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Introduction of High-speed Elevators Triggering Growth in the Elevator and Escalator Market in Japan

Reportstack has announced a new market research report on the Elevator and Escalator Market in Japan 2014-2018. One major trend upcomimg in this market is the emergence of energy-efficient elevators and escalators. Vendors are spending more on their R&D activities to develop new and innovative products that consume less energy owing to the growing demand for energy-efficient elevators and escalators in Japan. The Elevator and Escalator market in Japan is expected to grow at a CAGR of 4.73 percent during the period 2013-2018. 

To access full report with TOC, please visit Elevator and Escalator Market in Japan 2014-2018

The maintenance and repair of elevators and escalators has become a major source of revenue in the Elevator and Escalator market. The maintenance and repair of installed elevators and escalators accounted for 45.00 percent of the total revenue generated in the Elevator and Escalator market in Japan in 2013. 

“Vendors in the Elevator and Escalator market in Japan are engaged in manufacturing some of the world's fastest elevators, achieving speeds up to 25 m/s,”. 

“This trend of introducing high-speed elevators is expected to further contribute to the growth of the Elevator and Escalator market in Japan.” 

To define the market conditions in the next 3-4 years, The analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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Reportstack is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack members with cutting edge research products to facilitate strategic business decisions.

 

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