Elevator And Escalator Market Size, Share, Trends, and Forecast 2025-2033
The global elevator and escalator market is thriving, driven by rapid urbanization and smart city initiatives. Asia-Pacific, with a 63.6% share, leads due to China’s high-rise construction boom. Key trends include IoT and AI integration, with 70% of 2023 installations using smart systems for predictive maintenance, as seen in Otis’ ONE platform.
Read More: https://www.imarcgroup.com...
The global elevator and escalator market is thriving, driven by rapid urbanization and smart city initiatives. Asia-Pacific, with a 63.6% share, leads due to China’s high-rise construction boom. Key trends include IoT and AI integration, with 70% of 2023 installations using smart systems for predictive maintenance, as seen in Otis’ ONE platform.
Read More: https://www.imarcgroup.com...
09:42 AM - May 09, 2025 (UTC)
