The global elevator & escalator (E&E) market is anticipated to reach US$142.2 billion in 2024, experiencing growth at a CAGR of 7% during the period spanning 2020-2024. The growth in the elevator & escalator market is driven by various factors such as increasing urbanization, surging aged population, rising construction expenditure and increasing gross domestic product. The market i ..
Elevator is a type of vertical transport equipment that efficiently moves people or goods between floors or levels of a building, vessel or any other structure. There are basically three types of elevators; pneumatic eleva ..