Elevator And Escalator Market In US 2024-2028
The elevator and escalator market in US is forecasted to grow by USD 2.82 bn during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the elevator and escalator market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for elevators and escalators due to changing demographics, demand for modernization and maintenance of elevators and escalators, and increasing adoption of smart homes.
Technavio's elevator and escalator market in US is segmented as below:
By Product
By Service
- New installations
- Maintenance
- Modernization
By Application
- Commercial
- Residential
- Industrial
This study identifies the rise of smart elevators as one of the prime reasons driving the elevator and escalator market in US growth during the next few years. Also, increasing adoption of energy-efficient elevators and escalators and elevators as architectural ornaments will lead to sizable demand in the market.
The report on the elevator and escalator market in US covers the following areas:
- Elevator and escalator market in US sizing
- Elevator and escalator market in US forecast
- Elevator and escalator market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in US vendors that include AVT Beckett, Colley Elevator Co., Delfar Elevator Co Ltd, Delta Electronics Inc., Doppelmayr Seilbahnen GmbH, Fuji Electric Co. Ltd., Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., K. A. Schmersal Holding GmbH and Co. KG, KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Prysmian Spa, Savaria Corp., Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., Weidmuller Interface GmbH and Co. KG, and WITTUR HOLDING GmbH. Also, the elevator and escalator market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.