Electric Elevator and Escalator Market
Electric Elevator and Escalator Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Electric Elevator and Escalator Market Size and Growth
The global electric elevator and escalator market is projected to experience significant growth in the coming years, driven by increasing urbanization and construction activities. The market size is expected to reach USD 110 billion by 2025. This growth is primarily due to the rising demand for efficient vertical transportation solutions in commercial and residential buildings.
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Companies Covered
(Covid 19 Impact Covered)
◍ Schindler
◍ ThyssenKrupp
◍ Mitsubishi
◍ Kone Elevator
◍ Fujitec
◍ Omega
◍ Hitachi
◍ Hyundai
◍ Otis
◍ Bharat Bijlee
◍ Yungtay Engineering
◍ Zhejiang Meilun Elevator
◍ Volkslift
◍ Suzhou Diao
◍ Canny Elevator
◍ Ningbo Xinda Group
◍ Dongnan Elevator
The competitive landscape of the electric elevator and escalator market is dominated by companies such as Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Hitachi, Otis, and others. These companies utilize advanced technology and innovative designs to enhance user experience and contribute to the growth of the market.
◍ SJEC
- Schindler: $11.9 billion
- ThyssenKrupp: $33.2 billion
- Mitsubishi: $40.5 billion
- Kone Elevator: $10.44 billion
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Market Segmentation
By Application
Residential Buildings
Commercial Buildings
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By Product
Market Growth
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$ X Billion USD
