Traction Elevators
Market
Traction Elevators Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Traction Elevators Market Size and Growth
The Traction Elevators market is anticipated to grow steadily, driven by urbanization and infrastructure development. The global market size is projected to reach USD 10 billion by 2026, reflecting a CAGR of 5% due to increasing demand for efficient and sustainable vertical transportation solutions in residential and commercial sectors.
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Companies Covered
(Covid 19 Impact Covered)
◍ Schumacher
◍ Schindler
◍ Delaware Elevator
◍ Delta
◍ Kone
◍ Otis Elevator Company
◍ ESCON
◍ Thyssenkrupp
◍ Global Tardif
◍ AAlliance Lifts (AAL)
◍ Oscan Elevators
◍ Fujitec
◍ Garaventa
◍ Savaria
◍ Florlift of New Jersey
◍ MEI
◍ Mitsubishi
◍ Waupaca
The traction elevator market features key players like Otis, Kone, and Schindler, focusing on innovation and energy efficiency. Companies leverage technology to enhance performance, ensure safety, and reduce costs.
Sales revenues from selected companies:
- Otis: ~$13 billion
- Kone: ~$10 billion
- Schindler: ~$11 billion Request Sample Report
Market Segmentation
By Application
Residential
Commercial
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By Product
Geared Traction Elevators
Gearless Traction Elevators
Market Growth
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$ X Billion USD
