Elevator Safety System Market Forecast to 2028

Report Code : TIPRE00026916 | Region : Global | Industry : Electronics and Semiconductor | Published Date : 25/Nov/2022
Elevator Safety System Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Control System, Maintenance System, and Communication System) and Application (Residential and Non-Residential)

The elevator safety system market size is expected to reach US$ 22,881.75 million by 2028; it is estimated to grow at a CAGR of 9.8% from 2022 to 2028.

Elevators and subsystems are crucial equipment in multistoried buildings and high rises. Elevator safety systems are important for ensuring the safety of the people traveling in elevators. Elevator manufacturers are required to abide by several regulations and codes, as do elevator safety device manufacturers. The stringency of such regulations and codes has also increased with the rising number of elevator installations and elevator users. Elevator safety systems include different types of switches, buffers, governors, alarms, communication systems, and sensors. With growing safety concerns, the number of sensors incorporated in an elevator is rising. Moreover, these systems are being integrated with big data, artificial intelligence (AI), and machine learning (ML) for further upgrades in the performance of safety systems and elevators.

APAC is expected to register the highest CAGR in the elevator safety system market during the forecast period. Owing to the rapidly flourishing construction industry, the number of elevators installed is rising rapidly, along with the demand for elevator safety systems. Various government policies focus on improving control, maintenance, and communication systems incorporated in elevators to lower the possibility of accidents, which is favoring the elevator safety system market growth in APAC. A rise in the aging population in economies such as China and Japan also contribute to the high demand for elevators, which further promotes the demand for elevator safety systems. Moreover, the presence of key manufacturers of elevator and elevator safety systems, along with strategic alliances among stakeholders in the elevator safety system market, is encouraging competitiveness in the market in APAC.

The Pacific Asia Lift and Escalator Association (PALEA) provides a neutral forum for all lift/elevator and escalator organizations operating in the Asia Pacific region and covers twenty-four Asia Pacific countries in the region, thereby driving the elevator safety system market player’s businesses in the region.

Impact of COVID-19 Pandemic on APAC Elevator Safety System Market

APAC was severely impacted by the COVID-19 pandemic, with many Asian countries experiencing a drop in national GDPs, international trades, and economies. The pandemic disrupted supply chain activities across the region. The APAC elevator safety system market growth was hampered during the first three quarters of 2020, leading to a massive decline in the revenue of key players. The adverse conditions also led to the discontinuation of construction activities in most countries in APAC due to travel restrictions, employee shortages, and elevated material prices. As the demand for elevators declined in 2020, most key players witnessed significant revenue loss. However, the spread of COVID-19 was well contained in China, allowing the country to continue with the production and supply of elevator systems. Thus, the elevator safety system market in China sustained well despite the crisis.

In 2021, construction activities resumed after revoking the lockdown and implementing successful vaccination drives. Hence, the demand for elevators and elevator safety systems is anticipated to rise in the countries such as China, India, Japan, Australia, South Korea, and Taiwan in the coming years.

Introducing elevator safety systems has led to the development of various government policies to improve control, maintenance, and communication systems, along with overcoming concerns regarding accidents. The Pacific Asia Lift and Escalator Association (PALEA) provides a neutral forum for all lift/elevator and escalator organizations operating in Asia Pacific. In addition, this agency has become an 'A' member of the International Organization for Standardization (ISO), and it is being represented on several working groups associated with the ISO/TC178 technical committee. This association was formed to serve the needs of the lift (elevator) and escalator industry, and it now keeps an eye on 24 countries in Asia Pacific.

China is the dominating country with largest market share in 2021. There is an increased construction, especially of high-rise buildings, and massive penetration of elevators in residential, commercial, and industrial areas, such as railway and metro stations, shopping malls, hotels, airports, high-rise apartments, and public buildings. Additionally, rapid urbanization and increased government initiatives in the construction sector, updated government standards for lift infrastructure, and substantial evolution of architecture are among the key factors boosting the elevator safety system market size in the country.

