Global Traction Elevators Market Set to Reach USD 69.57 Billion by 2030, Growing at a CAGR of 6.9%

Global Traction Elevators Market to Reach USD 69.57 Billion by 2030, Growing at a CAGR of 6.9%

Global Traction Elevators Market Projected to Grow at 6.9% CAGR, Reaching USD 69.57 Billion by 2030

Summary:

The global traction elevators market, valued at USD 43.61 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 6.9%, reaching an estimated USD 69.57 billion by 2030. This market is driven by technological advancements, urbanization, and increasing demand for efficient vertical transportation solutions. The market report provides an in-depth analysis of market trends, growth drivers, opportunities, and challenges, with insights into the competitive landscape, key market players, and regional trends.
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