Prominent players present in the global escalators & moving walkways market include KONE Corporation, Otis Elevator Co., Schindler, Mitsubishi Electric, Fujitec, Thyssenkrupp AG, Hitachi, Hyundai Elevator company, Toshiba Corporation, Sigma Elevator Company, Stannah, Sicher Elevator, Stein Ltd, and Gulf Elevator & Escalator.
Selbyville, United States - January 23, 2019 /MarketersMedia/ —
Asia Pacific escalators and moving walkways market, strongly led by China, is said to have a significant share in the global escalators industry owing to huge development and modernization activities carried out in the country. The India escalators and moving walkways market is said to grow with a CAGR slightly lesser than 5%. The moving walkways segment in India is said to surge to around USD 65 million by the end of the forecast spell.
Escalators & Moving Walkways Market size will surpass USD 20 billion by 2025. Increasing urbanization owing to growth of industrialization and infrastructure in developing countries such as China, India, and Indonesia for better income opportunities and standard of living, will spur the demand for energy efficient and eco-friendly escalators and moving walkways market. Significant number of people move into urban cities each day resulting into a growth of the installed base.
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Considering product, the escalators segment has been further bifurcated into multi-parallel, parallel and others segment which consists elevators such as spiral, crisscross, etc. The parallel segment finds major application in shopping malls, commercial spaces, airports, and other conventional and public buildings. The segment is said to hold a major share of over 50% in the global escalators market by the end of 2025.
Moving walkways segment is said to exhibit decent growth in the forecast time spell owing to its increasing usage in airports and metro stations. This segment is said to surpass USD 430 million in the U.S. by 2025 with a CAGR of around 3% owing to huge number of airports and shopping malls.
Based on application, the airports segment holds the second largest share and is said to easily surpass USD 4 billion by the end of the forecast time frame. China public transit application segment is said to grow at a CAGR of over 5% to surpass USD 1 billion by 2025, driven by the steadily growing urban population and working culture development in the country.
To browse key industry insights spread across 320 pages with 269 market data tables & 24 figures & charts from the report, “Escalators & Moving Walkways Market Size By Product (Escalators [Parallel, Multi-Parallel], Moving Walkways), By Application (Public Transit, Airports, Retail, Institutional), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents, please click below:
https://www.gminsights.com/industry-analysis/escalators-and-moving-walkways-market
Primary Growth drivers in the market are:
1. Demographic change across the globe
2. Rising number of airports and shopping malls
3. Increasing urbanization in the emerging economies
Primary manufacturers in the escalators and moving walkways market include Mitsubishi Electric, Schindler, Otis Elevator Company, KONE Corporation, Toshiba Corporation, Hyundai Elevator, etc. to name a few.
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Escalators and moving walkways market research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD million from 2014 to 2025, for the following segments:
Escalators & Moving Walkways Market, By Product
• Escalators
• Parallel
• Multi-parallel
• Others
• Moving Walkways
Escalators & Moving Walkways Market, By Application
• Public transit
• Airports
• Retail
• Institutional
• Others
Browse Full Table of Contents (TOC) @ https://www.gminsights.com/toc/detail/escalators-and-moving-walkways-market
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