India Elevator Market - Industry Trends and Forecast to 2029
India elevator market is projected to register a CAGR of 4.5% in the forecast period of 2022 to 2029.The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.
Market Segmentation
India Elevator Market, By Product (Passenger Elevator, And Freight Elevator), Technology (Machine Room-Less (MRL)Traction, Hydraulic Elevator, Traction Elevator, And Pneumatic Elevator ), Deck (Single Deck, And Double Deck), Capacity (450KG-1150 KG, 1150-1500 KG, 1500-2000 KG, 2000-3000 KG, And Above 3000 KG), Destination Control (Smart, Conventional), Application (Commercial, Residential, Industrial, Institutional, And Medical)– Industry Trends And Forecast To 2029
Some of the major factors contributing to the growth of the market are:
• Increased usage of energy-efficient elevator
• Rapid urbanization & urban commercial construction
Market Players
Some of the major players operating in the India elevator market are:
• FUJITEC CO., LTD
• Hyundai Elevator Ltd
• Sigma Gearless Pvt. Ltd
• TK Elevator
• Mitsubishi Elevator India Pvt Ltd
• Schindler
• KONE Elevator India Private Limited
• Hitachi, Ltd
• OTIS
• TOSHIBA CORPORATIONCompanies
• FUJITEC CO., LTD
• Hyundai Elevator Ltd
• Sigma Gearless Pvt. Ltd
• TK Elevator
• Mitsubishi Elevator India Pvt Ltd
• Schindler
• KONE Elevator India Private Limited
• Hitachi, Ltd
• OTIS
• TOSHIBA CORPORATION
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