Global Traction Elevators Market to Reach USD 69.57 Billion by 2030 with a CAGR of 6.9%
Summary:
The global traction elevators market, valued at USD 43.61 billion in 2023, is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.9%, reaching USD 69.57 billion by 2030. The market is driven by advancements in technology, increased construction activities, and growing demand from residential and commercial sectors.
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