The purpose of the report is to illustrate the state of the market of Escalators & Moving Walkways, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Escalators are load carrying units installed at multi-storey commercial buildings and public transits for managing the traffic between floors. Moving walkways are units installed especially at public transport facilities like airports and railway stations to quickly move passengers and their luggage to desired destination on time. Similarly at shopping centers and supermarkets, escalators help in routing shoppers to right locations. In order to effectively manage commuter traffic, these equipment are equipped with photoelectric and inductive proximity sensors to detect presence of commuters and ascertain speed, direction, and position of escalator respectively.
The global escalators and moving walkways market will witness steady growth during the forecast period, majorly on the back of rapid urbanization and flourishing commercial real estate worldwide. A dominant trend of the construction industry going green, especially in developed economies can be seen with several energy efficient products introduced over the last few years. As per the statistics released by the U.S. Green Building Council, non-residential green buildings, which accounted for only 2% of the overall commercial constructions in the U.S. in 2005 have increased to 55% by 2017. This paradigm shift towards green buildings will create huge opportunities for manufacturers as they shift their focus towards energy efficient variants and related accessories. For instance, KONE Corporation, one of the leading manufacturers is focusing on limiting the energy consumption of their escalators and has adopted several requisite measures. In addition, the company has developed an accessory, an advanced energy consumption tool capable of measuring the total energy consumption of escalator and auto walks, thereby exploring the market for related accessories as well.
Even though Asia Pacific tails North America and Europe in terms of value contribution, improving standard of living, speedy urbanization, and upcoming public transit projects will make Asia Pacific the most attractive business destination in the coming years. The presence of domestic manufacturers together with entry of international players is expected to augment market competition, supporting market growth in the region. China, India, Japan, and Korea represent major markets. In developed markets such as Europe and North America, sales from maintenance and upgrading are expected to grow at higher rate than new installations due to stringent safety requirements and aging of existing units. Key companies profiled in the research study include Otis Elevator Company, Fujitec, KONE Corporation, Schindler, Sigma Elevator Company, Thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., Toshiba Corporation, Hyundai Elevator Company, Stannah, Kleemann Hellas SA, Sicher Elevator Co., Ltd., Stein Ltd, and Gulf Elevator & Escalator Co. Ltd. among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Escalators & Moving Walkways buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Escalators & Moving Walkways contains:
Analysis and forecast of Escalators & Moving Walkways market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Escalators & Moving Walkways market;
Assessment and forecast of Escalators & Moving Walkways market development;
Financial and business profiles of the leading companies in the Escalators & Moving Walkways industry.
– Up to date working Escalators & Moving Walkways data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Escalators & Moving Walkways for the period 2018 to 2026
– Planned Escalators & Moving Walkways additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Escalators & Moving Walkways projects by region, key countries, and companies
– Details of major planned Escalators & Moving Walkways projects in the world up to 2026
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