Global Megatrends Drive Our Business

The direction and shape of the global elevator and escalator industry are driven by four megatrends: urbanization, changing demographics, the increasing importance of safety, and concern for the environment.

We contribute to sustainable urban development by developing energy-efficient solutions that enable people to move smoothly, safely and without waiting in urban environments.

Rapid urbanization
Urbanization is the single most important megatrend for the elevator and escalator industry and it is expected to drive demand for years to come. Already, the world's urban population exceeds the world's rural population. The continuing concentration of people in urban areas will increase the importance of enabling people to move efficiently from one point to another. More people will need to move through the same space at the same time. Buildings will be built higher and the flow of people inside them will need to be managed as efficiently as possible.

Aging urban population
The global demographic structure is changing. In particular, the world’s population is aging at an unprecedented rate. The growing number of older people raises the importance of accessibility in buildings and urban infrastructure. An elevator can help elderly residents live in their apartments longer, facilitate the lives of all residents in the building, as well as add value to an existing property. Our solutions can help make cities more accessible for everyone.

Importance of safety
Urban infrastructure systems in certain markets are aging. National and international safety codes and standards play a key role in determining the safety level of elevators and escalators and are a strong driver for modernization demand. Particularly in Europe, many countries have adopted strict standards for safety and modernization in recent years.

Read more about safety: Safety at KONE »

Concern for the environment
Buildings consume approximately 40% of the world’s energy, and elevators and escalators can account between 2%-10% of the energy consumption of an individual building. The elevator and escalator industry can play a vital role in helping to counter climate change and its negative effects by providing innovative solutions that help to reduce the energy consumption of buildings.

We aim to be the industry-leader in eco-efficiency. Our long-term environmental objectives are to further improve the eco-efficiency of our solutions, modernize existing elevators and escalators to make them more energy-efficient, and to further reduce the environmental impact of our operations – especially our operational carbon footprint.

Read more about our commitment in environmental excellence »

Our Vision and Strategy

Our strategy is to deliver a performance edge to our customers by creating the best user experience with innovative People Flow® solutions.

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Corporate Responsibility

Read about corporate responsibility at KONE on our corporate website.

We support sustainable urban development »