Unveiling the Future: Elevator and Escalator Market to USD 116 Billion Value in 2023 Forecast by 2030, Featuring a CAGR

commentaires · 28 Vues

The Global Elevator and Escalator Market size is valued at around USD 116 Billion in 2023 and is projected to grow at a CAGR of around 7.1% during 2024-30.

Market Overview: Global Elevator and Escalator Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Elevator and Escalator Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Elevator and Escalator Market Insights 2024-30

The Global Elevator and Escalator Market size is valued at around USD 116 Billion in 2023 and is projected to grow at a CAGR of around 7.1% during the forecast period, i.e., 2024-30.

Access the Comprehensive PDF Sample Here - ​​​​ https://www.marknteladvisors.com/query/request-sample/elevator-and-escalator-market.html

Top Players in the Elevator and Escalator Market:

  • Canny Elevator Company Ltd.
  • Fujitec Co Ltd
  • Hitachi, Ltd.
  • Hyundai Elevator Co., Ltd.
  • Kone Oyj
  • Mitsubishi Electric Corporation
  • Orona S.Coop.
  • Otis Worldwide Corporation
  • Schindler Holding Ltd.
  • ThyssenKrupp Elevator AG
  • Toshiba Elevator and Building Systems Corporation
  • Others

Segmentation Analysis of Elevator and Escalator Market

Elevator and Escalator Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Type

  • Elevator
  • Escalator

Between the two, the Escalator segment is expected to grow substantially and emerge as the fastest-growing category in the market during the forecast period. It owes principally to the higher installation rate witnessed by the escalators, especially in the Middle East and Asian countries, owing to the higher infrastructural development, such as aerospace, entertainment, etc., in the past few years. Another factor driving the demand for escalators is the swift inclination of facility owners toward installing efficient elevators entwined with the growing awareness regarding the benefits of these varieties, including less energy consumption, smoother rides, high speeds, & the capability to serve high-rise buildings like skyscrapers. Moreover, their long vertical distance traveling abilities make them the suitable for mid-rise, high-rise, & even ultra-high-rise buildings. Backed by such aspects, the installation of elevators particularly, traction is expanding and positively influencing the industry altogether.

Read Full Report -  https://www.marknteladvisors.com/research-library/elevator-and-escalator-market.html

-By Product

  • Video-Only Doorbells- Market Size & Forecast 2019-2030, USD Million
  • Video and Audio Doorbells- Market Size & Forecast 2019-2030, USD Million
  • Doorbell Cameras with Intercom Systems- Market Size & Forecast 2019-2030, USD Million
  • Elevator and Escalators with Keypads- Market Size & Forecast 2019-2030, USD Million

-By Service

  • New Installation
  • Modernization
  • Maintenance

-By End User

  • Residential
  • Commercial
  • Retail
  • Health Care
  • Hospitality
  • Government & Transportation
  • Others

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia Pacific region acquired a significant share of the escalators and elevators market in the historical period, with China and India holding prominent shares. It owes principally to the ongoing expansive policies and several initiatives the governments have laid down to encourage the modernization and urbanization of states across the region. With countries like India making a substantial shift from being an agrarian economy to an IT-based industrial and commercial hub with the government's thrust on 'Digital India' and 'Make in India' policies, the need for more advanced and technically equipped buildings has been on the rise. In fact, according to United Nations, India is likely to witness a massive urban population surge between 2015 and 2030, adding around 164 million people to its urban base.

Request Customization - https://www.marknteladvisors.com/query/request-customization/elevator-and-escalator-market.html

Why Choose Us?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 7.10+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

More Reports:

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 17.1 diverse industrial verticals.

Media Representative 

Company Name: MarkNtel Advisors 

Email:sales@marknteladvisors.com 

Phone: +1 628 895 8081, +91 120 4278433

 

commentaires