Global Elevators and Escalators Market, By Type (Elevator, Escalators, Moving Walkways), By Elevator

Published Date: | Report Code : EQ1917248

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Rapid urbanization, changing lifestyles, and increasing infrastructure, is expected to drive the growth of elevators and escalators market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Elevators and escalators are machines that take the user from one floor of a building to another floor faster that stairs. They are commonly used in buildings, flats, shopping malls, etc. They are also being installed in flats and buildings due to the aging population and convenience. They come in different technologies such as machine room-less, traction, and hydraulic.

Due to rapid urbanization, changing lifestyles, and increasing infrastructure, the elevators, and escalators market is growing rapidly. Moreover, the rise in the number of shopping complexes and malls, as well as increasing government regulations and real-estate acts, have contributed significantly to the growth of the elevators and escalators market. The elevators and escalators market in the Asia Pacific and Europe is expected to grow during the forecast period due to rapid urbanization and increased use of elevators and escalators.

Key Factors Impacting Market Growth:

  • Increasing vertical expansions limits in residential and commercial construction structures
  • The growing importance of the after-service market for elevators and escalators

Regional Outlook: 

Major regions for elevators & escalators market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for elevators and escalators market owing to the strong presence of the industrial sector. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for elevators and escalators market in the North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others. The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of elevators and escalators market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for elevators and escalators market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: KONE Corporation, Otis Elevator Company, Mitsubishi Electric Corporation, Hyundai Elevator Co., FUJITEC, PAPPAS Elevators, and Toshiba Elevator and Building Systems Corporation…

 Market Segmentation:

By Type:

  • Elevators
  • Escalators
  • Moving Walkways

By Elevator & Escalator Technology:

  • Machine Room-Less
  • Traction
  • Hydraulic

By Service:

  • Maintenance
  • Repair
  • Modernization
  • New Installment

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Elevator & Escalator Technology
    • By Service
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Elevator & Escalator Technology
    • By Service
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Elevator & Escalator Technology
    • By Service
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Elevator & Escalator Technology
    • By Service
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Elevator & Escalator Technology
    • By Service
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Elevator & Escalator Technology
    • By Service

Reasons To Buy This Report:

  • Market size estimation of the elevators and escalators market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

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