Elevator And Escalator Market In Australia 2023-2027
The elevator and escalator market in Australia is forecasted to grow by USD 507.45 mn during 2022-2027, accelerating at a CAGR of 4.25% during the forecast period. The report on the elevator and escalator market in Australia 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 smart elevators, increased urbanization, and growing demand for eco-friendly elevators and escalators.
Technavio's elevator and escalator market in Australia is segmented as below:
By Product
By Service
- New installations
- Maintenance
- Modernization
By Geographical Landscape
This study identifies elevator maintenance using IoT platform as one of the prime reasons driving the elevator and escalator market in Australia growth during the next few years. Also, the use of regenerative drives in elevators and escalators and the increasing adoption of predictive maintenance will lead to sizable demand in the market.
The report on the elevator and escalator market in Australia covers the following areas:
- Elevator and escalator market sizing in Australia
- Elevator and escalator market forecast in Australia
- Elevator and escalator market industry analysis in Australia
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 Australia vendors that include Austand Edunburgh Elevators Pty Ltd, Brilliant Lifts Australia, E Lift, Easy Living Home Elevators Pty Ltd., Forte Lift Service, GOINGUP ELEVATORS PTY LTD, Grant Elevators, Hitachi Ltd., IFE Elevators and Escalators Australia, Kleeman Hellas S.A., KONE Corp., Mitsubishi Electric Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Savaria Corp., Schindler Holding Ltd., Shotton Group, Southern Lifts Pty Ltd., TK Elevator GmbH, and WITTUR HOLDING GmbH. Also, the elevator and escalator market in Australia 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.