Elevator and Escalator Market in APAC 2024-2028

Elevator and Escalator Market in APAC 2024-2028

Global Elevator And Escalator Market In APAC 2024-2028

The elevator and escalator market in apac is forecasted to grow by USD 11.1 bn during 2023-2028, accelerating at a CAGR of 2.48% during the forecast period. The report on the elevator and escalator market in apac 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 growing high-speed metro projects, increasing government spending on infrastructure projects, and development of smart cities in apac region.

Technavio's elevator and escalator market in apac is segmented as below:

• By End-user
• Residential
• Non-residential
• By Product
• Elevator
• Escalator
• By Geographical Landscape
• APAC

This study identifies the growing investment in smart cities as one of the prime reasons driving the elevator and escalator market in apac growth during the next few years. Also, emergence of energy-efficient elevators and introduction of smart elevators will lead to sizable demand in the market.

The report on the elevator and escalator market in apac covers the following areas:

• Elevator and escalator market in apac sizing
• Elevator and escalator market in apac forecast
• Elevator and escalator market in apac 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 apac vendors that include Doppelmayr Seilbahnen GmbH, EITA Elevator M Sdn. Bhd, Fujitec Co. Ltd., Glarie Elevator Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., IFE Elevators Co. Ltd, KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sicher Elevator Co. Ltd., Sigma Elevator Co., Stannah Group of Co., Sunlong Elevator Co. Ltd., Suzhou Diao Elevator Co. Ltd., Syney Electric Co. Ltd., thyssenkrupp AG, Toshiba Corp., and Yuanda China Holdings Ltd.. Also, the elevator and escalator market in apac 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.