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Stock impact report

Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akote...

Otis Worldwide Corporation (OTIS) 
Company Research Source: Yahoo! Finance
Impact & Forecast: Market Forecast By Types, By Services, By End-User and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. The Nigeria Elevator and Escalator Market witnessed reasonable growth in the period before the pandemic. The growth could be attributed to numerous commercial and residential projects in Nigeria along with various government initiatives towards residential sectors to tackle the housing deficit in the country such as the Upgrading of Informal Settlements and the National Housing Program. However, the demand for elevators and escalators in Nigeria saw a sharp decline owing to the pandemic during the year 2020 as economic activities were suspended to curb the effect of the pandemic. According to this research, the Nigeria Elevator and Escalator Market is projected to grow at a CAGR of 6.4% in terms of revenues during 2023-2029F. Investment in infrastructure by the Nigerian government with a budget allocation of N1.42 trillion in Show less Read more
Impact Snapshot
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