Global Elevator Industry Survey

November 9, 2020
2 min read

Elevator World Inc. sent out a Global Elevator Industry Survey to their members this past July inquiring about the current state of their elevator companies considering the challenges caused by the COVID-19 pandemic. The survey was meant to broaden the elevator industry’s awareness of the current and near future global elevator industry market trends.

Question 1 Results: Overall industry’s economical situation in the last three months is skewed towards challenging current situation.

  • 34% answering bad
  • 26% good
  • 40% neutral

Question 2 Results: Overall, the industry is net cautious in regards to the economical situation for the next 6 months.

  • 29% expect unfavourable development over next six months
  • 19% expect favourable
  • 52% expect stable

Below is a summary of PMI-like Diffusion Index calculation indicating current situation and outlook.

Question 3 Results

  • As expected, COVID-related restrictions are the main factor.
  • Next is economic uncertainty and insufficient demand.
  • The least limiting is uncertainty over regulations and shortages of materials or equipment.

Question 4: How do you expect your firm’s total employment to change over the next3 months? It will…

Question 4 Results:

  • Europe and North America expect to maintain existing levels of employment
  • 30% of responses in Asia Pacific expect a net decrease

Please find the link to the Global Elevators Industry Survey – Inaugural July 2020 Edition survey here.

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