The report titled “Italy Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) – Outlook to 2022” provides a comprehensive analysis of elevators and escalators market in Italy. The report covers Italy elevators and escalators market size, market segmentations by new equipment installation & maintenance & modernization, by elevator (by end usage (passenger elevator market and material handling market), by type of machinery (traction (gear & gearless) & hydraulic (conventional hydraulic
The growth in the elevator and escalator industry of Italy can be attributed to the demand of new installation from the residential real estate market and maintenance and modernization of the already existing equipments.
Italy’s economy suffered a major setback during the global financial crises. However, the country has been back on the path of growth since 2014. There has been positive growth in the GDP and new investments are being done into various projects across the country. Owing to the changes in economic and institutional policies by the government there has been a revival of the real estate sector. The country is gradually becoming an important market for foreign investors. Italy is one of the largest markets for elevators and escalators in Europe. The elevator and escalator industry has flourished on the back of the residential real estate marke