In a recent published report, Kenneth Research has updated the market report for Escalators Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Escalators Market products.
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“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Escalators Market is estimated to reach $6,504 million by 2025; growing at a CAGR of 6.6% from 2017 to 2025. An escalator is a conveyor transportation machine for transporting people. It consists of a staircase whose steps move down or up on tracks that keep the surfaces of the individual steps horizontal. Escalators are widely used in various department stores, shopping centers, cinemas, sports complexes, exhibition halls, airports, railway stations, metro stations and a host of other buildings. Escalators can transport large numbers of people. quietly, efficiently, and safely. It operates at a speed of 30 meters (100 ft) per minute approx. It can handle high traffic, and in multi-level retail hubs it plays an important role in safeguarding that all floors are visited consistently. It can carry large no. people and goods transportation solution.
Rapid urbanization, increasing development in real estate sector, and necessity for rapid & efficient transit systems are the major factors propelling the growth of the market. In addition, increasing demand from various industry verticals such as residential, commercial, and public transit, among others have also stimulated the market growth. However, safety issues and high maintenance costs are restraints for the market growth. Moreover, development of innovative technologies, growth in construction industry, and upcoming metro projects in the developing countries would unfold profitable growth opportunities for the market in the forthcoming years.
Type, industry vertical, and geography are the bifurcations of the global escalators market. Type segment includes parallel, multi-parallel, walkway, and other types (Spiral and crisscross). By industry vertical, the market is segmented as commercial, public transit, and other industry verticals (Institutional sector and residential).
Based on geography, the global escalators market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexica, whereas Europe consists of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, Australia, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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Some of the major players operating in the market include Mitsubishi Electric Corporation, Sigma-Aldrich Corporation, Otis Elevator Company, Schindler Group, Kone Corporation, Thyssenkrupp AG, Dover Corporation, Canny Elevator Co., Ltd., Hyundai Elevator Co. Ltd., and Fujitec Co., Ltd., among others.
The key takeaways from the report
The report will provide detailed analysis of Global Escalators Market with respect to major segments such as type, industry vertical, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Escalators Market has been included in the report
Profile of the key players in the Global Escalators Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Escalators Market
Type Segments
Parallel
Multi-Parallel
Walkway
Others Types (Spiral and Crisscross)
Industry Vertical Segments
Commercial
Public Transit
Other Industry Verticals (Institutional Sector and Residential)
Geographical Segments
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North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Escalators Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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