New Installations Segment to Witness Growth in Australia Escalators and Elevators Market until 2024
Increasing number of metros,
railways and airports coupled with other infrastructure projects to drive
Australia escalators & elevators market through 2024
According
to TechSci Research report, “Australia Escalators & Elevators Market By Service, By Elevator
Technology, By Type of Door, By Weight, By End User, By Region, By Company,
Competition, Forecast & Opportunities, 2024”, Australia
escalators & elevators market is anticipated to witness significant growth during
forecast period on account of growing urbanization and surging demand for
cost-effective elevators across the country. With increasing population, the
demand for well-structured buildings is also increasing, which is further driving
Australia escalators & elevators market. Moreover, increasing investment by
the government of the country and increasing inflow of FDI in construction and
retail sectors are anticipated to drive growth in the market during forecast
period.
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Escalators & Elevators Market"
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Australia
escalators & elevators market can be segmented based on service, elevator
technology, type of door, weight, end user and region. On the basis of service,
the market can be segmented into maintenance & repair, new installation and
modernization. New installations segment is predicted to witness growth over
the next five years due to the installation of escalators and elevators in upcoming
buildings. In terms of end user, residential segment is one of the major
segments in Australia escalators and elevators market and is poised to grow at an
impressive rate until 2024 as well, owing to the rising demand for elevators in
residential properties.
Kone Elevators Pty. Limited, Schindler Lifts
Australia Pty Limited, ThyssenKrupp Industrial Solutions (Australia) Pty. Ltd, United
Technologies Australia Holdings Ltd, Mitsubishi Electric Australia Pty Limited,
Hitachi Australia Pty Ltd, Fuji Elevators Australia Pty. Ltd., Brilliant Lifts
Australia Pty Ltd, Orbitz Elevators Pty Ltd, Shotton Lifts, among others are the
leading players operating in Australia escalators & elevators market. Companies
operating in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share. For instance, Schindler introduced
PORT technology in order to offer personalized experience and for faster
travel.
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“Australia escalators and elevators market is anticipated to grow at
formidable rate during the forecast period on account of several ongoing and
upcoming infrastructure projects in the country backed by the increasing
disposable income and surging spending by the government on infrastructure
development. Moreover, increasing number of metros, railway stations and
airports is further pushing demand for escalators and elevators across
Australia.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Australia Escalators & Elevators Market By
Service, By Elevator Technology, By Type of Door, By Weight, By End User, By
Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australia
escalators & elevators market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Australia escalators
& elevators market.
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