Press release
Romania Elevator & Escalator Market (2018-2024)-6Wresearch
Maintenance Service Segment to Contribute Major Share in Romania Elevator and Escalator Market - 6WresearchOver the past five years, Romania elevator and escalator market registered sluggish growth in terms of number of new installations, predominantly attributed to low investment in the construction projects. Corruption allegations against politicians have adversely affected investors confidence, decline in construction market projects have created negative impact in the growth of elevators and escalators market. However, the market is forecast to post positive growth on account of government's Transport Master Plan, First Home Program and Rural Development Program (RDP) which would support industry growth and construction of new hotels & shopping malls, along with increasing inflow of FDI in the construction and retail sectors. During the forecast period, the maintenance service segment is projected to hold major market share on the back of growing new installation, increasing aging elevators installed base coupled with government regulation of compulsory service of elevators and escalators in the country.
Explore Press Release : http://www.6wresearch.com/press-releases/romania-elevator-and-escalator-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html
According to 6Wresearch, Romania Elevator and Escalator Market is expected to grow at a CAGR of 6.3% during 2018-24. Expansion is anticipated during the forecast period on the back of growing construction and infrastructure development projects in the country. The European Commission adopted Large Infrastructure Operational Program (LIOP) 2014-2020 for Romania in July 2015 which provides an investment package of $11.7 billion in transportation sector (such as airports, railway station, and metros). General Master Plan provides an investment worth $54billion for transport infrastructure development to assist further growth in deployment of elevators and escalators.
According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, the commercial vertical held the highest market revenue share in the overall elevators and escalator market of Romania. Increasing commercial buildings in the country bolstered the demand for elevators and escalators. More than 10 commercial buildings are in phase of construction in Romania.
"Moreover, growing tourism sector has driven the construction of new hotels across the region, resulting in an increased deployment of elevators and escalators," Shefali further added.
According to Ramneek Dawar, Research Associate, Research and Consulting, 6Wresearch, "Bucharest & Brasov regions, accounted for majority of the revenue share in Romania elevators and escalators market, attributed to key construction projects in the commercial, hospitality and residential verticals; increasing construction activities in residential vertical in Bucharest and Brasov will be the key driving factor for the growth of the market during the forecast period.
"Additionally, upcoming Euro 2020 Football Tournament event is likely to propel major growth in infrastructure projects, primarily, highways, airport terminals, transport links between Bucharest city and the airport, and would give further boost growth of the tourism sector,' Ramneek quoted.
Some of the key players in Romania elevator and escalator market include- Kone Corporation, Otis Elevator, Schindler and ThyssenKrupp.
"Romania elevator and escalator Market (2018-2024)" provides in-depth analysis with 61 figures and 13 tables covered in more than 98 pages. The report estimates and forecast the overall Romania elevator and escalator market by revenues, types, regions, services and verticals such as residential, commercial, and industrial. The report also offer insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/romania-elevator-and-escalator-market-2018-2024-forecast-by-segments-services-verticals-residential-commercial-industrial-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Email sales@6wresearch.com
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Romania Elevator & Escalator Market (2018-2024)-6Wresearch here
News-ID: 1087914 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions

The Enduring Popularity of Jeans in a Changing Fashion Landscape
Jeans continue to experience strong global market growth, driven by their lasting charm, widespread acceptance, and increasing demand across age and style groups. Despite the evolution of fashion and emergence of competing apparel types, jeans have maintained their spot as a universal wardrobe essential. Their reliable comfort, enduring quality, and style flexibility help reinforce their popularity, making them one of the most consistently chosen clothing items by consumers around the…

Global Homeopathic Medicine Market Expands with Rising Demand for Safe and Holis …
The global homeopathic medicine market is experiencing consistent progress in various sectors like wellness, healthcare, and personal care. Increasing demand for preventive healthcare, growing awareness about alternative and natural treatment techniques, and innovations in homeopathic formulations are fueling market expansion globally. Homeopathic medicines are commonly used for numerous applications such as seasonal illnesses, skin disorders, chronic disease management, and mental health. With advanced delivery techniques, enhanced quality standards, and regulatory…

Smart, Durable, and Stylish: Global Helmet Market Gains Momentum
The global helmet market is experiencing consistent growth in various sectors like construction, defense, sports, and personal safety. Innovations in helmet technology, growing awareness about head safety, and the requirement for durable and comfortable protective gear are propelling market development across the world. Helmets are important for many uses such as cycling, motorcycling, industrial work, defense, construction, and sports activities. With lightweight materials, enhanced safety features, and ergonomic designs, helmets…

Modernization and Urban Air Mobility Driving Steady Growth in the Global Helicop …
The global helicopter market is witnessing consistent progress in various sectors like commercial, defense, emergency medical, and private. Innovations in helicopter technology, growing demand for air transportation, and the requirement for efficient and safe aerial operations are fueling market development across the world. Helicopters are important for many uses like military operations, passenger transport, search and rescue, emergency medical services, and logistics in remote areas. With improved modern avionics and…
More Releases for Romania
New crypto exchange platform Romania
www.abarai.ro is revolutionizing how Romanian users access cryptocurrencies with an innovative platform that promises a fully secure, fast, and transparent experience. As the first non-custodial cryptocurrency exchange in the country, Abarai marks a significant shift in the digital financial ecosystem, offering users complete control over their funds and eliminating the risks associated with centralized custody.
Simplified Access to Cryptocurrencies
Whether you're an experienced investor or just starting your crypto journey, Abarai makes…
Telecommunications Market Statistics, Development and Growth 2021-UPC Romania, V …
Telecommunications Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2025
The Telecommunications market size is expected to be growing at a 7.76% CAGR from 2021 to 2025.
According to the new Telecommunications market research report 2021-2025 is easy to understand the detailed analysis. The report published by Market Insights Reports represents the context of current and future trends driving global Telecommunications market growth. The research report is thoroughly…
Romania Agriculture Market, Romania Agriculture Industry, Romania Agriculture Li …
Romania has an agricultural capability of roughly 14.7 million hectares, of that solely 10 million are utilized as tillable land. In November 2008, an evaluation unconcealed that 6.8 million hectares don’t seem to be used. In 2018 Romania was the third biggest agricultural producer of the EU and created the biggest quantity of maize. The most issues encountered by Romanian agriculturists are a scarcity of major investments in agriculture, owing…
Romania Market Overview 2019-2025: Country Intelligence Key players (Vodafone Ro …
HTF Market Intelligence released a new research report of 42 pages on title 'Romania: Country Intelligence Report' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) or Latin America and important players such as Vodafone Romania, Telekom Romania, orange Romania, RCS&RDS (Digi), Lycamobile, UPC romania, Nextgen
Request a sample report @ https://www.htfmarketreport.com/sample-report/871934-romania-country-intelligence-report
Summary
Romania: Country Intelligence Report
"Romania:…
Agrochemicals Market in Romania
ReportsWorldwide has announced the addition of a new report title Romania: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports.
The report “Romania: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A…
Stada Romania Deploys MediaSoft CRM
Cakovec Croatia – 10 , April 2017 - After several Stada countries who run with Mediasoft CRM solutions, Stada Romania joins the club of satisfied users. Stada Romania had an very comprehensive tender on which many international Pharma CRM vendors participated but at the end Mediasoft won.
The whole implementation started end of 2016 and from 1st of April 2017 Stada Romania started to use Mediasoft CRM by it’s full potential…