Africa Elevator and Escalator Market to 2024: Commercial and Residential Segments are Expected to Grow in the Future Due to the Expected Increase in FDI and Urbanization

DUBLIN, March 27, 2019 /PRNewswire/ -- The "Africa Elevator and Escalator Market (2018-2024): Market Forecast By Types, By Verticals, By Service Type, By Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Africa Elevators and Escalators Market is projected to grow at a CAGR of 6.7% during 2018-24.

Africa elevator and escalator market registered a steady growth in terms of a number of new installations across countries over the past five years. South Africa and Egypt registered the maximum number of new installation and account for the majority of the Africa Elevator and Escalator market share. Although, rising urbanization coupled with growing government spending on infrastructural development projects as well as increasing inflow of FDI in the construction and retail sectors are some of the key factors that would propel the demand for elevators and escalators in Africa market during the forecast period.

The commercial and residential segments are expected to grow in the future due to the expected increase in FDI and urbanization across all major countries would boost Africa Elevators and Escalators Market forecast revenues. Additionally, major hotel chains are expanding their presence across several countries and large-scale government infrastructure development such as airport expansion, metro expansion and development of other social infrastructure. The strengthening of the construction sector would imply an increase in the demand for elevators and escalators in the African region.

New installation generated key revenues in overall Africa Elevators and Escalators Market share as urbanization and infrastructure development is growing in the region, leading to the development of key application sectors. As major African countries seek to diversify their economies by focusing on sectors such as tourism and manufacturing, the new installation segment would witness significant growth over the coming years.

The report thoroughly covers the market by service types, product types, elevator types, escalator types, and countries. The report provides an unbiased and detailed analysis of the on-going 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:

• Market Size and Forecast, until 2024.
• Historical data and Forecast of South Africa Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of South Africa Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Egypt Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Egypt Elevators and Escalators Market Revenues, By Types, Applications, and Services for the Period 2014-2024
• Historical data and Forecast of Kenya Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Kenya Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Nigeria Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Nigeria Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Ghana Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Ghana Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Tanzania Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Tanzania Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Algeria Elevators and Escalators Market Revenue and Volume for the Period 2014-2024
• Historical data and Forecast of Algeria Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Morocco Elevators and Escalators Market Revenue and Volume the Period 2014-2024
• Historical data and Forecast of Morocco Elevators and Escalators Market Revenues, By Types,
• Applications and Services for the Period 2014-2024
• Historical data and Forecast of Rest of the Africa Region Elevators and Escalators Market
• Revenue and Volume for the Period 2014-2024
• Market Drivers and Restraints
• Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Market Share, By Players
• Competitive Landscape
• Competitive Benchmarking, By Service Types
• Company Profiles
• Key Strategic Recommendations

Markets Covered

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

By Types

• Elevator
• Passenger
• Cargo Elevator
• Home Elevator
• Escalator
• Moving Walkway
• Moving Stairway

By Verticals

• Residential
• Commercial
• Industrial

By Service Type

• New Installation
• Maintenance
• Modernization

Countries Covered

• South Africa
• Egypt
• Kenya
• Nigeria
• Ghana
• Tanzania
• Morocco
• Algeria
• Others

Companies Mentioned

• Hyundai Elevator Co.,Ltd.
• Kleemann Hellas S.A.
• Kone Corporation
• Mitsubishi Electric Corporation
• Omega Elevators
• Otis Elevator Co.
• Schindler
• Thyssenkrupp Ag

For more information about this report visit https://www.researchandmarkets.com/research/qqqvs6/africa_elevator?w=5

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