In Australia, players providing elevators and moving walks must adhere to strict Standards Association of Australia (SAA) safety code requirements. In addition, the association incorporated various safety features designed to encourage good ridership and prevent accidents in elevators installed. Building owners and maintenance service providers are responsible for implementing policies, processes, and guidelines to enable proper subcontractor operations of safety systems.

GAL Manufacturing Company, LLC; 2N Telekomunikace A.S; Chr. Mayr GmbH + Co. KG; Janus Elevators; TK Elevator; Oleo International; Otis Elevator Company; ECI America; Technic Electronic Corporation; and Flexco Industries, Inc. are among the elevator safety system market players existing in the market and profiled in the report study.

The overall elevator safety system market size has been derived using both primary and secondary sources. To begin the market analysis process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative market information. The process also serves the purpose of obtaining an overview and market forecast of the elevator safety system market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the elevator safety system market.

The List of Companies - Elevator Safety System Market

• GAL Manufacturing Company, LLC

• 2N Telekomunikace A.S

• Chr. Mayr GmbH + Co. KG

• Janus Elevators

• TK Elevator

• Oleo International

• Otis Elevator Company

• Electronic Controls Inc.

• Technic Electronic Corporation

• Flexco Industries, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Elevator Safety System Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Elevator Safety System Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increased Use of Elevators with Rapid Urbanization

5.1.2 Stringent Regulations and Standards on Elevator Safety

5.2 Market Restraints

5.2.1 Complexities in Integration of Modern Elevator Safety Systems with Legacy Systems

5.3 Market Opportunities

5.3.1 Renovation of Old Buildings and Elevators

5.4 Future Trends

5.4.1 Integration of Big Data, Artificial Intelligence, and Machine Learning for Real-Time Monitoring and Predictive Maintenance

5.5 Impact Analysis of Drivers and Restraints

6. Elevator Safety System Market – Global Market Analysis

6.1 Global Elevator Safety System Market Overview

6.2 Global Elevator Safety System Market Revenue Forecast and Analysis

6.3 Competitive Benchmarking

6.3.1 Competitive Benchmarking

6.4 Growth Matrix

6.5 Market Positioning – Five Key Players

7. Elevator Safety System Market – By Type

7.1 Overview

7.2 Elevator Safety System Market, by Type (2021 and 2028)

7.3 Control System

7.3.1 Overview

7.3.2 Control System: Elevator Safety System Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Maintenance System

7.4.1 Overview

7.4.2 Maintenance System: Elevator Safety System Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Communication System

7.5.1 Overview

7.5.2 Communication System: Elevator Safety System Market – Revenue and Forecast to 2028 (US$ Million)

8. Elevator Safety System Market Analysis – by Application

8.1 Overview

8.2 Elevator Safety System Market, by Application (2021 and 2028)

8.3 Residential

8.3.1 Overview

8.3.2 Residential: Elevator Safety System Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Non-residential

8.4.1 Overview

8.4.2 Non-residential: Elevator Safety System Market – Revenue and Forecast to 2028 (US$ Million)

9. Elevator Safety System Market – Geographic Analysis

9.1 Overview

9.2 North America: Elevator Safety System Market

9.2.1 Overview

9.2.2 North America Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.2.3 North America Elevator Safety System Market Breakdown, By Type

