Escalators Market Trends and Future Growth Projections by 2022 | Top Players | Cisco, Fujitec Elevator, Hitachi, Hyundai Elevator

Escalators Market-Global Opportunity Analysis and Industry Forecasts, 2014-2022, projects the escalators market size to reach $5,146 million by 2022, growing at a CAGR of 5.3% from 2016 to 2022. Parallel escalators segment generated the largest market share in 2015 while the others segment is expected to register highest growth rate during the forecast period. Asia-Pacific is expected to be the largest market during the forecast period.

Development in real estate sector, rise in need for efficient and rapid transit system, and rapid urbanization are expected to drive the growth of global escalator market. In addition, emergence of green escalators, and technological advancements have increased significantly and are expected to provide lucrative opportunity for market growth. However, lack of skilled workforce, safety issues due to poorly maintained equipment, and stringent government regulations limit the growth of this market.

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Increase in the number of people migrating from rural to urban areas has fueled the demand for multi-storied buildings and escalators in the public transportation sector. Furthermore, growth in disposable income, and aging population in the urban areas has driven the markets in China and India.

Escalators are prone to safety issues as compared to elevators. In addition, poorly maintained escalators add up to these issues. There have been several cases and accidents over the past few years. This has given rise to fear among people, which has restrained the market growth.
The commercial sector dominated the global market in 2015 due to high durability and ability to handle high passenger inflow. Furthermore, other industry segment is anticipated to grow at a CAGR of 6.2% during the forecast period due to ease in commuting over short distances and use of advanced safety features.

In 2015, parallel escalators accounted for the maximum revenue shares in the overall escalators market due to their affordability, and easy availability. In addition, other escalators such as crisscross and spiral escalators is expected to witness the fastest growth at CAGR of 5.8% during the forecast period.

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The Asia-Pacific market is most productive as compared to others with diverse industry verticals implementing escalators at a greater extent. Furthermore, it is projected to generate the highest market revenue over the forecast period with predominant deployments in the commercial sector.

Key offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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