Market outlook of the elevators and escalator market in Canada
Technavio’s market research analyst predict that the elevator and escalator market in Canada to grow at around 2% during forecast period. The key growth drivers in this market are growth of high-rise building construction and rise in demand for elevator service and modernization. Large number of high rise construction projects, both residential and mixed use, are expected to drive the growth of the market.
Competitive landscape and key vendors in the elevators and escalator market in Canada
The elevator and escalator market is witnessing tough competition due to the presence of international and local vendors. Product differentiation and price war form domestic players, especially for maintenance services, are the key areas for competition. The study of the elevator and escalator market includes product offerings, strategies, and a comprehensive analysis of the leading companies.
The leading companies in the elevators and escalator market in Canada are -
- Otis
- ThyssenKrupp
- Schindler
- Kone
The other prominent vendors in the market include Savaria, Ram Manufacturing, CEE Elevator, Delta Elevator, Elevator One, Joyride Lifts, and Skyline Elevator.
Segmentation of the elevator and escalator market by product
Elevator dominate the elevators and escalators market in Canada and account for nearly 90% of the market share in 2014. This segment is predicted to see higher growth as compared to other market segmentation by the end of the forecast period. With the growth of the residential construction market and the growth in aging population, people are preferring to install elevators in their homes or apartments so as to facilitate the movement from one floor to another, which will lead to a rise in demand for new elevator installations during the forecast period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the elevator and escalator market in Canada?
- What are the key market trends impacting the growth of the elevator and escalator market?
- What are the challenges to market growth?
- Who are the key vendors in the elevator and escalator market?
- What are the market opportunities and threats faced by the vendors in the elevator and escalator market?
- What are the key outcomes of the five forces analysis of the elevator and escalator market in Canada?
Related reports
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Country overview
PART 06: Industry overview
- Elevator and escalator industry overview
- Life cycle of elevators and escalators
- Supply chain of elevator and escalator market in Canada
- Key investment opportunities in elevator and escalator market in Canada
PART 07: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 08: Market segmentation by product
- Elevator and escalator market in Canada by product segmentation
- Elevator market in Canada
- Escalator market in Canada
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 15: Key vendor analysis
- KONE Canada
- Otis Elevator Company (Canada)
- RAM Manufacturing
- Savaria
- Schindler USA and Canada
- ThyssenKrupp Elevator Americas
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape