Elevator and Escalator Market is Expected to Reach a Value of CAGR of 11.07 % during 2016-2020: Radiant Insights, Inc
“ The global elevator and escalator market to grow at a CAGR of 11.07 % during the period 2016-2020.”
About Elevator and Escalator
Elevators and escalators are installed in commercial, residential, and mixed-used buildings; IT parks; hotels and restaurants; and retail outlets. The global elevator and escalator market is likely to be driven by the growth of the global construction market. The global construction market is experiencing significant growth, especially in the emerging economies such as BRIC nations. A large number of new public infrastructure projects are currently underway across the globe, which is expected to drive the growth of the global elevator and escalator market.
The global elevator and escalator market to grow at a CAGR of 11.07 % during the period 2016- 2020.
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