Asia Pacific (APAC) - Elevator and Escalator Market by End-user and Product - Forecast and Analysis 2023-2027

Published: Sep 2023 Pages: 152 SKU: IRTNTR72727

Asia Pacific (APAC) - Elevator and Escalator Market 2023-2027

The Asia Pacific (APAC) - Elevator and Escalator Market size is estimated to grow at a CAGR of 2.91% between 2022 and 2027. The market size is forecast to increase by USD 12.83 billion. The growth of the market depends on several factors such as growing high-speed metro projects, increasing government spending on infrastructure projects and development of smart cities in the APAC region. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by end-user (residential and non-residential) and product (elevator and escalator). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the APAC Elevator And Escalator Market During the Forecast Period?

APAC Elevator and Escalator Market Forecast 2023-2027

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APAC Elevator and Escalator Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Development of smart cities in the APAC region

To use a city's resources intelligently and efficiently, a smart city makes use of information and communication technology and the IoT. The major attraction of a smart city is the smart infrastructure. Elevators and escalators are being used for daily commutes, forming an integral part of this infrastructure. The smart commute solutions are not only energy-efficient but also have enhanced monitoring systems. In addition, the concept of smart cities has been gaining prominence worldwide. Such a trend is particularly growing in the Asia Pacific - elevator and escalator market. Rapid urbanization and the importance of lowering energy consumption have been the largest drivers in the adoption of smart cities in APAC and result in Asia Pacific (APAC) - elevator and escalator market expansion.

For instance, the country's smart city program is on target to spend USD 39 billion on smart cities by 2023, with over 500 smart communities in various stages of construction. These cities make use of vital technologies such as IoT, big data, cloud computing, and others. The growing concept of a smart city would deliver growth prospects and possibilities for elevator and escalator manufacturers which may have e positive impact on the Asia Pacific (APAC) - elevator and escalator market growth. Such factors will drive the growth of the market in focus during the forecast period.

Trends- Introduction of smart elevators 

Elevators and escalators as machines are developing in their functions and are not just limited to transportation. Companies are incorporating cognitive analytics with elevators and escalators which would assist in the monitoring of these machines in various locations. To gather data regarding the performance of escalators or elevators, different sensors are used. End-users can collect a considerable amount of data through the sensors implanted in elevators and escalators which can be used to identify and predict issues, minimize downtime, and personalize the experience for users. Operations can be controlled remotely by making commands over the cloud by storing the data in the cloud.

In addition, manufacturers of elevators and escalators can remain connected with their customers through the cloud and if the customers require any additional services, they can be easily added. Consequently, the introduction of such smart elevators will drive the growth of the elevator and escalator market in the region during the forecast period.

Challenge- Volatile raw material prices

To manufacture elevators and escalators including steel stock, wire rope, and stainless steel, raw materials required. Such materials are used to manufacture various elements for elevators and escalators. Due to the rising demand for the end products, the costs of these materials have been increasing. The fluctuation can improve the manufacturing cost of elevators and escalators. For instance, steel is the most required raw material to manufacture elevators and escalators. Global steel prices have, thus far, been averaging USD 959 a ton since the beginning of the year, against the 2020 average of USD 582.

Consequently, an upsurge in the price of steel would negatively influence the profit margin of the companies. Rising raw material prices and the addition of cutting-edge technologies in the equipment accelerate the price of elevators and escalators, which may have a negative impact on the Asia Pacific - elevator and escalator market. Therefore, fluctuation in raw material prices will adversely influence the growth of the APAC - elevator and escalator market during the forecast period.

APAC Elevator and Escalator Market Segmentation by End-user and Product

End-user Segment Analysis:

The market share growth of the residential segment will be significant during the forecast period. The residential market segment includes elevators for use in residential buildings. The demand for residential buildings, particularly high-rises, has been growing and resulting in the APAC - elevator and escalator market growth. Rapid urban population in Asian countries such as India, China, Indonesia, Cambodia, and Vietnam has expanded the demand for high-rise buildings. 

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The residential segment was valued at USD 47.70 billion in 2017. The continuous development of the construction industry and rapid urbanization across the region are forming several revenue-generation possibilities for companies engaged in the manufacture of equipment and machinery used for constructing residential buildings. Foreign buyers will be able to own up to 40% of the total floor area of registered condominiums under the new rules which will support the property market in Myanmar due to an upsurge in foreign investments. Moreover, changing demographics are also strengthening the demand for elevators in the region. Countries such as Japan, Thailand, and Australia are grappling with the ageing population, which will expand the Asia Pacific - elevator and escalator market demand for elevators in these countries and, in turn, will boost the growth of the Asia Pacific - elevator and escalator market through the residential segment during the forecast period.

