Global Elevator and Escalator Market to Grow as High-rise Buildings become a Trend
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The global elevators and escalators market is highly consolidated with a large portion of the market share being accounted for, by the top five layers in the industry. Rivalry is expected between the many local players who are meeting the unmet needs of their areas and other international players. In addition to this, there are many small players in this industry catering to segments such as maintenance and modernization of elevators and escalators.
A high demand for elevators and escalators is expected from Asia Pacific as this region is experiencing a surge in infrastructure development, growth in construction activities, urbanization, and industrialization. The growing aging population is another driving factor for the global elevators and escalators market as it is difficult to take the stairs for the elderly. In addition to this, the growing number of business spaces and shopping malls in cities worldwide is creating a heightened demand for elevators and escalators for the comfort of people and goods. Hotels are also investing elevators and escalators, thus driving their demand.
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The global demand for elevators and escalators is also seeing an upward trend owing to vertical growth in the construction industry. Vertical growth has become a trend in the recent past owing to a need to utilize all the space available in the city efficiently, leading to a growing number of high-rise buildings. High rise buildings necessitate the installment of elevators and escalators, thus driving the market. The growing urban population and rise in congestion are expected to continue driving the market in the long run.
Some of the key players in the market are Otis, Kone, Schindler Group, ThyssenKrupp, Mitsubishi Electric, Hitachi, Hyundai, Fujitec, Toshiba, Express Elevators, Yungtay Engineering, Volkslift, Suzhou Diao, Ningbo Xinda Group, Canny Elevator, SJEC, Dongnan Elevator, Sicher Elevator, Hangzhou Xiolift, SANYO, Guangri Elevator, Zhejiang Meilun Elevator, Hangzhou Aolida Elevator, Suzhou Shenlon Elevator, Shenyang Brilliant Elevator, and Edunburgh Elevator.
List of Tables and Figures
Figure Picture of Elevator and Escalator
Table Product Specifications of Elevator and Escalator
Table Classification of Elevator and Escalator
Figure Global Production Market Share of Elevator and Escalator by Types in 2015
Table Applications of Elevator and Escalator
Figure Global Consumption Volume Market Share of Elevator and Escalator by Applications in 2015
Figure Industry Chain Structure of Elevator and Escalator
Table Global Elevator and Escalator Major Manufacturers
Table Global Major Regions Elevator and Escalator Development Status
Table Industry Policy of Elevator and Escalator
Table Industry News List of Elevator and Escalator
Table Raw Material Suppliers and Price Analysis
Table Equipment Suppliers and Price Analysis
Table Manufacturing Cost Structure Analysis of Elevator and Escalator in 2015
Figure Manufacturing Process Analysis of Elevator and Escalator
Table Capacity (K Units) and Commercial Production Date of Global Elevator and Escalator Major Manufacturers in 2015
Table Manufacturing Plants Distribution of Global Elevator and Escalator Major Manufacturers in 2015
Table R&D Status and Technology Source of Global Elevator and Escalator Major Manufacturers in 2015
Table Raw Materials Sources Analysis of Global Elevator and Escalator Major Manufacturers in 2015
Table Global Capacity (K Units) of Elevator and Escalator by Regions 2011-2016
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