Elevator And Escalator Market In India 2024-2028

Elevator And Escalator Market In India 2024-2028


The elevator and escalator market in India is forecasted to grow by USD 913.2 mn during 2023-2028, accelerating at a CAGR of 9.45% during the forecast period. The report on the elevator and escalator market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of high-speed metro projects, rising disposable income and economic growth, and growing number of office spaces and commercial establishments.

Technavio's elevator and escalator market in India is segmented as below:

By Product
  • Elevator
  • Escalator
By End-user
  • Residential
  • Non-residential
By Geographical Landscape
  • APAC
This study identifies the rising demand for customization in elevators as one of the prime reasons driving the elevator and escalator market in India growth during the next few years. Also, evolution of smart elevators and rising demand for energy-efficient elevators will lead to sizable demand in the market.

The report on the elevator and escalator market in India covers the following areas:
  • Elevator and escalator market in India sizing
  • Elevator and escalator market in India forecast
  • Elevator and escalator market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in India vendors that include Beacon Elevator Co. Pvt. Ltd., Blue Star Elevators India Ltd., City lift India Ltd., Easa Elevators Pvt. Ltd., ESCON Elevators Pvt. Ltd., Express Lifts Ltd., Fujitec Co. Ltd., Grj Elevator Pvt. Ltd., Hitachi Ltd., Johnson Lifts Pvt. Ltd., Kinetic Hyundai Elevator and Movement Technologies Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., RP Bidyut Elevator, Schindler Holding Ltd., SEPL India Ltd., thyssenkrupp AG, Toshiba Corp., and TRIO Elevators Co. India Pvt. Ltd.. Also, the elevator and escalator market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India: Year-over-year growth 2023-2028 (%)
Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Elevator And Escalator Market in India 2018 - 2022
Historic Market Size - Data Table on Elevator And Escalator Market in India 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Elevator - Market size and forecast 2023-2028
Chart on Elevator - Market size and forecast 2023-2028 ($ million)
Data Table on Elevator - Market size and forecast 2023-2028 ($ million)
Chart on Elevator - Year-over-year growth 2023-2028 (%)
Data Table on Elevator - Year-over-year growth 2023-2028 (%)
6.4 Escalator - Market size and forecast 2023-2028
Chart on Escalator - Market size and forecast 2023-2028 ($ million)
Data Table on Escalator - Market size and forecast 2023-2028 ($ million)
Chart on Escalator - Year-over-year growth 2023-2028 (%)
Data Table on Escalator - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.4 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Beacon Elevator Co. Pvt. Ltd.
Beacon Elevator Co. Pvt. Ltd. - Overview
Beacon Elevator Co. Pvt. Ltd. - Product / Service
Beacon Elevator Co. Pvt. Ltd. - Key offerings
11.4 Blue Star Elevators India Ltd.
Blue Star Elevators India Ltd. - Overview
Blue Star Elevators India Ltd. - Product / Service
Blue Star Elevators India Ltd. - Key offerings
11.5 City lift India Ltd.
City lift India Ltd. - Overview
City lift India Ltd. - Product / Service
City lift India Ltd. - Key offerings
11.6 Easa Elevators Pvt. Ltd.
Easa Elevators Pvt. Ltd. - Overview
Easa Elevators Pvt. Ltd. - Product / Service
Easa Elevators Pvt. Ltd. - Key offerings
11.7 ESCON Elevators Pvt. Ltd.
ESCON Elevators Pvt. Ltd. - Overview
ESCON Elevators Pvt. Ltd. - Product / Service
ESCON Elevators Pvt. Ltd. - Key offerings
11.8 Express Lifts Ltd.
Express Lifts Ltd. - Overview
Express Lifts Ltd. - Product / Service
Express Lifts Ltd. - Key offerings
11.9 Fujitec Co. Ltd.
Fujitec Co. Ltd. - Overview
Fujitec Co. Ltd. - Business segments
Fujitec Co. Ltd. - Key news
Fujitec Co. Ltd. - Key offerings
Fujitec Co. Ltd. - Segment focus
11.10 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
11.11 Johnson Lifts Pvt. Ltd.
Johnson Lifts Pvt. Ltd. - Overview
Johnson Lifts Pvt. Ltd. - Product / Service
Johnson Lifts Pvt. Ltd. - Key offerings
11.12 KONE Corp.
KONE Corp. - Overview
KONE Corp. - Product / Service
KONE Corp. - Key news
KONE Corp. - Key offerings
