Smart Elevators and Escalators Market (Type - Elevator (450 Kg - 1,150 Kg, 1,150kg-1,500kg, 1,500kg-2,000kg), Escalator (Moving Walkway Escalators, Moving Stairs)
The highly consolidated smart elevators and escalators market is dominated by few large companies operating amid intense competition in the race to increase their operational footprint across the globe. The four largest vendors in the market - Otis Elevator Company, Schindler Holdings Ltd., ThyssenKrupp AG, and Kone Corporation, accounted for a massive cumulative share of nearly 61% in 2015, and have bagged several major national and international projects in the past few years, states a recent TMR report. The largest...
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