With the EU funds and increasing foreign direct investments in Romania, the elevator and escalator market is expected to grow 6.3% in 2018-24.

The construction sector, which has increased in Romania in recent years due to the strengthening of the commercial, tourism and residential sectors, also increased the demand for elevators and escalators in Romania. The Romanian construction industry has grown rapidly in recent years, and in the first 4 months of 2020, housing construction has increased by 21% and non-residential buildings by 12%.
In addition, the increase in government spending on infrastructure development has led to an increase in the deployment of elevators and escalators in the country. The elevator segment had a large share in the overall elevator and escalator market in Romania, where the majority of the market facilities were in the residential and commercial sectors. However, the escalator segment is projected to grow at a higher capacity between 2018 and 24, primarily due to increased facilities in the country's airports, subways, and railway development projects.

The Romanian elevator and escalator market is expected to grow 6.3% in 2018-24. Due to the increase in foreign direct investment in the country, high growth is expected in the forecast period. Foreign direct investment and European Union funds have made Romania the second fastest growing economy in the European Union. This growth led to the growth of infrastructure development projects in the country. And this has led to an increase in demand for elevators and escalators, and serious developments in this area.
Nevertheless, the lack of high-rise buildings led to the preference of medium segment elevators, which do not require high technology and machine rooms in the country. Although this increase has been interrupted for a short period due to the corona virus, it is estimated that the Romanian construction and elevator investments will resume after the pandemic process.