Analytics, Research & Consulting U.S. Elevators Modernization & Maintenance Market | Page 4

Excerpts on Market Growth Factors •By introducing new power saving elevator equipment with advanced technology could boost their revenues and market growth over the forecast period. •Increasing need of vertical transportation, growing aged population and awareness towards the advanced technology and safety standards is set to propel the market at a significant growth rate. •The growing number of older people is creating a demand for elevators, both for new installations as well as modernization markets for easy transportation. •The rising urbanization will also play a major role in the growth of the Elevator Modernization market. •Urbanization is one of the key growth drivers for elevators industry. Contact : [email protected]