Elevators Modernization market was valued at USD 13.5 billion in...

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2026-08-25 13:27:41 -

Elevators Modernization market was valued at USD 13.5 billion in 2025

According to a new report from Intel Market Research, the global Elevators Modernization market was valued at USD 13.5 billion in 2025 and is projected to reach USD 18.9 billion by 2034, growing at a robust CAGR of 3.1% during the forecast period (2025–2034). This growth is propelled by the worldwide ageing of vertical‑transport assets, tightening safety codes, accelerating urban...

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