Stay updated with breaking news from Energy Efficient Elevators. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Elevator and escalator industry trends: As cities continue to become the centrifugal force for progress and urbanization, the need to accommodate huge population has led to the growth of high-rise buildings, mid-rise buildings, and advanced infrastructure. This bodes well for the elevator and escalator industry as they offer solution to facilitate the vertical movement of
/PRNewswire/ -- The "Global Elevator & Escalator Market (by Service, Technology, Application & Region): Insights & Forecast with Potential Impact of COVID-19...
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...