Lewes, DE -- (SBWIRE) -- 03/25/2015 -- Report forecast the Elevator and Escalator market in Japan to grow at a CAGR of 4.73 percent over the period 2013-2018.

Elevators and escalators are used 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. They are also installed in public places to improve vehicle parking management.

According to the report, steady growth of the elevator and escalator equipment maintenance business is one of the key factors propelling market growth. This is driving the growth of the market in Japan as there is an imminent rise in the revenue generated from the maintenance and repair of elevators and escalators, which contributes directly to the market on the whole.

Further, the report states that high cost of elevators and escalators is one of the key challenges in the market. The price of elevators and escalators has increased because of advances in technology. a result of the high manufacturing costs, the profit margin of the vendors also reduces.

This report covers the present scenario and the growth prospects of the Elevator and Escalator market in Japan for the period 2014-2018. To calculate the market size, the report considers the revenue generated from the domestic market and exports of elevators and elevators in Japan. The domestic market constitutes installation, maintenance and repairs, and modernization of elevators and escalators within Japan. However, a similar break-up for exports is not included in the report. In addition, the report discusses the major drivers that influence the growth of the Elevator and Escalator market in Japan. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

key players in the Elevator and Escalator Market in Japan: Fujitec Co. Ltd., Hitachi Ltd., Mitsubishi Electric Corp. and Toshiba Corp.

Other Prominent Vendors in the market are: KONE, Otis Elevator Company, Schindler Group and ThyssenKrupp.

Market Driver
- Aging Population
- For a full, detailed list, view our report

Market Challenge
- Increased Competition among Vendors
- For a full, detailed list, view our report

Market Trend
- Introduction of High-speed Elevators
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2018 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 74 pages and 31 Exhibits "Elevator and Escalator Market in Japan 2014-2018" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Industry Overview, Global Elevator and Escalator Market Overview, Country Overview: Japan, Elevator and Escalator Market in Japan, Elevator and Escalator Market in Japan: Segmentation by Revenue, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/elevator-and-escalator-market-japan-2014-2018

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