Elevators & Escalators Market Industry Size & Share Upcoming Trends.pptx

Elevators & Escalators Market by Type (Elevators, Escalators, Moving walkways), Service (New installation, Maintenance & Repair), Elevator Technology (Traction, Machine- Room-Less, & Hydraulic), & End-use Industry and Region - Global Forecast to 2028

1. Elevators & Escalators Industry Upcoming Trends

2. The global elevators and escalators market is expected to be worth USD 207.4 billion by 2028, growing at a CAGR of 6.4% during the forecast period. CAGR OF 6.4% ELEVATORS AND ESCALATORS MARKET GLOBAL FORECAST TO 2028 (USD BN) 6.4 % 143.0 207.4 1 52.1

3. Rising demand for elevators and escalators from residential industry are key factors driving the market growth . Growth in the ELEVATORS AND ESCALATORS market in APAC is due to the high demand from the residential, commercial and other industrial sectors in China, India, Japan, and South Korea. The rising demand from emerging economies and the growing trend toward sustainability are creating growth opportunities for the elevators and escalators market. The Asia Pacific elevators and escalators market is expected to be worth USD 105.5 billion by 2028, growing at CAGR of 7.4% during the forecast period. The Asia Pacific market emerges as a lucrative sector for elevators and escalators, benefitting from robust industrial development and overall economic improvement. ATTRACTIVE OPPORTUNITIES IN THE ELEVATORS AND ESCALATORS MARKET ASIA PACIFIC

4. ASIA PACIFIC FACTORS DRIVING GROWTH IN Asia Pacific The elevators and escalators market in the Asia Pacific region is undergoing a dynamic transformation, marked by a confluence of technological advancements and demand for high rise buildings. Increasing urbanization, changing consumer lifestyles, and high disposable incomes are the key factors driving the market in Asia Pacific region. HIGHEST CAGR (2023–2028) CHINA FASTEST-GROWING MARKET IN THE REGION by END USE INDUSTRY 2023 (USD MILLION)

5. Ecosystem Component Manufacturers Elevators & Escalators Manufacturers End-users

6. BOTTOM-UP APPROACH Total size of Elevators and Escalators market Summation of Elevators and Escalators market of each type Consumption of Elevators and Escalators in different end-use industries

7. TOP-DOWN APPROACH Elevators and Escalators market (USD Million) Percentage splits for segments of Elevators and Escalators market Geographic split of Elevators and Escalators market Country-wise split of Elevators and Escalators market

8. How has the market shaped up? Historic trends, early adopters, regulation, tipping point etc. 2. What are the burning issues? How can they be addressed? 3. Which products/technologies will drive the growth? Why? Which existing technologies will get 4. Which regions will offer the most promising opportunities? 6. Who are the leading players in this market? What strategies are they adopting to stay ahead of competition? 7. How will the market shape up in next five years? competition? 5. Which applications/end-user segments are showing wider adoption of Web Performance Market? Key Questions Answered in Our Report

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