Elevator and Escalator Market in US by Product — Forecast and Analysis 2020–2024

The elevator and escalator market size in the US has the potential to grow by USD 876.82 mn during 2020–2024, and the market’s growth momentum will accelerate during the forecast period. This report provides a detailed analysis of the market by product (elevators and escalators). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Fuji Electric Co. Ltd., Fujitec Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Prysmian Spa, Savaria Corp., Schindler Holding Ltd., thyssenkrupp Elevator AG, and WITTUR HOLDING GmbH.

The market is fragmented. Fuji Electric Co. Ltd., Fujitec Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Prysmian Spa, Savaria Corp., Schindler Holding Ltd., thyssenkrupp Elevator AG, and WITTUR HOLDING GmbH are some of the major market participants. Factors such as changing demographics will offer immense growth opportunities. However, the fragile US construction market and the increasing cost of compliance may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this elevator and escalator market in US forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this elevator and escalator market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Fuji Electric Co. Ltd.
• Fujitec Co. Ltd.
• KONE Corp.
• Mitsubishi Electric Corp.
• Otis Worldwide Corp.
• Prysmian Spa
• Savaria Corp.
• Schindler Holding Ltd.
• thyssenkrupp Elevator AG
• WITTUR HOLDING GmbH

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The report offers an up-to-date analysis regarding the current US market scenario, latest trends and drivers, and the overall market environment. Elevators will offer several growth opportunities to market vendors during the forecast period. demand for modernization and maintenance will significantly influence elevator and escalator market’s growth in this region.

89% of the market’s growth will originate from the elevators segment during the forecast period. This report provides an accurate prediction of the contribution of all segments to the growth of the elevator and escalator market size in the US.