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....

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,...

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...

CLASS PROJECT TO TRANSFORM OHIO RESIDENTIAL BUILDING’S ELEVATORS

Class Project To Transform Ohio Residential Building’s Elevators

Ciel Tower; image © NORR Group

CTBUH Best Tall Building MEA 2025 Is Dubai’s Ciel Tower

image via Facilities Management Journal

Stannah Welcomes New Generation of Apprentices

Centris Towers; image courtesy of Studio Vertebra Architects

Otis Uzbekistan Distributor Secures 35-Unit Contract

LATEST KARACHI ELEVATOR ACCIDENT POINTS TO LARGER ISSUE

Latest Karachi Elevator Accident Points to Larger Issue