Germany Elevator & Escalator Market to be Valued over USD 7 Billion by 2026
Increasing construction of high-rise buildings and demand
for energy-efficient products are some major factors driving the growth of Germany
elevator & escalator market.
According to TechSci Research report, “Germany
Elevator & Escalator Market By Type (Elevator,
Escalator and Moving Walkways), By Service (Maintenance & Repair, New
Installation and Modernization), By Elevator Technology (Traction, Hydraulic
and Machine Room-Less Traction), By Elevator Door Type (Automatic and Manual),
By End User (Residential, Commercial, Institutional, Infrastructural and
Others), By Region, Forecast & Opportunities, 2016- 2026”, Germany
elevator & escalator market was valued USD 5.94 Billion in 2019 and is expected
to grow at impressive rate through 2026. Increasing construction of high-rise
buildings, growing adoption of energy-efficient or green elevators & escalators
and increasing investment by government on infrastructural development are some
major factors driving the growth of Germany elevator & escalator market.
Furthermore, the country is witnessing construction of high-rise technology
powered buildings is also segmenting the elevator & escalator market
growth. Apart from that, growing adoption of technologically advanced elevators
and increasing research and development activities by manufactures are also
likely to propel the Germany elevator & escalator market growth during the
forecast period.
Furthermore, Germany is looking out for smart and innovative building
solutions due to large presence of ageing population and to innovatively
accommodate its growing population and influx of refugees in the country. This
is acting as a key growth driver for elevator & escalator market. In
addition to this, booming construction sector and increasing capital inflow in
real-estate sector are expected to be propel the Germany elevator &
escalator market growth in next five years.
Browse xx market data Figures and Tables
spread through xx Pages and an in-depth TOC on "Germany Elevator & Escalator
Market"
https://www.techsciresearch.com/report/germany-elevator-and-escalator-market/7445.html
Germany elevator & escalator market is segmented based on type,
service, elevator technology, elevator door, end user and region. Based on
type, the market is segmented into elevators, escalators and moving walkways. Among
them, in 2019, elevators accounted for 92.05% market share in terms of value
and is further expected to dominate the Germany elevator & escalator market
during the forecast period. The reasons can be attributed to increasing
installation of technologically advanced elevators in old as well as new
residential and commercial buildings in the country.
Based on service, Germany elevator & escalator market can be split
into maintenance & repair, new installation and modernization. Among them, in
2019, the maintenance & repair and modernization segment together accounted
for 77.45% market share, in terms of value
owing to the increasing replacement of old elevators & escalators
with energy-efficient advanced ones. The segment is further expected to
maintain its dominance during the forecast period and is likely to hold 78.34%
market share by 2026.
Leading market players in Germany elevator & escalator market are KONE
Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding
Ltd., Fujitec Company Limited and thyssenkrupp AG. Manufacturers are focusing
on introducing advanced material for ropes used in elevators that will help in
less energy consumption. Moreover, they are also investing on new product
launches and compact designs which can fit in really small places. Market
players are also undergoing inorganic growth strategies such as mergers &
acquisitions of domestic players or small companies, partnerships and
collaborations.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7445
Customers can also
request for 10% free customization on this report.
“Germany is one of the largest economies in Euro zone and the majority
of population have high-standard of living. Regulations pertaining to the
maintenance of old vertical transportation in Germany coupled with construction
of high speed rail network connecting major cities are contributing to the
surging market share of elevator and escalator market. ,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Germany
Elevator & Escalator Market By Type (Elevator, Escalator and Moving
Walkways), By Service (Maintenance & Repair, New Installation and
Modernization), By Elevator Technology (Traction, Hydraulic and Machine
Room-Less Traction), By Elevator Door Type (Automatic and Manual), By End User
(Residential, Commercial, Institutional, Infrastructural and Others), By
Region, Forecast & Opportunities, 2016- 2026” has analyzed the potential of Germany elevator
& escalator market, and provides information and statistics on market
structure, size and trends. The report is designed to provide the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. The report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by Germany 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]
Web:
https://www.techsciresearch.com/