Global Elevators & Escalators Markets Report 2021-2022 & 2026 Featuring Major Manufacturers - Schindler, Otis Elevator, Thyssenkrupp AG, KONE, and Hitachi Ltd - ResearchAndMarkets.com
The global elevators and escalators market is projected to grow from USD 134.4 billion in 2021 to USD 183.2 billion by 2026, at a CAGR of 6.4% from 2021 to 2026.
- The global elevators and escalators market is projected to grow from USD 134.4 billion in 2021 to USD 183.2 billion by 2026, at a CAGR of 6.4% from 2021 to 2026.
- Machine-room-less traction elevator, by elevator technology, accounted for the largest market share in the elevators and escalators market.
- Many countries in the region took steps to implement low-carbon and IoT-based smart cities in recent years, thereby offering opportunities for the growth of the elevators & escalators market.
- The market comprises of major manufacturers, such as Schindler Group (Switzerland), Otis Elevator (US), Thyssenkrupp AG (Germany), KONE Corporation (Finland), and Hitachi Ltd. (Japan), among others.