logo
logo
Sign in

Escalator and Elevator Market Size, Industry Share and Growth Rate 2019-2026

avatar
Samarth J

Rapid urbanization around the world is creating lucrative growth opportunities for the global elevators and escalators market finds Fortune Business Insights in their recent study. The study is titled ”Elevators and Escalators Market: Global Market Analysis Insights and Forecasts 2018 – 2025.” A major factor boosting this market is the advancement in the construction industry and changing demographic trends.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/elevator-and-escalator-market-100301

Fortune Business Insights predicts the global construction industry to grow by 85% to reach a valuation of US$ 15.5 Tn by the end of 2030 out of which 57% of market value is shared by three countries namely India the U.S. and China. Thus boost in the construction industry is likely to bode well for the global Escalator and Elevator Market in the future. Among end-users, the commercial elevators segment is expected to dominate the global market.

 

Top Players

  • KONE Corporation
  • Toshiba
  • Schindler Holding Ltd.
  • Hitachi
  • Hyundai Elevator Company
  • Fujitec Egypt Co. Ltd.,
  • Mitsubishi Electric Automation, Inc.
  • Otis Elevator Co.

Rising Investment towards Improving Infrastructure among Various End-Use Industries to Boost Market

Major factors encouraging the use of elevators and escalators are the rising number of differently-abled people and the geriatric population accompanied by the need to provide them ease of mobility in public areas. Governments are taking a keen interest in ensuring ease of locomotion and mobility to people and therefore investing in modern construction designs in malls and other public places. Demand for better accessibility and improved mobility is aiding the expansion of this market. With busy and tight work schedules the necessity for elevators and escalators is increasing by the day.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/elevator-and-escalator-market-100301

Regional Analysis:

  • North America
  • Europe 
  • Asia Pacific
  • Latin America
  • Middle East & Africa 

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.

The report also offers insights on the key players operating in the global Escalator and Elevator Market.

 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123ac

APAC : +91 744 740 1245

Email: [email protected] 

collect
0
avatar
Samarth J
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more