Elevator Market 2021: Size, Share, Analysis and Forecast-2027


Posted October 5, 2021 by Vaibhavwa_mrfr21

AbsoluteMarketInsights Presents “Elevator Market Research Report –Global Forecast to 2027” New Document to its Studies Database
 
Elevator Market 2021

AbsoluteMarketsInsights Presents “Elevator Market Research Report –Global Forecast to 2030” New Document to its Studies Database

Elevator Market is witnessing a notable growth. The increasing adoption of smart homes is one of the primary growth factors for this market. With the rising awareness of global warming and the growing adoption of digitization, there is a rise in the construction of green and eco-efficient homes. This led to the development of efficient designs such as pneumatic elevators that require less space and maintenance. Though high prices and high fragmentation of these devices pose a major challenge to their adoption, the rise in digitalization will fuel the demand for smart homes and homeowners will start installing smart elevators such as pneumatic lifts, propelling growth of the elevator market.

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Major Key Players:

The key participants in elevator market include Canny Elevators, Fujitec Co. Ltd, HYUNDAI ELEVATOR CO., LTD., Johnson Lifts, Kleenmann Group, KONE Corporation, Hitachi Lift Pvt. Ltd., Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Limited, Sigma Elevator Company, ThyssenKrupp Elevator AG, and Toshiba Corporation.

Key Findings of the Report:

Rapid urbanization, growing middle-class disposable income, rising private & public spending has boosted residential construction in developing countries and will further increase product application in this industry segment in the years to come.

By Product Type, Machine Room [MR] Traction segment will witness the highest market share, as they are majorly preferred for mid-rise as well as high-rise buildings owing to their longer travel distance and higher speeds

Asia Pacific held the largest market share in the global elevator market. Countries in Asia Pacific such as China, India and Japan the region is projected to see a significant rise in the construction sector, which can be attributed to rising private and public infrastructural development projects.

Market Segmentation

By Product Type

Hydraulic & Pneumatic

Machine Room [MR] Traction

Machine Room-Less [MRL] Traction

By Industry

Building & Construction

Residential

Institutional

Commercial

Industrial

By Geography

North America

U.S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

.…

Contact us:

Shreyas Tanna

Phone: +91-740-024-2424

Absolute Markets Insights

Email: [email protected]
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Issued By AMI
Country India
Categories Industry
Tags elevator market
Last Updated October 5, 2021