Traction Elevators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
The traction elevators are commonly used type of elevators observed in commercial and residential buildings. At present, the traction elevators are utilizing flat steel belts rather than conventional steel ropes. As flat steel belts are of very lightweight because of their carbon fiber core and high-friction coating, and can function without oil/lubricant. Because of mentioned aspects, elevator energy consumption among high-rise buildings can be controlled considerably which is making their adoption more in building
MARKET DYNAMICS
Rise in the infrastructural projects of commercial buildings like offices, shopping complexes will help in driving the growth of traction elevators. Also, with rising demand for energy consumption in high-rise buildings is another factor that will drive the adoption of traction elevators and thus influencing the market growth. In addition to this, favorable government support in construction industry especially the residential sector is projected to grow and which is anticipated to provide ample of growth opportunities to the players operating in the traction elevators market.
MARKET SCOPE
The "Global Traction Elevators Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the traction elevators market with detailed market segmentation - type, application, and geography. The global traction elevators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction elevators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction elevators market is segmented on the basis of type and application. Based on type, the traction elevators market is segmented into geared traction elevators, gearless traction elevators. On the basis of application, the traction elevators market is segmented into commercial, residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction elevators market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The traction elevators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the traction elevators market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the traction elevators in these regions.
By Type
By Application
MARKET PLAYERS
The reports cover key developments in the traction elevators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from traction elevators market are anticipated to lucrative growth opportunities in the future with the rising demand for traction elevators in the global market. Below mentioned is the list of few companies engaged in the traction elevators market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the traction elevators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The traction elevators are commonly used type of elevators observed in commercial and residential buildings. At present, the traction elevators are utilizing flat steel belts rather than conventional steel ropes. As flat steel belts are of very lightweight because of their carbon fiber core and high-friction coating, and can function without oil/lubricant. Because of mentioned aspects, elevator energy consumption among high-rise buildings can be controlled considerably which is making their adoption more in building
MARKET DYNAMICS
Rise in the infrastructural projects of commercial buildings like offices, shopping complexes will help in driving the growth of traction elevators. Also, with rising demand for energy consumption in high-rise buildings is another factor that will drive the adoption of traction elevators and thus influencing the market growth. In addition to this, favorable government support in construction industry especially the residential sector is projected to grow and which is anticipated to provide ample of growth opportunities to the players operating in the traction elevators market.
MARKET SCOPE
The "Global Traction Elevators Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the traction elevators market with detailed market segmentation - type, application, and geography. The global traction elevators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction elevators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction elevators market is segmented on the basis of type and application. Based on type, the traction elevators market is segmented into geared traction elevators, gearless traction elevators. On the basis of application, the traction elevators market is segmented into commercial, residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction elevators market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The traction elevators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the traction elevators market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the traction elevators in these regions.
Traction Elevators Market Report Analysis
Traction Elevators Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Delaware Elevator
- Delta
- ESCON
- Kone
- Oscan Elevators
- Otis Elevator Company
- Savaria
- Schumacher
- Schindler
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Geared Traction Elevators
- Gearless Traction Elevators
By Application
- Commercial
- Residential
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the traction elevators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from traction elevators market are anticipated to lucrative growth opportunities in the future with the rising demand for traction elevators in the global market. Below mentioned is the list of few companies engaged in the traction elevators market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the traction elevators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Delaware Elevator
- Delta
- ESCON
- Kone
- Oscan Elevators
- Otis Elevator Company
- Savaria
- Schumacher
- Schindler
- Thyssenkrupp
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Traction Elevators Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Delaware Elevator
2. Delta
3. ESCON
4. Kone
5. Oscan Elevators
6. Otis Elevator Company
7. Savaria
8. Schumacher
9. Schindler
10. Thyssenkrupp
1. Delaware Elevator
2. Delta
3. ESCON
4. Kone
5. Oscan Elevators
6. Otis Elevator Company
7. Savaria
8. Schumacher
9. Schindler
10. Thyssenkrupp
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