Global Elevators Market Forecasted to Gain Steady Growth at a CAGR of 9.80% through 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of global elevators market. The study is titled as “Elevators Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global elevators market.

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Adoption of electronic devices not only enhances convenience but also improves lifestyle of consumers, which has further resulted into the concept of smart homes. In addition, smart buildings are witnessing a tremendous surge in prevalence, with the rise in development of smart cities. Rising integration of essential building equipment and systems with artificial intelligence (AI) has further proliferated demand for smart buildings in developed and developing countries. Various governments across the globe are focusing on funding smart cities projects, which in turn is expected to influence demand for equipment such as elevators. Elevator manufacturers across the globe are increasingly being encouraged to incorporate internet of things (IoT) in elevator systems, which will improve the service by lowering downtimes and enhancing the efficiency. It will further enable real-time remote monitoring and actionable analytics. Integration of IoT into elevators is considered to be one of the latest trends in the elevators industry, and such elevator systems are likely to gain immense traction globally in the near future.

Emergence of Net-Zero Elevators to Influence the Market Expansion

Commercial builders are currently more focused than ever toward creation of energy-efficient structures to cater highest environmental benchmarks, while sustaining in the test of time. Elevators significantly contribute to energy consumption in a residential as well as commercial buildings, accounting for over 10% of total energy consumed. However, after decades of machine and technology advancements, modern elevators being developed comparatively consume lesser energy. In addition, the concept of a net-zero elevators is likely to gain immense traction in residential as well as commercial sectors in the upcoming years. As a net-zero building produces only the amount of energy that is required by the structure, implementing a net-zero elevator commences with the emphasis on improving solar footprint. Infrastructure developers are therefore increasingly focusing on incorporating solar panels within the elevator shaft’s footprint, making it cost-effective and more practical. Another imperative factor gaining attraction of builders is inclusion of microprocessor controls in a net-zero elevator, to reduce energy losses as well as the amount of energy consumed by implementing more integrated circuits in every area of printed circuit boards

According to the report, some of the key companies operating in the global elevators market include Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Generac Holdings Inc., Champion Power Equipment, Inc., Hyundai Motor Company, Toshiba Corporation, Wuxi Kipor Power Co. Ltd., Briggs & Stratton Corporation, Lifan Industry (Group) Co. Ltd, Ryobi Limited, and Subaru Corporation.

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Table of Contents:

Global Economic Outlook
Global Elevators Market – Executive Summary
Global Elevators Market Overview
3.1. Introduction
3.1.1. Global Elevators Market Taxonomy
3.1.2. Global Elevators Market Definition
3.2. Global Elevators Market Size (US$ Mn) and Volume (Units)Forecast, 2012-2026
3.2.1. Global Elevators Market Y-o-Y Growth
3.3. Global Elevators Market Dynamics
3.4. Supply Chain
3.5. Life Cycle of Elevators Market Equipment
3.6. Leading Manufacturers of Elevators and their Production (in millions)
3.7. Porter’s Five Forces Analysis
3.8. Distribution Channel Analysis
3.9. Consumer Demands and their Impacts
3.10. PESTLE Analysis
3.11. Region-wise Market Positioning Assessment
3.12. Developments in the Global Elevators and Escalators Market
3.13. Key Takeaways
3.14. Key Participants Market Presence (Intensity Map by Region)
Global Elevators Market Analysis and Forecast 2012-2026
4.1. Global Elevators Market Size and Forecast By Service Type, 2012-2026
4.1.1. Maintenance & Repair Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) and Volume (Units) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
Continued……..

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