According to the global Elevator And Escalator Market report published by Value Market Research, the market is expected to touch USD 167.2 BN by 2025, with a CAGR of 7.8% growing from USD 99.1 BN (by revenue) in 2018. This is a tailored made research service providing informative data and various critical aspects of the market such as market outlook, market share, growth, and trends. Further, the report also offers evidence-based information that helps to transform clients business and achieve their business goals. Moreover, the report also highlights the key strategy of top players. Additionally, this report covers a wide spectrum of services such as the latest technology trend, market opportunity analysis, and competitive landscape.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the elevator and escalator market include Fujitec, Hitachi, Hyundai, Kone Elevator, Mitsubishi, Otis, ThyssenKrupp and Toshiba. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
Rising construction of airports, subways, commercial complexes, shopping malls are majorly driving the elevator and escalator market growth. Rising installation of elevators and escalator in high-rise building and skyscrapers is further boosting the market growth. Rapid urbanization, along with the increasing count of retail and metro station is again pushing the market growth uphill. However, high installation cost may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of elevator and escalator.
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Market Segmentation
The broad elevator and escalator market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
Traction Elevator
Hydraulic Elevator
Climbing Elevator
Pneumatic Elevator
Escalator
By Application
Residential Building
Commercial Building
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for elevator and escalator in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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