This market study segments the elevator and escalator market in France by product and includes sectors like elevators and escalators. The report also provides an analysis of the key trends, drivers, and challenges that influence market growth. Leading vendors analyzed in this market research are KONE, Otis, Schindler, and ThyssenKrupp.
Technavio’s market research analysts estimate the elevator and escalator market in France expected to grow at a CAGR of around 4% between 2015 and 2019. Much of this market’s growth can be attributed to the recovery of the construction market, especially in the residential construction and real estate sectors. Moreover, the growing focus on revamping the country’s existing infrastructure is expected to bolster market growth during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the elevator and escalator segments by technology.
“High demand for replacement and modernization is gaining traction in this market. In 2014, it was estimated that France has one of the largest installed bases for elevators and escalators in Europe. Since most of these elevators and escalators in France have completed their life cycle of 20-30 years, there is a high demand for replacement of these equipment, which in turn is expected to boost the demand for new elevator and escalator installations in the country,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research
This market research study predicts the escalators segment to exhibit the highest market growth rate during the forecast period. High CAGR of this segment can be attributed to factors like the increasing government focus on revamping the existing infrastructure in the country. Moreover, the market for maintenance and repair of escalators is also expected to grow during the forecast period.
The leading vendors in the elevator and escalator market in France include KONE, Otis, Schindler, and ThyssenKrupp. This market is dominated by large vendors who primarily focus on providing elevator and escalator installation, maintenance, and modernization solutions for large-scale public infrastructure, residential, and commercial construction projects. The smaller vendors in this market provide installation, maintenance, and modernization services to SMEs, small construction companies, and developers that engage mainly in small-scale residential development projects.
A more detailed analysis is available in the Technavio report, Elevator and Escalator Market in France 2015-2019.
We can customize reports by other regions and specific segments upon request.
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