DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n9thm8/elevators_and) has announced the addition of the "Elevators and Escalators Market in Japan 2015-2019" report to their offering.
The elevator and escalator market in Japan to grow at a CAGR of 4.96% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the elevator and escalator market in Japan for the period 2015-2019. To calculate the market size, the report considers revenue generated from the domestic market, and the export of elevators and escalators manufactured in Japan. The domestic market includes revenue generated through installation, maintenance and repairs, and modernization of elevators and escalators within Japan. However, a similar breakup in terms of exports is not included in the report. The report also presents the vendor landscape, a corresponding detailed analysis of four key vendors, and a brief description about other prominent vendors operating in the market. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by vendors and the market at large, as well as key trends emerging in the market.
Energy-efficient or green elevators and escalators are becoming popular in Japan. Vendors such as Mitsubishi Electric and Hitachi are developing energy-efficient systems to ensure they meet the current energy-saving requirements with regard to both function and design. Features such as energy regeneration, automatic light shutdown in idle state, and other energy-saving technologies are in high demand in the elevator and escalator market in Japan. With rapid urbanization, companies in Japan are looking at environmentally friendly and energy-efficient elevators and escalators.
According to the report, with an increase in the aging population comes a significant rise in the demand for elevators and escalators in buildings across the country. Construction companies, developers, and builders have started installing elevators and escalators in buildings to enable easy movement of the elderly population.
Further, the report states that the prices of these materials are increasing because of the demand-supply gap, leading to a rise in manufacturing costs.
Key customer segments
- Commercial customers
- Non-commercial customers
- Mitsubishi Electric
Other prominent vendors
- Nippon Otis
For more information visit http://www.researchandmarkets.com/research/n9thm8/elevators_and