Global Elevators and Escalators Market Analysis, Trends, and Forecasts to 2025: US Set to Maintain 3.6% Growth Momentum - ResearchAndMarkets.com

DUBLIN--()--The "Elevators and Escalators - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The elevators and escalators market worldwide is projected to grow by US$24.6 Billion, driven by a compounded growth of 4.6%. Elevators and Escalators, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$91.2 Billion by the year 2025, Elevators and Escalators will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$870.5 Million to the region's size and clout in the next 5 to 6 years. Over US$711.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Elevators and Escalators will reach a market size of US$5.4 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.3% over the next couple of years and add approximately US$7.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

Competitors identified in this market include, among others,

  • Canny Elevator Co., Ltd.
  • Fujitec Co., Ltd.
  • Hitachi Ltd.
  • Hyundai Elevators Co., Ltd.
  • Johnson Lifts Private Limited
  • Kleemann Hellas S.A.
  • KONE Oyj
  • Mitsubishi Electric Corporation
  • Shanghai Mitsubishi Elevator Co., Ltd.
  • Otis Elevator Company
  • Savaria Corporation
  • Schindler Group
  • SJEC Corporation
  • ThyssenKrupp Elevator AG
  • Toshiba Elevator and Building Systems Corporation
  • Yungtay Engineering Co. Ltd.

Key Topics Covered:

I. Introduction, Methodology & Report Scope

II. Executive Summary

III. Market Analysis

IV. Competition

For more information about this report visit https://www.researchandmarkets.com/r/7txaj6

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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