|
|
 |
|
Viewing report
|
|
|
|
Global Escalator & Elevator Market Report: 2011 Edition
Koncept Analytics, Sep 2011, Pages: 50
The Escalator and Elevator (E&E) market is mainly comprised of three segments: Installation of new equipments, Maintenance of the already installed equipments, and Modernization of the old equipments to keep pace with the new technologies; with the maintenance segment dominating the whole market. In 2009, the global market for escalators and elevators for new installations had shown negative impact of the global economic recession. But with the recovery of the global economy, the new installations also started rising. The E&E market can also be segmented in terms of high rise, mid rise and low rise equipments. The low-rise elevators and escalators are the most widely used.
Europe has been the largest market for escalators and elevators and accounts for nearly half of the total installed base of escalators and elevators. But in terms of new installations, China leads the E&E market and is also the fastest growing market for escalators and elevators.
Since the new installation of escalators and elevators is highly correlated to the construction activity worldwide, therefore the expected increase in the construction industry in the coming years is likely to positively impact the E&E market. The increasing urbanization, which is characterized by high population density, has led to the expansion of the buildings vertically upwards, which increase the need for escalators and elevators. Also, with the increasing need for convenience, coupled with the ageing population, the E&E market worldwide is expected to benefit further. The increasing safety concerns among people have been driving the maintenance market, as a precautionary measure to avoid accidents.
The global E&E market for new installations is consolidated with the top four players accounting for a major share in the market. Otis is the leading brand accounting for more than one-fifth of the market for new installations annually.
The report analyzes the global market for escalators and elevators and also presents a view of the major regional markets, including Europe and the Americas as well as Asia Pacific which offers huge untapped potential for growth in future, with a focus on China, the largest growing market for Escalators and Elevators. The report presents some of the key trends, growth drivers and the major issues and challenges being faced in the global E&E industry. The report analyses the level of competition in the global market, and also profiles the four major global players, including Otis, Schindler, ThyssenKrupp, ad KONE, along with their strategies for growth.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, the report predicts the future growth of the industry. Various significant variables that have an impact on this industry and created regression models with SPSS Base have been used to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Also available
Global Escalator & Elevator Market Report: 2010 Edition
|
|
|
|
