Selbyville, Delaware, Aug. 07, 2018 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. announces the launch of its latest report on escalators & moving walkways market featuring the key industry trends across the product, application, and regional landscape. The company forecasts the global escalators & moving walkways market share to surpass USD 20 billion by 2025.
The rapidly increasing urban population ratio is one of the chief drivers of the worldwide escalators & moving walkways industry growth. As per the World Health Organization, in 2015, the urban population accounted for nearly 54% of the global populace. The expanding infrastructure sector will further propel the demand for these escalators and walkways to facilitate ease of transportation.
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The key players profiled in the report are KONE Corporation, Schindler, Otis Elevator Company, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sicher Elevator Co., Ltd., Sigma Elevator Company, Stannah, Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd. The companies have been profiled in terms of their product portfolio, SWOT assessment, and strategic outlook.
The report also enumerates the challenges for the potential stakeholders which mainly include the huge investment involved in the installation and the high maintenance cost associated with these escalators and walkways.
Browse key industry insights spread across 320 pages with 269 market data tables & 24 figures & charts from the report, “Escalators & Moving Walkways Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/escalators-and-moving-walkways-market
Parallel escalators market is estimated to procure more than 50% of the overall escalators market share by 2025. The product will witness huge demand across commercial spaces, shopping malls, public infrastructure, airports, etc. Moving walkways market will register a y-o-y growth rate of 3% over 2018-2025. Escalators and moving walkways market from airports application is forecast to surpass USD 4 billion by 2025. India moving walkways market is poised to exceed USD 65 million by 2025.
Scope of the report:
Escalators & Moving Walkways Market Product Landscape: Escalators (Parallel, Multi-Parallel), Moving Walkways
Escalators & Moving Walkways Market Application Landscape: Public Transit, Retail, Airports, Institutional
Escalators & Moving Walkways Market Regional Landscape: U.S., Canada, Mexico, Germany, UK, Spain, Italy, France, Russia, India, China, Japan, Australia, Malaysia, Indonesia, South Korea, Brazil, South Africa, UAE, Saudi Arabia, Kuwait
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.