The global Elevators and Escalators market size is expected to reach $116.15 Billion by 2028 growing at the CAGR of 6.39% from 2021 to 2028. The key factor driving the growth of the global elevators and escalators market is the growing number of commercial buildings globally, consisting of hotels, office buildings, shopping malls, and airports. The increasing number of residential buildings is also driving the growth of the global elevators and escalators market.
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Impact Of COVID-19 on the Elevators and Escalators Market:
- Impact on Market Size
- End-User Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact
- Opportunity Window
Global Elevators and Escalators Market Segments:
The global Elevators and Escalators Market is further segmented into type, service, end-use industry
By Type: Elevator, Escalator, Moving walkways, Others
By Service: New installation, Maintenance & Repair, Modernization, Others
By End-use Industry: Residential, Commercial, Institutional, Infrastructure, Others
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
North America holds the largest share in the market owing to the growing number of commercial buildings globally.
Key Players of Global Elevators and Escalators Market:
- KONE Corporation
- United Technologies
- Mitsubishi Electric Corporation
- ThyssenKrupp AG
- Hyundai Elevator Co., Ltd.
- Toshiba Corporation
- Hitachi Ltd.
- Electra Ltd.
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Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Elevators and Escalators Market
- Value Chain Analysis of Global Elevators and Escalators Market
- What is the CAGR of the global Elevators and Escalators Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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