Elevator Market Trends Highlight Demand for Energy-Efficient Systems
The global elevator market is on a robust and sustained upward trajectory, projected to grow from US$ 76.29 billion in 2023 to US$ 129.13 billion by 2031, registering a compound annual growth rate (CAGR) of 6.8% during the 2023–2031 forecast period. According to a forthcoming research report by The Insight Partners, this impressive expansion is being driven by the rapid growth of the...