Title: Elevator Market trends research and projections for 2018- 2025
1Elevator Market growth outlook with industry
review and forecasts 2018-2025 Global Market
Insights, Inc.
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2- Global Market Scenario of Construction Industry
- Global Elevator Market share is expected to
exceed USD 130 billion by 2025., says a new
Global Market Insights, Inc. report highlighting
the key industry trends across the product,
end-user, and regional landscape. - Mounting expenditure on construction and
refurbishment projects will favorably impact lift
market growth in the forthcoming years. - According to the report, hydraulic pneumatic
products accounted for one-fifth of the Global
Elevator Market share in 2017. As these products
are characterized with lesser maintenance
installation costs they are gaining significant
momentum across the industrial sector. The
segment is anticipated to record an annual growth
rate of 3 over 2018-2025.
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3Continue-
- The residential building construction
sub-segment is expected to attain 5 CAGR over
2018-2025, owing to the robust development in
residential buildings and complexes, especially
across the developing economies such as Chile,
Peru Malaysia.
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5- Huge investment in building renovation and
construction activities will majorly fuel the
North America elevator market growth. Frequent
repair maintenance activities of lift services
and strict building and safety codes in the U.S.
have further proliferated market demand.
Estimates claim that North America elevator
market is likely to expand at a CAGR of 3 over
2018-2025.
- The key players profiled in the elevator market
report are Orona S.C., KONE Oyj, Fujitec Co.,
Ltd., Mitsubishi Electric Corporation, Otis
Elevator Company and its parent company - United
Technologies Corp., Schindler Group, Thyssenkrupp
Elevator Technology (Thyssenkrupp AG), Express
Lifts ltd, Hitachi, Ltd., Glarie Elevator Co.
Ltd., Hyundai Elevator Co. Ltd., Shenyang Yuanda
Intellectual Industry Group Co., Ltd., Eita
Elevator (Malaysia) Sdn Bhd (Eita Resources
Berhad), Toshiba Elevator and Building Systems
Corporation, Escon Elevators Private Limited. The
companies have been profiled in terms of their
SWOT analysis, product portfolio, and strategic
outlook.
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