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Escalators Market by Type (Parallel, Multi-parallel, Walkway, Crisscross and Spiral), Industry Vertical (Commercial, Public transit, Institutional Sector and Residential), by Geography- Global Opportunity Analysis and Industry Forecasts, 2014 - 2022

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Pages: 120
Dec 2016 | 1778 Views
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Author's : Sonia Mutreja
Tables: 44
Charts: 16
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Escalators Market Overview:

Escalators Market is expected to garner $5,146 million by 2022, registering a CAGR of 5.3% during the forecast period 2016-2022. The growth in construction market, upcoming metro projects, expansion of airport, and other advancements have revolutionized the escalators industry, worldwide. The major factors that drive the global market are rapid urbanization, boom in real estate sector, and need for efficient & rapid transit systems. However, safety issues and lack of skilled workforce are expected to hamper the market growth.

The report comprises the study of the global escalators market that focuses on various industry verticals such commercial, public transit, and others (institutional sector and residential). The type considered are parallel, multi-parallel, walkway, and others (crisscross, and spiral).

The key manufacturers profiled in the report include Schindler Group, Kone Corporation, ThyssenKrupp AG, Dover, Hyundai, Fujitec, Mitsubishi Electric, SIGMA, Otis, and Omega.

Segment overview

The market is segmented by type, industry verticals, and geography. On the basis of type, it is sub-segmented into parallel, multi-parallel, walkway, and others (crisscross, and spiral). In 2015, parallel escalators generated the highest revenue in the global market. However, the others sub-segment is anticipated to exhibit the highest growth during the forecast period.

Based on industry verticals, the market is segmented into commercial, public transit, and others (institutional sector and residential). In 2015, commercial dominated the market, in terms of revenue, and is projected to continue its dominance throughout the forecast period.

The geographical regions considered in the report are North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the escalators market; however, North America is projected to grow rapidly.

Top factors impacting the global escalators market

 
  

The above figure depicts the current and the future impacts of various factors on the growth of the global escalators market. Technological advancement is projected to have a prominent impact on the market growth during the forecast period. In addition, developments in the real estate sector and rapid urbanization have fueled the market growth in the recent years. However, safety issues due to poor maintenance of equipment are expected to have a marginal impact on the market growth during the forecast period.

Drivers & Restraints: Escalators Market

Rapid urbanization

Increase in the number of people migrating from rural to urban areas has fueled the demand for multi-storied buildings and escalators in the public transportation sector. Furthermore, growth in disposable income, and aging population in the urban areas has driven the markets in China and India.

Safety issues due to poorly maintained equipment

Escalators are prone to safety issues as compared to elevators. In addition, poorly maintained escalators add up to these issues. There have been several cases and accidents over the past few years. This has given rise to fear among people, which has restrained the market growth.

 Segment Overview: Escalators Market by Type

Parallel Escalators

Parallel escalators are parallel circulating belt of ladders that are mostly found in commercial establishments such as metro stations, shopping malls, and other public areas. Initially, escalators functioned continuously for longer and extended period, which resulted in increase in energy consumption. Therefore, Hitachi Ltd. introduced the VX series escalators, which are safe and efficient, and are enabled with LED lights and automatic turn-off system. This series turns off handrail lighting and skirt guard lighting when there are no passengers to reduce power consumption.

Segment Overview: Escalators Market by Industry Vertical

Commercial sector

Escalators are widely used at commercial establishments, such as shopping malls, departmental stores, theatres, and hotels for brisk and comfortable commuting. These escalators are preferred for commercial applications due to their high durability and ability to handle high passenger inflow. Moving walks are designed for ease in transportation for large volumes of people across long distances including shopping trolleys. The market for escalators has witnessed vast transitions over the past few years. Parallel escalators are the most common type of escalator adopted for commercial purposes. However, other types of escalators are also built for large buildings such as shopping malls and hotels. In addition, bicycle escalators are widely used at commercial establishments. For instance, in December 2014, Norway implemented the first world’s bike escalators for its people to improve the transportation facility over small distances, and reduce population

Key Benefits

  • This study comprises analytical depiction of the global escalators market, with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
  • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
  • Porters Five Forces analysis illustrates the potency of the buyers and suppliers.

Escalators Market Key Segments:

The market is segmented on the basis of type, industry vertical, and geography.

