Lewes, DE -- (SBWIRE) -- 08/24/2015 -- Report forecast the elevator and escalator market in China to grow at a CAGR of 14.04% in terms of volume during 2014-2020.

Elevators and escalators are installed in commercial, residential, and mixed-use buildings; as well as IT parks, hotels, restaurants, and retail outlets. They help move people and goods easily and efficiently. They are also installed in parking areas to help in optimum utilization of parking space.

This report covers the present scenario and the growth prospects of the elevator and escalator market in China for 2015-2020. To calculate the market size, the report considers revenue generated from the installation of new units, and maintenance and modernization of existing elevators and escalators in China. The report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description of other prominent vendors operating in the market. It also discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

According to the report, the population of China is aging rapidly. China's aging population is expected to surpass that of Japan and become the world's most aged society by 2030. The older population in China is expected to escalate to 330 million, accounting for a quarter of the total population by 2050. This aging population will require advanced healthcare services as well as assistance, thus generating demand for elevators and escalators and driving market growth.

Key customer segments
- Commercial customers
- Non-commercial customers

Key players in the Strategic Assessment of the Elevator and Escalator Market in China: Kone, Otis, Schindler and ThyssenKrupp

The other prominent vendors are: Canny Elevator, Fujitec and Hitachi

Market driver
- Government initiatives in construction sector
- For a full, detailed list, view our report

Market challenge
- High cost of elevators and escalators
- For a full, detailed list, view our report

Market trend
- Growth of domestic vendors
- 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 66 pages "Strategic Assessment of the Elevator and Escalator Market in China 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Industry overview, Market Landscape, Elevator market in China, Escalator market in China, Elevator and escalator market in China, Market drivers, 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/strategic-assessment-elevator-and-escalator-market-china-2015-2019

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