Australia Escalators and Elevators Market By Type (Elevator, Escalator & Moving Walkways), By Service (Maintenance & Repair, New Installation, Modernization), By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction ), By Type of Elevator Door (Automatic & Manual), By End User (Residential, Commercial, Infrastructural, Institutional and Others), By Region, Competition, Forecast & Opportunities, 2016-2026F

Australia Escalators and Elevators Market is expected to reach USD1598.74 million by 2026 and is forecast to grow at a CAGR of over 4.95% until 2026. Growth in Australia Escalators and Elevators Market is driven by their widespread usage in residential commercial and industrial areas, including shopping malls, railway and metro stations, hotels, airports, public buildings, high-rise apartments, etc. In addition to this, increase in construction activities and high-class infrastructure have increased the demand for escalators and elevators in Australia. The market has been primarily influenced by rapid urbanization, substantial evolution of architecture, increased government initiatives in construction sector and updated government standards for smart infrastructure.

Based on type, the market can be segmented into Elevator, Escalator and Moving Walkways. The Elevator Segment dominated the market in 2020 due to the low cost of these elevators and their design with beautiful interior decoration and comprehensive safety measures. Based on Service, the market is split into New Installation, Maintenance and Repair & Modernization. The Maintenance & Repair segment dominated the Australia Escalators and Elevators Market in 2020 as the cost of repair for an equipment is comparatively less than the value of that equipment.

Based on Type of Elevator Door, the Australia Escalators and Elevators Market can be segmented into Automatic and Manual. The Automatic segment is expected to lead the market as these elevators and escalators are carefully designed to ensure safety and are an easy access to everyone and are not restricted by installation site and space. Moreover, they are suitable for installation in indoor and outdoor, offices, buildings, stores, exhibition halls and various other places.

Based on End User, the market can be segmented into residential, commercial, infrastructural, institutional. The residential segment is expected to lead the market due to increasing modernization and surge in infrastructure projects. Based on Elevator Technology, the market can be segmented into Traction, Machine Room-Less Traction and Hydraulic. Out of these, the traction segment precedes the market as the traction elevators are used as a counterbalance to compensate the weight of the cab and occupants. With this design, the motor does not have to move as much weight, making it much more energy efficient than hydraulic systems.

Some of the major players in the Australia Escalators and Elevators Market include Kone Elevators Pty Limited, Schindler Lifts Australia Pty Limited, TK Elevator Australia Pty Ltd, Otis Elevator Company Pty Ltd, Hitachi Australia Pty Ltd, Brilliant Lifts Australia Pty Ltd, Shotton Lifts Pty Ltd, Fuji Elevators Australia Pty Ltd, Orbitz Elevators Pty Ltd, IFE Elevators (Australia) Pty Ltd Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021E

Forecast Period: 2022F-2026F.

Objective of the Study:

• To analyze the historical growth in the market size of Australia Escalators and Elevators Market from 2016 to 2020.
• To estimate and forecast the market size of the Australia Escalators and Elevators Market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast Australia Escalators and Elevators Market based on type, service, elevator door, elevator technology, end user and region.
• To identify the dominant region or segment in the Australia Escalators and Elevators Market.
• To identify drivers and challenges for Australia Escalators and Elevators Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia Escalators and Elevators Market.
• To identify and analyze the profile of leading players operating in the Australia Escalators and Elevators Market.

·         To identify key sustainable strategies adopted by market players in the Australia Escalators and Elevators Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. 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 was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Australia Escalators and 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:

• Elevators and Escalators manufacturers, distributors and other stakeholders
• Maintenance and repair companies

·         Organizations, forums and alliances related to elevators and escalators.

·         Government bodies such as regulating authorities and policy makers.

·         Market research and consulting firms

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

Report Scope:

In this report, the Australia Escalators and Elevators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Australia Escalators and Elevators Market, By Type:
• Elevator
• Escalator
• Moving Walkways
• Australia Escalators and Elevators Market, By Service:
• Maintenance & Repair
• New Installation
• Modernization
• Australia Escalators and Elevators Market, By Elevator Technology:
• Traction
• Hydraulic
• Machine Room-Less Traction
• Australia Escalators and Elevators Market, By Type of Elevator Door:
• Automatic
• Manual
• Australia Escalators and Elevators Market, By End User:
• Residential
• Commercial
• Infrastructural
• Institutional
• Others
• Australia Escalators and Elevators Market, By Region:
• New South Wales
• Victoria
• Queensland
• Western Australia
• South Australia
• Tasmania
• Northern Territory

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Australia Escalators and 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).