Market Reports Look at Industry Trends Through 2022

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Welcome to the Elevator World News Podcast. This week’s news podcast is sponsored by HYDE NAMES APEX PREFERRED BIDDER Apex Lifts was named a preferred bidder on The Hyde Group’s framework for "General Passenger Lifts Refurbishment (Lot 1)." Apex will be on the framework for four years, with opportunities for mini-tenders for planned work programs, which will be based on the age, condition and availability of spare parts for passenger lifts, with the potential to tender for emergency lift modernization or replacement works. Apex said it has more opportunities to expand its experience within the housing sector and further enhance its project portfolio with Hyde, which is responsible for more than 350 passenger lifts. It expects work across southeast England and London. OUT ESCALATORS AT INDIAN RAIL STATION CAUSE FRUSTRATION Two escalators serving four platforms at the railway station in Visakhapatnam, India, have been out of service for at least six months, frustrating commuters, The Times of India reports. The escalators were shut down in June so a new foot overbridge (FOB) could be constructed. Stating the escalators are expected to be back in service by May 2018, a railway official said building the FOB is taking longer than usual due to heavy rock at the foundation. Another official said Indian Railways hopes to build an additional two escalators at the station. MARKET REPORTS LOOK AT INDUSTRY TRENDS THROUGH 2022 A pair of market reports now available offer insights into current trends in the elevator industry and what these trends portend through 2022. The first report, "Global and Chinese Express Elevator Market, 2012-2022 Market Research Report," provides an in-depth study on the global express elevator market, with a focus on major markets in North America, the European Union and Asia-Pacific region, according to The report gives a basic overview of the market, then goes into detail on major market players, including company profile, product specifications, capacity, production value and market share. The second report, "Global Market Study Elevator and Escalator Market 2017-2022," takes a deep look at the "crucial factors of the elevator and escalator market" based on several criteria, according to Silver Pinyon Journal. These criteria include "present industry situations, market demands, business strategies adopted by elevator and escalator market players and their growth scenario." ESCALATOR WORK PART OF MADRID METRO CONTRACTS The Madrid metro recently announced the awarding of EUR238.5 million (US$278.25 million) to three unnamed maintenance contractors, Global Rail News reports. While most of the money will be spent on cleaning stations over the course of the next four years, EUR13 million (US$15.2 million) for escalator maintenance over the same period is included. Work, including step-chain replacement, will take place on 634 of the network’s 1,700 escalators. More than 2.2 million people use the metro daily. Subscribe to the Podcast: iTunes│Google Play | SoundCloud│Stitcher│TuneIn

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