Escalators Market
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<strong>Escalators</strong> <strong>Market</strong><br />
Global Opportunity Analysis and<br />
Industry Forecast, 2014 - 2022<br />
<strong>Escalators</strong> <strong>Market</strong> by Type (Parallel, Multi-parallel, Walkway,<br />
Crisscross and Spiral), Industry Vertical (Commercial, Public<br />
transit, Institutional Sector and Residential), by Geography.
<strong>Escalators</strong> <strong>Market</strong><br />
Current and Future <strong>Market</strong> Scenario<br />
• In 2015, parallel escalators accounted for the maximum revenue shares in the<br />
overall escalators market.<br />
• The overall market potential is determined to understand the profitable trends for<br />
gaining a stronger coverage in the market.<br />
• Crisscross and Spiral escalators is expected to witness the fastest growth at CAGR of<br />
5.8% during the forecast period.<br />
• Global <strong>Escalators</strong> <strong>Market</strong> expected to garner $5,146 million by 2022.
<strong>Escalators</strong> <strong>Market</strong><br />
Factors Contributing to <strong>Market</strong> Growth<br />
• The global escalators market that focuses on various industry verticals such<br />
commercial, public transit, and others (institutional sector and residential). The type<br />
considered are parallel, multi-parallel, walkway, and others (crisscross, and spiral).<br />
Other factors that contribute to market growth are:<br />
• Development in real estate sector<br />
• Rising need for efficient and rapid transit system<br />
• Rapid urbanization
<strong>Escalators</strong> <strong>Market</strong><br />
Top Factors Impacting the <strong>Escalators</strong> <strong>Market</strong><br />
Technological advancement is projected to have a prominent impact on the market<br />
growth during the forecast period. In addition, developments in the real estate sector and<br />
rapid urbanization have fuelled the market growth in the recent years.
<strong>Escalators</strong> <strong>Market</strong><br />
Dominating Segments<br />
• Asia-Pacific is estimated to grow fastest due to increase in the adoption of<br />
escalators.<br />
• In 2015, commercial dominated the escalators market, in terms of revenue, and<br />
is projected to continue its dominance throughout the forecast period.<br />
• <strong>Escalators</strong> segment is anticipated to grow at a CAGR of 6.2% during the forecast<br />
period due to ease in commuting over short distances and use of advanced<br />
safety features.<br />
• Asia-Pacific is expected to dominate the escalators market; however, North<br />
America is projected to grow rapidly
<strong>Escalators</strong> <strong>Market</strong><br />
<strong>Market</strong> Segmentation<br />
BY TYPE<br />
• Parallel<br />
• Multi-parallel<br />
• Walkway<br />
• Crisscross and Spiral<br />
BY INDUSTRY<br />
VERTICAL<br />
• Commercial<br />
• Public transit<br />
• Institutional Sector and Residential<br />
BY GEOGRAPHY<br />
• North America<br />
• Europe<br />
• Asia-Pacific<br />
• LAMEA
<strong>Escalators</strong> <strong>Market</strong><br />
Region Overview<br />
• Asia-Pacific is estimated to grow fastest due to increase in the adoption<br />
of escalators and extensive growth in China, Japan, Australia, and India.<br />
• Asia-Pacific is expected to be the largest market during the forecast<br />
period.
<strong>Escalators</strong> <strong>Market</strong><br />
Leading Players<br />
• The leading players in the <strong>Escalators</strong> Industry are highly focused to<br />
expand their business operations in the fast-growing emerging countries<br />
with new product launches as the preferred strategy.<br />
• Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover, Hyundai,<br />
Fujitec, Mitsubishi Electric, SIGMA, Otis, and Omega are key players in<br />
this industry.
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<strong>Escalators</strong> <strong>Market</strong>
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