Press release
The Global Elevator and Escalator Market will Grow Impressively at a CAGR of Almost 11.07% by 2020
ALBANY, NY, May 22, 2017 : Elevators and escalators are installed in commercial, residential, and mixed-used buildings; IT parks; hotels and restaurants; and retail outlets. The global elevator and escalator market is likely to be driven by the growth of the global construction market. The global construction market is experiencing significant growth, especially in the emerging economies such as BRIC nations. A large number of new public infrastructure projects are currently underway across the globe, which is expected to drive the growth of the global elevator and escalator market.Technavios analysts forecast the global elevator and escalator market to grow at a CAGR of 11.07% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global elevator and escalator market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors.
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The market is divided into the following segments based on geography:
China
EMEA
North America
Rest of APAC
South America
Technavio's report, Global Elevator and Escalator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Otis Elevator
KONE
Schindler
ThyssenKrupp
Other prominent vendors
Fujitec
Hyundai Elevator
Mitsubishi Electric
Toshiba Elevator
Market driver
Vertical growth in global construction industry.
For a full, detailed list, view our report
Market challenge
High manufacturing and installation costs.
For a full, detailed list, view our report
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Market trend
Adoption of energy-efficient elevators and escalators.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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