Schindler Ps

Schindler Holding AG produces, installs, maintains, and modernizes elevators, escalators, and moving walks worldwide. Its offerings include Schindler PORT transit management, CleanMobility solutions, the Schindler R.I.S.E robotic installation system, Schindler MetaCore for repurposing buildings, the Schindler CLIMB Lift self-climbing system, Schindler X8, Digital Twin, and BuildingMinds, a cloud-based SaaS platform for monitoring real estate portfolio performance. The company also provides digital services and Building Information Modeling, which offers traceability and insights across the project life cycle from planning through maintenance. Founded in 1874, Schindler is headquartered in Hergiswil, Switzerland.

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Vietnam Elevator and Escalator Market Forecast to Exceed 51,000 Units by 2031

Vietnam's elevator and escalator market is forecast to grow from an estimated 41,717 units in 2025 to 51,013 units by 2031, a compound annual growth rate of 3.4 percent. Public investment reached VND 902 trillion, or 34 billion dollars, in 2025, driving demand through major transport projects and urban developments. An ageing population and stricter building regulations are further boosting the need for modern vertical transport systems. AI integration by companies like KONE, OTIS, and Schindler is creating new opportunities, while high installation costs exceeding 50,000 dollars per unit and geopolitical tensions remain key restraints.

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