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KONE, a global leader in the elevator and escalator industry, is proud to celebrate a significant milestone with the achievement of the Platinum Green Labelin Indonesia, the highest rating awarded by Green Product Council Indonesia (GPCI). This recognition highlights the growing role of smart people flow solutions in supporting Indonesia's journey towards more sustainable urban development.
The global residential elevators market is projected to grow from USD 51.8 billion in 2026 to USD 58.6 billion by 2031, at a 2.5% CAGR. Growth is driven by aging populations, demand for home accessibility, energy-efficient buildings, smart cities, and infrastructure investment. Machine-room-less elevators, maintenance and repair services, and North America are expected to be the second-largest segments. The report profiles leading companies, including Otis, Schindler, KONE, Hitachi, Hyundai Elev
Kone Oyj (KNYJY) delivered earnings and revenue surprises of -15.63% and +0.21%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
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