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The elevator and escalator market size is forecast to increase by USD 76.7 billion at a CAGR of 10.13% between 2023 and 2028. The market's expansion hinges on several factors, including the escalating demand for smart elevators, rise in construction activities worldwide, and substantial investments pouring into smart cities. Smart elevators, equipped with advanced technology and features, are witnessing a rising preference due to their efficiency and convenience. With the global construction sector experiencing significant growth, particularly in urban areas, the demand for smart elevators is expected to grow. Moreover, as cities strive to enhance their infrastructure and services through smart city projects, the integration of intelligent elevator systems becomes imperative. These trends collectively contribute to the growth trajectory of the smart elevator market, driving innovation and transformation in the vertical transportation sector.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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