Freedonia In The News

Article Title: Otis Elevator Vies for the Ultratall Skyscraper Market
By: Tim Catts
Publication: Bloomberg Businessweek, 1/31/2013
Freedonia Study: World Elevators (2832)

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Skyscraper construction is rebounding as the global economy regains its footing after the slump. As many as 24 skyscrapers approaching 1,000 feet may be completed in 2013, compared with nine in 2012, according to the Council on Tall Buildings & Urban Habitat, and even loftier structures are on the drawing board. Cleveland-based researcher Freedonia Group estimates the global elevator market will grow 6.4 percent annually, to reach $90 billion by 2015.
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