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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