Global Elevator and Escalator Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global elevator & escalator (E&E) market is anticipated to reach US$142.2 billion in 2024, experiencing growth at a CAGR of 7% during the period spanning 2020-2024. The growth in the elevator & escalator market is driven by various factors such as increasing urbanization, surging aged population, rising construction expenditure and increasing gross domestic product. The market is expected to face certain challenges like high price of installation and lack of skilled workforce. The global E&E market is predicted to experience certain trends such as high demand energy efficient elevators and verticalization of cities.

The global E&E market can be segmented as follows: maintenance, new installation and modernization. In 2019, the highest share of the market was held by maintenance, followed by new installation and modernization segment. The market by technology type can be segmented into the following: machine room-less, hydraulic and traction. In 2019, the dominant share of the market was held by machine room-less technology, which was followed by hydraulic and traction. The global E&E market by application can be segmented as follows: commercial, institutional and residential. The highest share of the market in 2019 was held by commercial, followed by institutional segment.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-58845
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Elevator and Escalator Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

The global smart elevator market can be segmented as follows: modernization, new installation and maintenance. In 2019, the dominant share of the market was held by modernization, followed by new installation and maintenance segment. The global smart elevator market by end users can be segmented as follows: commercial, residential, institutional and industrial. The dominant share of the market was held by commercial segment, followed by residential, institutional and industrial segment in 2019.

In 2019, the dominant share of the elevator & escalator (E&E) market was held by Asia Pacific, which was followed by EMEA and Americas. Asia Pacific market is expected to dominate the market in future accruing to rising public expenditure on infrastructural development in developing countries such as Indonesia, India, China, and Philippines that would increase construction activities in the region.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-58845
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Elevator and Escalator Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

Scope of the report:
• The report provides a comprehensive analysis of the global E&E market with potential impact of COVID-19.
• The major regional markets Asia Pacific, EMEA and Americas with focus on countries like India, China, Japan & Korea, Spain and the US have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (United Technologies Corp (Otis), KONE Oyj, ThyssenKrupp AG, Schindler Holding AG, Mitsubishi Electric & Hitachi) are also presented in detail.

Key Target Audience:
• Elevator & Escalator Manufacturers
• Raw Material/Component Providers
• End Users (Businesses/Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities

TABLE OF CONTENT

1. Overview

1.1 Elevators & Escalators
1.2 Life Cycle of Elevators & Escalators
1.3 Supply Chain
1.4 Value Chain

2. Impact of COVID-19

2.1 Impact on Global Economy
2.2 US Construction Activity
2.3 Change in Organic Traffic
2.4 Decline in Global GDP Growth
2.5 Disruption of Supply Chain
2.6 Decline in Industrial Production
2.7 Declining Trade Volume

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

Related Reports

Global Machine Tools (Metal Cutting and Metal Forming) Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Global OCTG (Oil Country Tubular Goods) Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Global Copper Foil (Electrodeposited and Rolled) Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Global Jack-up Rig Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2020(Trending Report)
Global Machine Vision Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2020(Trending Report)
Global Power Lawn Mower Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Dyestuff Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Global Refractories Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2023(Trending Report)
Global Steel Industry Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)
Global Crude Tanker Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2020(Trending Report)

Related posts

Leave a Comment