Product Overview Product of Interest: Escalators Buying Criteria for Elevators ➢ Selection Range: The choice of which elevator to install starts from the available selection. In general, elevators are grouped into people lifters and cargo platforms. Many types of elevators can be used for both, but cargo elevators tend to be more heavy-duty and prioritize power over the smoothness of the ride. Passenger elevators tend to be more comfortable, and elevators designed for people with disabilities can have various safety features, such as seat belts and handrails. ➢ Installation Costs: Once the selection range for elevators is done, the cost of installation needs to be considered. Many companies offer free installation of most or all of the models they sell, both for commercial and residential properties. The actual cost of installation is often related more to the property where the installation is being performed rather than to the elevator unit itself. ➢ Maintenance Requirements: Maintenance is one of the highest continuing costs of owning an elevator. It is necessary to have basic maintenance to keep the elevator up and running well. Many elevator dealers offer maintenance contracts at the time of purchase. These are often provided at steep discounts that help to promote sales, and buyers can potentially save significant maintenance costs by signing up early. ➢ Performance Matters: Performance means different for each elevator installed. For passenger lifts, performance usually means a smooth, safe ride with simple control inputs and enough room on the platform for riders to feel comfortable. Commercial cargo lift elevators measure performance by lifting power and reliability over extended periods of use. Whichever metric is important, it is important to evaluate the performance of the elevator models. © TechSci Research 88
Malaysia Elevator & Escalator Market to Reach USD572.39 Million by 2026 Page 7 Page 9