Global Escalators Market to Garner $5,146 Million

Escalators Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Escalators Market by Type (Parallel, Multi-parallel, Walkway, Crisscross and Spiral), Industry Vertical (Commercial, Public transit, Institutional Sector and Residential), by Geography.

Current and Future Market Scenario • In 2015, parallel escalators accounted for the maximum revenue shares in the overall escalators market.

• The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.

• Crisscross and Spiral escalators is expected to witness the fastest growth at CAGR of 5.8% during the forecast period.

• Global Escalators Market expected to garner $5,146 million by 2022.

Escalators Market

Factors Contributing to Market Growth • The global escalators market that focuses on various industry verticals such commercial, public transit, and others (institutional sector and residential). The type considered are parallel, multi-parallel, walkway, and others (crisscross, and spiral).

Other factors that contribute to market growth are: • Development in real estate sector • Rising need for efficient and rapid transit system • Rapid urbanization

Escalators Market

Top Factors Impacting the Escalators Market

Technological advancement is projected to have a prominent impact on the market growth during the forecast period. In addition, developments in the real estate sector and rapid urbanization have fuelled the market growth in the recent years.

Escalators Market

Dominating Segments • Asia-Pacific is estimated to grow fastest due to increase in the adoption of escalators.

• In 2015, commercial dominated the escalators market, in terms of revenue, and is projected to continue its dominance throughout the forecast period.

• Escalators 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 expected to dominate the escalators market; however, North America is projected to grow rapidly Escalators Market

Market Segmentation

BY TYPE

BY INDUSTRY VERTICAL

BY GEOGRAPHY

• • • •

Parallel Multi-parallel Walkway Crisscross and Spiral

• Commercial • Public transit • Institutional Sector and Residential

• • • •

North America Europe Asia-Pacific LAMEA

Escalators Market

Region Overview • Asia-Pacific is estimated to grow fastest due to increase in the adoption of escalators and extensive growth in China, Japan, Australia, and India. • Asia-Pacific is expected to be the largest market during the forecast period.

Escalators Market

Leading Players • The leading players in the Escalators Industry are highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. • Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover, Hyundai, Fujitec, Mitsubishi Electric, SIGMA, Otis, and Omega are key players in this industry.

Escalators Market

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Escalators Market