TechNavio today launched its report Global Elevator and Escalator Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”In the last few years, there has been a rapid increase in the competition among elevator and escalator vendors in the market. This intensifying competition leads to a decrease in the overall price of elevators and escalators. Consequently, there is an increase in price wars among the players in the market. Moreover, with the advancement of technology, the cost of developing moderate-capacity elevators and escalators is decreasing. This is also due to the large variety of vendors and their varying pricing strategies aimed at capturing significant shares in the market. Furthermore, vendors are focusing on the development of economically priced products in an attempt to tap the price-driven market sector.”
According to the report, one of the main drivers is the increased need for comfortable movement. Elevators and escalators are deployed in buildings since they are easier to use and more efficient than staircases. Moreover, escalators and elevators enable efficient transport within buildings.
Further, the report discusses that the need for continuous support and maintenance acts as a barrier to the adoption of elevators and escalators.
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 a SWOT analysis of the key vendors. For further information on this report, please visit http://goo.gl/M9gAz
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research report – Global Elevator and Escalator Market 2011-2015
