Elevators & Escalators Market 2024| Hitachi, Schindler Group, Mitsubishi Electric, Thyssenkrupp, OTIS Elevator, Kone
Recent research and the current scenario as well as future market potential of "Global Elevators & Escalators Market (New Equipment, Maintenance and Modernization) Market Outlook 2024".Global Elevators & Escalators Market is expected to reach above 100 billion By 2024
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Elevators and escalators are type of vertical transportation system which aids in efficient mobilization of people or goods at various levels in a building, vessel or any other structure. Based on its end-use, elevators are broadly classified into Passenger elevator, Panoramic elevator, Bed elevator and Freight elevator. Elevators are also classified based upon technology used such as Gearless traction electric elevators, Geared traction elevators, Hydraulic elevators and Machine room-less elevators (MRL). On the other hand, escalators are classified into Moving Walkaways and Moving Stairways. Elevators and escalators market is a pure life cycle business with regular installation, modernization and replacement activities. The report covers brief analysis of Elevators & Escalators Life Cycle Assessment, Supply Chain Analysis and Value Chain Analysis.
The key players covered in this study
Thyssenkrupp
OTIS Elevator
Kone
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems
Mitsubishi Electric
Thames Valley Controls
Motion Control Engineering
The ?Global Elevators & Escalators Market (New Equipment, Maintenance and Modernization) Market Outlook 2022? report, provides comprehensive market outlook of global elevators and escalators market, focusing on major market sub-segments namely, New Equipment, Maintenance and Modernization. In the report, elevators and escalators market assessment is done across major markets such as North America, Asia Pacific, China, Japan, Korea, India, Europe, Latin America, Middle East & Africa and CIS. Asia Pacific is the world?s largest elevators and escalators market. It is followed by Europe and North America at second and third position. In-depth analysis of the industry in the aforementioned regions is done on the basis of market value, installed base and new installation.
Growth of global elevators and escalators industry has been kept buoyant by burgeoning high rise buildings, rapid urbanization, low E&E in emerging economies, ageing population and maintenance regulations by government all over the world. However, major factors restraining growth of global elevators and escalators industry includes sluggishness witnessed in Chinese E&E market, high cost of equipment and rising safety and environmental concerns.
Global Elevators & Escalators industry is highly competitive with numerous market players vying to capture the market by continuous enhancement of their product and services offerings. In order to remain competitive, leading industry players such as Otis (United Technologies Corporation), Mitsubishi Electric, Schindler Holding Ltd., KONE Corporation and ThyssenKrupp Group utilize the growth opportunity effectively by continuous reformation of its offerings. These leading market players have been profiled herein based on attributes such as business overview, product segments, financial and business strategies. The report also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section.
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In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global elevators and escalators market.
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