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Elevator and Escalator Market Growth in South Korea to 2019 - Industry Research Report

Elevator and Escalator Market in South Korea 2015-2019 – Industry Research Report is a new research report added by Sandlerresearch.org under the construction category. Report also includes a discussion on the key vendors operating in this market.The forecast elevator and escalator market in South Korea to grow at a CAGR of 1.69% in terms of newly installed units over the period 2014-2019.Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building’s premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others. They are also installed in public places to improve vehicle parking management.


Covered in this report

The report includes the present scenario and growth prospects of the elevator and escalator market in South Korea for the period 2015-2019. To calculate the market size, the report considers the number of the newly installed elevator and escalator units in the country.

The report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in South Korea, outlines the challenges faced by the vendors and the market at large, and highlights the key trends visible in the market.

Key vendors

  • Fujitec
  • Hyundai
  • Otis
  • Schindler
  • ThyssenKrupp


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Other prominent vendors

  • Handok Elevator
  • Joung-il Industry
  • Mitsubishi Elevator Korea
  • Nara Elevators
  • Sin Woo Elevator
  • TELC

Key market driver

  • Upcoming winter Olympics 2018

Key market challenge

  • Jeonse system


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Key market trend

  • Increase in MRL elevator installation

Key questions answered in this report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


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