US Elevator And Escalator Market (2019-2025) | Size, Trends, Growth, Revenue, Share, Industry, Companies, Value, Analysis, Outlook & Forecast

United States (US) Elevator and Escalator Market are projected to register sound revenues in the coming timeframe backed by an increased installation in the residential sector. Moreover, the growing construction projects like LaGuardia Airport Construction Projects, and O; Hare Airport Construction Project are some ongoing projects in the country that are estimated to leave a positive impact on the installation of the elevator and escalator which is further expected to spur the impressive US Elevator and Escalator Market Growth in the coming time zone.

US elevator and escalator market registered a constant growth in new installations during 2018-19 due to the completion of ongoing construction projects in the country. The elevator and escalator market in the country is expected to show modest growth on account of an increase in construction activities in the region. Further, the growing role of public-private partnerships in the areas of commercial and residential construction is expected to further support the growth of the elevator and escalator market over the coming years.

According to 6Wresearch, the US Elevator and Escalator Market size is projected to grow at a CAGR of 2.0% during 2019-2025. The US elevator and escalator market are expected to show steady growth owing to government initiatives to move the country out of a phase of economic stagnation and boost investment outlook in the region. The construction sector in the United States is witnessing revival and is expected to show considerable growth over the coming years, thereby fostering the demand for elevators and escalators as well. The elevator segment captured major revenue share in the overall elevators and escalators market in the US in 2018, wherein the majority of the installations were witnessed in office spaces, residential, retail, transportation, and hospitality sectors. Amongst all elevator types, passenger elevators acquired the highest revenue share in the overall market.

The commercial application market is the leading revenue-generating segment in the US elevator and escalator market owing to an increase in the installation of elevators and escalators in the retail and transportation domain. Additionally, major hotel chains are expanding their presence across the country, and the setting up of large-scale government establishments and other social infrastructures are also strengthening the construction sector in the region. These would result in an increase in demand for elevators and escalators in the country in the near future.

In the US, the elevator segment held the majority of the market share in 2018, in terms of revenues, owing to increasing safety regulations along with rising demand for more technologically sophisticated products. The installation of elevators in a wide range of applications offers great potential for the elevators in the years to come.

The US elevator and escalator market report thoroughly covers the market by elevator types, escalator types, services types, and applications. The US elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing US 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.

Improvement in standard of living coupled with the rising development of the housing sector and establishment of buildings is driving the US elevator and escalator market share. Moreover, the growing ageing population in the country is also one of the major reasons that are proliferating the growth of the market.

The US elevator and escalator market are anticipated to garner significant revenues in the coming years on the back of the rising adoption of elevators and escalators in the residential domain in the country backed by the developments in the residential infrastructure which is leading to an increased demand for technically upgraded elevators in houses. Also, the focus of the country towards energy consumption and boosting green energy in the country is expected to trigger the sound growth of the US elevator and escalator market in the upcoming six years and provide great investment avenues for potential investors in the market in the coming timeframe.

Key Highlights of the Report

• US Elevator and Escalator Market Overview
• US Elevator and Escalator Market Outlook
• US Elevator and Escalator Market Forecast
• US Elevator and Escalator Market Size and Historical Data of US Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
• US Elevator and Escalator Market Forecast of Revenues & Volume until 2025
• Historical Data & Forecast of US Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Historical Data & Forecast of US Elevator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of US Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of US Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Historical Data & Forecast of US Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Market Drivers and Restraints
• US Elevator and Escalator Market Trends
• Porter’s Five Forces Analysis
• US Elevator and Escalator Market Opportunity Assessment
• US Elevator and Escalator Market Share, By Players
• US Elevator and Escalator Market Overview, By Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets 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

Other Key Reports Available:

• Africa Elevator & Escalator Market Report
• UAE Video Elevator & Escalator Market Report
• Turkey Elevator & Escalator Market Report

Frequently Asked Questions About the Market Study (FAQs):