Market Trends
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...
Lessons From China
India can expand the scope for “Made in India” VT across domestic and international markets. India, the third-biggest economy with the fifth position in the world Gross Domestic Product (GDP)...
Accessibility for a Healthier Tomorrow
How a hospital construction boom in Morocco is driving the VT market Morocco’s multibillion-dollar plan to build modern health facilities is expected to drive demand for vertical-transportation (VT) equipment and...
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
Revamped Toronto Tower Plan Points to Post-Pandemic Trend
H&R REIT has resubmitted plans for its tower development at 310 and 330 Front Street West in Toronto’s Entertainment District to add a residential tower and eliminate an office building,...
