The maintenance model of the elevator industry, providing for 75% of its profits, is outdated and the four main OEMs are not countering the downturn.
The global elevator market is a hidden niche worth more than $90bn (source: Freedonia research), yielding massive cash-flows. The well-off elevator group of manufacturers, made…
After publishing a series of articles five months ago outlining our contrarian vision of the elevator market, we received a great deal of attention from top executives, industry experts, and equity investors. They asked us similar strings of follow-up questions, which can be summed up as follows:
How predictive maintenance can solve the global elevator problem, if executed with the right product vision.
Our previous article explored how the elevator maintenance business model is in bad shape: