Global Escalators Market: Mainly Propelled by increasing development in real estate sector
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Rapid urbanization fuels, the global escalators market
Necessity for rapid & efficient transit systems, and changing demographic trends are the major factors boosting the global escalators market growth. In addition, increasing demand from various industry verticals such as residential, commercial, and public transit, among others are also the global escalators market trends. Though, high maintenance costs and safety issues may hamper the growth of the market. Furthermore, growth in construction industry, development of innovative technologies, and upcoming metro projects in the emerging countries would provide new business opportunities for the market in near future.
The major segments in the global escalators market are type, industry vertical, and geography. Type segment comprises parallel, multi-parallel, walkway, and other types (spiral and crisscross). By industry vertical, the market is bifurcated into commercial, public transit, and other industry verticals (Institutional sector and residential).
On the basis of geography, global escalators market is categorized into North America, Europe, Asia- Pacific, and Rest of the World (RoW). North America is further segmented into U.S., Canada, and Mexico whereas Europe segment includes of UK, Germany, France, Italy, and others. Asia-Pacific is bifurcated into India, China, Japan, South Korea, and others while RoW segment consist South America, Middle East, and Africa.
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Parallel, by type occupied the largest global escalators market share in the year 2017
In the year 2016, parallel segment dominated the type segment with largest market share during the forecast period and is anticipated to continue its dominance throughout the forecast period 2017 – 2025 owing to increasing growth in number of shopping malls & commercial buildings.
Commercial, by industry vertical expected to held the maximum market share throughout the forecast period.
In the industry vertical segment, commercial will attain largest market share during the forecast period 2016 – 2024 due to growing construction sector and growth in retail sector.
Asia-Pacific dominated the leading share in the global escalators market
In the year 2016, Asia-Pacific generated the highest market share with about 34.4% and projected to stay its dominance throughout the forecasted period. The major growth is seen due to the development in construction sector in the various region. Moreover, countries like Hong Kong, Qatar, United Arab Emirates, Singapore, Australia, are witnessing a high demand in the global escalators market.
Key players profiled in the report include Hyundai Elevator Co. Ltd., Mitsubishi Electric Corporation, Sigma-Aldrich Corporation, Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover Corporation, Canny Elevator Co., Ltd., Fujitec Co., Ltd., and Otis Elevator Company, among others.
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Scope of the Global Escalators Market
• Others Types (Spiral and Crisscross)
Industry Vertical Segments
• Public Transit
• Other Industry Verticals (Institutional Sector and Residential)
• North America
o Rest of Europe
o Rest of Asia-Pacific
o South America
o Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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