1 / 8

Elevators Market Size, Insights on Scope and Growing Demands 2030

Elevators Market was valued at USD 96.81 Bn in 2023 and is expected to reach USD 151.43 Bn by 2030, at a CAGR of 6.6 % during the forecast period.<br>

kadambarimmr
Download Presentation

Elevators Market Size, Insights on Scope and Growing Demands 2030

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ELEVATORS MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

  2. Market Size & Overview: The global elevators market was valued at USD 96.81 billion in 2023 and is projected to reach USD 151.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period. Elevators, also known as lifts, are essential vertical transportation devices used to move people or goods between different floors within buildings. They are integral to modern infrastructure, especially in high-rise structures, enhancing accessibility and efficiency in residential, commercial,and industrialsettings.

  3. Market Growth & Opportunities The elevators market is experiencing significant growth driven by rapid urbanization and the increasing construction of high-rise buildings worldwide. Technological advancements, including the integration of IoT, AI, and smart sensors, are revolutionizing the industry by improving efficiency, safety, and user experience. Additionally, there is a growing emphasis on energy-efficient and eco-friendly elevator solutions, aligning with global sustainability initiatives and offering new opportunities for market expansion. Sample Request

  4. Market Segmentation by Type by Application ❖Residentialelevator ❖Residential ❖Freight elevator ❖Commercial ❖Passenger elevator ❖Industrial by Deck Type ❖SingleDeck ❖Double Deck

  5. Regional Analysis: ➢North America: The region demonstrates steady growth in the elevators market, supported by ongoing urban development and the modernization of existing infrastructure. The adoption of advanced technologies and stringent safety regulations further contribute to market expansion. ➢Europe: Europe holds a significant market share, driven by policies promoting accessibility and the renovation of older buildings to meet modern standards. For instance, regulations often require new structures to include at least one wheelchair- accessible lift, boosting demand in the region. ➢Asia-Pacific (APAC): APAC is expected to register substantial growth due to rapid urbanization and booming construction activities in countries like China, India, and South Korea. The increasing number of high-rise buildings and government initiatives supporting infrastructure development are key factors propelling the market in this region.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition 1. Otis Elevator Company acquired Bay State Elevator to expand its service and maintenancenetwork in North America. 2. Schindler Group acquired FB Gruas to strengthen its market position in South America and enhance its offerings. 3. Thyssenkrupp Elevator was acquired by Advent International, Cinven, and RAG Foundation in a major industry move to focus on independent elevator solutions. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

More Related