The Elevator and Escalator market was valued at USD 11.97 billion in 2019 and is expected to reach USD 18.34 billion by 2027, growing at a CAGR of 5% from 2021 to 2027.
Elevators and escalators are two unavoidable parts of human daily life. Various shopping malls and skyscrapers make elevators and escalators a staple of any building. Due to busy timetables and an aging population, escalators and elevators are required in residential apartments around the world. According to the U.S. Census Bureau, the aging population (age 65 and older) made up 8.5% of the world’s total population in 2015 alone, and is expected to increase to 12.0% in 2030.
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Following are the segments covered by the report are:
- Maintenance & Repair
- Refurbishing
- New Equipment
By Application:
- Residential
- Commercial
- Industrial
The Key manufacturers that are operating in the global Elevators and Escalators market are:
- Kone Corporation
- Otis Elevator Company
- Thyssenkrupp AG
- Schindler Group
- Hitachi, Ltd.
- Fujitec
- Toshiba Elevators and Building Systems Corporation
- Mitsubishi Electric Corporation
- SJEC Corporation
- Hyundai Elevator
- Kleeman Hellas SA
- Canny Elevator
- Shanghai Mechanical
A full report of Global Elevators and Escalators Market is available at: https://www.orionmarketreports.com/elevators-and-escalators-market/27748/
Scope of the Report
The research study analyzes the global Elevators and Escalators industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Elevators and Escalators Market Report
1. What was the Elevators and Escalators Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Elevators and Escalators Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Elevators and Escalators Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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