Elevators are majorly used in airports, hospitals,
residences, hotels, offices, sports facilities, and arenas. They use advanced
routing system to work efficiently in moving the passengers at above mentioned places. IndustryARC’s latest business intelligence report
included that the global elevator market size was $143.2 billion in 2018.
Analyst of the report has estimated that it set to grow with a Compound Annual
Growth Rate (CAGR) of 2.70% throughout the foreseen period 2019-2025.
The report is titled: “Elevator Market: By Type
(Modernization, New installation & Services; By Subsystems (Controllers,
Door Equipment, Cabin Enclosures, Signaling Fixtures)); By End Users
(Residential, Commercial, industrial, Marine, Others) & By Country –
Forecast (2019 - 2025).” It provides an in-depth analysis of the elevator
market forecast, elevator market trends, elevator market growth, competitive
landscape, and strategic analysis of the global elevator market.
Elevators Market: Leading Segments
Strong spread of construction, residential and
infrastructural projects are increasing the stability of the Asian market.
Myanmar’s construction industry estimated to grow at a CAGR of 10.37% [1], to reach $13.5 billion by
2020. Vietnam construction industry has grown up by 6.3%, and 6.1% in 2017
and 2018 respectively. These factors are creating new opportunities, and also
expanding the scope of elevators in the increasing number of smart buildings.
Thus, APAC has occupied a dominating regional share of 37.40% among other
regions in the global elevators market. South East Asia is flourishing with
more number of construction and building projects which are leading to robust the
economic growth of the region.
Innovative building designs by the architects and
developers are uplifting the market of the electric lift. Owing to this demand
influx, modernization of elevator is projected to grow at a CAGR of 4% during
the aforesaid period. Elevator modernization upgrades the appearance and trip
of lift by using different processes such as basic, advanced and total
modernization that relies on space and necessity. Expert staff with exceptional
services are boosting the demand for elevator upgradation and decreasing the requirement
for new installations.
Elevators Market: Disruptive Trends
o Unique
ultramodern technologies are empowering the elevator system efficiency and lift
operation. They are reliable with additional comfort and safety to travellers.
o
Combination of modern designs and smoother rides are the optimal
choices of passengers as they avails shorter waiting times.
o A
smart elevator is an effective crowd management system with increased security
and enriched energy efficiency, which is widely used in a connected smart
building. High load bearing capacity, and ease installation features are highly
influencing the adoption of smart elevators.
o
Elevator systems are high on demand due to smart city initiatives, connected
systems, and artificial intelligence.
o Internet
connected elevators are dominating the elevator innovation which comes up with real-time
alerts. On the other hand, green elevators is also one of the trends the
elevator market is leveraging.
Elevators Market: Competitive Landscape
Otis, Schindler, Toshiba, Hitachi, Fujitec, Kone, Mitsubishi,
Johnson Electric, ThyssenKrupp, and Hyundai Elevator Co. Ltd. are some players
with major elevator market share in the global elevator market.
Talk to one of our sales representative about the full
report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18097
Related Reports:
A. Elevator & Elevator Control
Market
https://www.industryarc.com/Report/15655/elevators-elevatorcontrol-market.html
B. Lifts and Escalators Market
https://www.industryarc.com/Report/18664/lifts-and-escalators-market.html
C. Elevators Modernization Market
https://www.industryarc.com/Report/15132/elevators-modernization-market.html
D. Energy Efficient Elevators Market
https://www.industryarc.com/Report/7386/energy-efficient-elevators-market-report.html
What can you expect from the report?
The elevator
market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisitions Analysis
19. Opportunity
Analysis
10. Patent Analysis
20. Revenue
and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase the level of data in application or end
user industry.
2. Increase the number of countries in geography
chapter.
3. Find out market shares for other smaller companies
or companies which are of interest to you.
4. Company profiles can be requested based on your
interest.
5. Patent analysis, pricing, product analysis, product
benchmarking, value and supply chain analysis can be requested for a country or
end use segment.
Any other custom requirements can be discussed with
our team, drop an e-mail to [email protected]
to discuss more about our consulting services.
To request for a proposal, provide your details in the
below link:
https://www.industryarc.com/reports/request-quote?id=18097
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Email 1: [email protected]
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About IndustryARC:
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[1]https://concrete-asia.com/why-asia/