Africa Elevator And Escalator Market (2022-2028) | Outlook, Forecast, Size, Trends, Value, Revenue, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Africa Elevator and Escalator Market report thoroughly covers the market by service types, product types, elevator types, escalator types, and countries. The Africa elevators and escalators market outlook report provides an unbiased and detailed analysis of the on-going Africa elevators and escalators 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.

Africa Elevator and Escalator Market Synopsis

Africa Elevator and Escalator Market is gaining traction in the region on account of growing demand from the commercial and residential sectors. In Africa, the expansion of infrastructure in the areas of retail, hospitality, commercial offices, healthcare, and residential apartments would continue to drive the demand for elevators and escalators in the region during the forecast period.

However, elevator and escalator market witnessed a slowdown in 2020 owing to the ongoing pandemic of COVID-19 which resulted in the halt of construction projects, suspension of economic activities and lockdown across various countries. Although, with the gradual recovery of the economic activities and relaxation in lockdown measures, the market is expected to regain its momentum during the forecast period.

According to 6Wresearch, Africa Elevator and Escalator Market size is projected to grow at CAGR of 8.1% during 2021-27.  The commercial and residential segments are expected to grow in the future due to an increase in FDI and urbanization across all major countries, which would boost the Africa elevators and escalators market revenues. Additionally, major hotel chains are expanding their presence across several countries, and large-scale government infrastructure development projects, such as airport expansions, metro expansions, and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in the demand for elevators and escalators in the African region in the near future.

Market Analysis by Applications

The new installation and modernization segment are the key revenue generators in the overall Africa elevators and escalators market in 2020 with a cumulative market share of around 60%. As urbanization and infrastructure development continue to play an important role in the region, Elevator and Escalator Market would witness sound revenue growth. South Africa and Egypt registered maximum number of new installation and accounts for majority of the market revenue and volume share.

Market Analysis by Geography

Among all the geographies, South Africa Elevators and Escalators Market acquired the largest market revenue share for the year 2020 owing to an increase in commercial, industrial, and residential projects across South Africa which is creating a surge in demand for elevators and escalators in the country. The market for countries such as Kenya and Egypt is predicted to show significant growth in the coming years on increasing public sector spending and public transportation infrastructure development.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Africa Elevator and Escalator Market Overview
• Africa Elevator and Escalator Market Outlook
• Africa Elevator and Escalator Market Forecast
• Historical data & Forecast of Africa Elevator and Escalator Market Revenues for the Period 2017-2027F
• Historical data & Forecast of South Africa Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of South Africa Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Egypt Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & forecast of Egypt Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Kenya Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Kenya Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Nigeria Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Nigeria Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Ghana Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Ghana Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Tanzania Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Tanzania Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Algeria Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Algeria Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
• Historical data & Forecast of Morocco Elevator and Escalator Market Revenues & Volume for the Period 2017-2027F
• Historical data & Forecast of Morocco Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027FMarket Opportunity Assessment by Product Type
• Historical data & Forecast of Rest of the Africa Region Elevator and Escalator Market Revenues for the Period 2017-2027F
• Africa Elevator and Escalator Market Trends
• Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Elevator and Escalator Market Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

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

• By Type:
• Elevator
• Passenger
• Home
• Cargo
• Escalator
• Moving Stairs
• Moving Walks
• By Applications:
• Commercial
• Residential
• Industrial
• By Services:
• New Installation
• Modernization
• Maintenance
• By Countries:
• South Africa
• Egypt
• Nigeria Algeria
• Morocco
• Kenya Tanzania
• Ghana
• Ethiopia

Frequently Asked Questions About the Market Study:

• Does the report consider COVID-19 impact?
  The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

• How much growth is expected in the Africa Elevator and Escalator over the coming years?
  The Africa Elevator and Escalator revenue is anticipated to record a CAGR of 8.1% during 2021-27.

• Which segment has captured key share of the market?
  Elevators has dominated the market revenues led by the growing demand of the product in cold storage industry.

• Which segment is exhibited to gain traction over the forecast period?
  New installation segment would record key growth throughout the forecast period 2021-27.

• Who are key the key players of the market?
  The key players of the market include- Otis Elevator Co., Schindler Holding Ltd., KONE Corporation, Mitsubishi Electric Corporation, Thyssenkrupp AG, Hyundai Elevator Co. Ltd., Kleemann Hellas S.A, Omega Elevators, Fujitech Co. Ltd., Hitachi Ltd.

• Is customization available in the market study?
  Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements

• We also want to have market reports for other countries/regions.
  6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

• United States (US) Elevator and Escalator Market (2021-2027F)
• Brazil Elevator and Escalator Market (2021-2027F)
• Argentina Elevator and Escalator Market (2021-2027F)
• United Kingdom (UK) Elevator and Escalator Market (2021-2027F)