Elevators and Escalators Market – Forecast, 2020-2027

1. Report Title Elevators and Escalators Market – Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape. Top Companies of the Elevators and Escalators Market: •Kone Corporation •United Technologies •Schindler Holding Ltd. •Mitsubishi Electric Corporation •Thyssenkrupp AG •Fujitec Co., Ltd. •Hitachi Ltd. •Hyundai Elevator Co., Ltd. •Toshiba Corporation •Electra Ltd. Drivers of the Elevators and Escalators Market: The major factors accelerating the growth of the global elevators and escalators market include shifting demographic trends, rapid urbanization, and the growth in the construction industry globally. The strong demand from several end-use sectors such as residential, commercial, and hospitals will further surge the growth of the global elevators and escalators market. In addition to this, the rising concerns for safety among the geriatric population will lead to an upsurge in demand for the elevators and escalators during the forecast period. Growth in usage of elevators and escalators in different commercial spaces such as airports, shopping malls, and train stations will 2

3. create various growth opportunities in the market. Furthermore, the rising commercial activities and increasing investment for the improvement of infrastructure at public places will further propel the global elevators and escalators market. On the other hand, the high installation cost and set up costs of escalators and elevators will hinder the growth of the global elevators and escalators market during the forecast period. Segmentation of the Elevators and Escalators Market: By Elevator Technology: •Traction •Hydraulic •Machine Room-Less Traction By Type: •Elevators o Passenger Elevator ▪ Bed Elevator ▪ Service Elevator ▪ Observation Elevator ▪ Residential Elevator o Freight Elevator ▪ Dumbwaiters ▪ Vehicle Elevators o Others •Escalators •Moving Walkways By Application: •Commercial •Non-commercial 3

4. By Services: •New Installation •Maintenance •Modernization By Building Type: •Low Rise •Mid Rise •High Rise By Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research 4

5. GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5