Lewes, DE -- (SBWIRE) -- 09/08/2015 -- Report forecast the elevator and escalator market in Australia to grow at a CAGR of 4.17%, in terms of newly installed units, over the period 2014-2019.

Elevators and escalators help move people and goods easily and efficiently within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

In this report includes the present scenario and growth prospects of the elevator and escalator market in Australia for the period 2015-2019. To calculate the market size, we considered revenue generated from the installation of new elevator and escalator units in the country during the forecast period.

The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description of other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by vendors and the market at large, and highlights the key trends visible in the market.

According to the report, since the 2008 financial crisis, the government of Australia has been making efforts to support the recovery of the MNR sector, which has a direct impact on the country's economy as minerals are used in trade. With this sector stabilizing by 2012, the government shifted its focus to the construction sector. In 2014, $15 billion was allocated to infrastructure development, which included multistoried residential and commercial buildings. This will propel the growth of the elevators and escalators market during the forecast period.

Key customer segments
- Commercial customers
- Non-commercial customers

Key players in the Elevators and Escalators Market in Australia: Kone Australia, Otis Australia, Schindler Australia and, ThyssenKrupp Australia

Other Prominent Vendors in the market are: Access Elevators, Eastern Elevators, Sito Elevators and Southern Lifts

Market driver
- Recovery of construction sector
- For a full, detailed list, view our report

Market challenge
- Government restrictions
- For a full, detailed list, view our report

Market trend
- Increase in pre-fabricated construction
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 40 pages "Elevator and Escalator Market in Australia 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market description, Industry overview, Market landscape, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/elevator-and-escalator-market-australia-2015-2019

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