Dallas, TX -- (SBWIRE) -- 01/23/2012 -- Global demand for elevator equipment and services is forecast to rise more than six percent per year through 2015 to $90 billion. Gains will benefit from recovery in depressed markets in much of the developed world that witnessed a recession in 2009 and 2010. Even stronger gains will be prevented by a deceleration in average elevator price growth. Unit sales of passenger and freight elevators are projected to expand 7.5 percent annually to 920,000 units in 2015.

Energy-efficient, in-home, MRL elevators to see gains
Energy efficient elevators will see strong sales growth through 2015. In-home elevator sales will also see healthy gains due to a rising elderly population in the developed world. Machine room-less MRL) elevators will continue to increase their penetration of the global elevator market through 2015.

China to expand position as largest elevator market
China will expand its position as the world's largest national elevator market, with domestic demand growing over eleven percent per year through 2015. The country will add over 90 million new urban residents by 2015, and elevator demand tends to be heavily concentrated in urban centers. India will also see strong growth, with its urban population expected to increase by 45 million people by 2015. China will also maintain its position as the world's largest escalator market. The country is expected to continue to see major expansion in its public transportation infrastructure, with plans on adding well over 50 new airports by 2015.

Growth in US demand for elevator equipment and services will outpace the world average through 2015, but gains will be coming off a very weak base due to the country's 2008 and 2009 recession. Demand growth in Japan and Western Europe will lag the world average through 2015, although the Japanese market will post significant recovery from the performance of the 2005 to 2010 period.

Visit http://www.reportsnreports.com/reports/142542-world-elevators-to-2015.html for comprehensive table of contents, request a sample and more. Contact sales@reportsandreports.com to order your copy of the report.