CHICAGO, May 22, 2019 /PRNewswire/ -- According to Arizton's recent research report, the global elevators and escalators market is likely to reach over $107 billionby 2024, growing at a CAGR of around 6% during 2018?2024.
Key Highlights Offered in the Report:
Key Offerings:
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Elevators & Escalators Market? Segmentation
The market research report includes a detailed market segmentationby product type, end-user type, and geography.
Market Segmentation by Product Types
Market Segmentation by End-user Types
Elevators & Escalators Market ? Dynamics
The adoption of stringent safety regulations, the growth of the global construction market, the rise in the aging population, the demand for high maintenance and modernization of infrastructure, and the growth of smart building and elevators are likely to propel the global elevator and escalator market. The increasing penetration of IoT in government, commercial, residential, and industrial sector is likely to have a positive impact on the emerging ecosystem of next-generation elevators and escalators.
Key Drivers and Trends fueling Growth:
Elevators & Escalators Market ?Geography
APAC is likely to emerge as the largest market in the global elevator and escalator market and is expected to observe the highest incremental growth rate during the forecast period. China, India, and Japan are the major revenue contributors to the market, as there has been a surge in the adoption of elevators and escalators in these countries due to the increasing construction of high-rise buildings.
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Market Segmentation by Geography
o Japan
o China
o India
o Germany
o Italy
o Spain
o US
o Canada
o Brazil
o Mexico
o Saudi Arabia
o South Africa
o UAE
Major Vendors:
Other vendors include Mitsubishi Electric, Hitachi, Fujitec, Toshiba, Hyundai Elevator, SJEC, Electra Lift, Savaria, Lift-ok.com, Johnson, Orbis Elevator, KLEEMANN, GTS Elevator, Orona, Omega Elevators, Fuji Elevator, GEEC, OTSE Elevator & Escalator, Sodimas, and L.T.Elevator.
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