Global Traction Elevator Market to Reach USD 65.09 Billion by 2029, Driven by Urbanization and High-Rise Construction The global traction elevator market is expected to reach USD 65.09 billion by 2029, growing at a CAGR of 6.9% from USD 40.8 billion in 2022, according to a new report by Maximize Market Research. This growth is fueled by the increasing urbanization, rising demand for high-rise...