US Elevators and Escalators Market : The US market for elevators and escalators has been bifurcated into two segments ; new equipment installation and maintenance & modernization . In 2017 , the revenue contributed by installation of new equipment was ~% ( USD ~ million ) of the total elevators and escalators market in US . While the rest ~% ( USD ~ million ) of share in the market was contributed by maintenance and modernization of already installed equipments .
US Elevators Market Segmentation : The elevators market in the US has been further segmented by sector , by types of machinery , door types and by end usage . On the basis of sector , the elevator market can further be bifurcated into elevators used in commercial complexes ( retail spaces , office complexes , schools & colleges , hospitals , hotels and public infrastructure ( airports , railways etc .)) which contributed ~% ( USD ~ million ) of the overall elevator market in 2017 , while the rest ~% ( USD ~ million ) was contributed by elevators used in residential complexes . By type of machinery used , the elevator market was bifurcated into traction machinery which contributed ~% ( USD ~ million ) and the rest ~% ( USD ~ million ) was contributed by hydraulic machinery . The elevator market can also be bifurcated into Machine Room ( MR ) which contributed ~% ( USD ~ million ) and Machine Room Less ( MRL ) which contributed ~% ( USD ~ million ) of the overall elevator market in 2017 . The elevator market has also been bifurcated on the different types of doors used in an elevator . On the basis of end usage the elevator market has been segmented into passenger elevator market and material handling elevator market . The passenger elevator market contributed a share of ~% ( USD ~ million ) to the overall elevator market in 2017 , while the rest ~% ( USD ~ million ) was contributed by material handling elevator market .
US Escalators Market Segmentation : The escalators market in US has been further segmented by sector and by escalators & moving walkways . On the basis of sector , the escalators market can further be segmented into different types of commercial complexes ( retail spaces , office complexes , schools & colleges , hospitals , hotels and public infrastructure ( airports , railways etc .)). The market has also been segmented into stair escalators which contributed ~% ( USD ~ million ) and moving walkways which contributed the rest ~% ( USD ~ million ) to the overall escalators market in US in 2017 .
Competitive Scenario in US Elevators and Escalators Market
The elevators and escalators market is highly concentrated and comprises of all the global players of the industry . The competition in the market is high as companies follow globally accepted standards . The entry of a new player is extremely difficult as the investment capital is very high . Companies have their own sales office and team in different parts of the country . The