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Myriad hurdles to achieving “Made in Africa” lifts by Shem Oirere, EW Correspondent Africa’s vertical-transportation (VT) industry continues to rely on imported components to meet market demand, with some local lift companies identifying hurdles on the road to developing the manufacturing capacity of domestic small- and medium-sized VT enterprises. Demand for components is expected to…
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Second industry survey reflects shift to positivity. Elevator World, Inc., the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, recently shared results of the second survey of elevator industry representatives on the current industry status and anticipated effects of the COVID-19 pandemic on business. The survey ran September…
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Otis earnings call reveals winners, losers and opportunities. At the midpoint of an unprecedented year, executives at Otis provided a look at what the future holds during a conference call with analysts in late July. They described an elevator world in flux and facing challenges, but not without opportunities. Throughout the COVID-19 pandemic, they said,…
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Industry survey received nearly 600 responses worldwide. by Kaija Wilkinson Elevator World, Inc., the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, recently shared results of the first of several surveys of elevator industry representatives on the current industry status and anticipated effects of the COVID-19 pandemic on…
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Domestic and international players ready to meet anticipated demand. by Eugene Gerden Russia’s federal government plans to build 120 million m2 of housing over the next five to seven years, while renovating existing housing stock.[1] This new construction and modernization includes elevators, and both domestic and international elevator industry players are gearing up to meet…
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New analyses and benchmarks of the industry with focuses on China by Lee Freeland Swiss financial services company Credit Suisse, a long-term commentator on and researcher of the industry, released several reports on the elevator and escalator market in March. All headlined Global Elevators & Escalators, their individual titles are “Looking at What Is Key…
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A growing, more urbanized population and tighter regulations are among market drivers. by Shem Oirere, EW Correspondent A growing real estate sector and increasing demand for housing catering to the aged and physically challenged are driving growth of sub-Saharan Africa’s residential lifts market. Furthermore, new efforts to enforce hitherto ignored building codes — especially in…
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The eighth-largest economy in the world and the sixth-most populated is changing to be prepared for the MERCOSUR and EU trade agreement that will pose challenges and bring opportunities in the lift market. by Fábio Becker Aranha The Brazilian elevator market reached its peak in 2014 when new installations climbed to 16,000 units, but, at…
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The city’s skyline rarely changes, but the new Zero2One tower is set to shake things up. The skyline of Cape Town, a port city on South Africa’s southwest coast, is set to change in coming months as plans for the construction of the city’s tallest building solidify. Building of the 221-m-tall Zero2One skyscraper by 2021…
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Weak office market fails to prevent an efficient, flexible tower with a Schindler VT system from earning CTBUH award. The Council on Tall Buildings and Urban Habitat (CTBUH) recently conferred Britam Tower, owned by diversified financial services group British American Insurance Co. Ltd., with the 2019 MEP Engineering Award. This reinforces the emerging trend of…
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