Market Trends
Historic Chicago Office Tower Eyed for Conversion
An investor in Grand Rapids, Michigan, wants to convert the upper office floors of the 38-story, circa 1927 Pittsfield Building in Chicago into 214 apartments, adding to the 442 residences...
Start Elevator’s O’Shea Discusses 2025 Business Drivers, Challenges
Jack O'Shea, owner and president of Bronx, NY-based Start Elevator, recently discussed with ELEVATOR WORLD what's driving business and creating challenges for his company in 2025. With a roughly equal...
KONE to Provide Elevators for High-Rise Mumbai Complex
KONE announced on January 28 it received an order to provide 21 passenger elevators for Aga Hall Estate in Mumbai, India, which consists of 45- and 56-story towers containing 349...
GEE 2025 Returns, Launches Observatory
Milan International Building Alliance (MIBA) announced the Global Elevator Exhibition (GEE) 2025 will take place on November 19-21, 2025, at Fiera Milano in Milan, Italy. Also announced, MIBA and Politecnico...
India’s Senior Living Housing Sector to Rise Over 300% by 2030: JLL — Asli Report.
India’s senior population — defined as individuals age 60 and above — is poised to more than double, from 156.7 million in 2024 to 346 million by 2050. This demographic...
NAREDCO Maharashtra and 1 Finance Unveil Comprehensive Study
1 Finance, a financial services institution focused on the personal finance space in India, collaborated with National Real Estate Development Council (NAREDCO) Maharashtra NextGen as the Research Partner for Excelerate 3.0....
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...
