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

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR70627
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The elevator and escalator market size in Australia is expected to grow by USD 426.71 million and record a CAGR of 4.03% during 2021-2025.

This post-pandemic elevator and escalator market in Australia 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 Australia analysis report, key drivers such as advent of technologically advanced elevators have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as increased cost of compliance with stringent regulations, which will impede 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 Australia be in 2021?

Elevator and Escalator Market Size

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

The elevator and escalator market in Australia 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:

 

  • Brilliant Lifts Australia Pty Ltd.
  • Easy Living Home Elevators Pty Ltd.
  • Grant Elevators
  • Hitachi Ltd.
  • KONE Corp.
  • Octagon Lifts Pty Ltd.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.
  • Shotton Group
  • thyssenkrupp AG

 

The elevator and escalator market in Australia 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 Australia report further entails segmentation by product (elevator and escalator) and service (new installations, maintenance, 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.

 

What are the Revenue-generating Product Segments in the Elevator and Escalator Market in Australia?

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

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The report offers an up-to-date analysis of the market segmentation by product. Australia will record a fast growth rate during 2021-2025, and the country will offer several growth opportunities to market vendors. To garner further competitive intelligence and opportunities in store for vendors in various 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 size in Australia.

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What are the Key Factors Covered in this Elevator And Escalator Market in Australia Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive elevator and escalator market growth in Australia during the next five years
  • Precise estimation of the elevator and escalator market size in Australia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the elevator and escalator market in Australia
  • 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 Australia  

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Elevator And Escalator Market In Australia Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 426.71 million

Market structure

Fragmented

YoY growth (%)

3.86

Regional analysis

APAC and Australia

Performing market contribution

Australia at 100%

Key consumer countries

APAC and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Brilliant Lifts Australia Pty Ltd., Easy Living Home Elevators Pty Ltd., Grant Elevators, Hitachi Ltd., KONE Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Schindler Holding Ltd., Shotton Group, and thyssenkrupp AG

Market Dynamics

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

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Elevator - Market size and forecast 2020-2025
  • Escalator - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • New installations - Market size and forecast 2020-2025
  • Maintenance - Market size and forecast 2020-2025
  • Modernization - Market size and forecast 2020-2025
  • Market opportunity by Service

Customer landscape

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Brilliant Lifts Australia Pty Ltd.
  • Easy Living Home Elevators Pty Ltd.
  • Grant Elevators
  • Hitachi Ltd.
  • KONE Corp.
  • Octagon Lifts Pty Ltd.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.
  • Shotton Group
  • thyssenkrupp AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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.

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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Elevator and Escalator market growth will increase by $426.71 million during 2020-2025.
The elevator and escalator market is expected to grow at a CAGR of 4.03% during 2020-2025.
Technavio has segmented the elevator and escalator market by product (Elevator and Escalator) ,service (New installations, Maintenance, and Modernization) , and geographic (APAC and Australia).
Brilliant Lifts Australia Pty Ltd., Easy Living Home Elevators Pty Ltd., Grant Elevators, Hitachi Ltd., KONE Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Schindler Holding Ltd., Shotton Group, thyssenkrupp AG are a few of the key vendors in the elevator and escalator market.
APAC will register the highest growth rate of 58.02% among the other regions. Therefore, the elevator and escalator market in APAC 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:
  • Advent of technologically advanced elevators
  • Elevator maintenance using IoT platform
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.
  • What are the key global market and the regional market share?
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  • 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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