Global Traction Elevators Market to Reach USD 69.57 Billion by 2030, Growing at a 6.9% CAGR
Traction Elevators Market Set to Reach USD 69.57 Billion by 2030, Growing at a 6.9% CAGR Summary The global traction elevators market, valued at USD 43.61 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 6.9% and reach USD 69.57 billion by 2030. The market is driven by technological advancements, increased urbanization, and rising demand for energy-efficient elevators. A detailed analysis covering market segmentation, competitive landscape, and key growth drivers is provided in this report. Request Your Complimentary Sample Here. Get started today! https://www.maximizemarketresearch.com/request-sample/188908/ Traction Elevators Market Overview A) Market Size In 2023, the global traction elevators market stood at USD 43.61 billion and is forecasted to grow to USD 69.57 billion by 2030 at a CAGR of 6.9%. The expansion of high-rise buildings and the growing need for efficient and fast-moving elevators in commercial, industrial, and residential secto