DUBLIN--(BUSINESS WIRE)--The "Romania Elevator & Escalator Market (2018-2024): Market Forecast by Segments, by Services, by Verticals, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Growing construction industry on account of strengthening commercial, hospitality and residential sectors in recent years have fuelled the demand for elevators and escalators in Romania. Further, increasing government spending on infrastructure development has resulted in surge in deployment of elevators and escalators in the country.
The elevator segment captured major share in the overall elevators & escalators market In Romania, wherein majority of the market installations were witnessed in residential and commercial sectors. However, escalator segment is projected to grow at a higher CAGR during 2018-2024, primarily due to growing installations across airports, metros, and railway development projects in the country.
According to this research, Romania Elevator & Escalator Market is expected to grow at a CAGR of 6.3% during 2018-2024.
High growth is expected during the forecast period owing to increase in FDI in the country. FDI and funds by European Union has made Romania the second fastest growing economy in the European Union and resulted in growth of infrastructural development projects in the country, leading to surge in demand for elevators and escalators.
Amongst all the elevators segments, machine room elevators sub segment acquired the highest revenue share of the market due to high installation in mid-rise buildings, as it is less expensive and easy to install.
The report thoroughly covers the market by elevators and escalators types, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
- Kleemann Lift RO
- Kone Corporation
- OTIS Europe S.A
- Schindler Management
- ThyssenKrupp Elevators
Key Topics Covered
1 Executive Summary
3 Global Elevator & Escalator Market Overview
4 Romania Elevator & Escalator Market Overview
5 Romania Elevator & Escalator Market Dynamics
6 Romania Elevator & Escalator Market Trends
7 Romania Elevator Market Overview
8 Romania Escalator Market Overview
9 Romania Elevator & Escalator Services Market Overview
10 Romania Elevator & Escalator Vertical Market Overview
11 Romania Elevator & Escalator Market Current and Upcoming High Rise Building Projects
12 Romania Elevator & Escalator Regional Market Overview
13 Competitive Landscape
14 Company Profiles
15 Key Strategic Pointers
For more information about this report visit https://www.researchandmarkets.com/research/892n5x/romania_elevator?w=4