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/PRNewswire/ The elevator and escalator market size in India is forecast to increase by USD 784.24 million from 2022 to 2027, at a CAGR of 8.9%, according. ....
8 Elevator Market is expected to rise from its initial estimated value of USD 62.71 billion in 2018 to a projected value of USD 150.68 billion by 2026, registering a CAGR of 11.58% in the forecast period of 2019-2026. This rise in market value can be attributed to the demand and enhancement in capabilities of carrying larger loads of passengers and freights through the elevators. Elevator market research report identifies the latest developments, market shares, and strategies employed by the major market players. Besides, this market study affirms the leading players worldwide in the market. Their key marketing strategies and advertising techniques have been highlighted to offer a clear understanding of the market. The report assists clients to strategize business policies and accomplish sustainable growth in their respective market domain. It covers the market size and forecast of the market, the inhibiting factors and impact of COVID-19 shaping the market during the fo ....
Global Elevator Market to hit $95 Bn by 2027; Global Market Insights, Inc. Some of the major players in elevator market participants are Schindler, Thyssenkrupp AG, Kone Corporation, Hitachi, OTIS Elevator, Hyundai, KLEEMAN, Toshiba, Orona, Eita, Fujitec, Mitsubishi Electric Corporation, Express Lifts Limited, Escon Elevator Private Limited and Glaire Elevator. Selbyville, Delaware, Feb. 16, 2021 (GLOBE NEWSWIRE) Global Market Insights, Inc. has recently added a new report on the elevator market which estimates the market valuation for elevator will cross US$ 95 billion by 2027. Luxury homeowners emphasizing on enhanced interior designs and aesthetics will propel equipment usage. The elevator market will exceed at 2.5% throughout the study period. However, the product will face stringent challenges owing to high costs of installation & maintenance, which will slow down the overall industry development. The average lifecycle of residential products can vary ....