Escalator Market to Upsurge by USD 130 billion by 2023 - Reuters

 

Escalator Market to Upsurge by USD 130 billion by 2023

Escalator Market to Upsurge by USD 130 billion by 2023

Tue Jun 19, 2018 - 03:30am UTC

The global escalator market is anticipated to witness a substantial market growth in the future years, according to a report published by S&P consulting. KONE EcoMod and KONE InnoTrack are some ground-breaking innovations that offer, reliability, efficiency and safety for commuters.

Dallas, United States – June 18, 2018

The global escalator market is anticipated to witness a substantial market growth in the future years, according to a report published by S&P consulting. KONE EcoMod and KONE InnoTrack are some ground-breaking innovations that offer, reliability, efficiency and safety for commuters. KONE InnoTrack is the first autowalk of its kind which does not contain pits. The state-of-the art design allows its installation on any floor with custom options such as shorten, modify the color, re-install and move it other location. KONE is thus constantly doling out several innovations for escalator and autowalk to turn them into more energy efficient.

Read full report @: https://www.upmarketresearch.com/reports/Global-Escalator-Industry-Market-Analysis-Forecast-2018-2023

Escalator market is driven by factors such as increasing demands by emerging economies and end-use industries coupled with upsurge in urbanization, progress in real estate and demand for efficient and prompt transportation systems.
Escalator market is segmented on the basis of verticals, service, technology and geography. Vertical segment includes commercial, residential and public transit. Commercial sector dominates the market growth in the forecast period in terms of revenue and market share. Escalator type is further segmented into walkaway, parallel and spiral. Parallel escalators are likely to dominate the market growth in the forthcoming period.

Request sample copy of this report @: https://www.upmarketresearch.com/home/requested_sample/384

Technology segment is trifurcated into machine less, hydraulic and traction. Hydraulic component dominated the market segment due to adoption of modernization approach for building escalators and elevator technology.
Geographical segmentation for escalator market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific escalator market is anticipated to grow at a higher CAGR in the forthcoming period due to inflated demands from end-user industries and modernization of public infrastructure.
The key players in the escalator market include Kone Corporation, Otis Elevator Company, Thyssenkrupp AG, Schindler Group, Hitachi, Ltd., Fujitec, Toshiba Elevators and Building Systems Corporation, Mitsubishi Electric Corporation, SJEC Corporation, Hyundai Elevator Co., Ltd., Canny Elevator, Kleeman Hellas SA and Shanghai Mechanical.

Enquire more details of the report @: https://www.upmarketresearch.com/home/enquiry_before_buying/384

About Us:

Up Market Research (https://www.upmarketresearch.com) is a leading distributor of market research report offered by genuine publishers. Our motto is to enable a full-fledged market report demonstrating factual content so that our clients have a close chance to look for quality samples before banking upon any investment decision. Our clients can browse through our vast reports database for sample reports before choosing to buy. Our in-house panel of analysts and consultants has a scrupulous approach prior to report publishing and also ensure that our clients receive updated reports within the specified time. Post-sales client consultation is a value-added service on association. Keeping the clients updated with latest market trends and informed business decisions can help them driving relevant business resources forms the basis of our success story.

Contact Info:
Name: Alex Mathews
Email: Alex@upmarketresearch.com
Organization: UpMarketResearch
Address: 500 East E Street, Ontario, CA 91764, United States
Phone: +1 347-377-7033

This content is produced independently of Reuters Editorial News. For content inquiry, please contact reuters@vcnewsnetwork.com

For content enquiry, please reach us at

Latest News >

AEC Securities to invest in Singapore’s Doctor Scheduling and Healthcare News Portal GetDoc

The investment from AECS comes after GetDoc’s announcement regarding its US$1.6 million funding to expand in Thailand

06:56am UTC

500 TuksTuks to raise US$20 million for second vehicle

The investment vehicle is launched with the aim of backing 150 startup ventures - including one prized startup that has garnered unicorn status.

10:30am UTC

SPi Global acquires e-knowledge center Scope to widen KPO

SPi Global is acquiring Scope e-Knowledge Center in a deal that will significantly bolster its content technology and KPO offerings.

14:05pm UTC

Startup-O, Javelin Wealth to lead US$1 million seed round in fintech startup Liquidity Marketplace

Liquidity Marketplace is a platform for clients to lend and borrow money directly without any intermediation.

08:17am UTC

M Cash subsidiary NFC Indonesia to raise US$24 million IPO in July

PT NFC Indonesia will be the third local startup to get listed on IDX, after the listing of its parent company M Cash last year.

08:04am UTC