Smart Elevators and Escalators Market: Giant Leaps by Infrastructure Developments in Emerging Economies bolster uptake
The global smart elevators and escalators market witnesses a consolidated landscape as a large portion of the global shares lie at the hands of few players, notes Transparency Market Research (TMR). Top players include thyssenKrupp AG, KONE Corporation, Otis Elevator Company, and Schindler Holding Ltd. These players have earned sizeable stakes in the market on account of their vast technological expertise and pervasive geographic presence, especially in developing countries. TMR observes that leveraging on this potential has enabled these companies to stay ahead of several of their competitors that include Siemens Building Technologies AG, Toshiba Elevator, Hitachi Ltd., Hyundai Elevator, and Mitsubishi Electric Corporation. The leading players are also focusing on making product innovations and in acquiring domestic vendors to garner competitive gains over others. The overall opportunities in the global smart elevators and escalators market is projected to be worth ...