PUNE, India, August 11, 2016 /PRNewswire/ --

The report "Elevators and Escalators Market by Type (Elevators, Escalators & Moving walkways), Service (New installation, Maintenance & Repair & Modernization), Elevator Technology (Traction, Machine room-Less & Hydraulic), & End-use Sector - Global Forecast to 2021" published by MarketsandMarkets, The market size is estimated to grow from USD 88.78 Billion in 2015 to USD 125.22 Billion by 2021, at a CAGR of 6.01%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 211 market data Tables and 54 Figures spread through 227 Pages and in-depth TOC on "Elevators and Escalators Market"

http://www.marketsandmarkets.com/Market-Reports/elevator-escalator-market-221792102.html 

Early buyers will receive 10% customization on this report.

Factors such as increasing demand in Asia-Pacific and the growing demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are the drivers for the growth of the Elevators & Escalators Market.

End-use industries such as residential and commercial to gain maximum traction during the forecast period 

The residential segment dominated the market in 2015 and is projected to be the fastest-growing end-use industry in the next five years, as a result of the rising demand for elevators by the residential property developers in the their technologically advanced high rise buildings. Furthermore, the commercial segment is projected to be the second fastest-growing end-use industry due to the increasing number of business spaces and shopping malls, among others in cities across the world which demand equipment such as elevators, escalators, and moving walkways for the comfortable transportation of people and goods.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=221792102

New installation as a service to witness the highest growth in the Elevators & Escalators Market 

The report defines and segments the Elevators & Escalators Market on the basis of services offered into new installation, maintenance & repair, and modernization. The new installation segment is projected to grow at the fastest CAGR due to the growing demand from emerging countries such as China and India, which are ranked first and second, respectively, in the global Elevators & Escalators Market. The second fastest growing sector is maintenance & repair, the reason being, all new and existing structures that are installed require periodical maintenance & repair for their smooth functioning. This makes the maintenance & repair market very lucrative and fast growing.

"Asia-Pacific region to be the largest market for elevators & escalators during the forecast period." 

The Asia-Pacific region leads the market due to its large population and its growing demand for residential, commercial, institutional, and infrastructure spaces. As elevators & escalators have widespread application in all these end-use industries, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for this equipment. This is followed by Europe, which is the next largest market for elevators & escalators followed by North America and Rest of the World.

The global market for elevators and escalators is dominated by players such as KONE Corporation (Finland), United Technologies (U.S.), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), ThyssenKrupp AG (Germany), FUJITEC (Japan), Hitachi Ltd. (Japan), Hyundai Elevator Co., Ltd. (South Korea), Toshiba Corporation (Japan), and Electra Ltd. (Israel).

Browse Related Reports:  

Door Systems Market by Type (Wood, Metal, Glass, Plastic & Composite), Mechanism (Swinging, Sliding, Folding, Revolving & Others), Technology (Manual, Access Control & Automatic), Application (Residential & Non-residential) & Region - Global Trends & Forecasts to 2020

http://www.marketsandmarkets.com/Market-Reports/door-systems-market-67462486.html

Construction Glass Market by Type (Low-E, Special), Application (Residential, Commercial, Others), Manufacturing Process (Float, Rolled/Sheet), Chemical Composition (Soda-Lime, Potash-Lime, Potash-Lead), & by Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/construction-glass-market-107176999.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets