MRO Magazine

Research and Markets: Elevator and Escalator Market in Russia 2015-2019 with KONE, Otis, Schindler & ThyssenKrupp Dominating

November 5, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Elevator and Escalator Market in Russia 2015-2019” report to their offering.

The elevator and escalator market in Russia to grow at a CAGR of 10.08% in terms of newly installed units over the period 2014-2019.

This report covers the present scenario and growth prospects of the elevator and escalator market in Russia for the period 2015-2019. To calculate the market size, the report considers revenue generated from newly installed units of elevators and escalators in Russia. The report also considers the number of new elevators and escalators installed in Russia. In addition, the report also presents the vendor landscape and a corresponding detailed analysis of four key vendors, as well as a brief description about other prominent vendors operating in the market. Further, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and market at large, as well as key trends emerging in the market.

According to the report, Russia will be hosting international mega sports events such as the 2016 World Hockey Championship and the 2018 FIFA World Cup. These events have resulted in a surge of infrastructure development across the country: the government is expected to invest $21 billion on infrastructure to support these events. In this context, large-scale construction and reconstruction projects are on the rise in the country, including highways, subways, integrated sports complexes, sports stadiums, and airports.

Further, the report states that Stainless steel, hardened steel, cast iron, aluminum, brass, bronze, and other metal alloys are required for the manufacture of the different components of elevators and escalators. The cost of these materials is increasing because of the demand-supply gap, leading to a rise in manufacturing costs for elevators and escalators.

Key customer segments

  • Commercial customers
  • Non-commercial customers

Key vendors

  • KONE Russia
  • Otis Russia
  • Schindler Russia
  • ThyssenKrupp Elevator

Other prominent vendors

  • Shenyang Brilliant Elevator
  • Siblift

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Elevators and Escalators