Mid-rise Elevators Market
Mid-rise Elevators Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Mid-rise Elevators Market Size and Growth
The mid-rise elevators market is experiencing growth driven by urbanization and increasing building construction activities. The global market size is projected to reach approximately USD 4 billion by 2025, reflecting a compound annual growth rate (CAGR) of about 5%. Key factors include technological advancements and rising demand for energy-efficient solutions.
Companies Covered
(Covid 19 Impact Covered)
◍ Otis
◍ Schindler Group
◍ ThyssenKrupp
◍ Kone
◍ Mitsubishi Electric
◍ Toshiba
◍ Hitachi
◍ Fujitec
◍ Hyundai
◍ Yungtay Engineering
◍ Canny Elevator
◍ Volkslift
◍ Syney Elevator
◍ Sicher Elevator
◍ SJEC
◍ Guangri Elevator
◍ Hangzhou XiOlift
The Mid-rise Elevators Market is competitive, featuring companies like Otis, Schindler, and Kone, which innovate for efficiency and sustainability. Their diverse product offerings cater to urban demand, enhancing accessibility. Notable revenue includes Otis at $13 billion, ThyssenKrupp at $13.8 billion, and Mitsubishi Electric at $13.7 billion, driving market growth.
◍ Edunburgh Elevator
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Market Segmentation
By Application
Residential
Commercial
Industrial
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By Product
Freight Elevator
Passenger Elevator
Market Growth
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$ X Billion USD
