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Global Elevator And Escalator Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation
Elevator And Escalator Global Market
The Business Research Company's Elevator And Escalator Global Market Report 2023 identifies the increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward. Infrastructure refers to the construction of real assets such as bridges, roads, and buildings. With the increasing heights of buildings, the requirement for elevators and escalators has also increased, in order to save time and provide effectiveness for people.
The global elevator and escalator market size grew from $101.78 billion in 2022 to $111.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The elevator and escalator market size is expected to grow to $146.67 billion in 2027 at a CAGR of 7.2%.
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Major players in the elevator and escalator market are Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation., Yuanda China Hldgs, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan Elevator, Guangri Elevator, Canny Elevator, Volkslift, and Syney Elevator.
A key trend in the Elevator And Escalator market includes the Product innovations are a key trend gaining popularity in the elevator and escalator market. Major companies operating in the elevator and escalator sector are focused on developing ground-breaking digitally connected technology to sustain their position in the market.
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The Elevator And Escalator market is segmented -
1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Elevator And Escalator market.
The Business Research Company's "Global Elevator And Escalator Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Elevator And Escalator Market Include:
1. Executive Summary
2. Elevator And Escalator Market Characteristics
3. Elevator And Escalator Market Trends And Strategies
4. Elevator And Escalator Market - Macro Economic Scenario
5. Elevator And Escalator Market Size And Growth
……
27. Elevator And Escalator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Elevator And Escalator Market
29. Elevator And Escalator Market Future Outlook and Potential Analysis
30. Appendix
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