DUBLIN--(BUSINESS WIRE)--The "Elevator and Escalator Market in Australia 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The elevator and escalator market in Australia is poised to grow by $ 426.71 mn during 2021-2025, progressing at a CAGR of about 4%

The market is driven by the advent of technologically advanced elevators, increased urbanization, and growing demand for eco-friendly elevators and escalators.

The report on elevator and escalator market in Australia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current Australia market scenario, latest trends and drivers, and the overall market environment. The elevator and escalator market in Australia analysis includes product segment and service segment.

This study identifies the elevator maintenance using IoT platform as one of the prime reasons driving the elevator and escalator market in Australia growth during the next few years. Also, increased demand for residential elevators and increasing adoption of predictive maintenance will lead to sizable demand in the market.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in Australia vendors that include Brilliant Lifts Australia Pty Ltd., Easy Living Home Elevators Pty Ltd., Grant Elevators, Hitachi Ltd., KONE Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Schindler Holding Ltd., Shotton Group, and thyssenkrupp AG.

Also, the elevator and escalator market in Australia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Key Topics Covered:

Executive Summary

• Market overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five Forces Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Elevator - Market size and forecast 2020-2025
• Escalator - Market size and forecast 2020-2025
• Market opportunity by Product

Market Segmentation by Service

• Market segments
• Comparison by Service
• New installations - Market size and forecast 2020-2025
• Maintenance - Market size and forecast 2020-2025
• Modernization - Market size and forecast 2020-2025
• Market opportunity by Service

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive Scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Brilliant Lifts Australia Pty Ltd.
• Easy Living Home Elevators Pty Ltd.
• Grant Elevators
• Hitachi Ltd.
• KONE Corp.
• Octagon Lifts Pty Ltd.
• Otis Worldwide Corp.
• Schindler Holding Ltd.
• Shotton Group
• Thyssenkrupp AG

Appendix

For more information about this report visit https://www.researchandmarkets.com/r/bqt3kx

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