Market Research Reports - Ken Research US Elevator and Escalator Market Major Players

US Elevator and Escalator Market Outlook to 2022: Ken Research
The report titled “US Elevators and Escalators Market by New Equipment Installation &
Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door
Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving
Walkways) - Outlook to 2022” provides a comprehensive analysis of elevators and escalators
market in US. The report covers US elevators and escalators market size, market segmentations
by new equipment installation & maintenance & modernization, by elevator (by end usage
(passenger elevator market and material handling market), by type of machinery (traction (gear
& gearless) & hydraulic (conventional hydraulic & roped) and MR & MRL), by door types and by
sector (commercial complexes and residential complexes)) and by escalator (by end usage and
by escalators & moving walkways). The report also covers market in different aspects such as
trends and developments, issues and challenges, Porter Five Force analysis, contract for
installation and maintenance of an elevator or escalator, safety rules issued by regulating
authority, market share of major companies, company profiles of major players (Kone, Otis,
FujiTec, Schindler, Mitsubishi and ThyssenKrupp) in elevators and escalators market. The report
provides detailed overview on future outlook & projections with analyst recommendations for
the industry.
Industry Overview
The US economy has financially stabilized since the crises and it appears as the worst of the
recession is over. The economy is gradually expanding and is likely to continue the trend in the
future. The unemployment levels are the lowest since 2000 and the fiscal policy has stimulated
growth in investment and consumption. Many large cities in the country, such as New York, Los
Angeles and Miami are showing tremendous growth in high-rise/commercial construction
industry. The elevators and escalators market has also grown substantially in the country. The
market has witnessed growth at a rate of ~% during 2012-2017. The overall market grew from
USD ~ million in 2012 to USD ~ million in 2017. In the wake of the economic crises, companies
operating in the elevators and escalators market are beginning to land with new contracts. The
increased spending on hotels, office buildings, warehouses and data centers for maintenance
and modernization have supported the growth in the industry. The demand for skilled workers
for maintenance and up-keeping has increased in the past few years. The American Society of
Mechanical Engineers (ASME) code that regulates the safety standard for elevators and
escalators is frequently revised for ensuring safety of the users. The companies regularly
modernize their installed equipment to comply with the regulation. With the revival of the
economy the construction industry is also booming and so is the market for elevators and
escalators in the country.
Market Segmentation of US Elevators and Escalators Market