Market Trends

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...

Lödige Industries Debuts Automation Module for Lift and Robots

On February 1, Germany’s Lödige Industries introduced a new automation module that allows both automated guided vehicles (AGVs) and autonomous mobile robots to interact with different lift systems to move...

Inaugural GEE in Milan Spurs Strong Interest

The inaugural Global Elevator Exhibition (GEE), planned on November 15-17 at Fiera Milano in Milan, Italy, is seeing strong interest, with at least 25 companies planning to participate as of...

Citadel Plans Supertall Manhattan Office Tower

American multinational hedge fund and financial services company Citadel LLC plans to build a 1,350-ft-tall, 51-story office tower designed by Foster + Partners at 350 Park Avenue in Manhattan, NYC,...

Take the Q3 2022 Elevator Industry Survey

Elevator World, Inc., the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, are continuing to survey the global elevator industry to better understand...

Spanish Elevation Sector Sees Growth in 2021

Due to increase in new construction The lifting activity in Spain registered an overall growth of 1.23% in 2021, compared to the previous year, which translated into sales of €3.060...

Sanctions on Russia and Belarus

An ensuring compliance has point position in EU lift industry. by Luca Pezzini In response to Russia’s recognition of the Donetsk and Luhansk regions of Ukraine on February 22, 2022,...

Post-Pandemic Scenarios for the Brazilian VT Market

SMEs face challenges including standards compliance and materials shortages. by Fábio E. Beker Aranhatranslated by Carmen Maldacena, EW Correspondent The postponement of the Brazilian equivalent to the European EN-81-20 standard...