Global Elevators And Escalators Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2026

Elevators and Escalators are the two unavoidable parts of the everyday life of humans. Multifarious malls and skyscrapers make elevators and escalators the must-haves in every building. Busy time schedules and an increased number of ageing population necessitate the facility of escalators and elevators in residential apartments across the globe.

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According to the U.S. Census Bureau, the aging population (above 65 years) held an 8.5% share of the total population worldwide during the year 2015 and is projected to increase its share to 12.0% by 2030. Moreover, factors like rapid urbanization, changing demographics, and increasing constructional activities around the world are expected to drive the growth of the global elevators and escalators market rapidly. Safety is considered a prominent factor in the selection of elevators and escalators service providers.

Elevators and Escalators Market: Drivers
One of the major factors driving the growth of the elevators and escalators market is the increasing demand from the end-use sectors like residential, commercial, hospitals, etc. Additionally, the increasing focus of government towards high-rise infrastructures coupled with the increasing need for rapid transit is expected to fuel the growth of the global elevators and escalators market.

Moreover, continuous investment for the improvement of infrastructure at public places like railway stations, airports, shopping malls, etc. is further expected to upsurge the demand for elevators and escalators during the forecast period. Tourism is another sector that encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries.

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Elevators and Escalators Market: Region-wise Outlook
Based on regions, the Asia Pacific led by China and India holds about a 65% share in the total aging population of the world and is expected to be the most prominent revenue generation region in the global elevators and escalators market. Europe followed by North America is expected to witness positive growth during the forecast period.
The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
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• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies.

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Elevators and Escalators Market: Players
Some of the examples of the players identified in the global elevators and escalators market are as follows:
• Otis Elevator Company
• Kone Corporation
• Schindler Group
• Thyssenkrupp AG
• Fujitec
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Toshiba Elevators and Building Systems Corporation
• Hyundai Elevator Co., Ltd.
• SJEC Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.

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