Global Elevators and Escalators Market
The GMI Research forecasts that the Elevators and Escalators Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the ease in transporting people, especially the aged population, across the building, at a faster speed.
Introduction of the Elevators and Escalators Market:
Elevators are powdered by electronic motors to efficiently transport people or goods across different floors of a building or commercial space. An escalator runs on alternating current motors like a moving staircase whose steps move in an upward and downward direction and possesses a large capacity to move people as compared to the elevators. They are a type of vertical transportation that demands more power as it operates continuously.
Key Players of the Global Elevators and Escalators Market:
- Kone Corporation
- Schindler Holding Ltd.
- United Technologies
- Thyssenkrupp AG
- Hyundai Elevator Co., Ltd.
- Toshiba Corporation
- Fujitec Co., Ltd.
- Mitsubishi Electric Corporation
- Hitachi Ltd.
- Electra Ltd
Elevators and Escalators Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Some prominent drivers supplementing the growth of the global elevators and escalators market include the augmenting apprehension for safety among the geriatric population and their surging implementation in various commercial spaces, including shopping malls, airports, and train stations. In addition, the mounting commercial activities and increasing investment for better infrastructure at public places further strengthen the elevators and escalators market size. Furthermore, the accelerating urban population, altering demographic trends and the extension in the construction industry across the globe, and their strong demand from various end-use sectors, including commercial, residential, and hospitals, will bolster the market growth. On the other edge, the inflated installation and setup costs may hamper the market growth.
Elevators and Escalators Market Segmentation:
Segmentation by Elevator Technology
- Traction
- Hydraulic
- Machine Room-Less Traction
Segmentation by Type
- Elevators
- Passenger Elevator
- Bed Elevator
- Service Elevator
- Observation Elevator
- Residential Elevator
- Freight Elevator
- Dumbwaiters
- Vehicle Elevators
- Others
- Escalators
- Moving Walkways
Segmentation by Application
- Commercial
- Non-commercial
Segmentation by Services
- New Installation
- Maintenance
- Modernization
Segmentation by Building Type
- Low Rise
- Mid Rise
- High Rise
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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