What is Warehouse Freight ElevatorsMarket?
Warehouse freight elevators are designed to transfer goods and materials throughout a building. The freight elevators travel at lower speeds as compared to other general elevators, but can carry much heavier loads, and devised to withstand tougher working conditions. The modern freight elevators are built to easily install and require minimum maintenance. Freight elevators are generally installed in industrial production complexes, commodity-material bases, public, and administrative buildings, or modern country houses in extension with passenger elevators. The elevators are indispensable also in workshops and warehouses for increasing freight turnover in supermarkets, shopping centers, hospitals, hotels, restaurants, airports, railway stations, etc.
Market Trend
Eco-Friendly Elevators Which Help In Sustainable Energy Saving Are Latest Advancements
Market Drivers
Increase in Use of Freight Elevators in Wholesale Warehouses to Transfer Goods, Growing Demand from E-commerce Sector due to Rise in Shopping and Buying Goods and Increase in Efficiency and Time Saving is the Primary Growth Factor
Opportunities
Advancements in Technology with Additional Features, Rapid Economic Development and Industrialization Globally
The Manufacturers Covered in the Study are:
Fujitec Co. Ltd. (Japan), Hitachi, Ltd. (Japan), Hyundai Elevator Co., Ltd. (South Korea), KONE Oyj (Finland), Mitsubishi Electric Corporation (Japan), Orona Group (France), Otis Elevator Company (United States), Schindler Group (Switzerland), ThyssenKrupp AG (Germany) and Toshiba Corporation (Japan)
Regulatory Framework:
The United States Department of Labor, Occupational Safety and Health Administration, has issued regulations and guidelines for elevators as; Elevators and escalators shall be thoroughly inspected at intervals not exceeding one year. Additional monthly inspections for satisfactory operation shall be conducted by designated persons. and Also, there are some Codes and standards, with respect to passenger elevators, freight elevators, in ASME A17.1-2013/CSA B44-2013 Safety Code for Elevators and Escalators published by the American Society of Mechanical Engineers.