openPR Logo
Press release

Smart Elevators Escalators Market: Projection of Each Major Segment over the Forecast Period.

12-07-2017 11:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
According to the United Nations, the world is presently witnessing the largest wave of urban development. For the very first time in the history of the world, more than half the world’s population is residing in urban dwellings. The swelling number of urban-living population is expected to rise to nearly 5 bn by 2030. The trend of urbanization will lead to the construction of taller commercial and domestic dwellings so as to make the most of sparse spaces in densely populated cities.

The world’s geriatric demographic and middle class population is also rapidly rising. Construction companies are becoming more environmentally responsible and consumer centric. Rising concerns regarding emissions and the major role of the construction industry in producing large volumes of environmentally harmful chemicals and gases throughout the lifecycle of a building are pushing the need for sustainable operations and products.

Obtain Report Details @

https://www.transparencymarketresearch.com/smart-elevators-escalators-market.html

These trends are collectively driving the increased demand for a variety of smart elevators and escalators across the globe. TMR findings suggest that the market will expand at a favorable 6.3% CAGR from 2015 to 2023. At this rate, the market, which valued US$96.63 bn in 2014, will rise to US$162.56 bn by 2023.

Companies Align Growth Strategies towards Asia Pacific

It is estimated that nearly 7 out of every 10 elevators are installed in Asia Pacific. To remain competitive and exploit the vast growth opportunities in this regional market, major vendors in the smart elevators and escalators market are expanding their reach in major Asia Pacific countries such as India and China, by increasing the number of sales offices and branches.

Schindler Holding Ltd., one of the largest smart elevators and escalators companies in the world, increased the number of sales offices and branches in China to over 200. In their pursuit of growth strategy aimed at expanding presence in this region, many major vendors in the market are making large investments in towards expansion in the region, in the R&D and production capabilities, and in the development of new, innovative, and cost- and energy-efficient products.

Despite the slow economic growth in the past few years, China will remain the largest smart elevator and escalators market globally over the next few years, with growth majorly driven by the country’s rapidly progressing and populating tier 1 cities and increase in other infrastructure-related projects. Growth in India will also be promising for the elevators and escalators market owing to rapid urbanization and several infrastructure development projects.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11456

Flourishing Tourism and Hospitality Sector to Present Major Growth Avenues

The market for smart elevators and escalators is presently dominated by the residential and transportation sectors and is projected to witness very few changes in the overall contribution of crucial application segments in market’s revenues. The hotels segment will benefit from the rising numbers of budget and luxury hotels across the globe.

Hotels contributed to a modest 11.2% revenue share in the global smart elevators and escalators market in 2014 and is expected to exhibit a 6.9% CAGR from 2015 to 2023. Rising numbers of supermarkets, hypermarkets, and rise in warehousing operations in the retail industry will also benefit the global smart elevators and escalators market gain sustainable growth over the said period.

Despite the presence of a large number of companies, the global smart elevators and escalators market is majorly consolidated, with the top four companies accounting for a share of over 61% in the global market in 2015. Other than the top our contenders in the market, Otis Elevator Company, Schindler Holding Ltd., Kone Corporation, and ThyssenKrupp AG, some of the most prominent vendors are Cisco Systems, Inc., Toshiba Corporation, Fujitec Co., Ltd., Mitsubishi Electric Corporation, Hitachi Ltd., and Kleemann Hellas SA.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Elevators Escalators Market: Projection of Each Major Segment over the Forecast Period. here

News-ID: 849839 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the