Elevator Market to Receive Overwhelming Hike in Revenues By 2026 By Transparency Market Research Published January 6, 2022
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 Paci몭c 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 Asia Paci몭c is helping to boost the high rise elevator market in the region. Factors such as increasing aging population and demand for accessible housing and infrastructure are contributing to the growth of the elevator market. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=14837 By deck type, single deck elevator has the highest growth opportunities as it is cost effective and ideal for moderate tra몭c. Double deck elevator consists of two