Elevators and Escalators Market by Type (Elevators, Escalators & Moving walkways), Service (New installation, Maintenance & Repair & Modernization), Elevator Technology (Traction, Machine room-Less & Hydraulic), & End-use Sector - Global Forecast to 2021
Report Summary : “Increasing demand by the residential industry to drive the elevators & escalators market” The elevators & escalators market size will grow from USD 88.78 billion in 2015 to USD 125.22 billion by 2021, at a CAGR of 6.01%. The demand for the market is supported by the increasing demand in Asia-Pacific and wide application in diverse end-use industries. Breakdown of Primaries Primary interviews were conducted with a number of industry experts, in order to collect data related to different aspects of the elevators & escalators market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as equipment manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows: By Company Type: Tier 1 –35%, Tier 2 – 30%, and Tier 3 – 35% By Designation: C-level – 65% and Manager level – 35% By Region: North Amer...