Escalator Market Research Report 2019 published By Market Research Future, provides information on Global Escalator Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Types (parallel, multi parallel, spiral type, crisscross and others) and by application (residential and commercial) – Forecast to 2021
Market Synopsis of Escalator Market
The global escalator market has seen a tremendous growth over the past decade and as per MRFR analysis, the global escalator market would retain its growth rate status during the forecast period. Rapid transformation of technology in the construction business has become one of the major reasons in the overall growth of global market. The global escalator market is mainly driven by the factors such as growing construction business, rapid urbanization, technological advancement, huge investment, high demand for security and several others. Asper analysis, Asia-Pacific is one of the leading region in terms of value and volume due to the presence of major region like China. Beside this, the high maintenance cost and installation cost could the major restraints to the market.
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The key players in the global escalator market include Dover (USA), Fujitec (Japan), Hyundai (South Korea), Kone Corporation (Finland), Mitsubishi (Japan), Omega Elevators (India), Otis (USA), Schindler (Switzerland), Sigma (Japan), and ThyssenKrupp AG (Germany).
Latest Industry News
Remodeling their Fifth Avenue flagship, Saks Fifth Avenue has installed a new glass escalator here. 4 MAR 2019
Finnish infrastructure company Kone has won the tender to supply the elevators and escalators for the underground stations of the Tel Aviv light rail Red Line in Israel. 24 FEB 2019
Mitsubishi Electric Corporation will commence operation of its “TAKUMI” Inazawa Installation Training Center for elevator and escalator installation training on 1 APR 2019. 26 FEB 2019
Market Segmentation and Regional Analysis
The global escalator market has been segmented on the basis of application, type, and lastly, region.The application-based segmentation segments this market into residential and commercial. Residential escalators are installed in residential areas whereas commercial escalators are installed in commercial areas that are the hub of business. By type, the market has been segmented into parallel, spiral type, multi-parallel, crisscross, and others.
The regional segmentation of the global escalator market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). Asia Pacific region is one of the leading regional markets among all regional markets, in terms of value as well as volume due to the presence of major country-specific markets like China. Besides this, the steady technological advancement, rapid urbanization, and growing industrialization are leading to market growth in this region. Other important country-specific markets in this region are India and Japan, followed by the remaining countries of the Asia Pacific region.
North America and Europe are two important regional markets due to technological advancement, the presence of established industries, and the presence of key market players in these regions. In North America, the vital country-specific markets are the USA and Canada. In Europe, such markets are France, Germany, Italy, the Netherlands, and the UK, followed by the remaining countries of Europe.
The RoW segment covers South America and the Middle East & Africa (MEA). In the MEA region, the market is limited due to poor countries, lack of awareness, lack of infrastructure, lack of advanced facilities, lack of skilled professionals, and lack of education. The market comprising of South America is a smaller market because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future.
Scope of Report
The report for Global Escalator Market ofMarket Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of Escalator Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the Global Escalator Market
- To provide insights about factors affecting the market growth
- To analyze the Global Escalator Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by types and applications
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Escalator Market
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