Product Segment Analysis: 

Based on product, the market has been segmented into elevator and escalator. The elevator segment will account for the largest share of this segment.? Elevators are used for transporting goods or services between different floors and it is also known as lift. Elevators can be segmented into two groups: Personal elevator: It carries human beings. Load elevator: It carries goods. The growing population and rapid urbanization in the region have increased the number of vertical houses in the region. Nevertheless, in comparison to residential buildings, elevators in office and commercial buildings are also highly used for the transportation of goods. Well-established multinational companies in APAC are now targeting the  Asia Pacific (APAC) - elevator and escalator market in the region with these solutions. Consequently, these factors will drive the growth of the APAC - elevator and escalator market in the region through the elevator segment during the forecast period.

Who are the Major APAC Elevator and Escalator Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Fujitec Co. Ltd. - The company offers elevators and escalators such as small machine room elevator ZEXIA, machine room-less elevator REXIA, and GS escalator 8000 NX.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Doppelmayr Seilbahnen GmbH, EITA Elevator M Sdn. Bhd, Fujitec Co. Ltd., Glarie Elevator Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., IFE Elevators Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sicher Elevator Co. Ltd., Sigma Elevator Co., Stannah Group of Co., Sunlong Elevator Co. Ltd., Suzhou Diao Elevator Co. Ltd., Sydney Electric Co. Ltd., ThyssenKrupp AG, Toshiba Corp., and Yuanda China Holdings Ltd. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The APAC elevator and escalator market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  •  End-user Outlook (USD billion, 2017 - 2027)
    • Residential
    • Non-residential
  • Product Outlook (USD billion, 2017 - 2027)
    • Elevator
    • Escalator

APAC Elevator And Escalator Market Scope

Report Coverage

Details

Page number

152

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.91%

Market growth 2023-2027

USD 12.83 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

2.45

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Doppelmayr Seilbahnen GmbH, EITA Elevator M Sdn. Bhd, Fujitec Co. Ltd., Glarie Elevator Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., IFE Elevators Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sicher Elevator Co. Ltd., Sigma Elevator Co., Stannah Group of Co., Sunlong Elevator Co. Ltd., Suzhou Diao Elevator Co. Ltd., Syney Electric Co. Ltd., thyssenkrupp AG, Toshiba Corp., and Yuanda China Holdings Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this APAC Elevator And Escalator Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Asia Pacific (APAC) - elevator and escalator market  between 2023 and 2027
  • Precise estimation of the elevator and escalator market in APAC size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across APAC
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of the elevator and escalator market in APAC companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

