The Key Players in Elevators and Escalators Market in Australia 2015-2019

Monday 7 September 2015, Amsterdam

The report recognizes the following companies as the key players in the Elevators and Escalators Market in Australia: Kone Australia, Otis Australia, Schindler Australia and, ThyssenKrupp Australia

Other Prominent Vendors in the market are: Access Elevators, Eastern Elevators, Sito Elevators and Southern Lifts

Commenting on the report, an analyst said: “As machine room-less (MRL) elevators have minimal mechanical parts, power consumption and maintenance costs are reduced. The roller-shoe suspension used here replaces the gear system and enables the smooth ride and landing of an elevator. Top vendors such as ThyssenKrupp are installing a permanent magnet synchronous gearless drive unit inside the shaft that eliminates the need for a geared operating system. Also, these elevators are easy to install. MRL elevators are economical and efficient, which means increased adoption and resultant market growth during the forecast period.”

According to the report, since the 2008 financial crisis, the government of Australia has been making efforts to support the recovery of the MNR sector, which has a direct impact on the country’s economy as minerals are used in trade. With this sector stabilizing by 2012, the government shifted its focus to the construction sector. In 2014, $15 billion was allocated to infrastructure development, which included multistoried residential and commercial buildings. This will propel the growth of the elevators and escalators market during the forecast period.

Further, the report states that Australian standard lift codes for every project and this is hindering the manufacture of customized elevators, and therefore affecting the elevator and escalator market in Australia adversely.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.