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For more information kindly visit : https://www.bharatbook.com/manufacturing-construction-market-research-reports-103720/world-elevators1.html Bharat Book Bureau provides the report, on “ World Elevators: Global demand to exceed billion in 2019 ”.Through 2019, the developing countries of the Asia/Pacific region will continue to exhibit the strongest demand growth.
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Summary Global demand for elevator equipment (including elevators, escalators, moving walkways, and associated parts) and services is forecast to reach $121 billion in 2019, on advances of 5.9 percent per annum. The large Asia/Pacific market will account for more than 70 percent of the growth in demand.
China & India to be top national markets Through 2019, the developing countries of the Asia/Pacific region will continue to exhibit the strongest demand growth. Although increases in the Chinese elevator market, the world’s largest, will decelerate substantially after a decade of explosive growth, elevator demand will grow nearly 10 percent per annum to $42 billion. Elevator demand in India will register robust advances of 16 percent annually, driven by strong growth in the country’s urban population and rising average incomes. The developed markets of North America and Europe will exhibit slower growth in elevator demand. While demand for new units in these regions is expected to continue to recover from low 2009 levels, growth in demand for elevator parts and services is expected to be slower than the global average. This is because the market will remain concentrated in maintaining existing units and modernizing older units, not the installation of new equipment, in spite of the uptick in new unit demand. s.
MRL elevators will continue to gain market share Through the forecast period, there will be an emphasis on new or improved technologies that conserve space or energy in new elevators, escalators, and moving walkways, driven by developers’ desires to make buildings more profitable by saving on energy spending and raising usable floor space. These include computerized destination dispatch systems, technologies that reduce the space consumed by elevator shafts in tall buildings, and elevator, escalator, and moving walkway systems that adjust operation for high and low traffic periods. Space and energy saving machine room-less (MRL) elevators will continue to increase their penetration of the global market and will dominate the market in the ensuing years. Although elevator services demand has historically made up a larger share of the global market, equipment demand exceeded services in 2014 and is expected to continue to do so through the forecast period due to robust new equipment demand in developing markets. s.
Manufacturing activity to follow markets Elevator equipment production was historically concentrated in Western Europe, but manufacturing activity in developing markets, where the majority of new equipment is installed, has posted rapid expansion in recent years. China in particular has exhibited robust growth in its elevator equipment manufacturing capacity and accounted for nearly half of global production in 2014. s.
Study coverage Details on these and other key findings are available in the upcoming industry study, World Elevators, priced at $6400. It presents historical demand data (2004, 2009, 2014) plus forecasts (2019, 2024) for elevator supply and demand, demand by type and service, as well as passenger/freight elevator demand, in 6 regions and 20 countries worldwide. The study also considers market environment factors, examines the industry structure, evaluates company market share and profiles 40 participants in the global elevator industry. s.
Table of Contents MARKET ENVIRONMENT General World Economic Overview Recent Historical Trends World Economic Outlook World Demographic Overview Population Urban Population Per Capita Gross Domestic Product World Building Construction Outlook
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