Elevator and escalator market in Russia to grow at a CAGR of 10.08% in terms of newly installed units over the period 2014-2019

Product Synopsis

About elevators and escalators

Elevators and escalators are used to move people and goods easily and efficiently within a building’s premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

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Technavio’s analysts forecast the elevator and escalator market in Russia to grow at a CAGR of 10.08% in terms of newly installed units over the period 2014–2019.

Covered in this report

This report covers the present scenario and growth prospects of the elevator and escalator market in Russia for the period 2015–2019. To calculate the market size, the report considers revenue generated from newly installed units of elevators and escalators in Russia. The report also considers the number of new elevators and escalators installed in Russia. In addition, the report also presents the vendor landscape and a corresponding detailed analysis of four key vendors, as well as a brief description about other prominent vendors operating in the market. Further, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and market at large, as well as key trends emerging in the market.

Key customer segments

Commercial customers

Non-commercial customers

Key vendors

KONE Russia

Otis Russia

Schindler Russia

ThyssenKrupp Elevator

Other prominent vendors

Shenyang Brilliant Elevator 

Siblift

Market driver

Upcoming international events 

For a full, detailed list, view our report

Market challenge

High manufacturing cost

For a full, detailed list, view our report

Market trend

Demand for energy-efficient elevators and escalators

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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