Business & Market

Market sizing, IPO and M&A activity, competitive analysis, financial reporting, and business intelligence covering the global elevator, escalator, and vertical transportation sector.

Stories in Business & Market 6 articles

M&A Activity

KONE Moves to Buy TK Elevator for $28.7 Billion, Killing Planned IPO and Reshaping the Entire Industry

Bloomberg reports KONE is in advanced talks to acquire TK Elevator from Advent and Cinven. If completed, the Big Four becomes the Big Three.

Bloomberg / Elevator World · Mar 16, 20265 min read

Business & Market

TK Elevator Weighs $22.7 Billion U.S. IPO, Would Be Largest Elevator Industry Listing in History

The fourth-largest elevator maker globally is exploring a U.S. listing valued at over 20 billion euros. The U.S. accounts for approximately 35% of TKE's total 9.3 billion euros in annual sales.

Reuters / Elevator World · Mar 20266 min read

Business & Market

Global Elevator Market Hits $113.9B, Modernization Outpaces New Installations

Projected to reach $161B by 2030. Modernization now leads growth for the first time in 20 years, driven by aging infrastructure and smart city development.

GlobeNewswire · Mar 2, 20265 min read

Residential

Shaftless Home Elevator Market Projected to Reach $2.31B by 2030

Aging populations, smart home integration, and luxury upgrades drive 8.6% CAGR growth. Savaria, Stiltz, and Nibav lead with compact, IoT-enabled residential platforms.

GlobeNewswire · Mar 2, 20263 min read

M&A Activity

Independent Elevator Contractors Face Accelerating Consolidation as Big Four Expand Service Portfolios

The four major OEMs control roughly 70% of the North American service market. Independent contractors serving the remaining 30% face growing acquisition pressure.

Elevator Trade News · Mar 20265 min read

M&A Activity

Kings III Acquires LiftNet to Consolidate Elevator Emergency Communications

The acquisition combines Kings III's 36-year emergency monitoring network with LiftNet's cloud-based elevator performance analytics platform across North America.

Kings III / Elevator World · Apr 20253 min read

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Full transparency: Elevator Trade News is published by Intent Mesh LLC, founded by an active IUEC elevator constructor who turns wrenches for KONE by day. Intent Mesh also builds PullSheet, an AI diagnostics platform for elevator technicians. None of this influences what we cover or how we cover it. We report for the trade, not for any employer or product.