Africa Elevator And Escalator Market (2021-2027)
Market Forecast By Types (Elevator (Passenger, Cargo Elevator And Home Elevator), Escalator (Moving Walkway And Moving Stairway)), By Applications (Residential, Commercial And Industrial), By Service Type (New Installation, Maintenance And Modernization), By Countries (South Africa, Egypt, Nigeria, Algeria, Ghana, Kenya, Tanzania, Morocco, Ethiopia, And Others) And Competitive Landscape
According to 6Wresearch, Africa Elevator and Escalator Market size is projected to grow at CAGR of 8.1% during 2021-27. 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.
Africa elevator and escalator market is expected to grow on the back of strengthening the tourism industry, construction of skyscrapers and energy-efficient buildings, and increasing infrastructural development in African countries. Projects, such as the new administrative capital in Egypt, Airport city in Nigeria, and expansion of metro lines in many other countries, would also provide a necessary boost to the elevator and escalator market during the forecast period.
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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%.
Key Highlights of the Report
- Africa Elevator and Escalator Market Overview
- Africa Elevator and Escalator Market Trends
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Africa Elevator and Escalator Market Outlook
- Africa Elevator and Escalator Market Forecast
- Africa Elevator and Escalator Market Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- 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
- 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
- Historical data & Forecast of South Africa Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2017-2027F
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