Market outlook of the elevator and escalator market in France
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.
Segmentation by product and analysis of: elevators & escalators
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 -
Competitive landscape and key vendors: KONE, Otis, Schindler, and ThyssenKrupp
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.
Growth drivers, challenges, and upcoming trends: Elevators and escalators
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.
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 France?
What are the key market trends impacting the growth of the elevator and escalator market in France?
What are the challenges to market growth?
Who are the key vendors in the elevator and escalator market in France?
What are the market opportunities and threats faced by the vendors in the elevator and escalator market in France?
What are the key outcomes of the five forces analysis of the elevator and escalator market in France?
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