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  Traction Elevators Market  Expected 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 grow at a CAGR of 6.9% and reach USD 69.57 billion by 2030. This comprehensive report provides a detailed analysis of market trends, key segments, competitive strategies, and industry growth drivers shaping the traction elevator market. Request Your Complimentary Sample Here. Get started today!  https://www.maximizemarketresearch.com/request-sample/188908/   A) Market Size The global Traction Elevators Market is anticipated to expand significantly, with the current market size of USD 43.61 billion expected to reach USD 69.57 billion by 2030. This growth is attributed to increasing demand for energy-efficient elevators in residential, commercial, and industrial sectors. Furthermore, technological advancements in elevator systems are fueling market expansion. B) Scope and Res...

  In 2023, the   global traction elevators market   was valued at approximately USD 43.61 billion. Forecasts indicate robust growth in the sector, with the market expected to expand at a compound annual growth rate (CAGR) of 6.9% through to 2030. By the end of this period, the market is projected to reach USD 69.57 billion. This growth is driven by increasing urbanization, advancements in elevator technology, and rising demand for energy-efficient and high-performance elevators in residential, commercial, and industrial sectors. Traction Elevators Market Overview: The traction elevators market is witnessing significant expansion due to the accelerating pace of urban development and infrastructure projects worldwide. These elevators, known for their efficiency and reliability, are increasingly being adopted in high-rise buildings and commercial spaces. The market is driven by technological advancements such as the integration of smart controls and energy-saving features, w...