Escalator and Elevator Market Size, Industry Share and Growth Rate -2026
Rapid urbanization around the world is creating lucrative growth opportunities for the global elevators and escalators market finds Fortune Business Insights in their recent study. The study is titled ”Elevators and Escalators Market: Global Market Analysis Insights and Forecasts 2018 – 2025.” A major factor boosting this market is the advancement in the construction industry and changing demographic trends. Fortune Business Insights predicts the global construction industry to grow by 85% to reach a valuation of US$ 15.5 Tn by the end of 2030 out of which 57% of market value is shared by three countries namely India the U.S. and China. Thus boost in the construction industry is likely to bode well for the global Escalator and Elevator Market in the future. Among end-users, the commercial elevators segment is expected to dominate the global market. Top Players KONE Corporation Toshiba Schindler Holding Ltd. Hitachi Hyundai Elevator Company Fujitec Egypt Co. Ltd., Mitsubishi Electric