Opportunities in Global Elevators Market: More than 138,000 Units of Elevators are Expected to be Sold Globally by the end of 2026, Fact.MR’s Report

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According to recently published report by Fact.MR, the global market for elevators is poised to expand at 9.8% volume CAGR, during the forecast period, 2017-2026.

Rockville, US, 2018-Apr-23 — /EPR Network/ — The global market discussion on elevators industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled Elevators Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on elevators market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Development of Energy-efficient Elevators to Influence the Market Expansion

As building infrastructures of the future have potential to soar higher into the sky, developing new energy-efficient elevators is imperative to cater the sustainability goals. Keeping the same in mind, a leading company in elevators has developed a new design to revolutionize the way people get around in complex structure of current world’s skylines. This new & advanced elevator system is deprived of ropes and is capable of moving sideways along with the traditional vertical movement. The new innovation adheres to magnetic levitation technology, similar to that used in bullet trains of Japan, implying its efficacy in operating numerous cabins simultaneously in a constant loop.

Vertical Expansion of Buildings to Entail High Demand for Elevators

With rapid growth in urbanization, construction companies and governments around the world are shifting their focus toward optimum utilization of spaces existing within urban areas. With urban population witnessing a significant upsurge, construction companies are increasing focusing on vertical expansion of buildings including low-, mid- & high-rise buildings. High rise buildings are increasingly prevalent in developed economies such as the U.S., the U.K and UAE, and make efficient utilization of spaces, accommodating large number of people within a confined land space in consequent vertical spaces. Globally, over 450 high-rise buildings are under construction, with nearly 400 high-rise buildings still in pipeline.

According to the report, residential sector will continue to be the most lucrative for elevator manufacturers, whereas demand will be steady in the commercial and industrial segments. The report also projects that North America will remain the largest market for elevators during the assessment period, whereas demand will grow at a steady pace in Asia Pacific excluding Japan (APEJ). On the basis of service type, demand for new elevators is projected to be higher than maintenance & repair and refurbishing segments.

Competition Tracking

Toshiba Corporation, Honda Motor Co., Ltd., Generac Holdings Inc., Champion Power Equipment, Inc., Lifan Industry (Group) Co. Ltd, Yamaha Motor Co., Ltd., Wuxi Kipor Power Co. Ltd., Hyundai Motor Company, Briggs & Stratton Corporation, Ryobi Limited, and Subaru Corporation are expected to be recognized as leading manufacturers of elevators in the global market during the forecast period.

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Table of Contents:

1. Global Economic Outlook

2. Global Elevators Market – Executive Summary

3. Global Elevators Market Overview
3.1. Introduction
3.1.1. Global Elevators Market Taxonomy
3.1.2. Global Elevators Market Definition
3.2. Global Elevators Market Size (US$ Mn) and Volume (Units)Forecast, 2012-2026
3.2.1. Global Elevators Market Y-o-Y Growth
3.3. Global Elevators Market Dynamics
3.4. Supply Chain
3.5. Life Cycle of Elevators Market Equipment
3.6. Leading Manufacturers of Elevators and their Production (in millions)
3.7. Porter’s Five Forces Analysis
3.8. Distribution Channel Analysis
3.9. Consumer Demands and their Impacts
3.10. PESTLE Analysis
3.11. Region-wise Market Positioning Assessment
3.12. Developments in the Global Elevators and Escalators Market
3.13. Key Takeaways
3.14. Key Participants Market Presence (Intensity Map by Region)

Continued………..

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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