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GROWTH DRIVERS

The growth of the elevator and escalator industry is driven by four key megatrends: Urbanization / Safety / Demographic change / Environment

Urbanization

Urbanization drives our growth in many ways. The world’s cities are constantly growing and an estimated 200,000 people move into cities each day – the same as 140 people every minute.

» Demand for new equipment; growth of installed base

Safety

More than half of all European elevators and escalators are over 20 years old, meaning the importance of reliability and safety of equipment is growing in importance worldwide.

» Importance of quality; demand for modernization and maintenance

Demographic change

In many parts of the world, both middle income and aging population are growing rapidly. These two factors contribute to the increasing demands towards housing and infrastructure.

» Demand for new equipment, modernization and maintenance

Environment

Buildings account for some 40% of the world’s energy usage. Environmental considerations are becoming more and more important in new construction and in renovation.

» Importance of eco-efficiency of solutions