Authored By: Sarah
27 Jun 2023

Indian Elevator And Escalator Market Analysis 2021-2025: ESCON Elevators Pvt Ltd., Fujitec Co. Ltd., and Hitachi Ltd. are Among the Major Vendors

The elevator and escalator market share in India is expected to post an incremental growth of USD 522.84 million, accelerating at a CAGR of 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report

Indian Elevator And Escalator Market Analysis 2021-2025: ESCON Elevators Pvt Ltd., Fujitec Co. Ltd., and Hitachi Ltd. are Among the Major Vendors

Elevator And Escalator Market In India: Market Segments and Key Trends

The elevator and escalator market in India is segmented by product (elevator and escalator) and end-user (residential and non-residential).

The elevator and escalator market growth in India by the elevator segment will be significant during the forecast period. Due to the increasing technological advances in the elevator segment, market vendors have begun offering innovative elevator designs that are not only cost-effective but also energy-efficient compared with conventional elevators.

The rising demand for customized elevators is the major elevator and escalator market trend in India which will positively influence the market growth.

Elevator And Escalator Market In India: Top Drivers to Boost Demand

The growing number of high-speed metro projects is one of the primary factors driving the elevator and escalator market growth in India. However, the high cost of repair and maintenance will be the major hindrance for the market vendors.

The report provides a detailed study of all the factors likely to boost the market. An understanding of the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Elevator And Escalator Market In India: Market Segmentation

  • Elevator And Escalator Market In India Split by Product
    • Elevator
    • Escalator
  • Elevator And Escalator Market In India Split by End-user
    • Residential
    • Non-residential

Elevator And Escalator Market In India: Vendor Landscape

The market is fragmented due to the presence of several players. Some of the major elevator and escalator market vendors in India are:

  • ESCON Elevators Pvt Ltd.
  • Fujitec Co. Ltd.
  • Hitachi Ltd.
  • Johnson Lifts Pvt. Ltd.
  • KONE Corp.
  • Mitsubishi Electric Corp.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.
  • thyssenkrupp AG
  • Toshiba Corp.

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.

Related Reports in the Elevator and Escalator Market Include:

  • Elevator and Escalator Market in APAC- The elevator and escalator market share in APAC is expected to increase to 104.66 thousand units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.65%.
  • Elevator and Escalator Market in Australia- The elevator and escalator market size in Australia is expected to grow by USD 426.71 million and record a CAGR of 4.03% during 2021-2025.
  • Elevator and Escalator Market in Germany- The elevator and escalator market share in Germany is expected to increase by USD 650 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.77%.
  • Elevator and Escalator Market in the US- The elevator and escalator market in the US share is expected to increase by USD 1.34 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.05%.
  • Elevator and Escalator Services Market in GCC Countries- The elevator and escalator services market size in GCC countries is expected to grow by USD 765.96 million and record a CAGR of 6.73% during 2021-2025

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 9%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 522.84 million.

     
  3. What is a key factor driving this market?
    The growing number of high-speed metro projects will drive market growth over the forecast period.

     
  4. Who are the leading market vendors?
    The leading vendors in this market are ESCON Elevators Pvt Ltd., Fujitec Co. Ltd., Hitachi Ltd., Johnson Lifts Pvt. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., thyssenkrupp AG, and Toshiba Corp.
Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document