Elevator Market Forecast Report, 2018 - 2026

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Elevator Market to Receive Overwhelming Hike in Revenues By 2026 By Transparency Market Research Published January 6, 2022

According to a new market report published by Transparency Market Research (titled “Elevator Market (Deck Type –Single Deck and Double Deck; Destination Control – Smart and Conventional; Building Height – Low Rise, Mid Rise, High Rise; End-use – Residential, Commercial, Mix Block; Speed – Less than 1m/s, Between 1 to 3 m/s, Between 4 to 6 m/s, Between 7 to 10 m/s, Above 10m/s; Application – Passengers, Freight) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global elevator market was valued at US$ 59.26 Bn in 2017 and is expected to reach US$ 151.26 Bn in terms of revenue by 2026, expanding at a CAGR of 11.1% from 2018 to 2026. In terms of volume, the market stood at around 773.8 Thousand Units in 2017. Asia Paci몭c is projected to show the fastest growth rate during the forecast period due to the increase in number of high rise buildings and rapid urbanization. The increasing demand for skyscrapers in the cities of Asia Paci몭c is helping to boost the high rise elevator market in the region. Factors such as increasing aging population and demand for accessible housing and infrastructure are contributing to the growth of the elevator market. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=14837 By deck type, single deck elevator has the highest growth opportunities as it is cost effective and ideal for moderate tra몭c. Double deck elevator consists of two

cabins attached together. Depending on which 몭oor passengers need to go, they can either take the upper or lower deck if they are intended to go either to even or odd 몭oors. By destination control, the smart elevator segment is expected to rise with new features, enabling passengers to 몭rst select the 몭oor they want and then take them to their destination with the fewest number of stops. These elevators are faster and more energy e몭cient than conventional elevators. By building height, mid rise segment constitutes the major share in the global elevator market. However, demand for skyscrapers in Asia Paci몭c countries is increasing, helping to boost the high rise elevators market in the region By end-use, mix block segment is expected to expand at the highest CAGR during the forecast period as compared to the residential and commercial segment. By speed, the segment between 1 to 3 m/s has the major share in the global elevator market. However, due to rapid growth of high rise buildings, between 4 to 6 m/s segment is increasing rapidly. By application, passenger elevators are the most commonly used. Freight elevators are mostly used in the commercial sector to transport goods from one 몭oor to another. Geographically, in terms of revenue, Asia Paci몭c held the largest market share in the elevator market in 2017. After Asia Paci몭c, Europe has the largest share in the market. The Asia Paci몭c region is estimated to witness the fastest growth during the forecast period. China, India, and Japan have the highest growth rate as compared to other countries in the Asia Paci몭c region. South America is expected to show slow growth as compared to the other regions of the world. The elevator market consists of a large number of dominant players. Industry players focus on advance techniques to increase the speed of the elevators, thereby reducing travel time. Product innovation, especially in case of smart elevators help passenger to manage and monitor physical access to sites. The advancement in technology helps to integrate access control. Otis Elevator Company, KONE Oyj, Schindler, Fujitec Co., Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., Electra Elevators, Mitsubishi Electric Corporation, Thyssenkrupp AG, and Toshiba Corporation are the key companies pro몭led in the research report. The

report also offers competitive landscape of the key players in the elevator market. Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=14837&ltype=S The global elevator market is segmented as follows: – Global Elevator Market, by Deck Type Single Deck Double Deck Global Elevator Market, by Destination Control Smart Conventional Global Elevator Market, by Building Height Low Rise Mid Rise High Rise Global Elevator Market, by End-use Residential Commercial Mix Block Global Elevator Market, by Speed Less than 1m/s Between 1 to 3 m/s Between 4 to 6 m/s Between 7 to 10 m/s Above 10m/s Global Elevator Market, by Application Passenger

Freight TMR Latest News Publication: https://www.prnewswire.com/newsreleases/constant-process-automation-to-spur-strides-in-waterjet-cuttingmachinery-market-thriving-demand-in-textile-industry-shapes-revenue-streamstmr-301242291.html About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail 몭exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni몭ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn

In this article: Elevator Market, Elevator Market Analysis, Elevator Market Demands, Elevator Market Forecasts, Elevator Market Growth, Elevator Market Key Players, Elevator Market Manufacturers, Elevator Market Opportunities, Elevator Market Overview, Elevator Market Report, Elevator Market Research, Elevator Market Share, Elevator Market Size, Elevator Market Trends , Latest Industry News

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