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Global Elevator Service Market: Industry Key Growth Factor Analysis & Research Study 2020-2025

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The Global Elevator Service Market, valued at USD 34.9 billion in the year 2019, with service business (including maintenance & repair and modernisation) accounting for more than half of the annual revenues of the top four OEMs - Otis, Schindler, Kone and Thyssenkrupp Elevators. Also, owing to mature installed base of elevator in the regions like Europe and North America, the elevator service business market is witnessing steady growth. The initiatives by leading OEMs to provide Internet of Things (IOTs) and Artificial Intelligence solutions in their services contracts will also result in growth of elevator services business in the near future.

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Created by sonikashukla98 4 weeks 7 hours ago – Made popular 3 weeks 5 days ago
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