Estimating the number of lifts in the US
Question
How many elevators would you guess are installed across the United States? Explain your estimate.
Short answer
Somewhere around 1 million. Split by building type: tall residential blocks (say buildings with an average of – lifts), office and commercial buildings ( with each), hospitals, hotels and malls (tens of thousands with several each), plus low-rise buildings with a single lift for access. Summing gives several hundred thousand to about a million; published industry figures are close to –.
Adapted from Crack, Heard on the Street, Q5.5.8, p.55; question and answer rewritten by SelfMadeQuant.com.
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