Illumination of Global Elevators Market by Application Analysis, Regional Outlook, Competitive Strategies And Forecast by 2023

ResearchMoz added Latest Research Report titled ” Elevators Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023 ” to it’s Large Report database.

Elevators and escalators, which have become an integral part of the urban landscape, are installed in various public and private places such as retail outlets, hotels, IT parks, mixed-used buildings, residential buildings, commercial buildings and restaurants for the movement of people and good within the premises. All these public and private places with long walking distances and multiple floors make use of elevators to improve customer experience. The elevators are also installed in airports and vehicle parking. The vendors in the global elevator market compete on the basis of the installation, maintenance and modernization services for gaining prominence in the market. The global elevators market has been segmented on the basis of its types, application areas and geography.

Rapid urbanization and an increase in geriatric population globally coupled with the maintenance and modernization of the existing elevators are strongly driving the growth of the global elevators market. Furthermore, growing green building market facilitating the installation of “energy-efficient elevators” is steadily boosting the market growth. As buildings become more intelligent and rise higher, efficient elevator and escalator systems are having a significant impact by considerably driving down the costs of operating a building and allowing people to travel farther, more efficiently.

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New technologies adopted by the key players in the elevator market, such as coated steel belts which are helping to replace the conventional cable ropes in a few elevators are allowing for more efficient operation. The conjoint effect of all these drivers is thus set to bolster the growth of the global elevators market during the forecast period.

The continuing evolution of the Internet of Things (IoT) in the elevators market is offering a substantial growth opportunity to the growth of the global market. Internet of Things (IoT) is the interconnection of various devices and equipment which deliver a large amount of data over the internet. IoT makes it possible for a product to collect, exchange and analyse data with its operator, manufacturer and other devices, which is highly relevant to the elevator industry. IoT enables modern elevators to anticipate traffic and respond in real-time intelligently, communicate with service teams and allow passengers to summon the elevators via a mobile application. Further, by using a connected sensor in an elevator, the flow of passengers can be better managed by alleviating wait time. Dominant players in the elevator market such as ThyssenKruup Elevators, Otis Elevator Company and KONE Corporation are joining forces with Microsoft and IBM respectively for augmenting their operations and technological capabilities with IoT cloud services and advanced analytics technologies.

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Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Elevators Market: Market Overview
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Drivers
3.3.1 Growing Green Building Market Facilitating the Installation of Energy-Efficient Elevators
3.3.2 Rapid Urbanization and Increase in Geriatric Population
3.3.3 Maintenance and Modernization of Existing Elevators
3.4 Market Restraints
3.4.1 Stringent Government Regulations
3.5 Market Opportunities
3.5.1 Continuing Evolution of Internet of Things (IoT) in Elevators
3.5.2 New Technology Usage
3.6 Market Attractiveness Analysis: By Application
3.6.1 Market Attractiveness Analysis: Recommendations
3.7 Global Elevator Market: Company Market Share Analysis
3.7.1 Market positioning of key players, 2015
3.7.2 Competitive strategies adopted by leading players

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