The newly released research at Market Study Report titled “2018-2024 Global Elevator Rental Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 11/20/2018 -- Global Elevator market report added by MarketstudyReport.com is one of the most comprehensive research studies on Elevator offering 309 data tables, 29 figures, covering 15 companies and regional outlook for 21 countries on segments covered in this report.
Based on end users, the global lift market is categorized into industrial and building & construction. Commercial, residential, and institutional are the sub categories of building & construction segment. The industrial segment will witness a CAGR of approximately 3% from 2017 to 2025 whereas the residential sector is the majority shareholder in the worldwide elevator market. This is due to the rising residential infrastructural developments in the emerging countries of Middle-East and Asia Pacific.
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Elevator Market will likely surpass USD 130 billion by 2025; according to a new research report.
Meticulously analyzed in terms of pivotal industry segments, Global Elevator market report effectively covers the scope of this space in terms By Product, By End-user and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.
The report extensively bifurcates the various contenders of Global Elevator market. Prominent contributors such as FUJITEC CO., LTD, KONE Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler, Thyssenkrupp Elevator Technology, Hitachi, Ltd, Express Lifts Limited, Escon Elevators Private Limited, Toshiba Elevator and Building Systems Corporation, Glarie Elevator Co. Ltd., Hyundai Elevator Co. Ltd., Shenyang Yuanda Intellectual Industry Group Co., Ltd, Eita Elevator (Malaysia) Sdn Bhd (Eita Resources Berhad), Orona S.C have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.
Asia Pacific holds a major share in the worldwide lift market owing to the fast growth in its construction industry. Rising demand from Asian countries like Japan, China and India is a major reason behind its key position in the worldwide elevator market. Economic development, regulatory changes, and expanding population are major reasons driving the growth of the industry. North America and Europe are other potential markets with rising demand for the product owing to rising urbanization.
The global elevator market can be segregated on the basis of product, end user, and region. Machine room and machine room-less traction, hydraulic & pneumatic, and others are the various product types available in the industry. Machine room traction acquires the major industry share and will gain by a significant rate from 2017 to 2025. This product is apt for tall buildings whereas hydraulic & pneumatic elevators are suitable for buildings with smaller heights. Machine room less traction helps in saving space and energy and are growing in popularity since the last two decades.
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Elevators are one of the major transit mediums which facilitates urban flow by transporting goods and population vertically within a building. Lifts are used in all types of buildings like commercial, residential, retail outlets, etc. Hence, advancements in the construction industry would augment the growth in global lift market. Product maintenance and service activities will also be an important factor augmenting the elevator market in forecast years.
Rising elevator service and maintenance activities in mature construction markets such North America and Europe will be a major contributor for the lift market development. North American and European region already have a mature construction industry which is employing many lifts. The repair, maintenance, and service of these existing products will positively influence the industry growth during the forecast timeframe. Rising construction activities in East and Central European countries such as Ukraine, Poland, Croatia, etc. will also favor advancements in the lift market in forecast years.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Elevator Industry Insights
Chapter 4. Elevator Market, Product By End-user
Chapter 5. Elevator Market, By End-user
Chapter 6. Elevator Market, By Region
Chapter 7. Company Profiles
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Related Report:
2018-2023 Global Elevator Consumption Market Report
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the Vietnam, and promises to fill an indispensable role in future city development. In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs. The leading players mainly are Mitsubishi Electric, Thien Nam, Thyssen Krupp, Thai Binh and Schindler Vietnam. Mitsubishi Electric is the largest player; its revenue of global market exceeds 18.15% in 2017.
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