Trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, according to the study of WTO.The decline in exports has been mainly due to the ongoing global slowdown, which got aggravated due to the current Covid-19 crisis. The latter resulted in large scale disruptions in supply chains and demand resulting in cancellation of orders.

XYZResearch’s analysis shows that as China started reopening its economy, world exports initially recovered across the board. But estimates of the expected recovery in 2021 are uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses.

This research report indicated that the global Passenger Elevators market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026.

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In terms of the export, China occupied more than XX % export market share in 2019, India occupied XX %. XXX is the second largest region around the world, it occupied about XX % export market share in 2019. In terms of the Local Capacity, XXX is the largest region around the world, it occupied about XX % export market share in 2019.

Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Passenger Elevators Market :-
China
EU
North America
Japan
India
Southeast Asia
South America
Middle East and Africa
Competitive Analysis; Who are the Major Players in Passenger Elevators Market?
Schindler Group
Sicher Elevator
Edunburgh Elevator
Volkslift
Canny Elevator
SANYO
Hyundai
SSEC
Ningbo Xinda Group
Suzhou Shenlong Elevator
Otis
Fujitec
Shenyang Brilliant Elevator
Express Elevators
Zhejiang Meilun Elevator
Suzhou Diao
Toshiba
Dongnan Elevator
ThyssenKrupp
Hitachi
SJEC
Kone
Mitsubishi Electric
Yungtay Engineering
Hangzhou Xiolift
...
Major Type of Passenger Elevators Covered in XYZResearch report:
AC Elevators
DC Elevators
Application Segments Covered in XYZResearch Market
Hospitals
Large Shopping Malls
Schools
Office Buildings
Hotels
Others

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