The Elevator Modernization Market Trends was valued at $7.8 billion in 2020, and is projected to reach $20.0 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.
Depending on elevator type, the market is divided into traction and hydraulic. Among these, the traction segment accounted for the highest market share in 2020 and it is expected to witness significant elevator...
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