1 / 7

Europe Elevator Market

Europe Elevator Market

abhigmi
Download Presentation

Europe Elevator Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Europe Elevator Market Revenue to Surpass USD 13 Billion by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. The Europe elevator market is projected to witness a profitable growth spurt over the forthcoming time period owing to the ongoing proliferation of building and construction sector as more and more high-rises are being erected across the continent. On a global scale, Europe accounts for the second-largest share of the overall elevator market. Increasing number of high-rise buildings in the developing economies are greatly up to the regional growth. Countries including Russia, Spain, Italy, UK, and Germany have in fact experienced an unparalleled increase in skyscraper construction projects over the last few years. This growth is majorly ascribed to factors such as rapid urbanization, high per capita income, and increasing construction spending in these countries. Subsequently, growing demand for elevator maintenance, service, and repair will also stimulate the Europe elevator market growth. Favorable government efforts towards economic development are another of the prominent key parameters for growing number of infrastructure activities. Increasing construction of institutional, commercial, and residential buildings across Europe would also fuel the adoption of elevators. With respect to product, the MRL (machine room-less) segment is expected to witness around 2.3% CAGR through the analysis time period. The segmental growth is attributed to the rising demand for industrial facilities. The absence of a dedicated machine room in MRL elevator type is the key factor making them one of the best choices for industrial settings with very limited space availability. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Europe Elevator Market” along with the table of contents (ToC) @https://bit.ly/3BrBmPw Get sample copy of this research report @ https://www.graphicalresearch.com/request/1729/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. In comparison to MR traction elevators, these types of elevators are much more energy efficient. The low cost of maintenance, reliability, and lower space requirement makes them the most sought-after device for mid-rise buildings. In Addition, the design of MRL traction elevators enables them to travel at a speed of up to 500 ft per minute, allowing it to cover up to 250 feet of distance. In terms of application, in 2020, the building & construction segment dominated the overall market with 80% market share. Europe is seen as one of the largest construction industries and the segment is expected to grow at a CAGR of 1.9% through the slated timeframe. In fact, the regional construction sector has witnessed high output in the past few years and reached an overall turnover of €1.6 trillion back in 2016. In 2020, the estimated revenue of Germany alone reached nearly €320.5 billion, providing ample impetus for the Europe elevator market. The region’s expanding construction sector, rapid urbanization, and rising income level are some of the main factors driving the regional product demand. On a global, Europe held the accolade of being the second-largest share in the elevator market and will continue to dominate the industry in the following years. The anticipated growth is majorly ascribed to the growing uptick in construction activities across the region’s developing economies such as Ukraine, Romania, Georgia, and Croatia among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. These countries are projected to showcase an increasing demand for novel buildings and infrastructure. This would further fuel the demand for elevators across the region, especially because of favorable government investments, higher customer spending, and rapid urbanization. Developed countries including France, UK, and Germany have a very mature construction market. So, the demand for brand new elevators in these countries is likely to be limited. However, the demand for aftersales, repair, and maintenance services will be very high. Subsequently, rising focus towards sustainability and increasing urban as well as international migration would drive the demand for elevators. Orona S.C., Otis Elevator Company, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Kone Corporation, Glarie Elevator Co. Ltd., Thyssenkrupp Elevator Technology, Schindler, Mitsubishi Electric Corporation, and Hitachi, Ltd. among others are some of the key manufacturers in Europe elevator market. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

More Related