Nigeria Elevator and Escalator Market (2019-2025) | Trends, Outlook, Industry, Companies, Size, Share, Value, Growth, Analysis, Forecast & Revenue
Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways)), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance) and Competitive Landscape.
| Product Code: ETC001539 | Publication Date: Jan 2020 | Updated Date: Apr 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Elevator And Escalator Market | Country-Wise Share and Competition Analysis
In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a decline of -16.36% over the previous year. While Thailand registered a growth of 31.49% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Nigeria has the Herfindahl index of 1989 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 3017 which signifies high concentration in the market.
Nigeria elevator and escalator market is anticipated to grow at a breakneck speed during the forecast period owing to greater government capital expenditure and likely recovery of the construction sector. Significant growth is anticipated during the forecast period on account of projected growth in the construction market especially of high rise building along with upcoming new hotels & shopping malls as well as increasing inflow of FDI in the construction and retail sectors.
According to 6Wresearch, Nigeria elevator and escalator market size is projected to grow at a CAGR of 5.6% during 2019-25. The elevator segment captured majority of the market share in the overall elevator & escalator market in Nigeria, wherein majority of the installations were witnessed in the commercial, retail, transportation and hospitality sectors. 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 Nigeria elevator and escalator market owing to increase in installation of elevator and escalator in the retail and transportation market, due to rapid expansion and industrialization in the country. As the country remains largely under retailed, there has been a surge in the number of malls and retail stores across the country. Additionally, large-scale infrastructure development projects, such as Eko Atlantic, Baro in-Land Port, Lagos Light Rail, World Trade Centre, Lekki Free Trade Zone, Abuja Millennium Tower, Abuja Gateway Airport and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would spur the demand for elevator and escalator in the country in near future.
In Nigeria, the new installations segment held majority of the Nigeria elevator and escalator market share, in terms of revenues, owing to increasing infrastructure development activities, especially in the commercial and residential verticals as well as rapid pace of industrial and economic development in the country will supplement the demand of new units for elevators and escalators. Further, the modernisation and maintenance segment is likely to witness a positive growth trajectory in Nigeria elevator and escalator due to increasing installations and increasing safety regulations.
The Nigeria elevator and escalator market report thoroughly covers the market by elevator types, escalator types, service types and applications. The Nigeria elevator and escalator market outlook report provides an unbiased and detailed analysis of the on-going Nigeria elevator and escalator market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
- Nigeria Elevator and Escalator Market Overview
- Nigeria Elevator and Escalator Market Outlook
- Nigeria Elevator and Escalator Market Forecast
- Nigeria Elevator and Escalator Market Share, By Countries
- Nigeria Elevator and Escalator Market Size and Historical Data of Nigeria Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
- Nigeria Elevator and Escalator Market Forecast of Revenues & Volume Until 2025
- Historical Data & Forecast of Nigeria Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical Data & Forecast of Nigeria Elevator Market Revenues & Volume for the Period 2015-2025F
- Historical Data & Forecast of Nigeria Escalator Market Revenues & Volume for the Period 2015-2025F
- Historical Data & Forecast of Nigeria Elevator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical Data & Forecast of Nigeria Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
- Historical Data & Forecast of Nigeria Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
- Market Drivers, Restraints and Trends
- Nigeria Elevator and Escalator Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Nigeria Elevator and Escalator Market Opportunity Assessment
- Nigeria Elevator and Escalator Market Share, By Players
- Nigeria Elevator and Escalator Market Overview, By Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Nigeria Elevator and Escalator Market Report Covered:
The report provides a detailed analysis of the following market segments:
- By Types:
- Elevator:
- Passenger
- Cargo
- Home
- Escalator:
- Moving Stairs
- Moving Walkways
- Elevator:
- By Applications:
- Commercial
- Industrial
- Residential
- By Services:
- Maintenance
- Modernization
Other Key Reports Available:
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1 Executive Summary |
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2 Introduction |
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2.1 Report Description |
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2.2 Key Highlights |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3 Nigeria Elevator and Escalator Market Overview |
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3.1 Nigeria Country Indicators |
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3.2 Nigeria Elevator & Escalator Market Revenues, 2015-2025F |
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3.3 Nigeria Elevator & Escalator Market - Industry Life Cycle |
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3.4 Nigeria Elevator & Escalator Market - Porter’s Five Forces |
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3.5 Nigeria Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
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3.6 Nigeria Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
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3.7 Nigeria Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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4 Nigeria Elevator & Escalator Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5 Nigeria Elevator & Escalator Market Trends |
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6 Nigeria Elevator Market Overview |
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6.1 Nigeria New Installation Elevator Market Revenues & Volume, 2015-2025F |
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6.1.1 Nigeria New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F |
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6.1.1.1 Nigeria New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F |
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6.2 Nigeria Elevator Services Market Revenues, 2015-2025F |
