Report on elevators and escalators in Europe 2024: investments in railway networks and public infrastructure projects - CAGR 4.78% 2023-2029.

Otis, Schindler, TK Elevator, and KONE are four leading manufacturers of elevators and escalators in the European market, holding a 54% market share. Key points.

German contractor Hochtif has won a public-private partnership (PPP) deal to renovate and build new offices for the Federal Real Estate Institute in Berlin. The project involves the renovation of four existing buildings, which will be linked to new constructions and extensions.

The second part of the Elizabeth line, Crossrail 2, will be a new train route in London. It will start in Surrey and Hertfordshire in the south and extend to Essex and Hertfordshire in the north. There will be 32 stops along the way. Construction is expected to be completed by 2035.

I.G Capital, one of the leading asset investment firms in 2023, announced that one of its affiliates has acquired Classic Lifts Limited, a leading provider of engineering support and maintenance services for elevators in the UK.

In November 2023, Infosys announced a long-term partnership with TK Elevator. In this collaboration, Infosys and TK Elevator will manage the smooth transition of business applications in North America and key European markets.

The Austrian government's initiative for the expansion of the railway network by 2040 aims at the strategic development of new railway lines, the improvement of existing infrastructure, and the expansion of railway stations. The goal is to create a more efficient and sustainable railway network capable of accommodating the growing population.

The company Kone took over the maintenance and emergency call support from the Austrian company Flugel Aufzuge GmbH starting January 1, 2023. All employees of the maintenance and emergency call service will also transition from Flugel Aufzuge to Kone and the responsible office staff.

Belgian private network provider Citymesh and industrial connectivity specialist Citymesh has announced its smart city consortium project, which has received a $4.3 million grant from the European Digitalization Fund. It includes building a private 5G network to make the city, half an hour's drive from EU headquarters in Brussels, greener and smarter. The funds have been allocated from the Connecting Europe Fund (CEF) to support the region's digital transformation until 2027.

The German government announced the elimination of approximately $15.6 billion in annual subsidies for airport reconstruction in July 2022. At the same time, the government also mentioned significant expenses for the reconstruction of old infrastructure (residential and commercial) and installation...