Elevators Market Scope, Global Trends, and Forecast to 2030 – Delvens

The global Elevators market size was estimated at USD 78.5 billion in 2023 and is projected to reach USD 119.60 billion in 2030 at a CAGR of 6.2% during the forecast period 2024-2030.

The COVID-19 pandemic has significantly impacted the global business landscape, including various industrial sectors. The construction industry, in particular, faced substantial disruptions due to broken supply chains and halted projects aimed at curbing virus spread. This slowdown in construction activities has, in turn, affected the demand for elevators.