Romania Elevator and Escalator Market Growing

The elevators and escalators industry in Romania is being fueled by the growing construction industry increasing demand drastically. Increased government spending on infrastructure development also helped bring a surge in movement of elevators and escalators in the country.

The majority of the market installations is visible in commercial and residential sectors and is expected to keep growing 6.3% during 2018 and 2024 due to increased installations across airports, metros and railway projects in the country.

Romania is the second fastest growing economy in the EU thanks to EU funds which is helping the growth of infrastructural development projects and fueling demand for elevators and escalators.