Elevators Market: Insights into the Competitive Scenario of the Market 2018 - 2026
According to a new market report published by Transparency Market Research (titled “Elevator Market ( Deck Type –Single Deck and Double Deck; Destination Control – Smart and Conventional; Building Height – Low Rise, Mid Rise, High Rise; End-use – Residential, Commercial, Mix Block; Speed – Less than 1m/s, Between 1 to 3 m/s, Between 4 to 6 m/s, Between 7 to 10 m/s, Above 10m/s; Application – Passengers, Freight) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global elevator market was valued at US$ 59.26 Bn in 2017 and is expected to reach US$ 151.26 Bn in terms of revenue by 2026, expanding at a CAGR of 11.1% from 2018 to 2026. In terms of volume, the market stood at around 773.8 Thousand Units in 2017. Asia Pacific is projected to show the fastest growth rate during the forecast period due to the increase in number of high rise buildings and rapid urbanization. The increasing demand for skyscrapers in the cities of ...