Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.
Product Code: ETC001535 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Kenya elevator and escalator market are likely to grow at a rapid pace owing to reviving the construction sector and increasing investment in the country. As the country braces itself for an unprecedented construction boom due to the implications of projects such as Kenya Vision 2030 which gives central focus to infrastructure development. Further, as the population continues to grow there has been a steady rise in demand for housing units which has resulted in substantial growth of residential construction and its allied sectors in the economy. According to 6Wresearch, Kenya elevator and escalator market size is projected to grow at a CAGR of 6.7% during 2019-25. The elevator segment captured the majority of the share in the overall elevator & escalator market in Kenya, wherein the majority of the installations were witnessed in retail, transportation due to the government’s huge spending on infrastructure development such as the Standard Gauge Railway and the Lamu port South Sudan Ethiopia Transport (LAPPSET). Amongst the elevators segment, passenger elevators acquired the highest revenue share in 2018.
The commercial application market is the leading revenue-generating segment in the Kenya elevator and escalator market owing to the increase in installation of elevator and escalators in the retail and transportation market, especially due to the entry of foreign supermarket and retail brands in the country. Additionally, major hotel chains are expanding their presence across the country and large-scale government infrastructure development projects, such as airport expansions and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in demand for elevator and escalators in the country in the future. Further, Kenya retail sector witnessed major investment by global giant retail chain companies such as the Game Market Chain and Miniso.
In Kenya, the new installations held the majority of the Kenya elevator and escalator market share, in terms of revenues owing to the increasing construction of apartments and retail stores. During the forecast period, the residential application is expected to register the highest growth in the market as a result of urbanization and population explosion.
The Kenya elevator and escalator market report thoroughly covers the market by elevator types, escalator types, services types, and applications. The Kenya elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Kenya elevator and escalator market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
Kenya Elevator and Escalator Market Report Covered:
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Kenya Elevator and Escalator Market Overview |
3.1 Kenya Country Indicators |
3.2 Kenya Elevator & Escalator Market Revenues, 2015-2025F |
3.3 Kenya Elevator & Escalator Market - Industry Life Cycle |
3.4 Kenya Elevator & Escalator Market - Porter’s Five Forces |
3.5 Kenya Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
3.6 Kenya Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
3.7 Kenya Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
4 Kenya Elevator & Escalator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kenya Elevator & Escalator Market Trends |
6 Kenya Elevator Market Overview |
6.1 Kenya New Installation Elevator Market Revenues & Volume, 2015-2025F |
6.1.1 Kenya New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F |
6.1.1.1 Kenya New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F |
6.2 Kenya Elevator Services Market Revenues, 2015-2025F |
6.2.1 Kenya Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
6.2.1.1 Kenya Elevator Services Market Revenues, By Service Types, 2015-2025F |
6.3 Kenya Elevator Market Overview, By Applications, 2015-2025F |
6.3.1 Kenya Elevator Market Revenue Share, By Applications, 2018 & 2025F |
6.3.1.1 Kenya Elevator Market Revenues, By Applications, 2015-2025F |
7 Kenya Escalator Market Overview |
7.1 Kenya New Installation Escalator Market Revenues & Volume, 2015-2025F |
7.1.1 Kenya New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F |
7.1.1.1 Kenya New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F |
7.2 Kenya Escalator Services Market Revenues, 2015-2025F |
7.2.1 Kenya Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
7.2.1.1 Kenya Escalator Services Market Revenues, By Service Types, 2015-2025F |
7.3 Kenya Escalator Market Overview, By Applications, 2015-2025F |
7.3.1 Kenya Escalator Market Revenue Share, By Applications, 2018 & 2025F |
7.3.1.1 Kenya Escalator Market Revenues, By Applications, 2015-2025F |
8 Kenya Elevator & Escalator Market Overview, By Applications |
8.1 Kenya Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F |
8.2 Kenya Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F |
8.3 Kenya Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F |
9 Kenya Elevator & Escalator Market Key Performance Indicators |
10 Kenya Elevator & Escalator Market Opportunity Assessment |
10.1 Kenya Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
10.2 Kenya Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
11 Kenya Elevator & Escalator Market Competitive Landscape |
11.1 Kenya Elevator & Escalator Market Competitive Benchmarking, By Product Types |
11.2 Kenya Elevator & Escalator Market Revenue Share, By Company, 2018 |
12 Company Profiles |
13 Key Strategic Recommendations |
14 Disclaimer |
LIST OF FIGURES |
Figure 1. Kenya Elevator & Escalator Market Revenues, 2015-2025F ($ Million) |
Figure 2. Kenya Elevator & Escalator Market - Industry Life Cycle |
Figure 3. Kenya Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
Figure 4. Kenya Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
Figure 5. Kenya Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 6. Kenya New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
Figure 7. Kenya New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F |
Figure 8. Kenya New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F |
Figure 9. Kenya Elevator Services Market Revenues, 2015-2025F ($ Million) |
Figure 10. Kenya Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
Figure 11. Kenya Elevator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 12. Kenya New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
Figure 13. Kenya New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F |
Figure 14. Kenya New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F |
Figure 15. Kenya Escalator Services Market Revenues, 2015-2025F ($ Million) |
Figure 16. Kenya Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
Figure 17. Kenya Escalator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 18. Kenya Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million) |
Figure 19. Kenya Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million) |
Figure 20. Kenya Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F ($ Million) |
Figure 21. Kenya Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
Figure 22. Kenya Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
LIST OF TABLES |
Table 1. Kenya New Installation Elevator Market Revenues, By Elevator Types ($ Million) |
Table 2. Kenya New Installation Elevator Market Volume, By Elevator Types (Thousand Units) |
Table 3. Kenya Elevator Services Market Revenues, By Service Types ($ Million) |
Table 4. Kenya Elevator Market Revenues, By Applications, 2015-2025F, ($ Million) |
Table 5. Kenya New Installation Escalator Market Revenues, By Escalator Types ($ Million) |
Table 6. Kenya New Installation Escalator Market Volume, By Escalator Types (Thousand Units) |
Table 7. Kenya Escalator Services Market Revenues, By Service Types ($ Million) |
Table 8. Kenya Escalator Market Revenues, By Applications, 2015-2025F, ($ Million) |