Press release
Global Elevator and escalator Market in China to grow at a CAGR of 14.04% by 2022
Elevators and escalators are installed in commercial, residential, and mixed-use buildings; as well as IT parks, hotels, restaurants, and retail outlets. They help move people and goods easily and efficiently. They are also installed in parking areas to help in optimum utilization of parking space.
Elevator and escalator market in China to grow at a CAGR of 14.04% in terms of volume during 2014-2020.
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Covered in this report
This report covers the present scenario and the growth prospects of the elevator and escalator market in China for 2015-2020. To calculate the market size, the report considers revenue generated from the installation of new units, and maintenance and modernization of existing elevators and escalators in China. The report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description of other prominent vendors operating in the market. It also discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
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Key customer segments
• Commercial customers
• Non-commercial customers
Key vendors
• Kone
• Otis
• Schindler
• ThyssenKrupp
Other prominent vendors
• Canny Elevator
• Fujitec
• Hitachi
Market driver
• Government initiatives in construction sector
• For a full, detailed list, view our report
Market challenge
• High cost of elevators and escalators
• For a full, detailed list, view our report
Market trend
• Growth of domestic vendors
• For a full, detailed list, view our report
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