Ghana Elevator and Escalator Market (2019-2025) | Trends, Industry, Forecast, Outlook, Share, Growth, Analysis, Companies, Value, Size & Revenue

Ghana Elevator And Escalator Market | Country-Wise Share and Competition Analysis

Ghana Elevator and Escalator Market Synopsis

Ghana Elevator and Escalator Market are expected to witness rapid growth owing to sizeable investment in the oil and gas, infrastructure, and transportation sectors. Further declining housing deficit has substantially increased the housing demand in the country. Additionally, as the government aims to drive economic growth through means of Public-Private Partnership the FDI in the region is anticipated to grow along with rising commercial and economic activities in the country. Healthy growth is anticipated during the forecast period on account of projected growth in the construction market, especially in high-rise buildings along with upcoming new hotels & shopping malls and increasing inflow of FDI in the construction and retail sectors.   

According to 6Wresearch, Ghana Elevator and Escalator market size is projected to grow at a CAGR of 5.8% during 2019-to 2025. The elevator segment captured the majority of the market share in the overall elevators & escalators market in Ghana. Amongst all the elevator segments, passenger elevators acquired the highest revenue share of the market.

The commercial application market is the leading revenue-generating segment in the Ghana elevator and escalator market owing to the increase in the installation of elevators and escalators in the commercial and transportation sector as the government focuses to drive growth through a series of investments in social infrastructure and transportation. Additionally, there has been a substantial increase in the tourist inflow in the country which has led to growth in the hospitality sector in Ghana. Large-scale government infrastructure development projects, such as Tema and Takoradi Ports expansion, Boankra Inland Port and Eastern Rail Corridor, expansion of the Accra-Tema, and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in demand for elevators and escalators in the country in near future.

In Ghana, the New Installations held the majority of the Ghana elevator and escalator market share, in terms of revenues owing to increasing infrastructure development activities and ushering rate of urbanization.

The Ghana elevator and escalator market report thoroughly covers the market by elevator type, escalator type, services type, and applications. The Ghana elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Ghana elevator and escalator market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

• Ghana Elevator and Escalator Market Overview
• Ghana Elevator and Escalator Market Outlook
• Ghana Elevator and Escalator Market Forecast
• Ghana Elevator and Escalator Market Share, By Countries
• Ghana Elevator and Escalator Market Size and Historical Data of Ghana Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
• Ghana Elevator and Escalator Market Forecast of Revenues & Volume until 2025
• Historical data & Forecast of Ghana Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Historical data & Forecast of Ghana Elevator Market Revenues & Volume for the Period 2015-2025F
• Historical data & Forecast of Ghana Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical data & Forecast of Ghana Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Historical data & Forecast of Ghana Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
• Historical data & Forecast of Ghana Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
• Market Drivers, Restraints, and Trends
• Ghana Elevator and Escalator Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Ghana Elevator and Escalator Market Opportunity Assessment
• Ghana Elevator and Escalator Market Share, By Players
• Ghana Elevator and Escalator Market Overview, By Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered:

The report provides a detailed analysis of the following market segments:

• By Types:

  • Elevator:
    • Passenger
    • Cargo
    • Home
  • Escalator:
    • Moving Stairs
    • Moving Walkways

By Applications:

• Commercial
• Industrial
• Residential

By Services:

• Maintenance
• Modernization