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OverviewAPI
The global elevator and escalator market is projected to grow at a CAGR of 4.75% from 2022 to 2029, driven by factors such as the aging population and increasing mobility challenges. The market is dominated by companies like KONE, Otis, TK Elevator, Schindler, and others. Additionally, the construction elevators market is expected to reach US$ 1.1 billion by 2033, driven by the growing construction industry and the shift towards rental services.

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