Elevator And Escalator Market Future Prospects and Forecast To 2028
The global elevator and escalator market size was valued at USD 78.60 billion in 2021 and is poised to grow with a CAGR of 6.2% over 2022-2028. The efficiency of elevators and escalators in vertical transportation is the primary goal of their utilisation. An elevator is a closed cabin powered by electric motors that lift a cylindrical piston by driving traction cables, counterweight systems, or...
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