1 / 11

Elevator modernization market Report by 2022

The global elevator modernization market is expected to reach $12,283 million by 2022. The traction segment is expected to dominate the market from 2016 to 2022. Asia-Pacific elevator modernization industry is expected to rise at the highest growth rate, whereas Europe accounted for around 37% share of the market in 2014, and is anticipated to grow at a significant rate.

amr121
Download Presentation

Elevator modernization market Report by 2022

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Elevator Modernization Market Opportunities and Forecasts, 2014- 2022

  2. “Adoption of machine room-less elevators, green elevators, and other eco-friendly designs of elevators have provided huge opportunities for growth in the elevator modernization market. Further, rise in investments in commercial sector such as IT & BFSI buildings, malls & hospitality, hospitals, airports, transportation, and other commercial buildings, rapid urbanization & industrialization, and significant GDP growth will enable the market to bloom in the near future.” SomyaRathore, Lead Analyst ELEVATOR MODERNIZATION MARKET

  3. ELEVATOR MODERNIZATION MARKET OVERVIEW • Elevator modernization market is expected to reach $12,283 million by 2022. The traction segment is expected to dominate the market from 2016 to 2022. • Asia-Pacific elevator modernization industry is expected to rise at the highest growth rate, whereas Europe accounted for around 37% share of the market in 2014, and is anticipated to grow at a significant rate. • By component type, the controllers segment dominated the market with around 34% market share in 2014, followed by door equipment segment. In addition, the controllers segment is projected to expand at the highest CAGR of 7.9% during the forecast period. • Commercial sector generated the maximum revenue in the global elevator modernization market and represented around 46% share of the total elevator modernization market revenue in 2014. • Prominent market players in elevator modernization industry are inclined toward establishing new production facilities to cater increased demand from end-user verticals.  • Read more: https://www.alliedmarketresearch.com/elevator-modern-market

  4. ELEVATOR MODERNIZATION MARKET BY GEOGRAPHY

  5. ELEVATOR MODERNIZATION MARKET KEY SEGMENTS • By Elevator Type • Traction Elevator • Hydraulic Elevator • By Components • Controllers • Door Equipment • Cabin Enclosures • Signaling Fixtures • Power Units • Others (overspeed governor, guide rails)

  6. ELEVATOR MODERNIZATION MARKET KEY FINDINGS • Among components, the controllers segment led the overall elevator modernization market revenue, and is projected to grow at a CAGR of 7.9% during the forecast period. • The traction segment dominated the market in 2014, and is projected to grow at the highest CAGR due to increase in adoption of technologically advanced traction elevators, especially in commercial sector. • Among end users, the commercial segment generated the highest revenue in overall elevator modernization market and is projected to continue its dominance during the forecast period. • In the year 2014, Europe was the dominant region in elevator modernization market. However, Asia-Pacific is expected to grow at the fastest CAGR with China leading the market.

  7. ELEVATOR MODERNIZATION MARKET TOP WINNING STRATEGIES

  8. ELEVATOR MODERNIZATION MARKET KEY PLAYERS • Otis Elevator Company • KONE Corporation • ThyssenKrupp AG • Mitsubishi Electric Corporation • Fujitec Corporation • Hitachi, Ltd • Hyundai Elevator Co., Ltd. • Toshiba Elevator and Building Systems Corporation • ShenYangYuanda Intellectual Industry Group Co., Ltd.

  9. ELEVATOR MODERNIZATION MARKET KEY BENEFITS • An in-depth analysis of the global elevator modernization market is provided along with the market dynamics that is projected to prove crucial in understanding the market. • Quantitative analysis of the current market and future estimations from 2014 to 2022 is projected to assist strategists to design business strategies to capitalize on the prevailing market opportunities. • Porters Five Forces analysis examines the competitive structure of the elevator modernization industry and provides a clear understanding of the factors that influence the market entry and market expansion. • A detailed analysis of geographical segments provides identification of most profitable segments to capitalize on. • Analysis of the key leaders and their business strategies is anticipated to assist stakeholders to make more informed business decisions. • A detailed company profile analysis is provided, that highlights major developments such as mergers and acquisitions, expansions, and new product launch.

  10. ELEVATOR MODERNIZATION MARKET BY GEOGRAPHY North America, Europe, Asia-Pacific, LAMEA,

  11. CONTACT US Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/elevator-modern-market Follow Us On

More Related