KONE - INVESTORS HOME INVESTORS KONE AS AN INVESTMENT MARKETS ELEVATOR AND ESCALATOR MARKETS China is the world's largest new equipment market followed by India. The largest installed base is located in China and EMEA area. Elevator and escalator market size in 2020 In 2020, the global new equipment market grew slightly (2019: grew slightly). The global service market continued to grow. The figures below are based on KONE estimates. KONE estimates the market size annually in the first quarter of the year. Markets characteristics by region KONE operates in over 60 countries in Europe, Middle East and Africa (EMEA), Americas and Asia-Pacific. KONE doesn’t have own operations e.g. in Japan or South Korea. EMEA NORTH AMERICA ASIA-PACIFIC Market characteristics A mix of more mature markets and developing regions; Europe the largest market in the area Residential is the largest market segment The aging elevator base in Europe provides structural growth potential in modernization A key service market aside Europe Non-residential segments comprise the majority of market volumes The aging installed base provides structural growth potential in modernization Majority of new equipment volumes A mix of developing and more mature markets China is the largest new equipment market globally and India the second largest Residential is the largest segment Strongly growing service opportunity Competitive landscape Less fragmented than China, more fragmented than the Americas Less fragmented than the other regions Most fragmented region KONE's market position* New equipment #2 #4 #1 in China, #2 in the rest of Asia-Pacific Maintenance #3 #4 #1 in China, shared #2 in the rest of Asia-Pacific *In 2020 See current market outlooks Market dynamics in KONE’s business areas Urbanization is the key growth driver of the new equipment market. The growing and aging installed base creates a need for maintenance and modernization. In addition to the core growth drivers, changing customer needs as well as new technologies offer new opportunities to create value for customers. We use cookies to optimize site functionality and to give you the best possible experience while browsing our site. If you are fine with this and accept all cookies, just click the 'Accept' button. You can also review our privacy statement. Manage cookie preferences Accept only mandatory Accept all COMPANY Vision and strategy Culture Organization and management History Innovations PRODUCTS & SERVICES Elevators, escalators and automatic doors Maintenance and modernization Advanced people flow solutions People Flow Planning and Consulting For special buildings and large projects Solutions for greener buildings Cybersecurity in our digital solutions CAREERS Open positions Professionals and technical experts Students and graduates We offer Recruitment process FAQ INVESTORS KONE as an investment Financials and outlook Reports and presentations KONE Share Shareholders Capital Markets Days Annual general meetings Governance Investor service SUSTAINABILITY Environment Diversity and inclusion Ethics and compliance Safety and quality Our Sustainability Report Sustainability recognition REFERENCES NEWS & INSIGHTS Releases Stories Podcasts Publications QUICK LINKS Contact us Working at KONE For Suppliers For Distributors For Developers Follow us on social media Legal notice Data File Description Privacy Statement Enviromental Notice Manage cookie preference KONE Corporation Finland, KONE Oyj, Keilasatama 3, P.O. Box 7, Espoo, 02150, Finland (苏ICP备17069255号-2 | 沪公网安备 31010502002858号)