Market Research Report
Global Elevator & Escalator Market, By Type (Elevator, Escalator and Moving Walk Ways), By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2014 - 2024
|Published by||TechSci Research||Product code||771619|
|Published||Content info||414 Pages
Delivery time: Inquiry
|Global Elevator & Escalator Market, By Type (Elevator, Escalator and Moving Walk Ways), By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2014 - 2024|
|Published: December 1, 2019||Content info: 414 Pages||
Global elevator & escalator market is projected to grow from $ 81 billion in 2018 to around $ 101 billion by 2024, owing to rising urbanization, growing construction and infrastructure sectors and increasing spending on maintenance and modernization of existing equipment base across the globe.
Some of the other factors that are expected to positively influence the market in the coming years include improving after sales services, energy efficient designs, proactive maintenance & modernization of equipment, and rising market competition coupled with growing partnerships and mergers & acquisitions. Asia-Pacific is the major demand generating region for elevators & escalators, globally, followed by Europe and North America.
Years Considered for this Report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
Some of the major players operating in global elevator & escalator market are United Technologies Corporation, Schindler Holding Ltd., KONE Corporation, thyssenkrupp AG, Mitsubishi Electric Corporation, Canny Elevator Co., Ltd, Hitachi Group, Fujitec Company Limited, Hyundai Elevators, and Toshiba Elevators.
To analyze and forecast global elevator & escalator market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in global elevator & escalator market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for elevators & escalators, globally. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned in the country were identified.
Various secondary sources such as white papers and secondary literature on elevators & escalators, National Bureau of Statistics of China, Central Statistics Office India, Canada Statistics, MEED, General Authority for Statistics of Saudi Arabia, European Lift Association, annual reports, investor presentation, International Monetary Fund and World Bank were also studied by TechSci Research.
Key Target Audience:
The study is essential in delivering useful information to industry stakeholders such as manufacturing companies, assembling companies, distributors and end users related to elevator & escalator market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.
In this report, global elevator & escalator market has been segmented into the following categories in addition to the industry trends which have also been listed below:
Moving Walk Ways
Maintenance & Repair
Traction & Machine Room-Less Traction
Middle East & Africa
Competitive Benchmarking: Benchmarking of leading 10 players on the basis of type.
Company Profiles: Detailed analysis of the major companies present in global elevator & escalator market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: