Elevator and Escalator Market in Turkey 2015-2019 - Market Study

Published: November 2015
No. of Pages: 50
   

Market outlook of the elevator and escalator market in Turkey

Elevators and escalators are installed in commercial, residential, and mixed-use buildings such as IT parks, hotels, restaurants, and retail outlets. The market for elevators and escalators in Turkey is positively influenced by the introduction of various supportive government initiatives, which aims to improve the overall economy of the market. During the forecast period, The market research analysts estimate the market for elevators and escalators in Turkey to post a healthy market growth rate of more than 7% and 5%, respectively.

This market research report, analysts envisage factors like the growth of the healthcare sector to drive market growth during the forecast period. Recent government initiatives that focus on expanding the healthcare sector are also expected to influence the market positively. Additionally, the construction of the Ankara Etlik health campus in this region is expected to boost the prospects for growth in this market.

Competitive landscape and key vendors

This market is characterized by the presence of numerous international and local vendors. The international players provide their equipment and services for large projects, whereas domestic vendors provide similar services to smaller projects majorly handled by SMEs and other small construction contractors.

Key vendors in this market are -

ThyssenKrupp

  • Otis
  • Schindler
  • Hyundai

Other prominent vendors in this region are BSB Elevator, Edoux Elevator, GTS Elevator and Escalator, Kleemann Asansor, KONE Turkey, Tromp Elevator and Escalator, and Turklift Elevator.

Growth drivers, challenges, and upcoming trends: Elevators and Escalators

Upcoming trends like the increasing export of elevator and escalator equipment are expected to foster market growth during the forecast period. As the market in Turkey is characterized by the presence of many local vendors, the export of elevator components to both European countries and the Middle Eastern countries is continually increasing. This augmented export of elevator components to countries like UAE and Qatar is expected to impel market growth during the forecast period.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the elevator and escalator market in Turkey. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Segmentation by type and analysis of the elevator market in Turkey

  • Hydraulic elevator
  • Electric elevator

The market research analyst has estimated the electric elevator segment to account for close to 89% of the total market share by 2019. Factors like its ability to carry more weight and its high-energy efficiency are responsible for this segments high market domination during the forecast period.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019
  • What are the key factors driving the elevator and escalator market in Turkey
  • What are the key market trends impacting the growth of the elevator and escalator market in Turkey
  • What are the challenges to market growth
  • Who are the key vendors in the elevator and escalator market in Turkey
  • What are the market opportunities and threats faced by the vendors in the elevator and escalator market in Turkey
  • What are the key outcomes of the five forces analysis of the elevator and escalator market in Turkey

Elevator and Escalator Market in Turkey 2015-2019 - Market Study

Table of Contents

PART 01: Executive summary
Highlights

PART 02: Scope of the report
Market overview

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights

PART 05: Industry overview
Elevators and escalators overview
Life cycle of elevators and escalators
Supply chain for elevators and escalators
Key investment opportunities for the elevators and escalators market in Turkey
Investment incentive schemes in Turkey

PART 06: Market landscape
Market size and forecast
Five forces analysis

PART 07: Elevators market in Turkey
Elevators market in Turkey

PART 08: Escalators market in Turkey
Escalators market in Turkey

PART 09: Market drivers
Government initiatives
Growth of real estate sector
Growth of the healthcare sector

PART 10: Impact of drivers

PART 11: Market challenges
Occurrence of accidents
Lack of skilled labor
Intense competition from domestic vendors

PART 12: Impact of drivers and challenges

PART 13: Market trends
Increased focus on safety in elevators and escalators
Increase in export of elevator and escalator equipment
Increase in electric elevator installations

PART 14: Vendor landscape
Competitive scenario
Other prominent vendors

PART 15: Key vendor analysis
HMF (Hyundai) Elevators and Services
Otis Turkey
Schindler Turkey
ThyssenKrupp Turkey

PART 16: Appendix
List of abbreviations

List of Exhibits

Exhibit 01: Report overview
Exhibit 02: Classification of elevators
Exhibit 03: Classification of escalators
Exhibit 04: Life cycle of elevators and escalators
Exhibit 05: Region segmentation according to regional investment incentive scheme
Exhibit 06: Turkish investment incentive schemes
Exhibit 07: Elevators and escalators market in Turkey by newly installed units 2015-2019
Exhibit 08: Elevators and escalators market in Turkey by revenue 2015-2019 ($ millions)
Exhibit 09: Five forces analysis
Exhibit 10: Segmentation of Ankara Etlik Health Campus according to bed allocation
Exhibit 11: Elevators market in Turkey by revenue 2015-2019 ($ millions)
Exhibit 12: Elevators market in Turkey by newly installed units 2015-2019
Exhibit 13: List of public infrastructure projects under expansion
Exhibit 14: Escalators market in Turkey by revenue 2015-2019 ($ millions)
Exhibit 15: Escalators market in Turkey by newly installed units 2015-2019
Exhibit 16: Investment incentive schemes in Turkey
Exhibit 17: Top 10 tallest residential and commercial buildings under construction
Exhibit 18: Healthcare projects under construction
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Elevators market in Turkey by type 2014
Exhibit 22: HMF Elevators and Services: Product segmentation 2014
Exhibit 23: Otis Turkey: Product segmentation 2014
Exhibit 24: Schindler Turkey: Product segmentation 2014

Published By: Infiniti Research Limited
Product Code: Infiniti Research Limited9694


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and we´┐Żll share relevant market report titles for you to explore.

Related Reports:


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Manufacturing & Construction market as per your needs. Get the best of Manufacturing & Construction research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Email Alerts

Get Email alerts about market research reports from industries and publishers of your interest: