Industry Background:
A spiral escalator is a special design type of escalator in the form of a spiral with curved steps. This escalator can curve to the left or right. Spiral escalators elegantly functional layout not only enhances the impact of a building’s interior architecture, but it also guides visitors smoothly into the building, and the inherent beauty of this unique design transforms an entrance hall into a landmark that is sure to enhance the reputation and value of any building.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Kone Corporation (Finland), ThyssenKrupp Elevator AG (Germany), Otis Elevator Company (United States), Fujitec (Japan), Hitachi (Japan), Hyundai Elevators (South Korea), Johnson Lifts (India), Kleemann Group (Greece) and Mitsubishi Electric Corporation (Japan) |
According to AMA, the market for Spiral Escalator is expected to register a CAGR of 6.2% during the forecast period to 2027. This growth is primarily driven by Increasing Urbanization Worldwide and Growing concerns about User Safety and Comfort in Escalator.
Globally, a noticeable market trend is evident High Growth in the Developing Countries The Electronic Equipment & Instruments sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Kone Corporation (Finland), ThyssenKrupp Elevator AG (Germany), Otis Elevator Company (United States), Fujitec (Japan), Hitachi (Japan), Hyundai Elevators (South Korea), Johnson Lifts (India), Kleemann Group (Greece) and Mitsubishi Electric Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Thyssenkrupp agreed to sell its Elevator Technology business division to Advent, Cinven, and RAG Foundation in March 2020 in order to enhance its cash flow and reduce structural expenses.
Otis plans to grow in the northeast of the United States by acquiring Bay State Elevator in August 2020. The company's service portfolio and operations in Massachusetts, Connecticut, Vermont, and upstate New York are included in the transaction.
Spiral Escalator Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Urbanization Worldwide
- Growing concerns about User Safety and Comfort in Escalator
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Influencing Trends | - High Growth in the Developing Countries
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Restraints | - Stops the Ongoing Operations due to Time Consuming Replacements
- Lack of Skilled Workforce
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Gaps & Opportunities | - Growing Industrialization and Construction Automation
- Demand for Efficient and Rapid Transit Systems
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Spiral Escalator Market
- Analysis about New Entrants in Spiral Escalator Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Spiral Escalator Study Sheds Light on
The Spiral Escalator Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Spiral Escalator industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Spiral Escalator industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.