Global Elevators and Escalators Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Market Analysis
The global elevators and escalators market is predicted to witness a phenomenal growth at a notable 6.01% CAGR over the assessment period (2017-2023). Elevators and escalators have turned into a vital part of daily living. Escalators are moving stairs which carry people up or down amid levels of a building. Elevators on the other hand, are room type lifts that hold a couple of people together and transport them up and down amid levels of building. An escalator is used in metro, malls, and railway station and an elevator is used in a multi-storied building such as hospitals, banks, apartments and offices.
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There are plentiful factors that is boosting the growth of the elevators and escalators market. These factors as per the Market Research Future (MRFR) report include rising geriatric population, busy time schedules, changing demographics, rapid urbanization, increasing constructional activities, growing use in end-use sectors such as hospitals, commercial and residential, focus of government on high rise infrastructures, and growing demand of rapid transit. The additional factors that is propelling market growth include constant investment to improve infrastructure in public places such as malls, railway station and airports, tourism, augmenting after sales services, rising market competition, modernization of equipment, proactive maintenance and increasing mergers and acquisitions and partnerships. On the contrary, high initial expenditure of installation, scarcity of skilled labor for after sales maintenance and increase in consumption of power and energy by elevators and escalators are factors that may deter the growth of the elevators and escalators market over the assessment period.
Key Players
Leading players profiled in the elevators and escalators market include-
- Electra Ltd. (Israel)
- Gulf Elevator & Escalator Co. Ltd. (Saudi Arabia)
- PAPPAS Elevators (Russia)
- Stein Ltd (Russia)
- Toshiba Elevator And Building Systems Corporation (Japan)
- Hyundai Elevator Co. Ltd. (South Korea)
- Hitachi Ltd. (Japan)
- FUJITEC (Japan)
- ThyssenKrupp AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- Schindler (Switzerland)
- United Technologies (U.S.)
- Otis Elevator Company (U.S.)
- Sigma Elevator Company (Korea)
- KONE Corporation (Finland)
March 2019- KONE Elevators has introduced 24/7 Connected Services that is IoT-based for customers in New Zealand and Australia. This service will ensure greater transparency, fewer faults and less equipment downtime. For those utilizing elevators and escalators, this indicates fewer unexpected stoppages, less waiting time and better elevator ride both in their home and office.
Market Segmentation
MRFR report provides an extensive segmental analysis of the elevators and escalators market on the basis of type, services, elevator technology and end-user.
Based on type, it is segmented into moving walkways, escalators and elevators. Of these, elevators will have the largest share in the market over the assessment period.
Based on services, the elevators and escalators market is segmented into maintenance & repair and new installation. Of these, new installation services will lead the market over the assessment period.
Based on elevator technology, it is segmented into hydraulic, machine room-less and traction. Of these, machine room-less technology will dominate the market over the assessment period.
Based on end-user, the elevators and escalators market is segmented into non-residential and residential. Of these, the residential segment will hold the largest share in the market over the assessment period.
Regional Analysis
By region, the elevators and escalators market covers growth opportunities and latest trends across, Europe, Asia Pacific, Rest of the World and North America. Of these, the APAC region will have precedence in the market owing to increasing demand from construction and residential sector and growing supportive regulations by the government. China, India, Japan and Singapore are the key contributors in this region. The elevators and escalators market in Europe will have the second major share over the assessment period owing to increasing reformation and renovation of homes in this region. France, Poland, Germany and the UK are the key contributors here. The elevators and escalators market in the Middle East and South America is anticipated to contribute significantly owing to high development in construction sector coupled with changing lifestyle. The elevators and escalators market in North America will also have a notable growth over the assessment period owing to growing non-residential and residential construction activities here.
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Scope of Report
The report for Global Elevators and Escalators Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued……….
List of Tables
Table 1 Global Elevators and Escalators Market: by Region, 2017-2023
Table 2 North America Elevators and Escalators Market: by Country, 2017-2023
Table 3 Europe Elevators and Escalators Market: by Country, 2017-2023
Table 4 Asia Pacific Elevators and Escalators Market: by Country, 2017-2023
Table 5 Row Elevators and Escalators Market: by Country, 2017-2023
Table 6 Global Elevators and Escalators Market, by Type, by Regions, 2017-2023
Table 7 North America Elevators and Escalators Market, by Type, by Country, 2017-2023
Table 8 Europe Elevators and Escalators Market, by Type, by Country, 2017-2023
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued………
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