Vietnam Elevator Market- Global Industry Growth and Trend Analysis
Vietnam Elevator Market Size Was Valued at USD 394.22 Million In 2023 And Is Projected to Reach USD 740.14 Million By 2032, Growing at A CAGR of 7.25% From 2024-2032.
An elevator also called a lift is a hydraulic cylinder-assisted, cable-assisted, or roller-track-assisted machine that moves in a vertical shaft that helps to carry people or bulk of goods between the levels, floors, or decks of a multi-storey building. They are typically operated by electric motors which drive the counterweight systems such as hoist and traction cables.