Albany, NY -- (SBWIRE) -- 03/28/2016 -- Elevators and escalators help move people and goods easily and efficiently within a building's premises. They 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. The elevator and escalator market in Australia to grow at a CAGR of 4.17%, in terms of newly installed units, over the period 2014-2019.

In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in Australia for the period 2015-2019. To calculate the market size, we considered revenue generated from the installation of new elevator and escalator units in the country during the forecast period.

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

Key customer segments
- Commercial customers
- Non-commercial customers

Key vendors
- Kone Australia
- Otis Australia
- Schindler Australia
- ThyssenKrupp Australia

Other prominent vendors
- Access Elevators
- Eastern Elevators
- Sito Elevators
- Southern Lifts

Market driver
- Recovery of construction sector
- For a full, detailed list, view our report

Market challenge
- Government restrictions
- For a full, detailed list, view our report

Market trend
- Increase in pre-fabricated construction
- For a full, detailed list, view our report

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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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