Market Overview The global market for electric elevators and escalators had a value of USD 84 billion in 2022, and it is projected to reach USD 154.43 billion by 2032. Throughout the forecast period, the market is anticipated to experience a rapid compound annual growth rate (CAGR) of 7%. This growth is primarily driven by factors such as increasing urbanization, a growing demand for efficient...
The estimated size of the Global Elevator and Escalator Market is projected to increase from USD 93.87 billion in 2019 to USD 141.32 billion in 2027, with a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2020 to 2027.
The market is expected to experience significant growth due to factors such as urbanization and the growing geriatric population. The electric...