Global Traction Elevators Market to Reach USD 69.57 Billion by 2030, Growing at a 6.9% CAGR
Traction Elevators Market Set to Reach USD 69.57 Billion by 2030, Growing at a 6.9% CAGR Summary The global traction elevators market, valued at USD 43.61 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 6.9% and reach USD 69.57 billion by 2030. The market is driven by technological advancements, increased urbanization, and rising demand for energy-efficient elevators. A detailed analysis covering market segmentation, competitive landscape, and key growth drivers is provided in this report.
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