- The key vendors in the Global Elevators and Escalators Market 2014-2018 are KONE Inc., Otis Elevator Company, Schindler Holding AG and ThyssenKrupp Elevator AG.
London, 04 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Elevators and Escalators Market 2014-2018. The Demand for energy-efficient elevators and escalators is one of the emerging trends in the market. With focus on the environment, there is an increased need for eco-friendly and energy-efficient escalators and elevators. Most of the major vendors are focusing their efforts on manufacturing environmentally sustainable elevators and escalators. The Global Elevators and Escalators market is expected to grow at a CAGR of 5.82 percent during the period 2013-2018.
“Smart elevators help to achieve green infrastructure standards and also help in addressing customers’ security concerns with technologically advanced features,” says Faisal Ghaus, Vice President of TechNavio Research.
“Smart elevators have faster moving capability compared with conventional elevators, which reduces the time taken for movement in high-rise buildings. Vendors in the market manufacture smart elevators to remain competitive.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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