At KONE, our mission is to improve the flow of urban life. We understand urbanization and help our customers make the best of the world’s cities, buildings and public spaces. Our vision is to create the best People Flow® experience. We believe our vision can be best achieved by working together with our customers and partners in every step of the process.
The growth of the elevator and escalator industry is driven by three key megatrends, urbanization, sustainability and technology.
Today, more than 50% of people live in urban areas and by 2050, that number is expected to increase to 68%, adding 2.2 billion people to urban areas. The world will continue to urbanize but the nature of urbanization is changing. The way we live, work and commute will continue to transform.
Impact on the industry: demand for new equipment, growth of installed base, demand for modernization of buildings to adapt to changing needs
Globally cities stand for 75% of energy consumption and 80% of manmade greenhouse gas emissions. Requirements for smart and energy-efficient solutions, healthy and sustainable materials and overall, green and sustainable buildings are increasing. Sustainable building and circular practices are becoming more mainstream in new construction and refurbishment.
Impact on the industry: increasing customer requirements, broader array of business opportunities related to sustainable solutions
Technologies can be used to anticipate future needs. New technologies are enablers for solving many challenges, including challenges related to rapid urbanization and climate change.
Impact on the industry: opportunities to create value for customers in new ways, new revenue streams, automation and new ways of working
