View full summary at: https://www.alliedmarketresearch.com/escalators-market
Global Escalators Market Report, published by Allied Market Research, forecasts that the escalators market size to reach $5,146 million by 2022, growing at a CAGR of 5.3%
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Escalators market
1. 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.
2. Escalators Market
• 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.
Current and Future Market Scenario
3. Escalators Market
• 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
Factors Contributing to Market Growth
4. 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.
5. Escalators Market
• 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
Dominating Segments
6. Escalators Market
Market Segmentation
• Parallel
• Multi-parallel
• Walkway
• Crisscross and Spiral
BY TYPE
• Commercial
• Public transit
• Institutional Sector and Residential
BY INDUSTRY
VERTICAL
• North America
• Europe
• Asia-Pacific
• LAMEA
BY GEOGRAPHY
7. Escalators Market
• 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.
Region Overview
8. Escalators Market
• 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.
Leading Players