By Type

  • Parallel
  • Multi-parallel
  • Walkway
  • Others (Crisscross and Spiral)

By Industry Vertical

  • Commercial
  • Public transit
  • Others (Institutional Sector and Residential)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled

  • Schindler Group
  • Kone Corporation
  • Thyssenkrupp AG
  • Dover
  • Hyundai Elevator
  • Fujitec
  • Mitsubishi Electric
  • SIGMA
  • Otis
  • Omega

Other Companies Mentioned in the Report

  • Hitachi Ltd.
  • Stannah Limited
  • Sainsbury
  • Toshiba
 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO Perspectives

 

Chapter: 3 MARKET OVERVIEW

3.1. REPORT DESCRIPTION
3.2. KEY BENEFITS
3.3. KEY MARKET SEGMENTS
3.4. RESEARCH METHODOLOGY

3.4.1. Primary research
3.4.2. Secondary research
3.4.3. Analyst tools and models

3.5. MARKET DEFINITION AND SCOPE
3.6. KEY FINDINGS

3.6.1. Top investment pockets

3.7. PORTER’S FIVE FORCES ANALYSIS

3.7.1. High bargaining power of suppliers
3.7.2. Low threat of new entrants
3.7.3. High threat of substitutes
3.7.4. Intense rivalry
3.7.5. Moderate bargaining power of buyers

3.8. MARKET DYNAMICS

3.8.1. Drivers

3.8.1.1. Development in real estate sector
3.8.1.2. Rising need for efficient and rapid transit system
3.8.1.3. Rapid urbanization

3.8.2. Restraints

3.8.2.1. Safety issues due to poorly maintained equipment
3.8.2.2. Lack of skilled workforce
3.8.2.3. Stringent government regulations

3.8.3. Opportunities

3.8.3.1. Emergence of green escalators
3.8.3.2. Technological advancements

Chapter: 4 ESCALATORS MARKET, BY TYPE

4.1. OVERVIEW
4.2. PARALLEL

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. MULTI-PARALLEL

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. WALKWAY

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. OTHERS (SPIRAL & CRISSCROSS)

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

Chapter: 5 ESCALATORS MARKET, BY INDUSTRY VERTICAL

5.1. OVERVIEW
5.2. COMMERCIAL

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. PUBLIC TRANSIT

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. OTHERS

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

Chapter: 6 ESCALATORS MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.2.4. U.S.

6.2.4.1. Market size and forecast

6.2.5. Canada

6.2.5.1. Market size and forecast

6.2.6. Mexico

6.2.6.1. Market size and forecast

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.3.4. Germany

6.3.4.1. Market size and forecast

6.3.5. UK

6.3.5.1. Market size and forecast

6.3.6. France

6.3.6.1. Market size and forecast

6.3.7. Russia

6.3.7.1. Market size and forecast

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.4.4. China

6.4.4.1. Market size and forecast

6.4.5. Japan

6.4.5.1. Market size and forecast

6.4.6. India

6.4.6.1. Market size and forecast

6.4.7. Australia

6.4.7.1. Market size and forecast

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
6.5.4. Latin America

6.5.4.1. Market size and forecast

6.5.5. Middle East

6.5.5.1. Market size and forecast

6.5.6. Africa

6.5.6.1. Market size and forecast

Chapter: 7 COMPANY PROFILES

7.1. CISCO SYSTEMS INC.

7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance

7.2. FUJITEC CO. LTD.

7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance

7.3. HITACHI LTD.

7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategic moves and developments

7.4. HYUNDAI MOTOR GROUP (HYUNDAI ELEVATOR CO., LTD.)

7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategic moves and developments

7.5. KONE OYJ (KONE CORPORATION)

7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategic moves and developments

7.6. MITSUBISHI ELECTRIC CORPORATION

7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategic moves and developments

7.7. SCHINDLER HOLDING LTD.

7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategic moves and developments

7.8. THYSSENKRUPP AG

7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategic moves and developments

7.9. TOSHIBA CORPORATION

7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategic moves and developments