9.2.4 North America Elevator Safety System Market Breakdown, By Application

9.2.5 North America Elevator Safety System Market Breakdown, by Country

9.2.5.1 US Elevator Safety System Market - Revenue and Forecast to 2028

9.2.5.1.1 US Elevator Safety System Market Breakdown, By Type

9.2.5.1.2 US Elevator Safety System Market Breakdown, By Application

9.2.5.2 Canada Elevator Safety System Market - Revenue and Forecast to 2028

9.2.5.2.1 Canada Elevator Safety System Market Breakdown, By Type

9.2.5.2.2 Canada Elevator Safety System Market Breakdown, By Application

9.2.5.3 Mexico Elevator Safety System Market - Revenue and Forecast to 2028

9.2.5.3.1 Mexico Elevator Safety System Market Breakdown, By Type

9.2.5.3.2 Mexico Elevator Safety System Market Breakdown, By Application

9.3 Europe: Elevator Safety System Market

9.3.1 Overview

9.3.2 Europe Elevator Safety System Market Revenue and Forecast to 2028 (US$ Million)

9.3.3 Europe Elevator Safety System Market Breakdown, By Type

9.3.4 Europe Elevator Safety System Market Breakdown, By Application

9.3.5 Europe Elevator Safety System Market Breakdown, by Country

9.3.5.1 Germany Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.1.1 Germany Elevator Safety System Market Breakdown, By Type

9.3.5.1.2 Germany Elevator Safety System Market Breakdown, By Application

9.3.5.2 France Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.2.1 France Elevator Safety System Market Breakdown, By Type

9.3.5.2.2 France Elevator Safety System Market Breakdown, By Application

9.3.5.3 Italy Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.3.1 Italy Elevator Safety System Market Breakdown, By Type

9.3.5.3.2 Italy Elevator Safety System Market Breakdown, By Application

9.3.5.4 UK Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.4.1 UK Elevator Safety System Market Breakdown, By Type

9.3.5.4.2 UK Elevator Safety System Market Breakdown, By Application

9.3.5.5 Russia Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.5.1 Russia Elevator Safety System Market Breakdown, By Type

9.3.5.5.2 Russia Elevator Safety System Market Breakdown, By Application

9.3.5.6 Rest of Europe Elevator Safety System Market - Revenue and Forecast to 2028

9.3.5.6.1 Rest of Europe Elevator Safety System Market Breakdown, By Type

9.3.5.6.2 Rest of Europe Elevator Safety System Market Breakdown, By Application

9.4 APAC: Elevator Safety System Market

9.4.1 Overview

9.4.2 APAC Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.3 APAC Elevator Safety System Market Breakdown, By Type

9.4.4 APAC Elevator Safety System Market Breakdown, By Application

9.4.5 APAC Elevator Safety System Market Breakdown, by Country

9.4.5.1 Australia Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.1.1 Australia Elevator Safety System Market Breakdown, By Type

9.4.5.1.2 Australia Elevator Safety System Market Breakdown, By Application

9.4.5.2 China Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.2.1 China Elevator Safety System Market Breakdown, By Type

9.4.5.2.2 China Elevator Safety System Market Breakdown, By Application

9.4.5.3 India Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.3.1 India Elevator Safety System Market Breakdown, By Type

9.4.5.3.2 India Elevator Safety System Market Breakdown, By Application

9.4.5.4 Japan Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.4.1 Japan Elevator Safety System Market Breakdown, By Type

9.4.5.4.2 Japan Elevator Safety System Market Breakdown, By Application

9.4.5.5 South Korea Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.5.1 South Korea Elevator Safety System Market Breakdown, By Type

9.4.5.5.2 South Korea Elevator Safety System Market Breakdown, By Application

9.4.5.6 Rest of APAC Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.4.5.6.1 Rest of APAC Elevator Safety System Market Breakdown, By Type

9.4.5.6.2 Rest of APAC Elevator Safety System Market Breakdown, By Application

9.5 MEA: Elevator Safety System Market

9.5.1 Overview

9.5.2 MEA Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.5.3 MEA Elevator Safety System Market Breakdown, By Type

9.5.4 MEA Elevator Safety System Market Breakdown, By Application

9.5.5 MEA Elevator Safety System Market Breakdown, By Country

9.5.5.1 Saudi Arabia Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.5.5.1.1 Saudi Arabia Elevator Safety System Market Breakdown, By Type

9.5.5.1.2 Saudi Arabia Elevator Safety System Market Breakdown, By Application

9.5.5.2 UAE Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.5.5.2.1 UAE Elevator Safety System Market Breakdown, By Type

