Global Elevators Market Overview for Market Size, Trends, Share and Industry Development Scenario Forecast through 2017-2026

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Expansion of the global elevators market is expected to remain influenced by soaring skyscraper construction activities, and rapid urbanization supported by advancements in technologies. In addition, replacement and maintenance activities associated with old elevators installed in developed regions are further likely to augment growth of the market. This report, compiled by FactMR, provides in-depth analysis of the global Elevators Market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

The scope of the FactMR’s report is to analyze the global elevators market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Elevators manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report. In-depth analysis regarding the energy saving properties, usage benefits, and long-term maintenance is detailed in this report. The comprehensive study offers insights on various market drivers, trends, and challenges shaping the future of the market, serving as a platform for future study, interest and understanding for the leading industries, trade magazines and journals related to the global elevators market.

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Elevators are equipment used for vertical transportation of people or goods between floors of buildings, or other structures. An elevator is generally powered by an electric motor, which either counterweights a system such as hoist and drives traction cables, or pumps hydraulic fluid for raising cylindrical piston such as a jack.

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. Elevators deployed over a decade ago are pushing for modernization, as obsolete parts require replacement with new efficient and cost-effective parts. New elevators will also find immense application growing construction of high-rise buildings.

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.

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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.

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

Continued………………………………

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