Elevators and Escalators Market in Canada - Market Analysis 2015-2019

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
• Escalator

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?

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