- The key vendors in the Elevator and Escalator Market in Japan 2014-2018 are Fujitec Co. Ltd., Hitachi Ltd., Mitsubishi Electric Corp. and Toshiba Corp.
London, 11 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Elevator and Escalator Market in Japan 2014-2018. One major trend upcomimg in this market is the emergence of energy-efficient elevators and escalators. Vendors are spending more on their R&D activities to develop new and innovative products that consume less energy owing to the growing demand for energy-efficient elevators and escalators in Japan. The Elevator and Escalator market in Japan is expected to grow at a CAGR of 4.73 percent during the period 2013-2018.
The maintenance and repair of elevators and escalators has become a major source of revenue in the Elevator and Escalator market. The maintenance and repair of installed elevators and escalators accounted for 45.00 percent of the total revenue generated in the Elevator and Escalator market in Japan in 2013.
“Vendors in the Elevator and Escalator market in Japan are engaged in manufacturing some of the world’s fastest elevators, achieving speeds up to 25 m/s,” says Faisal Ghaus, Vice President of TechNavio Research.
“This trend of introducing high-speed elevators is expected to further contribute to the growth of the Elevator and Escalator market in Japan.”
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
