+1-888-308-5802     
News Contact Us

Escalators & moving walkways market to garner commendable revenue by 2025, Rising demand for retail application segment.

Author : Rahul Varpe | Published Date : 2019-04-05 

Global Market Insights provides a detailed overview of escalators & moving walkways market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of escalators & moving walkways market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Escalators & Moving Walkways Market will surpass USD 21 billion by 2025. Increasing income level of consumers and dynamic lifestyle changes in various economies is leading to elevated shopping malls and supermarkets demand round the globe. Consumers now look for better ambience, convenience, marketing focus, infrastructure, as well as the safety and security during their shopping experience. They allocate different weightage according to each of these significant factors.  

High initial capital and investment costs of the product owing to superior functions, and sustainable designs is said to be a growth hindering factor for the global escalators and moving walkways market in the coming days. Moreover, the product also needs continuous repairs and maintenance, which in turn hinders the industry growth.

Hence, mall developers are now focusing more on improving convenience and creating a better ambience. Installation of automatic staircases and sidewalks leads to easy accessibility to different floors leading to better distribution of customers to all corners of the mall. These factors are said to drive the escalators and moving walkways market in the coming years.

Request for a sample copy of this report @ www.gminsights.com/request-sample/detail/2790

The retail application segment will capture a significant share of over 30% of the global escalators & moving walkways market in 2025 owing to increasing number of shopping malls, supermarkets, departmental stores etc. in emerging countries driven by changing demographics, sustainability concerns, and shift in purchasing pattern. The airport segment revenue will capture a market share of over 20% by the end of 2025 and will grow with a CAGR of over to 4% during the forecast spell.

Escalators & Moving Walkways Market, By Product

  • Escalators
    • Parallel
    • Multi-parallel
    • Others
  • Moving Walkways

Escalators & Moving Walkways Market, By Application

  • Public transit
  • Airports
  • Retail
  • Institutional
  • Others

Based on revenue, parallel escalator segment will hold approximately USD 9 billion in 2025 of the overall escalators & moving walkways market share owing to its increasing applicability in the public transportation like airports, subways, transit systems, shopping malls, hotels, arenas etc.

The moving walkways segment is said to account for a revenue share of over USD 3.5 billion in 2025. They are either horizontal or inclined planes used to cover short to medium distances with luggage or shopping trolleys. Unique tailor-made design with efficient smart operational modes and standard safety features offered by moving walkways will spur the demand in near future.

Considering region, Asia Pacific will hold the maximum share of around 40% in the escalators and moving walkways market by the end of forecast period. Rapid urbanization and rising demand for residential, institutional and commercial spaces due to large population will drive the regional escalators & moving walkways market in the coming years. North America moving walkway market will reach close to USD 500 million in 2025 exhibiting growth with a CAGR of close to 3 %.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/2790

The escalators & moving walkways market competitive landscape includes key players such as KONE Corporation, Schindler, Fujitec, Hitachi, Toshiba corporation, Stannah, Thyssenkrupp AG, Otis Elevator Company, Mitsubishi electric corporation, Hyundai Elevator company, Sigma elevator company, Gulf Elevator & Escalator Co. Ltd., Sicher Elevator Co., Ltd., Kleemann Hellas SA, and Stein Ltd. In order to dominate the global market, these players are engaged in research and development activities to bring innovation and product differentiation, keeping in mind user convenience and safety.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Window And Door Frame Market 2019 Revenue and Trend Analysis to 2024

Published Date: 2019-08-23         Author: Rahul Varpe

India has of late emerged as a major hub for the growth of uPVC based window and door market, given the extensive demand for the product across the expanding residential and commercial arenas. Major window and door frame market giants have also been resorting to establishing partnerships with raw ma... Read More

Europe Industrial Air Filtration Market is expected to expand with a significant CAGR by 2022

Published Date: 2019-08-23         Author: Rahul Varpe

High preference for energy efficient air filtration technologies along with strict emission norms will push Europe industrial air filtration market trends. Furthermore, the growing popularity of eco-friendly air filters, due to its ability to minimize the health risks for the industrial workers, is ... Read More

Earthmoving Equipment Market 2019 – 2023 | Technological Evolution Boosting the Growth Worldwide

Published Date: 2019-08-23         Author: Rahul Varpe

Introduction of new technologies such as real-time monitoring for detecting system failure are predicted to fuel the Earthmoving equipment market size over the coming years. Growing adoption of multifunctional equipment over single-functional equipment has helped the equipment operators to enhance t... Read More

© 2019 Fractovia. All Rights Reserved