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Elevator and Escalator Market in India - Industry Analysis 2015-2019

Elevator and Escalator Market in India - Industry Analysis 2015-2019

About elevators and escalators

Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others. They are also installed in public places to improve vehicle parking management.

Technavio's analysts forecast the elevator and escalator market in India to grow at a CAGR of 15.12%, in terms of newly installed units, over the period 2014-2019.

Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the elevator and escalator market in India for the period 2015-2019. To calculate the market size, the report considers the number of new elevator and escalator units installed in the country. Also, the report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in India and the challenges faced by the vendors and the market at large, as well as the key trends in the market.Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • Johnson Lifts
  • KONE India
  • Mitsubishi Elevator India
  • Otis India
  • Schindler Elevators India
Other prominent vendors
  • Express Lifts
  • Hitachi Lift India
  • Kinetic Hyundai Elevator
  • ThyssenKrupp Elevator
Market driver
  • Widespread growth of construction market
  • For a full, detailed list, view our report
Market challenge
  • Shortage of skilled labor
  • For a full, detailed list, view our report
Market trend
  • Adoption of green elevators and escalators
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Elevators and Escalators Market in India 2015-2019

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in India: Johnson Lifts, Kone India, Mitsubishi Elevator India, Otis India, Schindler Elevators India, and ThyssenKrupp Elevators India.

Other Prominent Vendors in the market are: ThyssenKrupp Elevator, Kinetic Hyundai Elevator, Hitachi Lift India, and Express Lifts.

Commenting on the report, an analyst from Technavio’s team said: “The Government of India has plans to construct more than 100 smart cities in the country under the Make in India initiative, for which the government has planned an investment of $1 trillion by 2020.”

According to the report, the construction market in India is witnessing a growing demand for elevators and excavators due to a number of new airports, rapid transit systems, and railway station revamping projects that are scheduled to be completed during the forecast period.

Further, the report states that training of manpower is a major constraint on the profitability of the leading manufacturers of this market in India.

Companies Mentioned

Johnson Lifts, Kone India, Mitsubishi Elevator India, Otis India, Schindler Elevators India,ThyssenKrupp Elevators India, ThyssenKrupp Elevator, Kinetic Hyundai Elevator, Hitachi Lift India, Express Lifts.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Country overview
    • Table India economic snapshot
    • Construction market in India
      • Table Segmentation of construction market in India by sector 2014
  • Industry overview
    • Elevator and escalator overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain of elevators and escalators in India
      • Table Elevator and escalator market in India: Supply chain
    • Key investment opportunities in the elevator and escalator market in India
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Elevator and escalator market in India 2014-2019 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Elevator and escalator market in India: Segmentation by product 2014
      • Table Growth rate comparison for elevators and escalators 2014-2019
    • Elevator market in India
      • Table Elevator market in India 2014-2019 by new units (units)
    • Escalator market in India
      • Table Escalator market in India 2014-2019 (units)
  • Market drivers
    • Widespread growth of the construction market
      • Table Infrastructure projects in India 2014
      • Table Urban population in India 2009-2014 (millions)
      • Table Per capita income in India 2009-2014 ($)
      • Table Savings rate in India 2009-2014 ($)
      • Table List of high-rise projects under construction in India 2014
      • Table List of high-rise projects proposed for construction in India 2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
      • Table Elevators and escalators market in India by vendor share (in terms of new installed units) 2014
    • Other prominent vendors
  • Key vendor analysis
    • Johnson Lifts
    • KONE India
      • Table KONE India: Product segmentation 2014
    • Mitsubishi Elevator India
      • Table Mitsubishi Elevator India: Product segmentation 2014
    • Otis India
      • Table Otis India: Product segmentation 2014
    • Schindler Elevators India
      • Table Schindler Elevators India: Product segmentation 2014
    • ThyssenKrupp Elevators India
      • Table ThyssenKrupp Elevator India: Product segmentation 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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