Freedonia In The News

Article Title: Supertall Towers Are Driving an Elevator Revolution
By: Niclas Rolander
Publication: Bloomberg Businessweek, 2/16/2018
Freedonia Study: Global Elevator Equipment and Services by Product, Market and Region, 7th Edition (3542)

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Global annual revenue from making and maintaining elevators and escalators will rise to $114 billion in 2021, from $96.7 billion in 2016, estimates researcher Freedonia Group. One reason: China’s historic urbanization program, which has made it the epicenter of the high-rise frenzy. Otis, a United Technologies Corp. unit, is planning a 270-meter testing tower in China. Kone opened its own 235-meter facility there in 2015.
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