NEW YORK , July 23, 2024 /PRNewswire/ -- The global elevator and escalator market size is estimated to grow by USD 76.7 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.
13% during the forecast period. Increasing demand for smart elevators is driving market growth, with a trend towards elevator maintenance using iot platforms. However, reluctance to modernize elevators and reduce their energy use poses a challenge.
Key market players include Braun Elevator, Brobeil Aufzuge GmbH and Co.KG, ESCON Elevators Pvt. Ltd.
, Fuji Electric Co. Ltd., Fuji Elevators Co.
, Fujitec Co. Ltd., HIRO LIFT Hillenkotter and Ronsieck GmbH, Hitachi Ltd.
, Hyundai Elevator Co. Ltd., Kohler Co.
, KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp.
, Savaria Corp., SCHAEFER GmbH, Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp.
, Weidmuller Interface GmbH and Co. KG, and WITTUR HOLDING GmbH. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Product (Elevators and Escalators), Application (Commercial, Residential, and Industrial), and Geography (APAC, Europe, Middle East and Africa, North America, and South America) Region Covered APAC, Europe, Middle East and Africa, North America, and South America Key companies profiled Braun Elevator, Brobeil Aufzuge GmbH and Co.
KG, ESCON Elevato.