Elevator and Escalator Market Size To Reach US$ 239.7 Billion, Globally by 2032 | CAGR of 4.89%
IMARC Group, a leading market research company, has recently releases report titled “Elevator and Escalator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The global elevator and escalator market size reached US$ 154.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 239.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2024-2032. The rise in construction activities, growing investment in infrastructure development, particularly in developing countries, the increasing emphasis on energy-efficiency and sustainability, the adaptation of smart technology into elevators and escalators, and the growing geriatric population represent some of the factors that are propelling the market. Request For Sample Copy of Report: https://www.imarcgroup.com/elevator-escalator-market/requestsample Factors Affecting the Growth of the Elevator and Escalator Industry: Urbanization and High-Rise Construction: The expan