Market Trends
Advantages of U.S. Customs Duties to the Turkish Lift Industry
New customs duties announced by United States (U.S.) President Donald Trump on April 2, 2025, came as a shock in all markets. After Black Monday in the Far East and...
Catering to Growing Demand
KONE Elevator India expands presence in South Gujarat with new office in Surat. submitted by KONE Elevator India KONE Elevator India announced the expansion of its footprint in South Gujarat...
Sharp Drop Ahead for Russian Elevator Manufacturers
Declining housing construction in Russia will soon cause a similar decline in elevator sales. by Eugene Gerden Russian elevator manufacturers will likely face a sharp drop in sales in the...
CTBUH 2025 Trends & Forecasts
Report reveals shifting global skyline and new market realities. submitted by CTBUH The Council on Tall Buildings and Urban Habitat (CTBUH) released its 2025 Trends & Forecasts report, which delivers...
Türkiye Lift Market: Growth, Competition and Strategic Roadmap
by Semih Çalık There are some industries where transformation is difficult to notice if you are in those industries. The lift market in Türkiye has been going through such a...
Kenya’s Home Lift Market
The country is creating a monumental and progressive house-building program, providing fertile ground for the VT industry. Kenya is implementing an ambitious house-building program, dubbed “Boma Yangu” (My Home), to...
The Impact of Consolidation and Globalization on the U.S. Market
by Donald Gelestino This paper was presented at the 2024 International Elevator & Escalator Symposium in Paradise Island, Bahamas. Purpose This presentation will discuss the topics of consolidation and globalization...
High Safety Risks With Old Lifts
Safety issues abound as Sweden has the oldest lift stock in Europe with rules just as old. Over the last few years, there have been several lift accidents in Sweden....
Vast Potential
“Made in India” VT provides a competitive advantage across domestic and international markets. images by Gagandeep Kaur In recent years, India’s real estate and infrastructure sectors have witnessed unprecedented growth....
Scaling New Heights
The global rise of “Made in India’s” VT Market The “Made in India” initiative launched by the Indian government in 2014 has been a pivotal force in transforming India into...
