Elevators and Escalators Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2024 January 12
SKU : ICT1851
180 pages
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How big is the global elevators and escalators market?
The global elevators and escalators market is expected to reach USD 140.6 billion by 2030, growing at a CAGR of 6.6% during the forecast period.
What are the key drivers of market growth?
Rising urbanization, adoption of smart technologies in elevators, and increasing investments in the commercial sector are major growth drivers.
Which region is expected to be the fastest-growing?
The Asia-Pacific region is expected to be the fastest-growing, driven by rapid urbanization and government regulations for vertical transportation systems.
Who are the major players in the elevators and escalators market?
The major players include Otis, KONE, Schindler, Hitachi, Mitsubishi, Canny Elevators, Fujitec, Hyundai, Johnson Lifts, and Kleenmann Group.