Global Elevator & Escalator Market 2021-2025 - Smart Cities / Tourism Activities / Novel Technologies / Energy Efficient Elevators / Verticalization of Cities
Share: ResearchAndMarkets.com's offering. The global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025. The factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market. However, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms. A few notable trends may include acc...
Source: benzinga.com