The Global Market for Elevators and Escalators is Projected to Exceed 1.2 Million Units in New Installations by 2024
Growing Prominence of Smart Elevators in Evolving Smart Cities Drives the Global Elevators and Escalators Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Elevators and Escalators market. The global market for Elevators and Escalators is projected to exceed 1.2 million units in new installations by 2024 , driven by growing number of super tall skyscrapers worldwide and technology innovations and advancements aimed at making vertical transportation more intelligent, faster, safer and comfortable. Elevators and escalators are now an integral part of the everyday lives of people across the world. Since the first Otis elevator lifted the shoppers from a New York City department store’s ground floor in 1857, elevator technology has come a long way. Newer challenges are helping newer technologies to be developed aimed at improvi...