Market Trends
KONE CEO: Digitalization and Sustainability Hold Promise in China
KONE CEO Philippe Delorme said the Finland-based OEM plans to further invest in China, particularly in the areas of digitalization and sustainability, which he described as the most important elevator...
Direct-Entry Residential Elevators Gaining Popularity in the U.S.
A symbol of privacy, exclusivity and efficiency, direct-entry elevators to transport residents straight to their homes in luxury towers are gaining popularity in the U.S., says the architect who pioneered...
Global IoT Elevator Market Expected To Continue To Grow
Fact.MR forecasts the global Internet of Things (IoT) elevator market is set to reach US$93.9 billion by the end of 2022-2032 with a compound annual growth rate (CAGR) of 13.4%....
Nigeria Urbanization Surge Increases VT Demand
Engr. Oluwole Dada, vertical transportation (VT) manager, Building Services Division, at PPC Ltd. has noted that recent challenges in Nigeria have brought to light the need for innovation and excellence...
VDMA: German Robotics and Automation Sector Projects Record Year
Representing more than 3,500 German and European mechanical and plant engineering companies, VDMA Robotics + Automation says the sector is on track for another record year. The industry forecasts a...
“Healthy Return” of Users Fuels Elevator Use Across Europe
London, Paris and Brussels lead the way in a resurgence of elevator use across Europe, CoStarTM reports. On average, European cities are at nearly 80% of pre-pandemic levels, with tourists...
Interlift 2023 in Augsburg, Germany, Continues to Grow
AFAG Messen und Ausstellungen GmbH, organizer of the interlift 2023 international vertical-transportation trade fair in Augsburg, Germany, on October 17-20, reports the fair continues to grow, with 40% more exhibitors...
Schindler CEO Cautiously Optimistic About China 2023 Outlook
Silvio Napoli, CEO of Switzerland-headquartered Schindler, said he is cautiously optimistic about the elevator, escalator and moving walk manufacturer's business in China in 2023, China Daily is among outlets to...
TKE Publishes Report on Four Smart Elevator Trends
TK Elevator has released a new report/white paper titled “The Elevator of Tomorrow: 4 Trends Personalizing the Rider Experience,” which highlights these notable megatrends: making elevators more reliable with cloud-based...
Global Elevator Industry Survey Reflects Improved Outlook
Elevator World, Inc., the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, recently released the results of their latest global elevator industry survey...
