The global elevator & escalator (E&E) market is likely to escalate to US$148.94 billion in 2026, progressing at a CAGR of 5.65% during the period spanning from 2022 to 2026. The factors such as proliferation of construction activities, surging geriatric population, booming digitalization, ageing installed base of elevators and escalators and expanding urbanization would drive the growth ..
The global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025. The factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market. However, ..
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 ..