6wresearch logo
6wresearch discount on market reports

Research report explores Australia & New Zealand's elevator & escalator market

April 10, 2017

Australia and New Zealand Elevator & Escalator Market to Grow at a CAGR of 4.4% During 2017-23- 6Wresearch

Over the last three years, owing to economic slowdown, decline in exports coupled with depreciating currency resulted in the overall slowdown of government spending towards several infrastructure development & construction projects in both Australia and New Zealand. Thus, affecting the number of new installations of elevators and escalators in the region during 2014-16.

However, during the last quarter of 2016, the market witnessed a surge in construction projects due to increasing FDIs especially in Australia's retail and hospitality sectors.

According to 6Wresearch, Australia and New Zealand Elevator and Escalator Market is expected to Register a CAGR of 4.4% during 2017-23

Growing skyscraper construction, surge in construction market, growing government spending, infrastructural development projects, and increasing FDI in retail and construction market along with growing installation of elevators in residential vertical would drive the demand for elevator and escalator systems in Australia and New Zealand over the next six years.According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, "Commercial vertical which includes transportation and retail segments, accounted for major share in the overall market. Australia and New Zealand are posting significant infrastructural development activities in commercial sector.

upcoming residential construction projects to further stimulating the growth in the forecast period".

"Moreover, rise in the number of foreign tourists are boosting tourism industry, which is driving the construction of new hotels across the region, especially New South Wales, Victoria and Auckland, resulting into increased deployment of elevators in the country," Samuel further added.

According to Shefali Goel, Sr. Research Analyst, Research and Consulting, 6Wresearch, "Amongst all services, new installation service segment contributes a major share in the market revenues.

However, with the growing elevator and escalator base in the region, maintenance service segment is expected to witness maximum growth over the next six years."

"Further, Australia accounted for largest share in Australia and New Zealand elevator and escalator market attributed to key construction projects in commercial and retail verticals," Shefali concluded.

Major companies in Australia and New Zealand elevator and escalator market include- Kone Corporation, Otis Elevator, Schindler, and ThyssenKrupp.

"Australia and New Zealand Elevator and Escalator Market (2017-2023)" provides in-depth analysis with 88 figures and 9 tables covered in more than 128 pages. Make an Inquiry about this newsThe report estimates and forecast overall Australia and New Zealand elevator and escalator market by revenue, by types, by countries, by services and by verticals such as residential, commercial, and industrial. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

Media Source: WhaTech

      Browse More Report

India Edge Server Market (2018-2024)

Market Forecast By Types (Rack Server, Blade Server and Tower Server), By Topologies (Consolidated Edge Topology and Single Site Edge Topology), By Edge Services (Access Edge Service, A/V Edge Service and Web Conferencing Edge Service), By End User Verticals (BFSI, Government, Telecommunication, Commercial Offices & IT/ITes and Others...

Read More

UAE Commercial Vehicle Telematics Market (2018-2024)

Market Forecast By Vendor Types (OEM and Aftermarket), By Sectors (Construction & Infrastructure, Logistics, Government & Infrastructure, Transportation and Others), By Commercial Vehicle Types (Light Duty Commercial Vehicle...

Read More

Saudi Arabia Pillow Market (2018-2024)

Market Forecast By Types (Microfiber, Down & Feather, Foam & Memory Foam and Others), By Applications (Residential and Commercial), By Regions (Central, Western, Eastern and Southern), By Distribution Channels (Hyper Markets & Super Markets, Specialist Retailers and Others...

Read More

Middle East Fire Safety Systems and Equipment Market (2018-2024)

By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical), Fire Sprinkler Systems...

Read More

Saudi Arabia Cable Tray Market (2018-2024)

Market Forecast By Materials (Aluminum, Steel and Stainless Steel), By Types (Ladder, Solid Bottom, Trough & Perforated, Channel, Wire Mesh and Single Rail), By Applications (Power Utilities, Construction, Industrial and Others), By Regions...

Read More

UAE Augmented and Virtual Reality Market (2017-2023)

Market Forecast By Type (Head Mounted Display, Head-Up Display, Smart Glass and Mobile Devices), By Verticals (Entertainment, Commercial, Automotive and Others), By Regions (Northern Emirates and Southern Emirates) and Competitive Landscape

Read More

Europe Lithium Ion Battery Market (2018-2024)

Market Forecast By Power Capacities (5-25 Wh, 48-95 Wh, 15-99 KWh, 100-250 KWh and Above 300 KWh), By Components (Cathode, Anode, Electrolytic Solution and Others), By Materials (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others...

Read More

India Air Purifier Market (2018-2024)

Market Forecast By Segments (Car and Room), By Types (Type I: HEPA + Carbon, Type II: HEPA + Carbon + Ionizer, Type III: HEPA + Carbon+ UV, Type IV: HEPA + Carbon + Electrostatic, Type V: HEPA + Carbon + Ionizer+ UV + Electrostatic and Type VI: Other Technologies...

Read More

Saudi Arabia Road Assistance and Vehicle Service Market (2018-2024)

Market Forecast By Package Type (Basic Package and Custom Package), By Regions (Central Region, Northern Region, Western Region and Southern Region) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events