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Stay on Corporate siteElevator and escalator market in 2017 (based on KONE estimates)
ELEVATOR AND ESCALATOR MARKETS
China is the world’s largest new equipment market followed by India. The largest installed base is in Europe.
KONE - Investors
KONE - Investors
Market structure
OEM = Original Equipment Manufacturer
The structure of the global elevator and escalator market is different between the three parts of the business; new equipment, maintenance and modernization. The new equipment market is rather consolidated at the global level, while the maintenance and modernization markets are more fragmented.