Elevator and Escalator Market in Germany by Product and Service - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43504
Technavio

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The elevator and escalator market size in Germany is expected to grow by USD 650 million and record a CAGR of 3.77% during 2021-2025.

This post-pandemic elevator and escalator market in Germany report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this elevator and escalator market in Germany analysis report, key drivers such as increasing adoption of energy-efficient elevators and escalators have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as the economic profitability of investments in energy-efficient systems, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Elevator and Escalator Market Size in Germany be in 2021?

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Who are the Key Vendors in the Elevator and Escalator Market in Germany?

The elevator and escalator market in Germany forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Fuji Electric Co. Ltd.
  • Fujitec Co. Ltd.
  • HIRO LIFT Hillenkotter Ronsieck GmbH
  • Hitachi Ltd.
  • KOHLER Elevator GmbH
  • KONE Corp.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.
  • thyssenkrupp Elevator AG
  • WITTUR HOLDING GmbH

 

The elevator and escalator market in Germany is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This elevator and escalator market in Germany report further entails segmentation by product (elevator and escalator) and service (maintenance, new installations, and modernization). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Product Segments for Elevator and Escalator Market in Germany?

Elevator-And-Escalator-Market-In-Germany-Market-Share-by-Product-2020-2025

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The report offers an up-to-date analysis of the product segmentation. Elevator had the largest market share in 2021, and the segment will offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and opportunities in store for vendors in the market segments, view our sample report. This report provides estimations of the contribution of all regions to the growth of the elevator and escalator market in Germany size.

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What are the Key Factors Covered in this Elevator and Escalator Market in Germany Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive elevator and escalator market growth in Germany during the next five years
  • Precise estimation of the elevator and escalator market size in Germany and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the elevator and escalator industry in Germany
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of elevator and escalator market vendors in Germany

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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The elevator and escalator market growth will increase by $605.72 million during 2019-2024.
The elevator and escalator market is expected to grow at a CAGR of 3.54% during 2019-2024.
Technavio has segmented the elevator and escalator market by product (Elevator and Escalator) and geographic (North America, APAC, Algeria, Macao (SAR, and Belarus).
Fuji Electric Co. Ltd., Fujitec Co. Ltd., Hillenkötter + Ronsieck GmbH, KÖHLER Elevator GmbH, KONE Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sicher Elevator Co. Ltd., thyssenkrupp Elevator AG, WITTUR HOLDING GmbH are a few of the key vendors in the elevator and escalator market.
North America will register the highest growth rate of 41.90% among the other regions. Therefore, the elevator and escalator market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the elevator and escalator market growth are:
  • Increasing adoption of energy-efficient elevators and escalators
The elevator and escalator market vendors should focus on grabbing business opportunities from the elevator segment as it accounted for the largest market share in the base year.
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