Elevators Market Residential Segment Predicted to Be Worth US$35.86 Bn by 2023
Rapid urbanization in emerging economies of Asia Pacific is surging the global elevators market to new heights. Top companies that operate globally are vying to obtain contracts for installation and long-term maintenance of newly built residential and commercial buildings in these nations. These companies are engaged in aggressive research and development to come up with technologically advanced systems and are aligning business strategies to serve a large geographical area.
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