Germany smart elevators market is estimated to grow considerably, at a CAGR of 14.2% during the forecast period. Germany is estimated to contribute significantly in the European market over the forecast period owing to significant growth in the building & construction industry across the country. The urbanization rate in the country is showing a flat growth in some years. In Germany, the housing market is facing strong demand fueled by rising incomes, low-interest rates as well as high levels of net migration. It is estimated that 3.6 million migrants will have arrived in Germany by 2020. There is housing demand for at least 350,000 new dwellings per year. Low-interest rates coupled with rising disposable incomes have contributed to increased property prices, in particular in big cities, making it more difficult for middle-class households to afford to house. To overcome some of the pressure in the housing market, the Government of Germany had introduced the Housing Construction Campaign, namely a comprehensive package of measures aimed at tackling housing shortages and rising house prices.
Request a Free Sample of our Germany Smart Elevators Market: https://www.omrglobal.com/request-sample/germany-smart-elevators-market
ThyssenKrupp Elevator is one of the major German companies operating globally in the smart elevator market. In May 2019, the company acquired the Elevator division of Nashville Machine Co. to expand its product portfolio in North America. Earlier to this, Nashville Machine Co. was the distributor of the company in the Middle Tennessee area and was working with a strength of 130 employees. In July 2017 the company also introduced a ropeless lift and sideways-moving elevator system as ‘MULTI’. In Rottweil, the company has a test tower for elevators, where ‘MULTI’ was first operated.
A full Report of Germany Smart Elevators Market is Available at: https://www.omrglobal.com/industry-reports/germany-smart-elevators-market
Germany Smart Elevators Market Segmentation
• Bosch Security Solutions GmbH
• Fujitec Co., Ltd.
• Hitachi Ltd.
• Honeywell International Inc.
• Hyundai Elevator Co. Ltd.
• Johnson Controls Inc.
• Kleemann Hellas SA
• KONE Corp.
• Mitsubishi Electric Corp.
• OTIS Elevator Corp. (A United Technologies Co.)
• Schindler Holding AG
• ThyssenKrupp Elevator AG
• Toshiba Elevators and Building Systems Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/germany-smart-elevators-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit Orion Market Research
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +1 646-755-7667, +91 7803040404