Japan Elevators and Escalators Market is Led by a Financially Stable Economy, High Investment in Public Infrastructure and Rise in Construction of High-Rise Buildings: Ken Research

New Delhi, January 25, 2018: Japan 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, FujiTec, Mitsubishi, ThyssenKrupp, Hitachi and Toshiba) 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 Japan has been supported by the stable financial economy of the country and maintenance and modernization of existing equipments.

The high investment by the government in public infrastructure and rise in number of high rise buildings in major cities will lead the growth of the Japanese elevators and escalators market in the upcoming years.

After the economic crises of 2007 Japan has stabilized itself financially and is propagating on the path of growth. The country has been witnessing continuous positive growth in the past couple of years. The stabilized financial scenario of the country has encouraged investments into the public infrastructure and real estate sector of the country. The government is investing heavily to develop the public infrastructure of the country and there has been a substantial increase in the number of high-rise buildings in major cities of the country. The strong growth of the economy is likely to continue in the future. The condition of the public infrastructure is also likely to improve and expand in the coming years. The current and future investment plan of the government into the public infrastructure will be directed towards improving the condition of the current public facilities and building new infrastructure to accommodate and cater to the increasing urban population of the country. The real estate market is also likely to grow substantially in the future. The supply of commercial complexes (office spaces, high-rise buildings in major cities, etc.) and residential complexes (condominium and apartment complexes) have witnessed fluctuation during the financial crises, but is expected to increase substantially owing to the strong financial condition of the country and increased investment into the sector. All these factors collectively are expected to foster growth into the elevators and escalators market in Japan.

Japan is one of the most technologically advanced countries in the world. The companies operating in the elevators and escalators market in Japan are also continuously innovating and introducing new technology and designs for their products. The use of mobile technology is revolutionizing the installation and servicing process of elevators and escalators in the country. The process is becoming safer and efficient. The concept of saving energy and using equipments that consume less energy is catching pace in the industry and is likely to derive the market in the future. The migration trend towards cities is creating demand for more residential complexes in and near major cities of the country. Collectively all these reasons will derive the elevator and escalators market in Japan in the coming years.

Ken Research in its latest study, Japan 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 Japan will grow at a gradual rate owing to the rise in public infrastructure & real estate investment, rise in number of high-rise buildings and growing urban population.

Key Topics Covered in the Report:

Japan Elevators and Escalators Market Revenue

Japan Elevators Market Demand

Escalators Demand in Japan

Japan Elevator Maintenance Market

Japan Escalators Maintenance Market

Elevators Demand from Commercial and Retail Sector

Passenger Elevator Market Size Japan

Material Handling Elevators Market Size Japan

Escalators Demand from Residential Sector

Competition Japan Elevators and Escalators Industry