The report titled “Germany Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) – Outlook to 2022” provides a comprehensive analysis of elevators and escalators market in Germany. The report covers Germany elevators and escalators market size, market segmentations by new equipment installation & maintenance & modernization, by elevator (by end usage (passenger elevator market and material handling market), by type of machinery (traction (gear & gearless) & hydraulic (conventional hydraulic & roped) and MR & MRL), by door types and by sector (commercial complexes and residential complexes)) and by escalator (by end usage and by escalators & moving walkways). The report also covers market in different aspects such as trends and developments, issues and challenges, Porter Five Force analysis, contract for installation and maintenance of an elevator or escalator, safety rules issued by regulating authority, market share of major companies, company profiles of major players (Kone, Otis, Schindler, ThyssenKrupp and Schmitt + Sohn) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
Industry Overview
Germany is the largest economy in Europe and amongst the top 5 in the word. The country has strongly and swiftly revived from the global economic crises and the growth rate is gradually gaining momentum. The country has world class public infrastructure facilities; with high speed rail network across Germany which is amongst the best in the world. The country’s urban population is over 70% and is on the rise with a steady pace. The population of the major cities in the country is also increasing gradually. The cities across the country are continuously expanding to accommodate the increasing number of population and migration towards urban areas. All these factors have collectively augmented the public infrastructure and real estate sector in the country, which in turn has propelled growth in the elevator and escalator industry of the country. The market has grown at a rate of ~% from USD ~ million in 2012 to USD ~ million in 2017. The public infrastructure facilities are being gradually augmented by the government. The rail network and other public facilities built by the government during the 1990’s need continuous maintenance and modernization which is a key driver for the elevator and escalator industry. The country is witnessing a boost in the commercial and residential real estate sector. The demand for commercial and residential spaces has gone up considerably. This has further catapulted the market with new installations of elevators and escalators.
Market Segmentation of Germany Elevators and Escalators Market
Germany Elevators and Escalators Market: The German market for elevators and escalators has been bifurcated into two segments; new equipment installation and maintenance & modernization. In 2017, the revenue contributed by installation of new equipment was ~% (USD ~ million) of the total elevators and escalators market in Germany. While the rest ~% (USD ~ million) of share in the market was contributed by maintenance and modernization of already installed equipments.
Germany Elevators Market Segmentation: The elevators market in the Germany has been further segmented by sector, by types of machinery, door types and by end usage. On the basis of sector, the elevator market can further be bifurcated into elevators used in commercial complexes (retail spaces, office complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways etc.)) which contributed ~% (USD ~ million) of the overall elevator market in 2017, while the rest ~% (USD ~ million) was contributed by elevators used in residential complexes. By type of machinery used, the elevator market was bifurcated into traction machinery which contributed ~% (USD ~ million) and the rest ~% (USD ~ million) was contributed by hydraulic machinery. The elevator market can also be bifurcated into Machine Room (MR) which contributed ~% (USD ~ million) and Machine Room Less (MRL) which contributed ~% (USD ~ million) of the overall elevator market in 2017. The elevator market has also been bifurcated on the different types of doors used in an elevator. On the basis of end usage the elevator market has been segmented into passenger elevator market and material handling elevator market. The passenger elevator market contributed a share of ~% (USD ~ million) to the overall elevator market in 2017, while the rest ~% (USD ~ million) was contributed by material handling elevator market.
Germany Escalators Market Segmentation: The escalators market in Germany has been further segmented by sector and by escalators & moving walkways. On the basis of sector, the escalators market can further be segmented into different types of commercial complexes (retail spaces, office complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways etc.)). The market has also been segmented into stair escalators which contributed ~% (USD ~ million) and moving walkways which contributed the rest ~% (USD ~ million) to the overall escalators market in Germany in 2017.
Competitive Scenario in Germany Elevators and Escalators Market
The elevators and escalators market is highly concentrated and comprises of all the global players of the industry. The competition in the market is high as companies follow globally accepted standards. The entry of a new player is extremely difficult as the investment capital is very high. Companies have their own sales office and teams in different parts of the country. The major players in the Germany elevator and escalator market are; Kone, Otis, Schindler, ThyssenKrupp and Schmitt + Sohn.
Otis was the pioneer of safety elevator in the industry and is the world’s largest manufacturer of vertical transport systems. The company is present in more than 200 companies across the globe with around 66,000 employees worldwide and has its headquarters in Farmington, Connecticut, US. The company accounted for a share of ~% in the overall elevator and escalator market in Germany during 2017. Kone was founded in Helsinki, Finland in the year 1910. The company is one of the global leaders in manufacturing elevators and escalators. The company has operations in over 60 countries and authorized distributors in around 80 countries across the world. The company was also the pioneer of machine room less elevator system. The company accounted for a share of ~% in the overall elevator and escalator market in Germany during 2017. Schindler is a Swiss company founded in 1874 and has its headquarters in Ebikon, Switzerland. The company employs more than 5,000 people in over 250 locations across North America. The company accounted for a share of ~% in the overall elevator and escalator market in Germany during 2017. ThyssenKrupp is a multinational conglomerate present in more than 80 countries and employs around 155,000 people. The group manufactures a range of products and elevators and escalators manufacturing accounts for a substantial part of it. The company accounted for a share of ~% in the overall elevator and escalator market in Germany during 2017. Schmitt + Sohn is a German company founded in 1861 and has its headquarters in Nuremberg. The company specializes in manufacturing and maintenance of elevators. The company has its presence in Portugal, Austria and Czech Republic apart from Germany. The company also provides customized designs for individual requirements. The company accounted for a share of ~% in the overall elevator and escalator market in Germany during 2017.
Future Potential of Germany Elevators and Escalators Market
The revenue from the Germany elevators and escalators industry is projected to register gradual growth over the period 2018-2022. It is projected to grow by CAGR of ~% over the period 2018-2022 and is expected to reach USD ~ million in 2022 as compared to USD ~ million in 2018. The market is likely to be driven by installation of new equipment to replace the existing machinery. A substantial amount of market revenue will also be contributed by maintenance and modernization of machines that are on the verge of completing their lifecycle. The country is on the path of strong and robust growth which is likely to boost the real estate market in the country. The demand for commercial and residential spaces is likely to go up substantially within the next few years, which will further augment the elevator and escalator market in the country. Energy efficient elevators and escalators are gradually becoming popular and more and more clients and architects prefer using machinery that consumes the minimum amount of energy. This demand for green buildings that are sustainable and energy efficient is gradually changing the technology used and pushing the elevator and escalator industry to come up with innovative solution and designs to minimize the use of energy. The industry is likely to expand on the back of innovative technology to cope up with the challenges of future residential, commercial and public spaces.
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