Global demand for elevator equipment and services is forecast to grow 5.9 percent annually to $121 billion in 2019. Growth in the leading Chinese market will slow but still rise 10 percent annually. The emphasis on space and energy saving technologies such as machine room-less (MRL) elevators will continue to increase.This study analyzes the $91 billion world elevator industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (e.g., passenger and freight elevators, escalators and moving walkways) and service (installation, modernization and repair) for six world regions and 20 major countries.The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 40 industry players, including Otis Elevator, Schindler, and KONE.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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