    4 Historic Market Size

    • 4.1 Elevator and escalator market in APAC 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on elevator and escalator market in APAC 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 29: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 30: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 31: Chart on Comparison by End-user
      • Exhibit 32: Data Table on Comparison by End-user
    • 6.3 Residential - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-residential - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 41: Market opportunity by End-user ($ billion)
      • Exhibit 42: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Elevator - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Elevator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Elevator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Elevator - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Elevator - Year-over-year growth 2022-2027 (%)
    • 7.4 Escalator - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Escalator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Escalator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Escalator - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Escalator - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 55: Market opportunity by Product ($ billion)
      • Exhibit 56: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
      • Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 60: Chart on Geographic comparison
      • Exhibit 61: Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2022-2027
      • Exhibit 62: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.4 Japan - Market size and forecast 2022-2027
      • Exhibit 66: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.5 Australia - Market size and forecast 2022-2027
      • Exhibit 70: Chart on Australia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Data Table on Australia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 9.6 India - Market size and forecast 2022-2027
      • Exhibit 74: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.7 Rest of APAC - Market size and forecast 2022-2027
      • Exhibit 78: Chart on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Data Table on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Chart on Rest of APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on Rest of APAC - Year-over-year growth 2022-2027 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)
      • Exhibit 83: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 84: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 86: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 87: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 88: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 89: Matrix on vendor position and classification
            • 12.3 Fujitec Co. Ltd.
              • Exhibit 90: Fujitec Co. Ltd. - Overview
              • Exhibit 91: Fujitec Co. Ltd. - Business segments
              • Exhibit 92: Fujitec Co. Ltd. - Key offerings
              • Exhibit 93: Fujitec Co. Ltd. - Segment focus
            • 12.4 Hitachi Ltd.
              • Exhibit 94: Hitachi Ltd. - Overview
              • Exhibit 95: Hitachi Ltd. - Business segments
              • Exhibit 96: Hitachi Ltd. - Key news
              • Exhibit 97: Hitachi Ltd. - Key offerings
              • Exhibit 98: Hitachi Ltd. - Segment focus
            • 12.5 Hyundai Elevator Co. Ltd.
              • Exhibit 99: Hyundai Elevator Co. Ltd. - Overview
              • Exhibit 100: Hyundai Elevator Co. Ltd. - Product / Service
              • Exhibit 101: Hyundai Elevator Co. Ltd. - Key offerings
            • 12.6 IFE Elevators Co. Ltd.
              • Exhibit 102: IFE Elevators Co. Ltd. - Overview
              • Exhibit 103: IFE Elevators Co. Ltd. - Product / Service
              • Exhibit 104: IFE Elevators Co. Ltd. - Key offerings
            • 12.7 KONE Corp.
              • Exhibit 105: KONE Corp. - Overview
              • Exhibit 106: KONE Corp. - Product / Service
              • Exhibit 107: KONE Corp. - Key news
              • Exhibit 108: KONE Corp. - Key offerings
            • 12.8 Mitsubishi Electric Corp.
              • Exhibit 109: Mitsubishi Electric Corp. - Overview
              • Exhibit 110: Mitsubishi Electric Corp. - Business segments
              • Exhibit 111: Mitsubishi Electric Corp. - Key news
              • Exhibit 112: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 113: Mitsubishi Electric Corp. - Segment focus
            • 12.9 Otis Worldwide Corp.
              • Exhibit 114: Otis Worldwide Corp. - Overview
              • Exhibit 115: Otis Worldwide Corp. - Business segments
              • Exhibit 116: Otis Worldwide Corp. - Key news
              • Exhibit 117: Otis Worldwide Corp. - Key offerings
              • Exhibit 118: Otis Worldwide Corp. - Segment focus
            • 12.10 Schindler Holding Ltd.
              • Exhibit 119: Schindler Holding Ltd. - Overview
              • Exhibit 120: Schindler Holding Ltd. - Product / Service
              • Exhibit 121: Schindler Holding Ltd. - Key news
              • Exhibit 122: Schindler Holding Ltd. - Key offerings
            • 12.11 Sicher Elevator Co. Ltd.
              • Exhibit 123: Sicher Elevator Co. Ltd. - Overview
              • Exhibit 124: Sicher Elevator Co. Ltd. - Product / Service
              • Exhibit 125: Sicher Elevator Co. Ltd. - Key offerings
            • 12.12 Sigma Elevator Co.
              • Exhibit 126: Sigma Elevator Co. - Overview
              • Exhibit 127: Sigma Elevator Co. - Product / Service
              • Exhibit 128: Sigma Elevator Co. - Key offerings
            • 12.13 Suzhou Diao Elevator Co. Ltd.
              • Exhibit 129: Suzhou Diao Elevator Co. Ltd. - Overview
              • Exhibit 130: Suzhou Diao Elevator Co. Ltd. - Product / Service
              • Exhibit 131: Suzhou Diao Elevator Co. Ltd. - Key offerings
            • 12.14 Syney Electric Co. Ltd.
              • Exhibit 132: Syney Electric Co. Ltd. - Overview
              • Exhibit 133: Syney Electric Co. Ltd. - Product / Service
              • Exhibit 134: Syney Electric Co. Ltd. - Key offerings
            • 12.15 thyssenkrupp AG
              • Exhibit 135: thyssenkrupp AG - Overview
              • Exhibit 136: thyssenkrupp AG - Business segments
              • Exhibit 137: thyssenkrupp AG - Key offerings
              • Exhibit 138: thyssenkrupp AG - Segment focus
            • 12.16 Toshiba Corp.
              • Exhibit 139: Toshiba Corp. - Overview
              • Exhibit 140: Toshiba Corp. - Business segments
              • Exhibit 141: Toshiba Corp. - Key news
              • Exhibit 142: Toshiba Corp. - Key offerings
              • Exhibit 143: Toshiba Corp. - Segment focus
            • 12.17 Yuanda China Holdings Ltd.
              • Exhibit 144: Yuanda China Holdings Ltd. - Overview
              • Exhibit 145: Yuanda China Holdings Ltd. - Product / Service
              • Exhibit 146: Yuanda China Holdings Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 147: Inclusions checklist
                • Exhibit 148: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 149: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 150: Research methodology
                • Exhibit 151: Validation techniques employed for market sizing
                • Exhibit 152: Information sources
              • 13.5 List of abbreviations
                • Exhibit 153: List of abbreviations

              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

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              elevator and escalator market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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