18,100 elevators & escalators in 2019 in France
Technavio’s ‘Elevator And Escalator Market In France 2015-2019’ report projects the elevator and escalator market in France to post more than 4% CAGR and clock close to 18,100 units by 2019. Techanvio’s analysts say this market in France had an installed base of 558,400 units as of 2014, which is one of the largest installed bases in Europe. Recovery of the French construction market will ensure its steady growth during the analysis period. Additionally, growing focus on revamping the country’s existing infrastructure and high demand for replacement and modernization will bolster market growth. Further, the French government’s initiatives to increase private investment in the country will accelerate the expansion of not just its office and residential constructions, but also its elevator market through 2019.