Elevator and Escalator Market is projected to reach 36100 Million US$ by 2025

Market-Research
Elevator and Escalator Market

This report presents the worldwide Elevator and Escalator market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

 

 

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An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.

In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.

The Elevators and Escalators market is very concerted market; the revenue of top ten manufacturers accounts about 83% of the total revenue in 2017.

The leading manufactures mainly are Otis, Schindler, ThyssenKrupp, Kone and Mitsubishi Electric. Otis is the largest manufacturer; its revenue of global market exceeds 16.3% in 2017. The next is Schindler and ThyssenKrupp.

There are mainly three type product of Elevators and Escalators market: Elevator, Escalator and Moving Walkway.

Geographically, the global Elevators and Escalators market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and RoW. China held the largest share in the global market, its revenue of global market exceeds 66.82% in 2017. The next is Europe.

 

The Elevator and Escalator market was valued at 34000 Million US$ in 2017 and is projected to reach 36100 Million US$ by 2025, at a CAGR of 0.8% during the forecast period.

 

In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Elevator and Escalator.

 

The following manufacturers are covered in this report:

 

  • Otis
  • Schindler Group
  • ThyssenKrupp
  • Kone
  • Mitsubishi Electric
  • Toshiba
  • Hitachi
  • Fujitec
  • Hyundai
  • To Get Topmost manufacturers, Please Visit @ https://bit.ly/2QmInNY

 

Elevator and Escalator Breakdown Data by Type

 

  • Elevator (Vertical)
  • Escalator
  • Moving Walkway

 

 

Elevator and Escalator Breakdown Data by Application

 

  • Residential Area
  • Commercial Office
  • Transportation Hub Area
  • Industrial Area

 

Elevator and Escalator Production by Region

 

  • United States
  • Europe
  • China
  • Japan
  • Other Regions

 

 

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