Ethiopia elevator and escalator market witnessed a robust growth over the past few years owing to increasing number of construction projects under the “Growth and Transformation Plan-I” and rapidly growing industrial sector. During 2019-25, the elevator and escalator market in the country is anticipated to witness a healthy growth owing to several projects in development pipeline stage in the commercial sector as well as the growing real estate segment of the country.
According to 6Wresearch, Ethiopia Elevator and Escalator Market size is projected to grow at a CAGR of 3.4% during 2019-25. Upcoming large-scale industrial corridor projects, such as the Kilinto Industrial Park and Arerti Industrial Park are expected to positively influence the demand of cargo elevators in the country. Further, 38 projects worth $19.1 million in the year 2018 boosted the demand for passenger elevators.
Ethiopia seeks to diversify their economy by focusing on domains such as tourism and manufacturing, thereby predicted to undergo significant growth in the new installation segment over the coming years. Growth in the residential segment would propel the demand for more elevators in the country during the forecast period as several upcoming residential units such as Condominium Housing (20/80), 40/60 Housing Program would typically have 8 to 18 storeys, which would require the deployment of elevators.
The Ethiopia elevator and escalator market report thoroughly covers market by elevator types, escalator types, services types and applications. The Ethiopia elevator and escalator market outlook report provides an unbiased and detailed analysis of the on-going Ethiopia elevator and escalator market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Ethiopia Elevator and Escalator Market Overview
- Ethiopia Elevator and Escalator Market Outlook
- Ethiopia Elevator and Escalator Market Forecast
- Ethiopia Elevator and Escalator Market Share, By Countries
- Ethiopia Elevator and Escalator Market Size and Historical Data of Ethiopia Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
- Ethiopia Elevator and Escalator Market Forecast of Revenues & Volume until 2025
- Historical data & Forecast of Ethiopia Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical data & Forecast of Ethiopia Elevator Market Revenues & Volume for the Period 2015-2025F
- Historical data & Forecast of Ethiopia Escalator Market Revenues & Volume for the Period 2015-2025F
- Historical data & Forecast of Ethiopia Elevator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical data & Forecast of Ethiopia Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical data & Forecast of Ethiopia Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
- Market Drivers, Restraints and Trends
- Ethiopia Elevator and Escalator Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Ethiopia Elevator and Escalator Market Opportunity Assessment
- Ethiopia Elevator and Escalator Market Share, By Players
- Ethiopia Elevator and Escalator Market Overview, By Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Ethiopia Elevator and Escalator MarketReport Covered:
The report provides a detailed analysis of the following market segments:
- By Types:
- Elevator:
- Passenger
- Cargo
- Home
- Escalator:
- Moving Stairs
- Moving Walkways
- By Applications:
- Commercial
- Industrial
- Residential
- By Services:
- Maintenance
- Modernization
- Elevator:
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