DUBLIN, Oct. 20, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/3t5nxv/strategic) has announced the addition of the "Strategic Assessment of the Elevator and Escalator Market in China 2015-2019" report to their offering.
The elevator and escalator market in China to grow at a CAGR of 14.04% in terms of volume during 2014-2020.
This report covers the present scenario and the growth prospects of the elevator and escalator market in China for 2015-2020. To calculate the market size, the report considers revenue generated from the installation of new units, and maintenance and modernization of existing elevators and escalators in China. The report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description of other prominent vendors operating in the market. It also discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
Vendors are increasing their R&D for the development of energy-efficient equipment that operates on minimum energy requirements. Companies such as Hitachi and Otis Elevator (China) Investment are developing energy-efficient systems to ensure they meet energy-saving requirements with regard to both function and design. Features such as energy regeneration, automatic light shutdown in idle state, and other energy-saving technologies are in demand in the elevator and escalator market in China.
According to the report, the population of China is aging rapidly. China's aging population is expected to surpass that of Japan and become the world's most aged society by 2030. The older population in China is expected to escalate to 330 million, accounting for a quarter of the total population by 2050. This aging population will require advanced healthcare services as well as assistance, thus generating demand for elevators and escalators and driving market growth.
Further, the report states that the high installation costs reduce the profit margins of vendors.
Key customer segments
- Commercial customers
- Non-commercial customers
Other prominent vendors
- Canny Elevator
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Industry overview
Part 06: Market landscape
Part 07: Elevator market in China
Part 08: Escalator market in China
Part 09: Elevator and escalator market in China
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information visit http://www.researchandmarkets.com/research/3t5nxv/strategic
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SOURCE Research and Markets