Market Trends
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....
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,...
Fortune India Talks to Otis CEO About Regional Market Trends
Fortune India published a piece on October 7 in which the author interviewed Otis Chair, President and CEO Judy Marks about market trends and company strategy in areas including North...
Plan to Expand and Diversify Seoul Bank Part of Larger Trend
Woori Bank's plan to transform its circa 1950 Euljiro branch in Seoul, South Korea, which closed in July, from a five-story mid-rise into a 19-story high-rise with seven underground levels...