DUBLIN--(BUSINESS WIRE)--The "Singapore Elevator and Escalator Market (2017-2023): Market Forecast by Types, by Services, by Verticals and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The Singapore Elevator and Escalator Market is projected to grow at a CAGR of over 4.2% during 2017-2023.
The growth of elevator and escalator industry substantially depends upon the construction outlook of the country. Though, Singapore elevator and escalator market recorded sluggish growth over the past few years, owing to declining construction sector, especially in the residential segment. However, it is anticipated to gain significant momentum post 2018. This growth would be majorly attributed to the recovery of construction sector along with continuously rising demand for maintenance services by huge installed base of elevators and escalators in the country.
The elevator segment bagged highest revenue share in 2016, attributed to its prominence across offices, retail formats, transportation, and residential verticals. Moreover, escalator market is anticipated to exhibit higher growth during the forecast period, attributed to surging installation of escalators across shopping malls and transit systems including bus, railways, ships, & airports. Further, introduction of moving walkways through which commuters can easily carry their luggage has accelerated the adoption of escalators in the country.
Among different end user verticals, the commercial segment including corporate offices, malls, transport systems, hotels, hospitals, and others, contributed highest revenue share towards the overall elevator and escalator market in the country. The segment is anticipated to continue its dominance during the forecast period as well owing to continuous installation of escalators across the commercial buildings.
- Hitachi. Ltd
- Hyundai Elevator Co. Ltd
- KONE Corporation
- Mitsubishi Electric Corporation
- Otis Elevator Co
- ThyssenKrupp AG
Key Topics Covered:
1 Executive Summary
3 South and Southeast Asia Elevator & Escalator Market Overview
4 Singapore Elevator & Escalator Market Overview
5 Singapore Elevator & Escalator Market Dynamics
6 Singapore Elevator & Escalator Market Trends
7 Singapore Elevator Market Overview
8 Singapore Escalator Market Overview
9 Singapore Elevator & Escalator Services Market Overview
10 Singapore Elevator & Escalator Vertical Market Overview
11 Singapore Market Current and Upcoming Infrastructure Development Projects
12 Competitive Landscape
13 Company Profiles
14 Key Strategic Pointers
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