Escalators & Moving Walkways Market to witness huge demand in emerging economies: Global Market Insights, Inc. - Industry News 360

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Wednesday, 8 August 2018

Escalators & Moving Walkways Market to witness huge demand in emerging economies: Global Market Insights, Inc.


Global Market Insights, Inc. announces the launch of its latest report on escalators & moving walkways market featuring the key industry trends across the product, application, and regional landscape. The company forecasts the global escalators & moving walkways market share to surpass USD 20 billion by 2025.

The rapidly increasing urban population ratio is one of the chief drivers of the worldwide escalators & moving walkways industry growth. As per the World Health Organization, in 2015, the urban population accounted for nearly 54% of the global populace. The expanding infrastructure sector will further propel the demand for these escalators and walkways to facilitate ease of transportation.


The key players profiled in the report are KONE Corporation, Schindler, Otis Elevator Company, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sicher Elevator Co., Ltd., Sigma Elevator Company, Stannah, Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd. The companies have been profiled in terms of their product portfolio, SWOT assessment, and strategic outlook.

The report also enumerates the challenges for the potential stakeholders which mainly include the huge investment involved in the installation and the high maintenance cost associated with these escalators and walkways.

Parallel escalators market is estimated to procure more than 50% of the overall escalators market share by 2025. The product will witness huge demand across commercial spaces, shopping malls, public infrastructure, airports, etc.  Moving walkways market will register a y-o-y growth rate of 3% over 2018-2025. Escalators and moving walkways market from airports application is forecast to surpass USD 4 billion by 2025. India moving walkways market is poised to exceed USD 65 million by 2025.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/escalators-and-moving-walkways-market

Scope of the report:

Escalators & Moving Walkways Market Product Landscape: Escalators (Parallel, Multi-Parallel), Moving Walkways

Escalators & Moving Walkways Market Application Landscape: Public Transit, Retail, Airports, Institutional

Escalators & Moving Walkways Market Regional Landscape: U.S., Canada, Mexico, Germany, UK, Spain, Italy, France, Russia, India, China, Japan, Australia, Malaysia, Indonesia, South Korea, Brazil, South Africa, UAE, Saudi Arabia, Kuwait


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