Global Elevator and Escalator Market 2020-2024: COVID-19 Business Continuity Plan | Evolving Opportunities with Fuji Electric Co. Ltd. and Hitachi Ltd.| Technavio
The global elevator and escalator market size is expected to grow by 138.41 thousand units as per Technavio.
- The global elevator and escalator market size is expected to grow by 138.41 thousand units as per Technavio.
- However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%.
- In addition, the adoption of IoT enables real-time monitoring, which is anticipated to boost the growth of the Elevator and Escalator Market.
- The rapidly growing popularity of smart elevators is expected to be a key growth factor for the global elevator and escalator market.