Press release
What's Driving the Elevators and Escalators Market Growth? Electra, Fujitec, Hitachi, Hyundai Elevator, Kone Oyj, Mitsubishi Electric Corporation
The demand for escalators and elevators is increasing with the development of smart cities in emerging economies. Expanding commercial and residential projects are further contributing to the market growth. Escalators and lifts ease the movement of people and goods in buildings as well as industries. Therefore, increasing industrialization in emerging economies offers lucrative growth opportunities for market growth. In developed countries, high growth in demand is attributed to technological advancements coupled with growing renovation activities.Top Companies Covered in this Report:
1. Electra Ltd, 2. Fujitec Co., Ltd., 3. Hitachi, Ltd., 4. Hyundai Elevator Co Ltd, 5. Kone Oyj, 6. Mitsubishi Electric Corporation, 7. Otis Elevator Company (United Technologies Corporation), 8. Schindler Holding Ltd., 9. ThyssenKrupp AG, 10. Toshiba Corp
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What is the Dynamics of Elevators and Escalators Market?
The elevators and escalators market is anticipated to witness symbolic growth on account of rapid urbanization and modernization in the living standards. Improvement in the construction sector is yet another factor propelling market growth. However, high maintenance costs may negatively influence the growth of the elevators and escalators market during the forecast period. On the other hand, innovative technologies and the adoption of green building codes would create lucrative opportunities for the elevators and escalators market in the future.
What is the SCOPE of Elevators and Escalators Market?
The "Global Elevators and Escalators Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of elevators and escalators market with detailed market segmentation by type, end user, and geography. The global elevators and escalators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading elevators and escalators market players and offers key trends and opportunities in the market.
What is the Market Segmentation?
The global elevators and escalators market is segmented on the basis of type and end user. Based on type, the market is segmented as elevators, escalators, and moving walkways. The market on the basis of the end user is classified as commercial and residential.
What is the Regional Framework of Elevators and Escalators Market?
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Elevators and Escalators market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Elevators and Escalators market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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