Elevators & Escalators Market In Depth Research by Leading Manufacturers, Demand, Trends, Regions(USA, Europe, Middle-East, Asia, etc.) and Forecast by 2027 | Otis Worldwide Corporation (US), KONE Oyj (Finland), Schindler Group (Switzerland)

Latest market research report on Global Elevators & Escalators Market 2020 with industry size, share, trends, key players and forecast by 2027.

The global Elevators & Escalators market is one of the fastest-growing markets in the world. The following report contains all the statistics and facts & figures related to the global Elevators & Escalators market. Their business strategies, sales data, projections, and a host of other important data have been covered for an in-depth outlook. The report also has PEST analysis, SWOT analysis, risk analysis, and regional analysis. Otis Worldwide Corporation (US), KONE Oyj (Finland), Schindler Group (Switzerland), ThyssenKrupp AG (Germany), Fujitec Co. Ltd. (Japan), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan) and more - all the leading companies operating in the global Elevators & Escalators market and their business strategies have been profiled in this research report.

Global Elevators & Escalators Market is valued approximately at USD 112.5 billion in 2019 and is anticipated to grow with a CAGR of 6.10% over the forecast period 2020-2027.

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Elevators and escalators enable easy and faster travel and transport of most individuals and materials within a building among the floors. Rise in need for smooth and energy efficient elevators and escalators increase with the expansion of construction sector worldwide. For Instance: As per reports by Oxford Economics by 2030, construction output volumes are forecast to growth by 85% worldwide with three major countries- India, United States and China accounting for approximately 57% of the global growth. Further, factors such as rapid industrialization and urbanization would result in construction of tall building and hence driving the growth of Global Elevator and Escalator Market.

For Instance: In 2018, as per United Nations 55% of the world's population reside in urban areas which is estimated to increase up to approximately 68% by 2050. A tremendous rise in population has been observed year-on-year but due to limited availability of terrestrial land, rise in the number of skyscrapers has been noticed which boost the demand for elevators and escalators. Moreover, due to rising trend of Market City and Shopping Mall, there is a rise in the adaption of elevators and escalators in order to provide better convenience to a large number of customers. Busy time schedules and rise in the number of aging population (elderly people) accelerates the need for elevators and escalators. As per reports by WHO in 2018, it is predicted that by 2050, 20% of the Global population will be aged over 60 with physical weakness which would rise the demand for elevators and escalators to ease their movements in the buildings, airports, railway stations and shopping malls. Rising needs for more efficient and reliable elevators and escalators create opportunities for the market growth. However, factors such as high cost of installation and high frequency of maintenance and repair of the systems are the major restraining factors which impede the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Elevators & Escalators market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world due to rapid urbanization. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such growth in the construction and development of residential, commercial and institutional industries along with the rising population would create lucrative growth prospects for the Elevators & Escalators market across Asia-Pacific region.

Major market players included in this report are:
Otis Worldwide Corporation (US)
KONE Oyj (Finland)
Schindler Group (Switzerland)
ThyssenKrupp AG (Germany)
Fujitec Co., Ltd. (Japan)
Hitachi, Ltd. (Japan)
Mitsubishi Electric Corporation (Japan)
Toshiba Elevator and Building Systems Corporation (Japan)
Hyundai Elevator Co., Ltd. (South Korea)
SJEC Corporation (China)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Elevators
Escalators
Moving Walkways

By Service:
New Installation
Maintenance & repair
Modernization

By Elevator Technology:
Traction
Machine room-less (MRI) Traction
Hydraulic

By End-Use:
Residential Sector
Commercial Sector
Institutional Sector
Infrastructural Sector
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Elevators & Escalators Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

The market research report paints a clear picture of the global Elevators & Escalators market by providing you with qualitative research and quantitative research based on which you can assess the market to make entry into the market, make investments, or make reports & presentations. Get in touch with Market Research Port for the most competitively priced report on the global Elevators & Escalators market.

Major Points From TOC:
Executive Summary
Global Elevators & Escalators Market Definition and Scope
Global Elevators & Escalators Market Dynamics
Global Elevators & Escalators Market: Industry Analysis
Global Elevators & Escalators Market, by Type
Global Elevators & Escalators Market, by Service
Global Elevators & Escalators Market, by Elevator Technology
Global Elevators & Escalators Market, by End-Use
Global Elevators & Escalators Market, Regional Analysis
Competitive Intelligence
Research Process

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