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Elevators and Escalators Market by Type, Service, Elevator Technology, & End-use Sector - Global Forecast to 2021

Elevators and Escalators Market: Global Forecast until 2021

  • August 2016
  • 227 pages
  • ID: 4070749
In this report:
The residential end-user segment accounted for a share of ##% in 2015, and is projected to grow at a CAGR of ##.##% during the forecast period.
The institutional end-user segment accounted for a share of ##% in 2015, and is projected to grow at a CAGR of ##.##% during the forecast period.
The infrastructural end-user segment accounted for a share of ##% in 2015, and is projected to grow at a CAGR of ##.##% during the forecast period.

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"Growing demand by the residential sector to drive the elevators & escalators market"

MarketsandMarkets projects that the elevators & escalators market size will grow from ~$88.8B in 2015 to ~$125.2B by 2021, at a compound annual growth rate of ~6.0 percent. The industry demand for the industry is supported by the growing demand in Asia Pacific (APAC) and wide application in diverse end-use markets.

"The machine room-less technology to benefit maximum rise during the outlook period"

The machine room-less technology is intended to be the quickest-growing segment in the upcoming five years. The machine room-less elevator technology is a relatively new technology and is the result of technological advancements. This technology has resulted in a significant reduction in the size of the electric motors that is used with traction equipment. This design is being adopted by buildings across the globe and is becoming the standard product. There are various benefits attached to the machine room-less elevators; they save a significant amount of energy (estimated at 70 - 80.0 percent) as distinguished to hydraulic elevators and eliminate the cost and environmental concerns that are usually associated with a buried hydraulic cylinder filled with hydraulic oil.

"Asia-Pac region is set to witness healthy increase during the estimate period"

The APAC market is forecasted to be the quickest developing market during the outlook period. It is also estimated to have the biggest market share due to the rising commercial and residential spaces in the territory. The sectors of China and India (IN) are forecasted to be lucrative due to their growing middle-class population and varied application of the elevators, escalators, and moving walkways in different end-use sectors.

Breakdown of Primaries

Primary Q&A were managed with a number of industry experts, in order to gather info associated to various aspects of the elevators & escalators market. Measures reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals including equipment manufacturers, distributors, consultants, and academic professionals. The classification of primaries interviews is like:

By Company Type: Tier 1 -35.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 35.0 percent

By Description: C-suite - 65.0 percent and Grade of manager - 35.0 percent

By area: North america (NA) - 30.0 percent, Europe - 30.0 percent, Asia-Pacific - 20.0 percent, and rest of the world - 20.0 percent

Note: The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2013.

Tier n1: Revenue > $10.0B; Tier 2: $1.0B > Revenue > $10.0B; Tier 3: Revenue < $1.0B

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the elevators & escalators market comprehensively and offers the best approximations of the revenue data for the global market and the subsegments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes the competitor ecosystem, contracts, strategic agreements, business developments, acquisitions, joint ventures (JV), strategic alliances, new industry product developments, and modernizations.

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