Elevators & escalators are modes of vertical transport system used in multistorey buildings and spaces. They are used to help people save the effort and time to climb up and down the staircases, which is always not feasible. Elevators and escalators differ mainly in their structural build and the reach they have. While elevators or lifts are cubicles that carry people up and down the length of the building, escalators are basically mechanised moving staircases with the steps attached on a rotating chain.
Escalators help people alight from one floor or level to another and would require a network to traverse all the floors. They can handle a continuous flow of traffic. Elevators move vertically from floor to floor and can only handle a limited capacity of weight. With the rapid rate of urbanization, and public spaces and high rise buildings all around, these modes of transport and infrastructure are more of a necessity. The report on the global elevators & escalators market shows the trends and developments and gives a forecast of the market up to the year 2015.
The report gives a look into the global market in terms of consumption, revenue, gross margin, and the cost of production. Profiling the key players and key markets, the report aims to study their market shares and contribution, and also the recent developments and the growth strategies adopted. The CAGR and the market value and volume are some of the other indicators used in the report. The various economic and demographic factors affecting the global elevators & escalators market both at the global and regional level, based on the segments, have been covered.
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Market Analysis by Players:
The market segmentation in this report is based on the product type in which two products are covered – elevators & escalators. The markets pertaining to each of these products vary based on the application and the user end needs. The other major segmentation could be based on the product application, which is a need-based demarcation. The two major segments in the elevators & escalators report would be the commercial buildings – malls, exhibition halls, and also all public spaces like stations, airports and hospitals, and residential buildings – mainly high rise apartments. The former would need escalators to help ease the traffic moving from successive floors and elevators to access each of the floors.
The global elevators & escalators report gives insights into the regional markets based on the data collected from the past years, by studying the market status, market share, growth rate, and the future trends in the key regions. It gives a comprehensive view of the market dynamics, market drivers, opportunities and challenges prevalent in these regions. Since the construction industry and infrastructural developments go hand in glove with the escalator and elevator market, this may be a major factor to consider while looking at the regions. The key regions covered in this report are USA, South America, Europe, Southeast Asia, Japan, China, India, and South Africa. The report gives an understanding of the production, consumption, and imports and exports in each of these regions.
India’s top elevator and escalator company Johnson Lifts has registered significant growth in recent times with INR 138 crore capacity expansion. This, along with significant market penetration and countrywide presence, and increased clientele has taken over a fifth of the market share. The elevator segment itself has seen a surge with the volume of sales almost doubling in the past five years. Investing INR 13cr in expanding its Oragadam unit with a second production line, the company has also increased the production of escalators. This addition would see the production increase by 500 units per annum.
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