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Escalator Market Analysis, Application Development, Competitive Landscape and Segment Forecast to 2024 | Hexa Research
“The global Escalator Market is expected to grow at a CAGR of 4.4% over the forecast period. Among the various growth factors, increasing urbanization and ageing population are expected to play a key role�
The global Escalator Market to reach USD 37.7 billion by 2024. Growth in construction industry at large, urbanisation, and investment in infrastructure are among the key factors which are expected to drive the global escalator market over the forecast period. However, safety concerns related to escalators, especially accidents involving children, presents a concern that may affect the deployment rate of escalators. Asia Pacific presents potential growth market with China and India presenting key growth opportunities for the market. The said countries are witnessing urbanisation and associated infrastructural growth with the development of multiple commercial establishments including shopping malls. Besides, investment in airports and metro projects are also expected to add to the prospect of the market in the coming years. On the other hand, Europe and North America regions are experiencing growth in the modernization segment. Escalator market is segmented by types as step type escalator, moving walkways, and spiral escalators. Among the three types, step type escalators dominate the global market due to more requirement at places such as shopping malls and museums Browse Details of Report @ https://www.hexaresearch.com/research-report/escalator-market
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