Elevator and Escalator Market to grow by USD 60.75 billion from 2022 to 2027 | Growing investment in smart cities to drive the growth

he elevator and escalator market is expected to grow by USD 60.75 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 8.92% during the forecast period. The market is segmented by product (elevators and escalators), application (commercial, residential, and industrial), and geography (APAC, Europe, Middle East and Africa, North America, and South America).

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