Global Construction Lifts Industry Report 2024: Development of Compact Lifts for Tight Spaces Generates Demand in Urban Projects [Yahoo! Finance]
KONE OYJ B UNSP/ADR (KNYJY)
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Source: Yahoo! Finance
The global market for Construction Lifts was valued at an estimated US$1.7 Billion in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The construction lifts market is significantly influenced by the increased adoption of automation and advanced technology to enhance the efficiency and safety of lifts. The rise of smart cities and the push for efficient urban environments have spurred the demand for modern construction lifts equipped with advanced control systems and real-time monitoring capabilities. The shift towards sustainability and eco-friendly practices has also influenced the market, with manufacturers developing lifts that are more energy-efficient and environmentally friendly. The continuous innovation in lift technology and the growing construction activities worldwide, particu
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