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Elevator and Escalator Market in South Korea 2015-2019 - Industry Research Report

Elevator and Escalator Market in South Korea 2015-2019 - Industry Research Report

About elevators and escalators

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.

Technavio's analysts forecast the 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.

Covered in this report

In this report, Technavio 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
Other prominent vendors
  • Handok Elevator
  • Joung-il Industry
  • Mitsubishi Elevator Korea
  • Nara Elevators
  • Sin Woo Elevator
  • TELC
Key market driver
  • Upcoming winter Olympics 2018
  • For a full, detailed list, view our report
Key market challenge
  • Jeonse system
  • For a full, detailed list, view our report
Key market trend
  • Increase in MRL elevator installation
  • 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 South Korea 2015-2019

Technavio recognizes the following companies as the key players in the Elevator and Escalator Market in South Korea: Fujitec Korea, Hyundai Elevator, Otis Elevator Korea, Schindler Korea, and ThyssenKrupp Elevator Korea.

Other Prominent Vendors in the market are: Handok Elevator, Joung il Industry, Mitsubishi Elevator Korea, Nara Elevators, TELC, and Sin Woo Elevator.

Commenting on the report, an analyst from Technavio’s team said: “Manufacturers in South Korea have gradually started to manufacture MRL elevators. MRL elevators are found to be more economical and efficient in various aspects and a key advantage offered by these elevators is that it eliminates the need for additional space for the lift operator.”

According to the report, the majority of high-rise buildings being constructed in South Korea are being developed for the purpose of residential occupancy and it is expected to drive the market considerably during the forecast period.

Further, the report states that currently the market is witnessing intense competition among the leading market vendors and a rise in demand for technologically advanced elevator and escalator equipment in the country.

Companies Mentioned

Fujitec Korea, Hyundai Elevator, Otis Elevator Korea, Schindler Korea, ThyssenKrupp Elevator Korea, Handok Elevator, Joung il Industry, Mitsubishi Elevator Korea, Nara Elevators, TELC, Sin Woo Elevator.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Elevators and escalators 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 elevators and escalators
      • Table Supply chain for elevators and escalators
    • Key investment opportunities in elevator and escalator market in South Korea
      • Table Key investment opportunities in elevator and escalator market in South Korea
  • Market landscape
    • Elevator and escalator market in South Korea by new installed units 2014-2019
      • Table Elevator and escalator market share in South Korea by new installed units 2014-2019
      • Table Elevator and escalator market size and forecast in South Korea by new installed units 2014-2019
    • Five forces analysis
      • Table Five forces analysis
  • Elevator and escalator market in South Korea
    • Elevator market size and forecast in South Korea by new installed units 2014-2019
      • Table Elevator market size and forecast in South Korea by new installed units 2014-2019
    • Escalator market size and forecast in South Korea by new installed units 2014-2019
      • Table Escalator market size and forecast in South Korea by new installed units 2014-2019
  • Market drivers
    • Table Upcoming residential projects in South Korea
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Fujitec Korea
      • Table Fujitec Korea: Product segmentation 2014
    • Hyundai Elevator
      • Table Hyundai Elevator: Products
      • Table Hyundai Elevator: Business segmentation by revenue 2014
      • Table Hyundai Elevator: Business segmentation by revenue 2013 and 2014 ($ millions)
    • Otis Elevator Korea
      • Table Otis Elevator Korea: Product segmentation
    • Schindler Korea
      • Table Schindler Korea: Product segmentation 2014
    • ThyssenKrupp Elevator Korea
      • Table ThyssenKrupp Elevator Korea: Product segmentation 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

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