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Italy 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

The report titled “Italy 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 Italy. The report covers Italy 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, Axel Lifts, Daldoss and Elex Lifts) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Industry Overview
The Italian economy went through a major setback during the global financial crises of 2008. The country could not revive easily and showed positive growth in the year 2014. However the country has shown signs of recovery. The new government has implemented several political, economic and institutional reforms which are gradually making the country an important market for foreign investors. The country is expected to show strong growth in the public infrastructure and the real estate market. The market for elevators and escalators has grown at a rate of ~% from USD ~ million in 2012 to USD ~ million in 2017. Around 69% of the country’s population resides in urban areas and is continuously increasing. The increasing demand for the commercial and residential space in urban areas has catapulted the market in Italy and made it one of the biggest markets for elevators and escalators in Europe. The highest demand in the country has been from the residential sector. Use of private elevators is also prevalent in the country. The demand for new installation has also been significant in different public infrastructure facilities. All these factors are collectively are augmenting the elevator and escalator market in the country.

Market Segmentation of Italy Elevators and Escalators Market
Italy Elevators and Escalators Market: The Italian 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 Italy. While the rest ~% (USD ~ million) of share in the market was contributed by maintenance and modernization of already installed equipments.

Italy Elevators Market Segmentation: The elevators market in the Italy 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.

Italy Escalators Market Segmentation: The escalators market in Italy 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 Italy in 2017.

Competitive Scenario in Italy 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 Italy elevator and escalator market are; Kone, Otis, Schindler, ThyssenKrupp, Axel Lifts, Daldoss and Elex Lifts.

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 Italy 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 Italy 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 Italy 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 Italy during 2017. Other major players in the French elevator and escalator market are Axel Lifts, Daldoss and Elex Lifts.

Future Potential of Italy Elevators and Escalators Market
The revenue from the Italy 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 maintenance and modernization of machines will contribute a substantial amount of revenue to the overall market. The market leaders like Otis, Schindler and ThyssenKrupp will dominate the overall market. These companies are expected to further grow their presence, which will make the market more concentrated, however the business of other smaller players will also grow. These players primarily deal in designing and manufacturing customized machines and equipment majorly for the residential real estate market. The demand for energy efficient elevators and escalators is also picking up in Italy. Companies are coming up with modernizations and new equipments that make use of the minimum amount of energy. Architects are also now designing green buildings and require elevators and escalators that consume less energy and are economical to run. With the increase in government spending on public infrastructure the demand for new installation will further boost. As the country is gradually propagating on the path of growth after reviving from the economic crises, the real estate sector in the country is expected to boom. This will further create demand and instill growth in the elevator and escalator market in the country.
Key Topics Covered in the Report:
Italy Elevators and Escalators Market Revenue
Italy Elevators Market Demand
Escalators Demand in Italy
Italy Elevator Maintenance Market
Italy Escalators Maintenance Market
Elevators Demand from Commercial and Retail Sector
Passenger Elevator Market Size Italy
Material Handling Elevators Market Size Italy
Maintenance Contacts of Elevators Italy
Hydraulic elevators demand in Italy
Italy Elevator Aftermarket Size
Moving Walkways elevator companies Italy
Regulations in Italy elevator and escalators market
Escalators Demand from Residential Sector
Competition Italy Elevators and Escalators Industry
Major Companies Italy Elevators and Escalators Market
Future Outlook of Italy Elevators Market
Future Outlook of Italy Escalators Market
Otis Italy revenue from elevators and escalators
Kone Italy revenue from elevators and escalators
Schindler Italy revenue from elevators and escalators
Axel Lifts Italy revenue from elevators and escalators
ThyssenKrupp Italy revenue from elevators and escalators

The post Italy 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 appeared first on Ken Research.



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Italy 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

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