Elevators Market 2017

1
World Elevators to 2017byFreedonia Group

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2
World Elevators to 2017

• This study analyzes the world elevator industry.
  It presents historical demand data for 2002, 2007
  and 2012, and forecasts for 2017 and 2022 by
  product (e.g., passenger and freight elevators,
  escalators and moving walkways), service
  (installation, modernization and repair), market
  (residential, nonresidential), world region and
  for 16 countries. The study also considers market
  environment factors, details industry structure,
  evaluates company market share and profiles
  industry players.
• World demand to rise nearly 6 annually through
  2017
• Global demand for elevator equipment (including
  elevators, escalators, moving walkways, and
  associated parts) and services was 86 billion in
  2012. Demand is projected to grow almost six
  percent annually through 2017, a deceleration
  from the pace of the 2007-2012 period, when gains
  were fueled by explosive growth of more than 25
  percent per year in China. Even though the
  Chinese market will cool from that breakneck
  pace, it will still generate nearly one-half of
  the increase in the world demand for elevator
  equipment and services between 2012 and 2017.
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3
World Elevators to 2017

• Other developing markets that will contribute to
  global advances through 2017 include India, as
  the country adds 50 million urban residents and
  per capita GDP increases faster than the global
  average. Central and South America is expected to
  see above-average increases, led by Brazil, the
  regions largest elevator market. The
  Africa/Mideast region is also expected to
  experience strong growth, though much of the
  expansion will be confined to Turkey and
  high-income urban areas in the Middle East.
• US market to outpace most high-income countries
• Growth in the US demand for elevator services
  will outpace that in most highincome countries,
  as the market will be recovering from a very low
  2012 base. Increases in Japan and Western Europe
  will be below the world average, but will also
  mark significant increases from the marginal
  growth in the 2007 to 2012 period.
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  tml .

4
World Elevators to 2017

• Elevator equipment demand to outpace elevator
  services
• In 2007, global demand for elevator services
  exceeded demand for equipment. Western Europe,
  then the worlds largest regional market, had a
  large installed base of elevators and stringent
  safety codes bolstered the modernization and
  repair service market. However, 2012 marked a
  significant change in the global market, as
  demand for equipment exceeded service demand for
  the first time, driven by strong growth in new
  unit installations in the developing world. That
  trend is expected to continue through 2017, as
  the many new units recently added in developing
  countries will not need as many costly repairs as
  Western Europes aging stock, and safety codes
  may be less strictly enforced.
• Chinas share of new unit sales to decline
  slightly
• Passenger and freight elevator sales on a per
  unit basis were 914,000 units in 2012. While the
  Chinese elevator market made up over 30 percent
  of global demand by value, it was even more
  significant on a per unit basis, as 58 percent of
  the worlds new elevator units were sold in China
  in 2012. World new unit sales are forecast to
  grow 3.4 percent annually through 2017 to 1.1
  million, though Chinas share will decline
  slightly.
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  sample?rname137988 .

5
World Elevators to 2017

• MRL elevators to continue gaining market share
• Through 2017, the equipment market will focus on
  energy efficient elevators, escalators and moving
  walkways. Manufacturers have introduced many new
  technologies and improved existing ones to be
  more efficient. Space and energy saving machine
  room-less (MRL) elevators will continue to
  increase their penetration of the global elevator
  market through 2017, and will dominate the market
  in the ensuing years.
• Company Profiles
• Profiles 41 competitors in the industry worldwide
  including Hitachi, KONE, Otis Elevator (United
  Technologies), Schindler and ThyssenKrupp
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  sample?rname137988 .

6
World Elevators to 2017

• For more details contact Mr. Priyank Tiwari
  sales_at_rnrmarketresearch.com / 18883915441

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