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In-depth analysis of escalators market published by leading research firm

In-depth analysis of escalators market published by leading research firm

The escalator stairs produced by the Escalators Market is a vertical transportation in the form of moving staircase which carries people between floors of a building. It consists of motor driven chain of linked steps on a track which cycle on a pair of tracks to keep them horizontal.

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The electric escalator is used in places where elevators are impossible. It is mainly used in malls, department stores, airports, transit systems, convention centers, and public buildings.

Selection is the prominent factor in the production of escalators. Rapid urbanization and changing demographics are responsible for the growth of the Escalators Market.

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Scope & Regional Forecast of the Escalators Market

One the main factors driving the growth of the Escalators Market is the increasing demand from end use sectors like residential, commercial, hospitals, etc. The increasing focus of government towards high rise in infrastructures along with increasing need of rapid transit will fuel the growth of escalator system.

The key factor having a negative impact on the Escalators Market is the high initial cost of installation. Asia Pacific is likely to be the most prominent region in the market.

Europe followed by North America will have a good growth of the step escalator.

Rise in the energy efficient building solutions and increasing number of super tall buildings will boost the growth of the Escalators Market. Growing number of residential apartments in developing countries to accommodate the middle class that demand better provisional housing will accelerate the growth of the automatic escalator system.

The escalator tread of the next generation offers significant cost and energy savings with better motors, optical cabin lighting and control software. Steady launch of the modern escalator will also boost the growth of the market.

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Segmentations & Key Players Involved in the Escalators Market

The Escalators Market can be broken down into various segmentations on the basis of –

  • Region- North America, Europe, Asia Pacific, and Lamea.
  • Type- Parallel, Multi-parallel, Walkway, Others (spiral and crisscross), and BY INDUSTRY VERTICAL.
  • Application- Commercial, Public transit, and Others (institutional sector and residential).

Some of the key players involved in the Escalators Market are as follows:

  • Schindler Group
  • Kone Corporation
  • Thyssenkrupp AG
  • Hyundai
  • Mitsubishi Electric

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