Australia escalators & elevators market is anticipated to grow at a CAGR of around 4% during the forecast period. While the global escalator and elevator market was valued over $ 77 billion in 2017 and is expected to surpass over $ 100 billion by 2023. The growth of Australia escalators & elevators market is backed by introduction of technologically advanced elevators and growing urbanization in the country. Additionally, the demand for cost-effective elevators is increasing which is compelling manufacturers to introduce advanced products in the market, thereby further propelling growth in the market. However, high cost related to the compliance and stringent regulations can act as challenge for the growth of the market.

Australia escalators & elevators market can be segmented based on service, elevator technology, type of door, weight, end user and regional analysis. On the basis of service, the market can be segmented into new installation, modernization and maintenance & repair. New installation is the major segment in Australia escalators & elevators market due to growing demand from the residential and commercial construction. While, maintenance & repair segment is also expected to register positive growth on account of periodic maintenance and repair of existing structures. On the basis of elevator technology, the market can be segregated into traction, hydraulic and machine room-less traction. Machine room-less traction segment is poised to grow at high rate over the next five years as the technology is more efficient when compared with its counterparts and offers smooth ride to the passenger.

Major players operating in Australia escalators & elevators market include Kone Elevators Pty. Limited, Schindler Lifts Australia Pty Limited, ThyssenKrupp Industrial Solutions (Australia) Pty. Ltd, United Technologies Australia Holdings Ltd., Mitsubishi Electric Australia Pty Limited, Hitachi Australia Pty Ltd, Fuji Elevators Australia Pty. Ltd., Brilliant Lifts Australia Pty Ltd, Orbitz Elevators Pty Ltd, Shotton Lifts, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

• To analyze and forecast the market size of Australia escalators & elevators market.
• To classify and forecast Australia escalators & elevators market based on service, elevator technology, type of door, weight, end user and regional distribution.
• To identify drivers and challenges for Australia escalators & elevators market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia escalators & elevators market.
• To conduct pricing analysis for Australia escalators & elevators market.
• To identify and analyze the profile of leading players operating in the Australia escalators & elevators market.

Click here to download the brochure 

Some of the leading players in the Australia escalators & elevators market include Kone Elevators Pty. Limited, Schindler Lifts Australia Pty Limited, ThyssenKrupp Industrial Solutions (Australia) Pty. Ltd, United Technologies Australia Holdings Ltd., Mitsubishi Electric Australia Pty Limited, Hitachi Australia Pty Ltd, Fuji Elevators Australia Pty. Ltd., Brilliant Lifts Australia Pty Ltd, Orbitz Elevators Pty Ltd, Shotton Lifts, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated the market size of Australia escalators & elevators market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Escalators & elevators manufacturers and suppliers
• Research organizations and consulting companies
• Trade Associations, organizations, forums and alliances related to escalators & elevators
• Government bodies such as regulating authorities and policy makers
• Industry associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Australia escalators & elevators market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Service:
• Maintenance & Repair
• New Installation
• Modernization
• Market, by Elevator Technology:
• Traction
• Hydraulic
• Machine Room-Less Traction
• Market, by Type of Door:
• Automatic
• Manual
• Market, by Weight:
• Up to 350Kg
• 351-550Kg
• 551-750Kg
• 751-1150Kg
• More than 1150Kg
• Market, by End User:
• Residential
• Commercial
• Institutional
• Infrastructural
• Others
• Market, by Region:
• New South Wales
• Northern Territory
• Queensland
• South Australia
• Tasmania
• Victoria
• Western Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia escalators & elevators market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com