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Market Research Report

Germany Smart Elevators Market 2019-2025

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Germany Smart Elevators Market 2019-2025
Published: March 29, 2020 Content info:
Description

Germany Smart Elevators Market Size, Share & Trends Analysis Report by Type (Passenger and Freight) and by Application (Residential, Commercial, Industrial, and Others) and Forecast, 2019-2025

Germany smart elevators market is estimated to grow considerably, at a CAGR of 14.2% during the forecast period. Germany is estimated to contribute significantly in the European market over the forecast period owing to significant growth in the building & construction industry across the country. The urbanization rate in the country is showing a flat growth in some years. In Germany, the housing market is facing strong demand fueled by rising incomes, low-interest rates as well as high levels of net migration. It is estimated that 3.6 million migrants will have arrived in Germany by 2020. There is housing demand for at least 350,000 new dwellings per year. Low-interest rates coupled with rising disposable incomes have contributed to increased property prices, in particular in big cities, making it more difficult for middle-class households to afford to house. To overcome some of the pressure in the housing market, the Government of Germany had introduced the Housing Construction Campaign, namely a comprehensive package of measures aimed at tackling housing shortages and rising house prices.

ThyssenKrupp Elevator is one of the major German companies operating globally in the smart elevator market. In May 2019, the company acquired the Elevator division of Nashville Machine Co. to expand its product portfolio in North America. Earlier to this, Nashville Machine Co. was the distributor of the company in the Middle Tennessee area and was working with a strength of 130 employees. In July 2017 the company also introduced a ropeless lift and sideways-moving elevator system as 'MULTI'. In Rottweil, the company has a test tower for elevators, where 'MULTI' was first operated.

The companies which are contributing to the growth of the Germany smart elevators market include ThyssenKrupp Elevator AG, Schindler Holding AG, KONE Corp., Hyundai Elevator Co. Ltd., and OTIS Elevator Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, ThyssenKrupp AG announced to provide over 200 elevators and escalators to the new central China metro line, which will be put into operation in 2021. This will substantially enhance the company's reach across the globe.

Research Methodology

The market study of the Germany smart elevators market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Germany Smart Elevators Market Research and Analysis by Type

2. Germany Smart Elevators Market Research and Analysis by Application

The Report Covers:

  • Comprehensive research methodology of the Germany smart elevators market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Germany smart elevators market.
  • Insights about market determinants which are stimulating the Germany smart elevators market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Table of Contents
Product Code: OMR2021262

Table of Contents

1. Report Summary

  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion
  • 2.3. Rules & Regulations

3. Competitive Landscape

  • 3.1. Company Share Analysis
  • 3.2. Key Strategy Analysis
  • 3.3. Key Company Analysis
    • 3.3.1. Overview
    • 3.3.2. Financial Analysis
    • 3.3.3. SWOT Analysis
    • 3.3.4. Recent Developments

4. Market Determinants

  • 4.1. Motivators
  • 4.2. Restraints
  • 4.3. Opportunities

5. Market Segmentation

  • 5.1. Germany Smart Elevators Market by Type
    • 5.1.1. Passenger
    • 5.1.2. Freight
  • 5.2. Germany Smart Elevators Market by Application
    • 5.2.1. Residential
    • 5.2.2. Commercial
    • 5.2.3. Industrial
    • 5.2.4. Others

6. Company Profiles

  • 6.1. Bosch Security Solutions GmbH
  • 6.2. Fujitec Co., Ltd.
  • 6.3. Hitachi Ltd.
  • 6.4. Honeywell International Inc.
  • 6.5. Hyundai Elevator Co. Ltd.
  • 6.6. Johnson Controls Inc.
  • 6.7. Kleemann Hellas SA
  • 6.8. KONE Corp.
  • 6.9. Mitsubishi Electric Corp.
  • 6.10. OTIS Elevator Corp. (A United Technologies Co.)
  • 6.11. Schindler Holding AG
  • 6.12. ThyssenKrupp Elevator AG
  • 6.13. Toshiba Elevators and Building Systems Corp.

List of Tables

  • 1. GERMANY SMART ELEVATORS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
  • 2. GERMANY SMART ELEVATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

List of Figures

  • 1. GERMANY SMART ELEVATORS MARKET SHARE BY TYPE, 2018 VS 2025 (%)
  • 2. GERMANY SMART ELEVATORS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
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