Market Research Reports - Ken Research Fujitec Japan Revenue from elevators & escalators | Page 3

globe with around 66,000 employees worldwide and has its headquarters in Farmington,
Connecticut, US. The company accounted for a share of ~% in the overall elevator and escalator
market in Japan during 2017. Kone was founded in Helsinki, Finland in the year 1910. The
company is one of the global leaders in manufacturing elevators and escalators. The company
has operations in over 60 countries and authorized distributors in around 80 countries across
the world. The company was also the pioneer of machine room less elevator system. The
company accounted for a share of ~% in the overall elevator and escalator market in Japan
during 2017. Fujitec was founded in Osaka, Japan in the year 1948. The company is one of the
leading manufacturers of elevators and escalators in the world. The company has its sales
offices across the globe and its operational headquarters in Americas, South Asia, East Asia and
Europe. The company accounted for a share of ~% in the overall elevator and escalator market
in Japan during 2017. Mitsubishi Electric is a Japanese company founded in 1921. The company
is a global behemoth and manufactures a range of other products as well. The company has a
well established sales network across the globe and in Japan. The company accounted for a
share of ~% in the overall elevator and escalator market in Japan during 2017. ThyssenKrupp is
a multinational conglomerate present in more than 80 countries and employs around 155,000
people. The group manufactures a range of products and elevators and escalators
manufacturing accounts for a substantial part of it. The company accounted for a share of ~% in
the overall elevator and escalator market in Japan during 2017. Other major players in the
Japanese elevator and escalator market are Hitachi and Toshiba.
Future Potential of Japan Elevators and Escalators Market
The revenue from the Japanese elevators and escalators industry is projected to register
modest growth over the period 2018-2022. It is projected to grow by CAGR of ~% over the
period 2018-2022 and is expected to reach USD ~ million in 2022 as compared to USD ~ million
in 2018. Owing to the financial stabilization of the country’s economy the real estate and public
infrastructure sector of the country is likely to have tremendous growth the future. The
government is investing heavily into the building and maintenance of public infrastructure
facilities. The real estate market is likely to witness substantial growth in Japan. Projects like the
“Park Court Akasaka Hinokicho The Tower”& “Park Court Aoyama the Tower” in Tokyo and
“Branz Tower Umeda North” & “The Fine Tower Umeda Toyosaki” in Osaka will catapult the
elevator and escalator market in the future. Similar projects are expected to come across all the
major cities in the country. The ageing population of the country has been projected to grow
substantially, which is further likely to create demand for elevators and escalators. The
takeover of Schindler’s Japanese business by Otis Japan has made the market more
concentrated and strengthened the presence of Otis in Japan. The company is expected to
further increase its business substantially in the country.