SEPTEMBERASIA BUSINESS OUTLOOK19In the digital era, it's all about experiences. Successful companies are not merely providing products or services, they are delivering experiences, built around their products & services, while quality, cost and functionality remain a 'given' set of considerations. The all-prevalent digital landscape is a major aggregator of this drive, and promoting automation across industries, and elevator and escalators are a great gift of this making movement easier for people in moving to-and-fro, amidst a building or campus area. According to Fortune Business Insights report, the global elevator and escalator market is projected to scale from $83.86 billion in 2022 to $132.08 billion by 2029, exhibiting a CAGR of 6.7 percent in forecast period. Moreover, the growing infrastructure and construction initiatives by government and rising investments in commercial and residential infrastructure projects across geographies are a significant contributor in elevator and escalator market's growth. The increasing of the commercial projects is set to augment this demand from the elevator and escalator manufacturers in the near future. However, COVID-19 pandemic did obstruct this market's growth hindering the infrastructure development and hard-hitting the construction sector. But, everything turning back to normal, and construction industry standing upright the elevator and escalators manufacturers are also rooting to efficiently relishing this opportunity. There are many manufacturers who are prolifically contributing to this growth delivering standard quality intact elevator and escalator manufactures, but to pick out the best Elevator and Escalator Manufacturers from a deluge of options in Asia can seem really difficult. Thence, Asia Business Outlook in this issue presents a list of `Top 10 Elevator & Escalator Manufacturers from Asia ­ 2022' who have leveraged their extensive industry expertise and experience in leveraging efficient BPO services to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products.ELEVATOR & ESCALATOR MANUFACTURERS FROM ASIA 2022TOP 10
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