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 between 20 to 25 y