Research and Markets: Australia Elevator and Escalator Market 2015-2019 with Kone, Otis, Schindler & ThyssenKrupp Dominating
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/hndxvp/elevator_and) has announced the addition of the “Elevator and Escalator Market in Australia 2015-2019” report to their offering.
The elevator and escalator market in Australia to grow at a CAGR of 4.17%, in terms of newly installed units, over the period 2014-2019.
The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description of other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by vendors and the market at large, and highlights the key trends visible in the market.
As machine room-less (MRL) elevators have minimal mechanical parts, power consumption and maintenance costs are reduced. The roller-shoe suspension used here replaces the gear system and enables the smooth ride and landing of an elevator. Top vendors such as ThyssenKrupp are installing a permanent magnet synchronous gearless drive unit inside the shaft that eliminates the need for a geared operating system. Also, these elevators are easy to install. MRL elevators are economical and efficient, which means increased adoption and resultant market growth during the forecast period.
According to the report, since the 2008 financial crisis, the government of Australia has been making efforts to support the recovery of the MNR sector, which has a direct impact on the country’s economy as minerals are used in trade. With this sector stabilizing by 2012, the government shifted its focus to the construction sector. In 2014, $15 billion was allocated to infrastructure development, which included multistoried residential and commercial buildings. This will propel the growth of the elevators and escalators market during the forecast period.
Further, the report states that Australian standard lift codes for every project and this is hindering the manufacture of customized elevators, and therefore affecting the elevator and escalator market in Australia adversely.
Key customer segments
- Commercial customers
- Non-commercial customers
- Kone Australia
- Otis Australia
- Schindler Australia
- ThyssenKrupp Australia
Other prominent vendors
- Access Elevators
- Eastern Elevators
- Sito Elevators
- Southern Lifts
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Industry overview
Part 06: Market landscape
Part 07: Construction Sector
Part 08: Impact of drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information visit http://www.researchandmarkets.com/research/hndxvp/elevator_and
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Sector: Elevators and Escalators