US Elevators and Escalators Market Outlook - Ken Research
by Ashish Kumar Market ResearcherUS
elevators and escalators market size, market segmentations by new equipment
installation & maintenance & modernization, by elevator (by end usage
(passenger elevator market and material handling market), by type of machinery
(traction (gear & gearless) & hydraulic (conventional hydraulic &
roped) and MR & MRL), by door types and by sector (commercial complexes and
residential complexes)) and by escalator (by end usage and by escalators &
moving walkways). The report also covers market in different aspects such as
trends and developments, issues and challenges, Porter Five Force analysis, contract
for installation and maintenance of an elevator or escalator, safety rules
issued by regulating authority, market share of major companies, company
profiles of major players (Kone, Otis, FujiTec, Schindler, Mitsubishi and
ThyssenKrupp) in elevators and escalators market. The report provides detailed
overview on future outlook & projections with analyst recommendations for
the industry.
Elevators
and Escalators market in US has been supported by maintenance and modernization
of existing equipments and the stabilizing economy of the country.
The
increasing investment by the government in public infrastructure and rise in
number of commercial and residential complexes will lead the growth of the US
elevators and escalators market in the upcoming years.
The
US is gradually reviving from the economic crises of 2007. The expansion of the
economy is likely to continue on the back of strong business and consumer
confidence. Owing to the fiscal policy of the country it is assumed that the
tax rates will be lowered and the investment and consumption will
increase. There is a positive outlook
towards business in the country. The government’s investment in public
infrastructure is expected to increase in the future. With the development of
public spaces in towns and cities the demand for elevators and escalators will
be augmented in the future.
The
companies in the industry are constantly investing in development of new
technology and safe designs. The introduction of these pioneering designs and
innovations instill growth in the industry for years to come. The integration
of mobile technology is opening new gates of innovation & operational
efficiency for companies and making jobsites safer for workers. The number of
commercial and residential complexes throughout the country is increasing
substantially. A boom in the US real estate sector is expected after years of
negative growth. The unemployment rate in the country has fallen substantially
and is expected to dip further. The migration towards town and metro cities is
expected to increase, which will lead to increase in urban population of the
country. Increase in urban population will further create demand for housing
and commercial space and will positively affect the elevator and escalator
industry. A number of new projects have further propelled growth in the
industry. Projects like the development of three world trade centers in New
York, mass number of high-rise buildings in Portland, expansion projects in
university of Virginia, University of North Carolina, Cleveland State
University, Marquette University and other notable projects across the country
will provide robust growth to the industry.
Ken
Research in its latest study, US Elevators
and Escalators Market by New Equipment Installation & Maintenance &
Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types
and by Sector) and by Escalator (by End Usage and by Escalators and Moving
Walkways) - Outlook to 2022,
suggests that the elevator and escalator market in the US will grow at a
gradual rate owing to the rise in real estate investment and growing urban
population.
Key Topics Covered in the Report:
US
Elevator Maintenance Market 2017
US
Elevator Demand
US
Elevator Maintenance Market
US
Escalators Maintenance Market
Hydraulic
Elevators Demand in US
New
Equipment Installations in US Elevators Market
US
Elevators and Escalators Market
US
Elevators and Escalators Market Outlook
Major
Companies US Elevators and Escalators Market
Thyssenkrupp
US Revenue from Elevators and Escalators
For more information on the research
report, refer to below link:
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Created on Jan 22nd 2018 03:55. Viewed 351 times.