Elevator Modernization Market Is Expected to Reach $12, 832.8 Million by 2023 at a CAGR of 4.63%
According to the new market research report by IndustryARC titled "Elevator Modernization Market By Elevator Type (Traction, Hydraulic) By Components (Controller, Door Equipment, Power Units and Others) By Type (Full & Phased Modernization) By End-User (Residential, Commercial, Marine, Industrial, Others) - Forecast (2018-2023)", the market is driven by the growth of end users such as residential buildings, commercial, marine, industrial, institutional, etc.
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