Global Traction Elevators Market to Reach USD 69.57 Billion by 2030, Growing at a CAGR of 6.9%
A) Market Size: The traction elevators market was valued at USD 43.61 billion in 2023 and is projected to grow at a robust CAGR of 6.9%. This growth trajectory will see the market reach an estimated USD 69.57 billion by 2030, driven by advancements in technology, urbanization, and a growing demand for smart and efficient building solutions worldwide.
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