Global Elevators & Escalators Market to Grow at 4.10% by 2020, Reveals New Market Research Report by NOVONOUS


Free Press Release DB | Press Release Date : May 6, 2016  Download


Market Research Reports, Inc. has announced the addition of “Global Elevators & Escalators Market 2016 - 2020" research report to their website www.MarketResearchReports.com


The Global Elevators & Escalators market is highly consolidated with more than two third of its revenue coming from the top 5 players in the industry. But there are many local players who cater to the needs of their locality and compete with the other international players. Also, there are many small players in this industry who caters to the maintenance and modernization segments of this market. This report covers a detailed analysis of 10 companies which are spread across different geographies around the globe.

The objective of this report is to analyze the current scenario of the global elevators and escalators market and to project the market growth over the next 5 financial years.

The global elevators and escalators market is expected to grow at a CAGR of 4.1% by the year 2020. The global urbanization; aging population; increasing safety needs; increasing demand for environment-friendly products; are some of the key factors which will drive the growth of this industry.

This report provides product-wise, application-wise and region-wise insights on elevators and escalators around the world, growth drivers and inhibitors, key trends, profiles of key players, major challenges for new players, current and future trends and recommendations for policy makers, service providers & investors.

To know more about this newly launched market research report visit “Global Elevators & Escalators Market 2016 - 2020”

The global elevator and escalator market have been divided into 3 segments in terms of revenue which are: New Installation, Maintenance, and Modernization.

New installation market is declining due to global slowdown and expected to register marginal 2% growth rate till 2020. Maintenance market is expected to grow by CAGR 6% and Modernization market will be growing at CAGR 10% by the end of 2020.

Elevators are majorly segmented in Gearless, Geared and Machine Room Less (MRL). NOVONOUS finds that Gearless will be growing at 5%, MRL will be growing at 6% and Geared will register -2% CAGR by end of 2020.

On the other hand Escalators are divided in Moving Walkways and Moving Stairways segment which is growing by CAGR 6% and 7% respectively till 2020.

Geography wise Americas (North and South America) Elevators and Escalators Market predicted to grow at a CAGR of 4% over the next 5 years. Modernization market in North America is expected to register higher growth.

China and Rest of Asia Pacific Elevators and Escalators Market will be growing at 3% and 10% respectively. The report also reveals that modernization and maintenance market is also expected to grow in the regions of Australia and Southeast Asian market

As per NOVONOUS estimates, Europe, Middle East & Africa (EMEA) Elevators and Escalators Market grow slowly at a CAGR of 2% over the next 5 years. The residential segment grew but the office and infrastructure segment had shown reduced demand.

Spanning over 156 pages and 125 exhibits, “Global Elevators and Escalators Market 2016-2020” report presents an in-depth assessment of the Global Elevators and Escalators Market from 2016 till 2020.

The report has detailed company profiles including their position in Elevators and Escalators market value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for 10 key players in Global Elevators and Escalators Market namely; Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., Kleemann Group, Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Group, SJEC Corporation and ThyssenKrupp Elevator AG.

Scope of Global Elevators and Escalators Market 2015 – 2020 Report:

 

For more information and purchase this report please visit:

URL: http://www.marketresearchreports.com/novonous/global-elevators-and-escalators-market-2016-2020

To browse more market research reports by NOVONOUS visit:

URL: http://www.marketresearchreports.com/publisher/novonous

About Market Research Reports, Inc.

Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

About NOVONOUS

NOVONOUS helps organizations differentiate themselves, break entry barriers, track investments, develop strategies and see through corporate fog by providing business intelligence that works for their business. For more information about NOVONOUS visit: http://www.novonous.com




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