Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research analyst has estimated the elevator and escalator market in France to reach close to 18,100 units by 2019. Growth of this market in France can be attributed to the recovery of the construction market, especially in the residential construction and real estate sectors. Additionally, the growing focus on revamping the country’s existing infrastructure is expected to bolster market growth during the forecast period.
High demand for replacement and modernization is the key driver for the growth of this market. In 2014, it was estimated that France has one of the largest installed bases for elevators and escalators in Europe. Since most of these elevators and escalators in France have completed their life cycle of 20-30 years, there is a high demand for replacement of these equipment, which in turn is expected to boost the demand for new elevator and escalator installations in the country.
In this market research report, analysts have estimated the escalators segment to exhibit the highest market growth rate during the forecast period. High CAGR of this segment can be attributed to factors like the increasing government focus on revamping the existing infrastructure in the country.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
This market is dominated by large vendors who primarily focus on providing elevator and escalator installation, maintenance, and modernization solutions for large-scale public infrastructure, residential, and commercial construction projects. The smaller vendors in this market provide installation, maintenance, and modernization services to SMEs, small construction companies, and developers that engage mainly in small-scale residential development projects.
Key vendors analyzed in this market research are -
Other prominent vendors are Ascenseurs CEPA, Copas Ascenseurs, Drieux-Combaluzier, Etna France, Mitsubishi Electric Europe, and Sodimas Ascenseurs.
Technavio’s market research analyst has estimated upcoming trends, such as the growing preference for electric elevators, to foster growth in this market during the forecast period. Recently, it has been observed that around 99% of the elevators sold in France were electric elevators. High adoption of these elevators can be attributed to factors like its high operational speed, better ride-quality, and high-level of safety and control.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the elevator and escalator market in France. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Technavio also offers customization on reports based on specific client requirement.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.