Press Releases
 
Elevators and Escalators Market by Scope, Growth Prospective, Application & Forecast by 2024

, 20 May 2019 -- Elevators are used to move people and goods between different levels or floors in any building. Escalator on the other hand is a moving staircase, consisting of a circulating belt of steps which conveys people between floors in a public building.

The demand for elevators and escalators is also expected to up surge in the Middle-East during the forecast period. The market for maintenance and modernization of elevators and escalators in the developed countries is expected to surge, due to their ageing infrastructure and requirement for up-gradation. Several European countries have adopted strict safety and modernization standard, which is expected to boost the market for maintenance and modernization of elevators and escalators.

Browse a overview of this report @ https://www.psmarketresearch.com/market-analysis/elevators-and-escalators-market

Approximately 40% of the global energy is consumed by buildings. The energy consumption by elevators and escalators in a building varies between 2% – 10%, which necessitates the need of an efficient mobility solution between floors. The industry is therefore incorporating power efficient solutions, which are being installed in green buildings worldwide. The key restraints in the growth of the global market include high price, lack of skilled workforce, and safety issues. However, with the growing need of urbanization for modern buildings, the price barrier for the industry is expected to mitigate during the forecast period.

The increasing urbanization, demographic changes, and growing concern for safety are the key growth drivers for the global elevators and escalators market. The booming construction industry is providing growth opportunities for the market during the forecast period. The maintenance and modernization segment in the global elevators and escalators market is also expected to grow during the forecast period, owing to the related legislations in different regions. China dominated both the new equipment segment, and the maintenance and modernization segment, among the type category in 2014, and it is expected to retain its leadership during the forecast period, owing to its growing population and up-surging urbanization.

The market for new equipment is consolidated, whereas it is fragmented in case of maintenance and modernization. The maintenance services are provided by the new equipment suppliers, as well as small and medium-sized local players. The overall elevators and escalators market is consolidated with a few players operational at the global level. The major companies operating in the market include United Technologies Corporation, Kone Corporation, Schindler Holding Ltd., and ThyssenKrupp AG.

Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/elevators-and-escalators-market/report-sample

Elevators are used to move people and goods between different levels or floors in any building. Escalator on the other hand is a moving staircase, consisting of a circulating belt of steps which conveys people between floors in a public building. The demand for elevators and escalators is increasing significantly in the developing countries, such as China and India. China held 69% share in the market in 2014, which has also encouraged the international manufacturers to install their production base in the country.

# # #


Media Contacts:
Devanshu Raizada
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email:
Web: https://www.psmarketresearch.com

Submitted by Jacob, P&S Market Research on Monday, 20 May 2019 at 6:14 PM
Category:
 
Related News

There are no related press releases in this category.

Related Events

There are no related events in this category.

Latest News

Unfiltered Apple Cider Vinegar Continues High Traction Globally
Wednesday, 19 Jun 2019

How to clean a pool like a pro using cleaning machine?
Wednesday, 19 Jun 2019

Global Frozen Block Cutter Market Research Report - Forecast to 2024
Wednesday, 19 Jun 2019

How to clean a pool like a pro using cleaning machine?
Wednesday, 19 Jun 2019

Global Automotive Brake Lining Industry Market Status and Forecast 2023
Wednesday, 19 Jun 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 19 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • ESPNIC 2019
  • 10th Aggregate Spend and Open Payments Conference
  • Palo Alto Networks: Security Simplified - Enterprise Security Series
  • 2nd Journal of Thermal Analysis and Calorimetry Conference
  • EPHJ-EPMT-SMT Trade Show

  • Latest Jobs
    Sorry, there are currently no entries posted here.