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Escalators Market to Garner $5,146 Million, Globally, by 2022

The growth in construction market, upcoming metro projects, expansion of airport, and other advancements have revolutionized the escalators industry, worldwide. The major factors that drive the global market are rapid urbanization, boom in real estate sector, and need for efficient & rapid transit systems. However, safety issues and lack of skilled workforce are expected to hamper the market growth.

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Escalators Market to Garner $5,146 Million, Globally, by 2022

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  1. Escalators Market Opportunities and Forecasts, 2014- 2022

  2. Escalators Market The Asia-Pacific market is most productive as compared to others with diverse industry verticals implementing escalators at a greater extent. Furthermore, it is projected to generate the highest market revenue over the forecast period with predominant deployments in the commercial sector.   Sonia Mutreja

  3. Escalators Market Overview Global Escalators Market Report, published by Allied Market Research, forecasts that the escalators market size to reach $5,146 million by 2022, growing at a CAGR of 5.3% from 2016 to 2022. Parallel escalators segment generated the largest market share in 2015 while the others segment is expected to register highest growth rate during the forecast period. Asia-Pacific is expected to be the largest market during the forecast period. Read more at : https://www.alliedmarketresearch.com/escalators-market Development in real estate sector, rise in need for efficient and rapid transit system, and rapid urbanization are expected to drive the growth of global escalator market. In addition, emergence of green escalators, and technological advancements have increased significantly and are expected to provide lucrative opportunity for market growth. However, lack of skilled workforce, safety issues due to poorly maintained equipment, and stringent government regulations limit the growth of this market.  

  4. Escalators Market Segmentation

  5. Escalators Market In 2015, parallel escalators accounted for the maximum revenue shares in the overall escalators market due to their affordability, and easy availability. In addition, other escalators such as crisscross and spiral escalators is expected to witness the fastest growth at CAGR of 5.8% during the forecast period. The commercial sector dominated the global market in 2015 due to high durability and ability to handle high passenger inflow. Furthermore,other industry segment is anticipated to grow at a CAGR of 6.2% during the forecast period due to ease in commuting over short distances and use of advanced safety features. Asia-Pacific is estimated to grow fastest due to increase in the adoption of escalators and extensive growth in China, Japan, Australia, and India.

  6. Escalators Market Key Benifits • Key Benefits • This study comprises analytical depiction of the global escalators market, with current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market. • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market. • Porters Five Forces analysis illustrates the potency of the buyers and suppliers.

  7. Top factors impacting the global escalators market   Top Factors Impacting Escalators Market

  8. Key Finding Escalators Market • Key Findings of the Escalators Market: • Crisscross and spiral type is expected to exhibit a significant growth in the escalators market. • Commercial sector generated the highest revenue among other industry verticals pertaining to increase in adoption of escalators. • Asia-Pacific is projected to exhibit a substantial growth during the forecast period. • The key players include Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover, Hyundai, Fujitec, Mitsubishi Electric, SIGMA, Otis, and Omega.  

  9. Key Players Escalators Market • KEY MARKET PLAYERS PROFILED • Schindler Group • Kone Corporation • Thyssenkrupp AG • Dover • Hyundai Elevator • Fujitec • Mitsubishi Electric • SIGMA • Otis • Omega  

  10. Escalators Market By Geography North America Europe Asia-Pacific LAMEA

  11. Escalators Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/escalators-market Follow Us On

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