Elevator Market was valued at USD 82.8 billion in 2021 and is expected to grow at a CAGR of 7% between 2022 and 2028. Increased demand in the residential as well as construction sectors is the main factor driving the growth of the market. Increased government-supported regulation fuels market growth. For example, the Indian government has announced numerous important policy initiatives such as the Real Estate Act the 2016 revision of the Benami Trading Act,100% deductions from revenue from affordable housing construction changes, arbitration norms for building companies and many others.
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Top Major Key Players Industries
KONE Corporation (Finland),
Sigma Elevator Company (Korea),
Otis Elevator Company (U.S.),
United Technologies (U.S.),
Schindler (Switzerland),
Mitsubishi Electric Corporation (Japan),
ThyssenKrupp AG (Germany),
FUJITEC (Japan),
Hitachi Ltd. (Japan),
Hyundai Elevator Co., Ltd. (South Korea),
Toshiba Elevator And Building Systems Corporation (Japan),
Stein Ltd (Russia),
PAPPAS Elevators (Russia),
Gulf Elevator & Escalator Co. Ltd. (Saudi Arabia)
Electra Ltd. (Israel).
by Type
AC Elevator Drives
DC Elevator Drives
by Application
Commercial
Residential
Others
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Scope of the Report
The research study analyzes the global Elevator industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Elevator Market Report
What was the Elevator Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Elevator Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Elevator Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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