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Follow on Google News | South-East Asia Elevator & Escalator Market (2016-2022) Report-6WresearchMarket Forecast by Segments (Elevator (Passenger, Home and Cargo) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial), Countries
According to 6Wresearch, South East Asia elevator & escalator market is expected to grow at a CAGR of 3% during 2016-22. In South East Asia's elevator & escalator market, the elevator segment accounted for majority of the market revenue owing to high installation of elevators in retail and residential verticals. However, escalator segment is projected to grow at a higher CAGR during 2016-2022, primarily due to growing airports, metros and railway development projects in South East Asia region. Amongst all verticals, commercial vertical acquired highest revenue share of the market pie in the region. Over the next six years, residential vertical is forecast to grow at relatively higher CAGR during 2016 to 2022. In South East region, Malaysia held major market for elevator & escalator in terms of revenue, owing to increasing infrastructure development activities, especially in commercial and residential verticals. However, over the next six years, Vietnam elevator and escalator market is expected to witness higher growth in the South East Asia region. The report thoroughly covers the market by elevator & escalator types, by verticals, by services and by regions. The report provides unbiased and detailed analysis of the on-going trends, opportunities/ Source Link: http://www.6wresearch.com/ For Further details, please contact: Email Us: sales@6wresearch.com Call Now: +91-11-430-24- End
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