Poland Elevator Market to Register a CAGR of 6.08% during the forecast period 2024-2028
According
to TechSci Research report, Poland
Elevator Market - By Region, Competition Forecast
& Opportunities, 2018-2028”, the Poland Elevator market is expected to maintain a high
CAGR during the upcoming years owing to growing investments in construction
projects leading to a growth in number of high-rise buildings as a result of
urbanization and upgrading the existing elevator system leading.
An elevator
or platform is used to move people or goods from one level of a building to
another. Most modern elevators have features such as emergency call buttons,
computerized voice notifications for floor arrivals and door closures, and
voice recognition systems for easy access for the visually impaired. Equipped
with convenient functions. Moreover, there are also directional lanterns and
LED/LCD floor displays inside and outside the carrier for a seamless,
passenger-controlled experience.
Increasing investment in the construction industry such as construction
of skyscrapers and other high-rise buildings are some of the major factors
driving the Poland
Elevator Market. The construction sector in Poland is experiencing strong
growth, leading to huge demand for elevators in the country. Elevators are
being used more and more in different industries such as power plants,
refineries, cement plants, steel mills and mining. For example, a proposal to
expand the car factory in Niepolomice cost $122 million. The project involves
expanding the production facility on 13 hectares of land in the Province of
Lesser Poland. Work is scheduled to begin in 2022 and be completed in 2023. The
project envisions expanding the current factory to increase production
capacity. Moreover, the construction sector is growing much faster with
increasing investment in residential and commercial buildings, which has a
positive impact on the construction sector at the national level. This creates
a market opportunity for manufacturers of elevators in Poland.
Browse
over 69 market data Figures spread through 136 Pages and an in-depth TOC on the
" Poland Elevator Market "
Based
on type, the Poland Elevator Market
is further segmented into traction and hydraulic. The Poland Elevator Market by
Type is dominated by the Traction
category in 2022, with a market share of 83.69%. The construction of high-rise
residential buildings and new business centers is increasing, necessitating
faster vertical transportation. Traction elevators are faster than hydraulic
elevators. In addition to being energy efficient, traction elevators typically
use gearless permanent magnet motors that provide efficiency and power in a
compact size and use counterweights to balance the weight of the occupants. In
addition, the traction elevator ride is quieter and more comfortable than other
types of elevator technology.
Besides being more energy efficient, traction elevators
travel faster than hydraulic elevators. Therefore, players involved in the
Polish elevator market are advised to focus on traction elevators to improve
their sales and strengthen their position in the Polish elevator market. Based on End-User, the Poland Elevator Market
is segmented into Residential, Commercial, Institutional, Infrastructural and
Others. The Poland Elevator Market
by rating is dominated by the residential category in 2022, with a market share
of 47.26%. Increased urbanization and population growth, as well as growth in
the real estate sector across the country, largely due to increased investment
from governments and foreign companies, are expected to lead to rapid expansion
of the residential sector in the coming years. In 2020, the number of
apartments put into service in Poland reached a new high of almost 220,000, a
year-on-year increase of 6.7%. Due to this increase in the number of new homes,
the Polish elevator market is expected to register a high CAGR during the
forecast period. To revitalize the housing market, the Polish government has
introduced several incentives to boost the affordable housing segment. Market
participants are therefore advised to focus on installing new elevators in the
residential sector in order to remain competitive in the Polish elevator
market.
Key market players in the Poland Elevator
Market: -
- Kone Sp. z o. o
- OTIS Poland
- Schindler Poland Sp. z o.o
- Lift Service SA
- Thyssenkrupp Elevator Sp. z o.o
- Lift-Malko Sp. J.
- Elwiko Sp. z o. o
- Intec Poland Sp. z o.o. sp. k.
- Omi Lifts & Escalators Sp. z o.o.
sp.k.
- Cibes Lift
Group AB
Download Free Sample Report
Customers can also
request 10% free customization on this report.
"Poland Elevator Market is
expected to maintain a high CAGR during the forecast period owing to factors
such as growing number of high-rise buildings due to increase in investment
from government and foreign players in the real estate sector. The country saw
an increase of 6.7% in the number of apartments during the year 2020. Polish
Government is providing several incentives in order to boost the affordable
housing segment, thus creating a catalyst for the elevator market in the
country," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Poland
Elevator Market By Type (Traction and Hydraulic), By Service (Modernization and
Maintenance & Repair, New Installation), By End-User (Residential,
Commercial, Institutional, Infrastructural and Others), By Speed (<200 fpm,
200-500 fpm, >500 fpm), By Weight (>3000 lbs, 3000-4000 lbs, 4000-5000
lbs, <5000 lbs), By Height (<20 floors, 20-50 floors, >50 floors), By
Price Range (Low, Medium & High),
By Region,
Competition Forecast & Opportunities, 2018-2028 has evaluated the future growth
potential of Poland Elevator Market and provides statistics &
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 Poland Elevator Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656