7.10. UNITED TECHNOLOGIES CORPORATION

7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
7.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL ESCALATORS MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. PARALLEL ESCALATORS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. MULTI-PARALLEL ESCALATORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. WALKWAY ESCALATORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. OTHER ESCALATORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. GLOBAL ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 7. ESCALATORS MARKET REVENUE IN COMMERCIAL INDUSTRY, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. ESCALATORS MARKET REVENUE IN PUBLIC TRANSIT INDUSTRY, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9. GLOBAL ESCALATORS MARKET REVENUE IN OTHER INDUSTRIES, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. ESCALATORS MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. NORTH AMERICAN ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION),
TABLE 12. NORTH AMERICAN ESCALATORS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 13. U.S. ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 14. CANADA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 15. MEXICO ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 16. EUROPE ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 17. EUROPE ESCALATORS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18. GERMANY ESCALATOR MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 19. UK ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 20. FRANCE ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 21. RUSSIA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 22. REST OF EUROPE ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 23. ASIA-PACIFIC ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 24. ASIA-PACIFIC ESCALATORS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 25. CHINA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 26. JAPAN ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 27. INDIA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 28. AUSTRALIA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 29. REST OF ASIA-PACIFIC ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 30. LAMEA ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 31. LAMEA ESCALATORS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 32. LATIN AMERICA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 33. MIDDLE EAST ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 34. AFRICA ESCALATORS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 35. COMPANY SNAPSHOT: SCHINDLER GROUP
TABLE 36. COMPANY SNAPSHOT: KONE CORPORATION
TABLE 37. COMPANY SNAPSHOT: THYSSENKRUPP AG
TABLE 38. COMPANY SNAPSHOT: DOVER
TABLE 39. COMPANY SNAPSHOT: HYUNDAI ELEVATOR
TABLE 40. COMPANY SNAPSHOT: FUJITEC
TABLE 41. COMPANY SNAPSHOT: MITSUBISHI ELECTRIC
TABLE 42. COMPANY SNAPSHOT: SIGMA
TABLE 43. COMPANY SNAPSHOT: OTIS
TABLE 44. COMPANY SNAPSHOT: OMEGA

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP INVESTMENT POCKETS
FIGURE 4. TOP WINNING STRATEGIES IN ESCALATORS MARKET
FIGURE 5. TOP WINNING STRATEGIES ANALYSIS
FIGURE 6. MARKET SHARE ANALYSIS OF ESCALATOR COMPANIES, 2015 (%)
FIGURE 7. TOP IMPACTING FACTORS
FIGURE 8. ESCALATORS MARKET SEGMENTATION, BY TYPE
FIGURE 9. GLOBAL ESCALATORS MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
FIGURE 10. ESCALATORS MARKET SEGMENTATION, BY INDUSTRY VERTICAL
FIGURE 11. GLOBAL ESCALATORS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
FIGURE 12. ESCALATORS MARKET, BY GEOGRAPHY, 2015 (%)
FIGURE 13. NORTH AMERICA ESCALATORS MARKET REVENUE, BY COUNTRY & INDUSTRY VERTICAL, 2014-2022 ($MILLION)
FIGURE 14. EUROPE ESCALATORS MARKET REVENUE, BY COUNTRY & INDUSTRY VERTICAL, 2014-2022 ($MILLION)
FIGURE 15. ASIA-PACIFIC ESCALATORS MARKET REVENUE, BY COUNTRY & INDUSTRY VERTICAL, 2014-2022 ($MILLION)
FIGURE 16. LAMEA ESCALATORS MARKET REVENUE, BY COUNTRY & INDUSTRY VERTICAL, 2014-2022 ($MILLION)

 

Growth in construction market, upcoming metro projects, expansion of airport, and other advancements have revolutionized the escalators industry, worldwide. Rapid urbanization, boom in the real estate sector, and need for efficient & rapid transit systems are projected to drive the market. The demand for rapid and efficient transit systems for commuters has increased due to prominent development in the construction of shopping malls, railway & metro stations, and airports over the past few years. In addition, such constructions have fueled the growth potential for vertical transport industry, as escalators provide ease of transit in a short span of time. However, safety issues and lack of skilled workforce have restrained the market growth.

Asia-Pacific has witnessed significant developments in diverse industries such as hospitality, transport, and retail especially in the South-Eastern region. Countries, such as Indonesia and Malaysia, have witnessed increase in footfall of foreign tourists, which has in turn stimulated the construction of new hotels across the region. However, North America is expected to grow at a faster significant pace, as the escalators are widely deployed in metro stations to provide access to underground stations and platforms in the transit system. This has resulted in the adoption of maximum escalators as compared to other transit systems in North America. Also, this is a major growth potential for the market players in the region. Furthermore, modernization projects are highly opportunistic for market growth in the near future.

Out of commercial, public transit, and other industries, commercial has the highest market share due to their high durability and ability to handle high passenger inflow. Besides, the parallel escalators type dominated the market in 2015, and is anticipated to generate the maximum revenue during the forecast period.

Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover, Hyundai, Fujitec, Mitsubishi Electric, SIGMA, Otis, and Omega are some of the leading market players that occupy a prominent revenue share.

 

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