Albany, NY -- (SBWIRE) -- 11/26/2015 -- Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others. They are also installed in public places to improve vehicle parking management.

Market analysts forecast the global elevator and escalator market to grow at a CAGR of 12.23%, in terms of new installed units over the period 2014-2019.

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Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global elevator and escalator market for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the world during the forecast period. The report presents a detailed forecast for China, EMEA, Rest of APAC, South America, and North America. Also, the report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors.

Key customer segments
Commercial customers
Non-commercial customers

Key vendors
KONE
Otis
Schindler
ThyssenKrupp

Other prominent vendors
Fujitec
Hyundai Elevator
Mitsubishi Electric
Toshiba Elevator

Market driver
Vertical growth in the global construction market
For a full, detailed list, view our report

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Market challenge
High cost of manufacturing and installation
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Market trend
Increased adoption of energy-efficient elevators and escalators
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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

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