil December **, ****,subject toaassignment of credit, as per Decree No. **/****.

6.1 Segmentation

• Kone s.p.a
• Schindler s.p.a
• Otis Servizi s.r.l
• TK Elevator Italia s.p.a
• Montanari Giulio & C. s.r.l
• E.P Elevatori Premontati s.r.l
• Del Bo s.p.a
• C.M.A Costruzioni Montacarichi ed Ascensori s.r.l