Report Highlights
Elevator and Escalator Market Size And Forecast
According to Verified Market Research, The Global Elevator and Escalator Market was valued at USD 119.97 billion in 2019 and is projected to reach USD 183.45 billion by 2027, growing at a CAGR of 5.88% from 2020 to 2027.
Global Elevator and Escalator Market Outlook
With the growth of the global construction market, construction companies around the globe are focusing on reducing their energy consumption levels and also planning to achieve green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED) for their projects. This increased focus on reducing overall energy consumption levels is aiding the growth of the elevators and escalators market.
Global Elevator and Escalator Market Competitive Landscape
The “Global Elevator and Escalator Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as Hitachi Ltd., United Technologies, Kone Corporation, Electra Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation and Toshiba Corporation.
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