Elevator & Escalator Market to Surpass $ 100 Billion Milestone by 2024
Growing investments in construction
and infrastructure projects, increasing number of high-rise buildings and
rising consumer focus on modernization to fuel global elevator
& escalator market through 2024
According to TechSci Research report, “Global Elevator
& Escalator Market By Type, By Service, By Elevator Technology, By
End-User, By Elevator Door Type, By Region, Competition Forecast &
Opportunities, 2014 - 2024’’, the global elevator & escalator
market is projected to cross $ 100 billion by 2024, on account of growing demand for high speed and machine
room less elevators. Improving after sales services, proactive maintenance
& modernization of equipment and use of UltraRope elevator technology for
high-rise buildings are expected to positively influence the global elevator & escalator market in the
coming years. Moreover, growing competition with increasing number
of partnerships and mergers & acquisitions is likely to fuel global elevator & escalator market, which
is led by companies such as United Technologies Corporation, Schindler Holding
Ltd. and KONE Corporation.
Browse 77 market data Tables and 455
Figures spread through 414 Pages and
an in-depth TOC on " Global Elevator & Escalator Market "
https://www.techsciresearch.com/report/global-elevators-and-escalators-market/2461.html
Global
elevator & escalator market is dominated by elevators, as they are majorly used in
the residential sector. In terms of service, maintenance and repair service
segment accounts for the largest market share, owing to large installed base of
elevators & escalators across the world. Asia-Pacific dominated the market
in 2018 and is expected to maintain its market dominance during the forecast
period, backed by the presence of major economies such as China, Japan, India and
South Korea. Traction & Machine room less traction is the widely used elevator
technology, globally, owing to its better safety features, low maintenance cost
and high energy efficiency compared to other technologies.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2461
Customers can also request for 10% free customization on this report.
“Increasing
Infrastructure developments across major developed as well as developing
countries coupled with an increasing number of multi-storey commercial and
residential buildings across the globe are boosting demand for elevators and
escalators, globally. Moreover, growing construction activities, rising
urbanization, technological advancements such as energy-saving regenerative
drives, and strengthening after sales service have also been positively
influencing the market. Continuance of such upward trend in infrastructure and
construction activities across the globe is expected to drive the global
elevator and escalator market in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Elevator & Escalator Market By Type, By Service, By Elevator Technology, By
End-User, By Elevator Door Type, By Region, Competition Forecast &
Opportunities, 2014 - 2024” has
evaluated the future growth potential of global elevator & escalator market
and provides statistics and information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global
elevator & escalator market.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]