9.5.5.2.2 UAE Elevator Safety System Market Breakdown, By Application

9.5.5.3 South Africa Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.5.5.3.1 South Africa Elevator Safety System Market Breakdown, By Type

9.5.5.3.2 South Africa Elevator Safety System Market Breakdown, By Application

9.5.5.4 Rest of MEA Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.5.5.4.1 Rest of MEA Elevator Safety System Market Breakdown, By Type

9.5.5.4.2 Rest of MEA Elevator Safety System Market Breakdown, By Application

9.6 SAM: Elevator Safety System Market

9.6.1 Overview

9.6.2 SAM Elevator Safety System Market - Revenue and Forecast to 2028 (US$ Million)

9.6.3 SAM Elevator Safety System Market Breakdown, By Type

9.6.4 SAM Elevator Safety System Market Breakdown, By Application

9.6.5 SAM Elevator Safety System Market Breakdown, by Country

9.6.5.1 Brazil Elevator Safety System Market - Revenue and Forecast to 2028

9.6.5.1.1 Brazil Elevator Safety System Market Breakdown, By Type

9.6.5.1.2 Brazil Elevator Safety System Market Breakdown, By Application

9.6.5.2 Argentina Elevator Safety System Market - Revenue and Forecast to 2028

9.6.5.2.1 Argentina Elevator Safety System Market Breakdown, By Type

9.6.5.2.2 Argentina Elevator Safety System Market Breakdown, By Application

9.6.5.3 Rest of SAM Elevator Safety System Market - Revenue and Forecast to 2028

9.6.5.3.1 Rest of SAM Elevator Safety System Market Breakdown, By Type

9.6.5.3.2 Rest of SAM Elevator Safety System Market Breakdown, By Application

10. Elevator Safety System Market - COVID-19 Impact Analysis

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

10.6 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 GAL Manufacturing Co LLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 2N Telekomunikace AS

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 OLEO International Ltd

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Otis Elevator Co

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Janus Elevator Products Inc

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 TK Elevator GmbH

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Electronic Controls Inc

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Technic Electronic Corp

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Flexco Industries Inc

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Chr Mayr GmbH + Co KG

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Global Elevator Safety System Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 3. North America Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 4. US Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 5. US Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 6. Canada Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 7. Canada Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 8. Mexico Elevator Safety System Market Breakdown, By Type

Table 9. Mexico Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 10. Europe Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 11. Europe Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 12. Germany Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 13. Germany Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 14. France Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 15. France Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 16. Italy Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 17. Italy Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 18. UK Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 19. UK Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 20. Russia Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 21. Russia Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 22. Rest of Europe Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 23. Rest of Europe Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 24. APAC Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 25. APAC Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 26. Australia Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 27. Australia Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 28. China Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 29. China Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 30. India Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 31. India Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 32. Japan Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 33. Japan Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 34. South Korea Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 35. South Korea Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 36. Rest of APAC Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 37. Rest of APAC Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 38. MEA Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 39. MEA Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 40. Saudi Arabia Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 41. Saudi Arabia Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 42. UAE Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 43. UAE Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 44. South Africa Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 45. South Africa Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 46. Rest of MEA Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 47. Rest of MEA Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 48. SAM Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 49. SAM Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 50. Brazil Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 51. Brazil Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 52. Argentina Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 53. Argentina Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 54. Rest of SAM Elevator Safety System Market - Revenue and Forecast to 2028 – By Type (US$ Million)

Table 55. Rest of SAM Elevator Safety System Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 56. List of Abbreviation

The List of Companies - Elevator Safety System Market

• GAL Manufacturing Company, LLC

• 2N Telekomunikace A.S

• Chr. Mayr GmbH + Co. KG

• Janus Elevators

• TK Elevator

• Oleo International

• Otis Elevator Company

• Electronic Controls Inc.

• Technic Electronic Corporation

• Flexco Industries, Inc.

Reason To Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global elevator safety system market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global elevator safety system market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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