Elevators & Escalators Market
The Elevators & Escalators market encompasses the new installation, maintenance, and modernization of vertical and horizontal transit systems, including elevators, escalators, and moving walkways. Key customers include developers and operators in the residential, commercial, institutional, and infrastructure sectors. The market's growth is primarily driven by accelerating global urbanization, increased construction of commercial properties and public transit facilities like metro systems and airports.
CAGR
3.1%
Compound Annual Growth Rate
Current Value
$103.3B
Estimated 2026
Projected Value
$131.8B
By 2034
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