Elevator Prices in the World.
The huge elevator and escalator market was 86 billion US Dollars in 2012. Three years later in 2015, global demand for lift equipment and services came to around 89 billion U.S. dollars. This indicates that every year this market grows. The growth speed of the elevator and escalator market in China is the fastest. The rapid expansion of cities in many countries has affected the growth of the elevator and escalator market. Demand for escalators and lifts has grown fast during the last four decades, production and installation time and service speeds have become very important for customers.
Changing Trends and Costs
Establishing prices of hydraulic elevators is less than Machine Room Less, geared traction, and gearless traction type elevators. Hydraulic elevators require a shaft to be built and take up more area than the others. Nearly all the components of the elevators can be manufactured in Turkey according to European Standards. In the last years, elevator prices and the Turkish Lira have even lost some value compared to the dollar or the euro. Because of this reason, the price of the components in Turkey is lower than the other countries. There are many manufacturers located in the province of Istanbul. All the equipment for elevators and escalators can be delivered all over the world with a short delivery time. All elevator components can be provided by ISF according to European Standards or our engineers offer new projects or modernization solutions at an appropriate price. Elevator and escalator companies increase their profits, thanks to the new technologies being developed. The price of elevators increases because people have a strong desire for luxury and new technologies. The performance and functions of the lifts remain the same as the compact equipment. ISF Elevator Company is one of the suppliers of high-quality elevator equipment at a low price.
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