Elevator and Escalator Market Trends: Vital Manufacturers Plan and Growth Forecast by 2030
The elevator and escalator market is really booming, thanks to some interesting developments. In 2022, it was valued at a whopping US$83.88 billion, and is now being talked about to reach a whopping $142.54 billion by 2030. A constant growth rate of 6.9% per annum is being talked about from 2023 to 2030. Real demand seems exist for these systems , and companies are really pushing the boundaries with their new products and technologies. There is palpable excitement within the industry for what lies ahead for the elevator and staircase market.