Elevator and Escalator Market to Set Phenomenal Growth from 2018 to 2022

Technavio recognizes the following companies as the key players in the global elevator and escalator market: Hitachi, KONE CORPORATION, Mitsubishi Electric, Otis Elevator Company (UNITED TECHNOLOGIES), Schindler, thyssenkrupp

Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is elevator maintenance using IoT platform”

According to the report, one driver that is affecting the market is increasing demand for smart elevators”

Further, the report states that one challenge that is affecting the market is unwillingness to modernize elevators and reduce their energy use”

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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The market is expected to grow at a CAGR of 6.82%

About elevator and escalator

Elevators and escalators aid in different forms of vertical movement and transport between the floors of a building. In special design introductions, moving walkways, which are a type of escalator, aid in horizontal movement as well.

Technavio’s analysts forecast the Global elevator and escalator market to grow at a CAGR of 7.56% during the period 2017-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global elevator and escalator market for 2018-2022. The report provides market estimates in terms of elevator and escalator units sold in a year. The market is segmented on the basis of product, i.e., elevators and escalators. In addition, the report segments the market on the basis of the key geographic regions, namely, APAC, EMEA and the Americas.

The market is divided into the following segments based on geography:

·         • Americas

·         • APAC

·         • EMEA

Technavio's report, Global Elevator and Escalator Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

·         • Hitachi

·         • KONE CORPORATION

·         • Mitsubishi Electric

·         • Otis Elevator Company (UNITED TECHNOLOGIES)

·         • Schindler

·         • thyssenkrupp

Market driver

·         • Increasing demand for smart elevators

·         • For a full, detailed list, view our report

Market challenge

·         • Unwillingness to modernize elevators and reduce their energy use

·         • For a full, detailed list, view our report

Market trend

·         • Elevator maintenance using IoT platform

·         • For a full, detailed list, view our report

Key questions answered in this report

·         • What will the market size be in 2022 and what will the growth rate be?

·         • What are the key market trends?

·         • What is driving this market?

·         • What are the challenges to market growth?

·         • Who are the key vendors in this market space?

·         • What are the market opportunities and threats faced by the key vendors?

·         • What are the strengths and weaknesses of the key vendors?

Some points from TOC:-

Table of Contents PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
•Market ecosystem
•Market characteristics
•Market segmentation analysis
PART 05: MARKET SIZING
•Market definition
•Market sizing 2017
•Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
•Bargaining power of buyers
•Bargaining power of suppliers
•Threat of new entrants
•Threat of substitutes
•Threat of rivalry
•Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT

Continued…

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