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Elevator and Escalator Market in Russia 2015-2019

Elevator and Escalator Market in Russia 2015-2019

About elevators and escalators

Elevators and escalators are used to move people and goods easily and efficiently within a building's premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

Technavio's analysts forecast the elevator and escalator market in Russia to grow at a CAGR of 10.08% in terms of newly installed units over the period 2014-2019.

Covered in this report

This report covers the present scenario and growth prospects of the elevator and escalator market in Russia for the period 2015-2019. To calculate the market size, the report considers revenue generated from newly installed units of elevators and escalators in Russia. The report also considers the number of new elevators and escalators installed in Russia. In addition, the report also presents the vendor landscape and a corresponding detailed analysis of four key vendors, as well as a brief description about other prominent vendors operating in the market. Further, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and market at large, as well as key trends emerging in the market.Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • KONE Russia
  • Otis Russia
  • Schindler Russia
  • ThyssenKrupp Elevator
Other prominent vendors
  • Shenyang Brilliant Elevator
  • Siblift
Market driver
  • Upcoming international events
  • For a full, detailed list, view our report
Market challenge
  • High manufacturing cost
  • For a full, detailed list, view our report
Market trend
  • Demand for energy-efficient elevators and escalators
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Elevator and Escalator Market in Russia 2015-2019.

Technavio recognizes the following companies as the key players in the Elevator and Escalator Market in Russia: KONE Russia, Otis Russia, Schindler Russia, Thyssen Krupp Elevator.

Other Prominent Vendors in the market are: Siblift, Shenyang Brilliant Elevator.

Commenting on the report, an analyst from Technavio’s team said: “There is high demand for energy-efficient products in the elevator and escalator market in Russia, triggered by the commitment of the construction industry toward sustainable development. Vendors in the market are increasing their R&D activities to develop products with minimum energy requirements. Otis and KONE, for instance, are working to ensure that they meet the current energy-saving requirements with regard to both function and design.”

According to the report, Russia will be hosting international mega sports events such as the 2016 World Hockey Championship and the 2018 FIFA World Cup. These events have resulted in a surge of infrastructure development across the country: the government is expected to invest $21 billion on infrastructure to support these events. In this context, large-scale construction and reconstruction projects are on the rise in the country, including highways, subways, integrated sports complexes, sports stadiums, and airports.

Further, the report states that Stainless steel, hardened steel, cast iron, aluminum, brass, bronze, and other metal alloys are required for the manufacture of the different components of elevators and escalators. The cost of these materials is increasing because of the demand-supply gap, leading to a rise in manufacturing costs for elevators and escalators.

Companies Mentioned

KONE Russia, Otis Russia, Schindler Russia, Thyssen Krupp Elevator, Siblift, Shenyang Brilliant Elevator

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Table Classification of elevators
    • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain for elevator and escalator market in Russia
      • Table Supply chain for elevator and escalator market in Russia
    • Elevator and escalator market in Russia: Key investment opportunities
    • Construction market in Russia
      • Table Construction market in Russia 2014
      • Table Key projects for the FIFA World Cup 2018 in Russia
  • Country overview
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Elevator and escalator market in Russia 2014-2019 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Elevator and escalator market in Russia by product 2014-2019
    • Elevator market in Russia
      • Table Elevator market in Russia 2014-2019 (units)
    • Escalator market in Russia
      • Table Escalator market in Russia 2014-2019 (units)
  • Market drivers
    • Table Air passenger traffic in Russia 2010-2014 (millions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Number of high-rise buildings in major cities of Russia 2014
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • KONE Russia
    • Otis Russia
    • Schindler Russia
    • ThyssenKrupp Elevator
  • Appendix
    • List of abbreviations
  • Explore Technavio

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