Elevator and Escalator Market in the US 2017-2021: KONE and Otis Elevator are Partnering with Technology Giants like Apple, IBM, and Microsoft to Improve Product Offerings - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Elevator and Escalator Market in the US 2017-2021" report to their offering.

The analysts forecast the elevator and escalator market in the USA to grow at a CAGR of 4.24% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the elevator and escalator market in the USA for 2017-2021. To calculate the market size, the report considers the revenue generated from various sources such as installing new units, maintenance of existing units, and modernization of existing units in the country during the forecast period. The report also includes a discussion of the Key vendors operating in this market.

One trend in market is rise of smart elevators. Smart elevators utilize different sensors to recognize the ongoing activity of various components in the lift. This data from the sensors are validated and sent to an application. The application then processes the data in real-time for various benefits. Major vendors such as KONE and Otis Elevator are partnering with technology giants that include Apple, IBM, and Microsoft to improve product offerings.

According to the report, one driver in market is stringent safety regulations. Though stricter norms could reduce damage or death, each year there are lethal mishaps that bring up the issue. After the two deadly mishaps in 2011, two areas have come in for examination, one is licensing prerequisites for elevator professionals, and the other is the safety standards that apply to more established existing lifts.

The standard followed by most service providers is American Society of Mechanical Engineers (ASME) standard A17.1 and Safety Code for Elevators and Escalators. As the regulations get more stringent, the elevators must be modernized or replaced to meet the new requirements.

Key vendors

  • FUJITEC
  • KONE
  • Mitsubishi Electric US
  • OTIS ELEVATOR
  • Schindler
  • Thyssenkrupp Elevator

Other prominent vendors

  • American Crescent Elevator
  • Bramalea Elevator
  • Cambridge Elevating
  • Delta Elevator
  • Excel Elevator & Escalator
  • Excel lifts
  • Federal Elevator
  • Garaventa Lift
  • GEDA USA Elevator and Material Lift Company
  • Gillespie
  • Hidral USA
  • Inclinator Company of America
  • Matot
  • Mowrey Elevator Company
  • Nationwide Lifts
  • PFlow Industries
  • Phoenix Modular Elevator
  • Pneumatic Vacuum Elevators
  • Premier Elevator
  • Savaria
  • Schumacher Elevator Company
  • Symmetry Elevating Solutions
  • Vertechs Elevator Ontario
  • Waupaca Elevator Company

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Market segmentation by service

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/9wvtpn/elevator_and

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Elevators and Escalators

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Elevators and Escalators