France Elevator and Escalator Market Report 2024-2029 - KONE, Mitsubishi Electric, TK Elevator, Otis, Hitachi, Fujitec, Schindler, Toshiba Elevator and Building Systems and Hyundai Elevato...
MITSUBISHI ELEC UNSP/ADR (MIELY)
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Source: Yahoo! Finance
The French Elevator and Escalator Market was estimated at 15,674 units in 2023, and is expected to reach 18,645 units by 2029 rising at a CAGR of 2.94% According to insights from major market players, the service market, particularly maintenance and modernization, is expected to significantly drive the France elevator and escalator market in the forthcoming years. This is projected alongside a slower growth rate and a potential decline in new installations during the forecast period. The primary reason for this trend is the prevalence of older buildings throughout France, many of which do not currently have elevators installed or only have a small elevator that can fit one or two people. Furthermore, the limited space available in such buildings often restricts the installation of only smaller elevators. In 2020, France had 2,467 urban units, totaling 52.9 million inhabitants, or 79.2% of the French population. The urban unit of Paris alone has 10.8 million inhabitants or 16.2% o
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