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Russia-Rising

Russia Rising

By Eugene Gerden | September 1, 2020

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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Data From Global Elevators & Escalators

By Lee Freeland | June 1, 2020

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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Africas-Home-Lifts-Market

Africa’s Home Lifts Market

By Shem Oirere | May 1, 2020

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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An Overview of the Brazilian Lift Market

By Fábio Becker Aranha | May 1, 2020

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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Cape-Town-Is-Rising

Cape Town Is Rising

By Shem Oirere | November 1, 2019

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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A Shining Star in Nairobi

By Shem Oirere | August 1, 2019

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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Rwanda-Rising

Rwanda Rising

By Shem Oirere | July 1, 2019

Data is scarce on emerging VT market, but opportunity abounds. Rwanda’s real estate market is growing, triggering demand for vertical-transportation (VT) solutions to serve commercial and residential buildings rising in this landlocked country. Its VT industry is not as robust as those of neighboring East African markets and relies heavily on real-estate trends to grow.…

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Global Top Ten Elevator Companies

By Peng Jie | May 1, 2019

2018 update shows subtle changes in the ranking order, accounting for the instability in industry competition and importance of corporate strategy. Elevator Observation — a neutral, China- based performance assessment for elevator and escalator manufacturers in the global market — published the following commentary in September 2018………………………………………………. Editor Under the impact of uncertainties in the…

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Land-of-Opportunity

Land of Opportunity

By Shem Oirere | April 1, 2019

Despite challenges, the future looks bright for Ghana’s VT market. Ghana, a former British colony known as Gold Coast until its independence as a nation in 1957, is one of the emerging markets in Africa characterized by long spells of political stability and an improvement in the ease of doing business, according to World Bank…

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Retail-Rising

Retail Rising

By Shem Oirere | October 1, 2018

Sub-Saharan Africa’s biggest mall aims to stand out in a growing market. The growth of shopping malls in Kenya’s capital, Nairobi, is gaining momentum, with the city now hosting the biggest retail complex in Sub-Saharan Africa since the Two Rivers Mall (TRM) was commissioned in early 2017. This increased opportunities for vertical- transportation (VT) companies,…

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Elevator World | November 2021 Cover

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