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6.2.1 Nigeria Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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6.2.1.1 Nigeria Elevator Services Market Revenues, By Service Types, 2015-2025F |
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6.3 Nigeria Elevator Market Overview, By Applications, 2015-2025F |
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6.3.1 Nigeria Elevator Market Revenue Share, By Applications, 2018 & 2025F |
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6.3.1.1 Nigeria Elevator Market Revenues, By Applications, 2015-2025F |
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7 Nigeria Escalator Market Overview |
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7.1 Nigeria New Installation Escalator Market Revenues & Volume, 2015-2025F |
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7.1.1 Nigeria New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F |
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7.1.1.1 Nigeria New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F |
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7.2 Nigeria Escalator Services Market Revenues, 2015-2025F |
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7.2.1 Nigeria Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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7.2.1.1 Nigeria Escalator Services Market Revenues, By Service Types, 2015-2025F |
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7.3 Nigeria Escalator Market Overview, By Applications, 2015-2025F |
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7.3.1 Nigeria Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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7.3.1.1 Nigeria Escalator Market Revenues, By Applications, 2015-2025F |
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8 Nigeria Elevator & Escalator Market Overview, By Applications |
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8.1 Nigeria Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F |
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8.2 Nigeria Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F |
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8.3 Nigeria Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F |
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9 Nigeria Elevator & Escalator Market Key Performance Indicators |
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10 Nigeria Elevator & Escalator Market Opportunity Assessment |
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10.1 Nigeria Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
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10.2 Nigeria Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
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11 Nigeria Elevator & Escalator Market Competitive Landscape |
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11.1 Nigeria Elevator & Escalator Market Competitive Benchmarking, By Product Types |
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11.2 Nigeria Elevator & Escalator Market Revenue Share, By Company, 2018 |
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12 Company Profiles |
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13 Key Strategic Recommendations |
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14 Disclaimer |
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Figure 1. Nigeria Elevator & Escalator Market Revenues, 2015-2025F ($ Million) |
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Figure 2. Nigeria Elevator & Escalator Market - Industry Life Cycle |
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Figure 3. Nigeria Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
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Figure 4. Nigeria Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
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Figure 5. Nigeria Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 6. Nigeria New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
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Figure 7. Nigeria New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F |
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Figure 8. Nigeria New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F |
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Figure 9. Nigeria Elevator Services Market Revenues, 2015-2025F ($ Million) |
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Figure 10. Nigeria Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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Figure 11. Nigeria Elevator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 12. Nigeria New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
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Figure 13. Nigeria New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F |
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Figure 14. Nigeria New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F |
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Figure 15. Nigeria Escalator Services Market Revenues, 2015-2025F ($ Million) |
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Figure 16. Nigeria Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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Figure 17. Nigeria Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 18. Nigeria Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million) |
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Figure 19. Nigeria Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million) |
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Figure 20. Nigeria Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F ($ Million) |
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Figure 21. Nigeria Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
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Figure 22. Nigeria Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
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Table 1. Nigeria New Installation Elevator Market Revenues, By Elevator Types ($ Million) |
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Table 2. Nigeria New Installation Elevator Market Volume, By Elevator Types (Thousand Units) |
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Table 3. Nigeria Elevator Services Market Revenues, By Service Types ($ Million) |
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Table 4. Nigeria Elevator Market Revenues, By Applications, 2015-2025F, ($ Million) |
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Table 5. Nigeria New Installation Escalator Market Revenues, By Escalator Types ($ Million) |
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Table 6. Nigeria New Installation Escalator Market Volume, By Escalator Types (Thousand Units) |
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Table 7. Nigeria Escalator Services Market Revenues, By Service Types ($ Million) |
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Table 8. Nigeria Escalator Market Revenues, By Applications, 2015-2025F, ($ Million) |
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