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  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, an...

  Traction Elevators Market  Ascends to $65.09 Billion by 2029: Driven by Urbanization and High-Rise Construction The global traction elevator market is on an upward trajectory, projected to reach a value of USD 65.09 billion by 2029 according to Maximize Market Research. This signifies a steady growth of 6.9% CAGR from 2022, fueled by rapid urbanization and the increasing construction of high-rise buildings. Request for free sample: Traction Elevators: A Vital Cog in Urban Mobility This comprehensive report by Maximize Market Research delves into the traction elevator market, exploring the key factors propelling its growth: Urbanization Boom:  The growing concentration of people in cities necessitates efficient vertical transportation solutions, making traction elevators a crucial infrastructure component. High-Rise Construction Surge:  The rise of skyscrapers and multi-story buildings is driving demand for high-speed and reliable traction elevators. Technological A...