Elevator Industry Statistics 2025-2026
Elevator Industry Statistics 2025–2026 | Axxiom Elevator Florida Elevator Industry Statistics 2025–2026: Key Data, Trends & Benchmarks Quick Answer: The U.S. elevator and escalator industry is valued at approximately $22.4 billion in 2025 and is projected to reach $23.9 billion by 2026. Roughly 900,000 elevators are currently in operation across the country, each requiring 3–5 […]
What Is the Florida Single Plunger Brake Requirement?
Florida building owners, property managers, HOAs, and facility operators are facing an important elevator safety compliance deadline that could impact thousands of existing elevator systems across the state. Under Florida Elevator Code Section 3.8.4.1, all existing traction elevators equipped with single plunger brakes must comply with updated safety requirements no later than August 1, 2028. […]