Market Research Reports - Ken Research US Elevators and Escalators Market Outlook

US Elevators and Escalators Market is Led by Stabilizing Economy and Rise in Construction of
High-Rise Commercial and Residential Complexes: Ken Research
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.
Elevators and Escalators market in US has been supported by maintenance and modernization
of existing equipments and the stabilizing economy of the country.
The increasing investment by the government in public infrastructure and rise in number of
commercial and residential complexes will lead the growth of the US elevators and escalators
market in the upcoming years.
The US is gradually reviving from the economic crises of 2007. The expansion of the economy is
likely to continue on the back of strong business and consumer confidence. Owing to the fiscal
policy of the country it is assumed that the tax rates will be lowered and the investment and
consumption will increase. There is a positive outlook towards business in the country. The
government’s investment in public infrastructure is expected to increase in the future. With the
development of public spaces in towns and cities the demand for elevators and escalators will
be augmented in the future.
The companies in the industry are constantly investing in development of new technology and
safe designs. The introduction of these pioneering designs and innovations instill growth in the
industry for years to come. The integration of mobile technology is opening new gates of
innovation & operational efficiency for companies and making jobsites safer for workers. The
number of commercial and residential complexes throughout the country is increasing
substantially. A boom in the US real estate sector is expected after years of negative growth.
The unemployment rate in the country has fallen substantially and is expected to dip further.
The migration towards town and metro cities is expected to increase, which will lead to
increase in urban population of the country. Increase in urban population will further create
demand for housing and commercial space and will positively affect the elevator and escalator