Taking the stairs is healthy, or at least that’s what they say, but what if you have to go up by 50 floors? – Would you still take the stairs or start looking for easier ways to scale your personal Mount Everest? Studies indicate that walking is the healthier option of the two but in a world that is rapidly becoming urbanized, the demand for elevators and escalators will keep increasing. In their latest procurement intelligence report on the elevator market, the experts at SpendEdge have predicted sectors such as mining, logistics and warehousing, and petrochemicals to witness a high demand for various types of elevators, owing to their focus on reducing their operating costs and improving productivity. In addition, the analysts feel that the booming e-commerce industry will be one of the key factors driving elevator cost and category spend. The report also identifies the top elevator companies and offers a comprehensive elevator market overview for buyers looking to develop a functional procurement strategy.

Top 3 Elevator Companies

OTIS Elevator Company

OTIS is one of the top elevator companies in the world and is the largest manufacturer of vertical transportation systems. Based out of Connecticut, US, OTIS currently employs more than 68,000 people around the globe. They are well-known for installing elevators in some of the world’s most famous structures such as Eiffel Tower, Empire State Building, Petronas Twin Towers, and many more. Being one of the best elevator companies around, OTIS pioneered in the development of “safety elevator”, which uses a special locking mechanism in the case of hoisting rope failure.

Schindler Group

They are one of the most respected elevator companies in the world and are well-known as a manufacturer of moving walkways, elevators, and escalators. Founded in 1874 and headquartered in Switzerland, the company now has branches in more than 140 countries and employs more than 58,000 people, globally. What makes Schindler Group one of the most important elevator companies in the world is the fact that they specialize in maintaining, producing, installing, and maintaining and modernizing elevators in many types of buildings.

Kone

Kone is a global leader in providing world-class elevators, escalators, and solutions for modernization and maintenance. Being one of the world’s foremost elevator companies, Kone employs more than 55,000 people across 60+ countries. Kone is one of the few elevator companies who provides local service to builders and developers.

SpendEdge’s procurement report on the elevator market offers actionable insights on the factors impacting elevator cost, top elevator companies, and procurement efficiency. Our experts believe that the key to building a functional understanding of the market is to analyze all factors impacting elevator cost and procurement efficiency. The report also offers a TCO analysis and identifies the best strategies to procure products from elevator companies at the best price.