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Asia-Pacific region will be the fastest-growing market for elevators & escalators

Asia-Pacific is projected to have the largest market share and dominate the elevators & escalators market from 2016 to 2021. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making the Asia-Pacific region the fastest-growing market for elevators & escalators.

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Asia-Pacific region will be the fastest-growing market for elevators & escalators

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  1. Asia-Pacific region will be the fastest-growing market for elevators & escalators

  2. The report "Elevators and Escalators Market by Type (Elevators, Escalators & Moving walkways), Service (New installation, Maintenance & Repair & Modernization), Elevator Technology (Traction, Machine room-Less & Hydraulic), & End-use Sector - Global Forecast to 2021", The elevators & escalators market size is estimated to grow from USD 88.78 Billion in 2015 to USD 125.22 Billion by 2021, at a CAGR of 6.01%. Factors such as increasing demand in Asia-Pacific and the  growing demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are the drivers for the growth of the elevators & escalators market.

  3. Scope of the Report By Type: • Elevators (passenger, freight, single, and double deck elevators) • Escalator • Moving walkways

  4. By Service: • Elevator technology (traction with a room, machine room less traction, hydraulic)

  5. By End-Use Sector: • Residential • Commercial • Institutional • Infrastructure • Others (industrial and marine sector)

  6. By Region: • North America • Europe • Asia-Pacific • RoW

  7. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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