France 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, Mitsubishi Electric, Ascenseurs CEPA, Copas Ascenseurs, Drieux-Combaluzier, Etna France and Sodimas Ascenseurs) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
- Elevators and Escalators market in France has been supported by the stable financial economy of the country and maintenance and modernization of existing equipments.
- The modernization of public infrastructure facilities and growth of the real estate sector will lead the growth of the French elevators and escalators market in the upcoming years.
The French economy is gradually reviving from the global economic meltdown of 2008. The country’s growth rate is likely to increase in the coming years considering the current trends of the economic growth. The public infrastructure spending is also likely to increase in the future. The rail transportation sector is in the need of a revamp. Most of the pre-installed elevators and escalators in public facilities have completed their lifecycle or are on the verge of completing. The installation of new equipments and to replace the existing ones will be a major driver for the market in the upcoming years. The development of high-rise buildings in major cities across the country will also catapult growth in the elevators and escalators market in the country. Rise in number of retail spaces and residential complexes are expected the most. The demand for customized designs and private installations is also likely to grow in the country. This demand is expected to give room to small and medium scale companies to penetrate the market and grow. All these factors collectively are expected to foster growth into the elevators and escalators market in France.
The French citizens enjoy a high standard of living. The healthcare infrastructure of the country is also considered amongst the best in Europe and the world. The elevators and escalators market is likely to drive growth on the back of development of the retail, healthcare and residential infrastructure in the country. The industry is likely to get poised with the concept smart elevator and escalator. The demand for equipments that consume less energy is likely to grow. More than 70% of the country’s population resides in urban areas and this is likely to grow in the future, which will create additional demand for development of commercial and residential infrastructure. Collectively all these reasons will derive the elevator and escalators market in France in the coming years.
Ken Research in its latest study, France 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, suggests that the elevator and escalator market in the France will grow at a gradual rate owing to the growth of the real estate sector, rise in number of high-rise buildings and growing urban population.
For more information on the research report, refer to below link:
Related Reports by Ken Research
Ankur Gupta, Head Marketing & Communications