It is expected that the MENA region will witness
installation of close to 700,000 new elevator units by2018. High growthin the
elevator market is expected from new construction in Middle East with sustained
elevator demand in Dubai and Abu Dhabi new demand emerging from Jeddah. Even
though Africa does not have many skyscrapers currently, and demand is primarily
for elevator repair and maintenance, with the government acutely aware that
poor infrastructure is the biggest obstacle to growth, elevator demand is
expected to rise.Kenya is emerging as a key market for elevators due to rapid
urbanisation and population growth coupled with expansion of the middle class.
In India with the government's drive for
infrastructure, rising urbanization and the increasing number of high rise
building, the elevator industry is headed for robust growth. Over the next
decade, 100 smart cities, several new airports and metro rail routes are
expected to be commissioned in India. The elevator market size in India was
approximately 52,600 units in 2013 and is projected to grow to more than
100,000 by 2018.The highest demand in the country is currently from the Western
Region followed by North & South.
Why should the
report be purchased?
The report ‘A Study
of the MENA & India Elevator Market 2015’ highlights key drivers of and
trends emerging in the MENA & Indian elevator market. The Initiatives and
performance of key players including Otis Elevator Company, Schindler Group,
KONE, ThyssenKrupp AG, Mitsubishi Electric Corphas been presented. The current
market scenario and future prospects of the sector has also been examined. The
report contains latest industry leaders verbatim.
Research
methodology
Publisher has conducted in depth secondary research to
arrive at key insights. Data collected from key industry sources has been
analyzed impartially to present a clear picture of the industry. All recent
developments which impact the sector dynamics have been captured and used to
support the research hypothesis.
Spanning over 40 pages “A Study of the MENA & India Elevator Market 2015” report
covers Global Elevator & Escalator Market, MENAElevator Market, India
Elevator Market, Competitive Landscape, Other Growing Elevator Markets,
Research Methodology. The report covered companies are - Otis Elevator Company,
Schindler Group, KONE, ThyssenKrupp AG, Mitsubishi Electric Corp
For more information Visit at: http://mrr.cm/ojN
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Report at: http://www.marketresearchreports.com/machinery
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