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Stock impact report

Elevators & Escalators Market To Reach USD 272.2 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]

Otis Worldwide Corporation (OTIS) 
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 27, 2024 (GLOBE NEWSWIRE) -- The growing use of elevators & escalators is majorly driven by their aesthetic appeal and benefits. The demand for elevators and escalators is rising, fueled by their functional benefits and aesthetic appeal in various settings. Elevators facilitate vertical movement within buildings, while escalators provide convenient horizontal and vertical transportation. This is particularly beneficial for individuals with mobility issues or those who cannot navigate stairs easily. The elevators and escalators market is a significant sector within the construction and building equipment industry. It encompasses various elevators, including hydraulic, traction, machine room-less, and escalators, such as parallel, multi-parallel, and walkways. These systems find applications in multiple settings, including residential buildings, commercial spaces, retail stores, hotels, airports, metros, and other public areas. Innovations in the s Show less Read more
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