Showing posts with label US Elevator Maintenance Market 2017. Show all posts
Showing posts with label US Elevator Maintenance Market 2017. Show all posts

Monday, January 22, 2018

US Elevators and Escalators Market is Led by Stabilizing Economy and Rise in Construction of High-Rise Commercial and Residential Complexes: Ken Research

US elevators and escalators market size, market segmentations by new equipment installation & maintenance & modernization, by elevator (by end usage (passenger elevator market and material handling market), by type of machinery (traction (gear & gearless) & hydraulic (conventional hydraulic & roped) and MR & MRL), by door types and by sector (commercial complexes and residential complexes)) and by escalator (by end usage and by escalators & moving walkways). The report also covers market in different aspects such as trends and developments, issues and challenges, Porter Five Force analysis, contract for installation and maintenance of an elevator or escalator, safety rules issued by regulating authority, market share of major companies, company profiles of major players (Kone, Otis, FujiTec, Schindler, Mitsubishi and ThyssenKrupp) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
Elevators and Escalators market in US has been supported by maintenance and modernization of existing equipments and the stabilizing economy of the country.
The increasing investment by the government in public infrastructure and rise in number of commercial and residential complexes will lead the growth of the US elevators and escalators market in the upcoming years.
The US is gradually reviving from the economic crises of 2007. The expansion of the economy is likely to continue on the back of strong business and consumer confidence. Owing to the fiscal policy of the country it is assumed that the tax rates will be lowered and the investment and consumption will increase.  There is a positive outlook towards business in the country. The government’s investment in public infrastructure is expected to increase in the future. With the development of public spaces in towns and cities the demand for elevators and escalators will be augmented in the future.
The companies in the industry are constantly investing in development of new technology and safe designs. The introduction of these pioneering designs and innovations instill growth in the industry for years to come. The integration of mobile technology is opening new gates of innovation & operational efficiency for companies and making jobsites safer for workers. The number of commercial and residential complexes throughout the country is increasing substantially. A boom in the US real estate sector is expected after years of negative growth. The unemployment rate in the country has fallen substantially and is expected to dip further. The migration towards town and metro cities is expected to increase, which will lead to increase in urban population of the country. Increase in urban population will further create demand for housing and commercial space and will positively affect the elevator and escalator industry. A number of new projects have further propelled growth in the industry. Projects like the development of three world trade centers in New York, mass number of high-rise buildings in Portland, expansion projects in university of Virginia, University of North Carolina, Cleveland State University, Marquette University and other notable projects across the country will provide robust growth to the industry.
Ken Research in its latest study, US Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) - Outlook to 2022, suggests that the elevator and escalator market in the US will grow at a gradual rate owing to the rise in real estate investment and growing urban population.
Key Topics Covered in the Report:
US Elevator Maintenance Market 2017
US Elevator Demand
US Elevator Maintenance Market
US Escalators Maintenance Market
Hydraulic Elevators Demand in US
New Equipment Installations in US Elevators Market
US Elevators and Escalators Market
US Elevators and Escalators Market Outlook
Major Companies US Elevators and Escalators Market
Thyssenkrupp US Revenue from Elevators and Escalators
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Friday, January 19, 2018

US Elevator and Escalator Market to Witness Boost with Upcoming Real Estate Projects and Technological Advancements: Ken Research

The growth in the elevator and escalator industry of US can be attributed to the stabilizing economy of the country and measures introduced by the government to promote investment in real estate sector.
The report titled “US Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) - Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in US elevator and escalator market in the next 5 years till 2022, due rise in urban population and increasing investment in real estate sector of the country.
The country’s economy is on the path of revival from the meltdown of 2007. The measures introduced by the government and improved regulatory oversight have strengthened the financial stability of the country. The unemployment level in the country is decreasing and is further expected to decrease. Deregulation and tax reforms have further increased the confidence of the investors. Owing to the significant increase in investments the number of commercial and residential complexes in the country are increasing at a fast pace. The government is also investing hugely into public infrastructure. All these reasons have collectively catapulted the elevators and escalators market in the past few years.
The business in the country has improved and companies operating in the elevators and escalators market are getting new contracts. Majority of the revenue of the companies is generated from the installation of new equipments. Maintenance and modernization of elevators and escalator also contribute a substantial share of revenue to the overall market. The demand for elevators and escalators from the commercial complexes is dominated as compared to residential complexes. Commercial complexes largely include retail spaces, office complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways etc.), whereas residential complexes include high rise residential towers etc. Research and Development by companies into newer and safer technology for all the aspects involved in the industry has further supported the market. Introduction of mobile technology into the industry ensures and increases operational efficiency and the safety of workers and users. The safety standards issued by the American Society of Mechanical Engineers (ASME) is also continuously in the process of revising the safety regulations.
Key Topics Covered in the Report
US Elevators and Escalators Market Research Report
US Elevators and Escalators Market Size
US Elevator Demand In 2017
US Elevator Maintenance Market 2017
US Escalators Demand In 2017
US Escalators Maintenance Market 2017
Competition US Elevators and Escalators Industry
Major Companies US Elevators and Escalators Market
Market Share of Major Players in US Elevators and Escalators Industry
Future Outlook for US Elevators and Escalators Market
Otis US Revenue from Elevators and Escalators
Kone US Revenue from Elevators and Escalators
Schindler US Revenue from Elevators and Escalators
Mitsubishi US Revenue from Elevators and Escalators
Fujitec US Revenue from Elevators and Escalators
Thyssenkrupp US Revenue from Elevators and Escalators
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204