11.13 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key news
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
11.14 Otis Worldwide Corp.
Otis Worldwide Corp. - Overview
Otis Worldwide Corp. - Business segments
Otis Worldwide Corp. - Key offerings
Otis Worldwide Corp. - Segment focus
11.15 Schindler Holding Ltd.
Schindler Holding Ltd. - Overview
Schindler Holding Ltd. - Product / Service
Schindler Holding Ltd. - Key offerings
11.16 thyssenkrupp AG
thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
11.17 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Product
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Elevator And Escalator Market in India 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Product - Market share 2023-2028 (%)
Exhibits28: Data Table on Product - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Product
Exhibits30: Data Table on Comparison by Product
Exhibits31: Chart on Elevator - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Elevator - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Elevator - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Elevator - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Escalator - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Escalator - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Escalator - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Escalator - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Product ($ million)
Exhibits40: Data Table on Market opportunity by Product ($ million)
Exhibits41: Chart on End-user - Market share 2023-2028 (%)
Exhibits42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by End-user
Exhibits44: Data Table on Comparison by End-user
Exhibits45: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits46: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits47: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by End-user ($ million)
Exhibits54: Data Table on Market opportunity by End-user ($ million)
Exhibits55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits56: Impact of drivers and challenges in 2023 and 2028
Exhibits57: Overview on criticality of inputs and factors of differentiation
Exhibits58: Overview on factors of disruption
Exhibits59: Impact of key risks on business
Exhibits60: Companies covered
Exhibits61: Matrix on companies position and classification
Exhibits62: Beacon Elevator Co. Pvt. Ltd. - Overview
Exhibits63: Beacon Elevator Co. Pvt. Ltd. - Product / Service
Exhibits64: Beacon Elevator Co. Pvt. Ltd. - Key offerings
Exhibits65: Blue Star Elevators India Ltd. - Overview
Exhibits66: Blue Star Elevators India Ltd. - Product / Service
Exhibits67: Blue Star Elevators India Ltd. - Key offerings
Exhibits68: City lift India Ltd. - Overview
Exhibits69: City lift India Ltd. - Product / Service
Exhibits70: City lift India Ltd. - Key offerings
Exhibits71: Easa Elevators Pvt. Ltd. - Overview
Exhibits72: Easa Elevators Pvt. Ltd. - Product / Service
Exhibits73: Easa Elevators Pvt. Ltd. - Key offerings
Exhibits74: ESCON Elevators Pvt. Ltd. - Overview
Exhibits75: ESCON Elevators Pvt. Ltd. - Product / Service
Exhibits76: ESCON Elevators Pvt. Ltd. - Key offerings
Exhibits77: Express Lifts Ltd. - Overview
Exhibits78: Express Lifts Ltd. - Product / Service
Exhibits79: Express Lifts Ltd. - Key offerings
Exhibits80: Fujitec Co. Ltd. - Overview
Exhibits81: Fujitec Co. Ltd. - Business segments
Exhibits82: Fujitec Co. Ltd. - Key news
Exhibits83: Fujitec Co. Ltd. - Key offerings
Exhibits84: Fujitec Co. Ltd. - Segment focus
Exhibits85: Hitachi Ltd. - Overview
Exhibits86: Hitachi Ltd. - Business segments
Exhibits87: Hitachi Ltd. - Key news
Exhibits88: Hitachi Ltd. - Key offerings
Exhibits89: Hitachi Ltd. - Segment focus
Exhibits90: Johnson Lifts Pvt. Ltd. - Overview
Exhibits91: Johnson Lifts Pvt. Ltd. - Product / Service
Exhibits92: Johnson Lifts Pvt. Ltd. - Key offerings
Exhibits93: KONE Corp. - Overview
Exhibits94: KONE Corp. - Product / Service
Exhibits95: KONE Corp. - Key news
Exhibits96: KONE Corp. - Key offerings
Exhibits97: Mitsubishi Electric Corp. - Overview
Exhibits98: Mitsubishi Electric Corp. - Business segments
Exhibits99: Mitsubishi Electric Corp. - Key news
Exhibits100: Mitsubishi Electric Corp. - Key offerings
Exhibits101: Mitsubishi Electric Corp. - Segment focus
Exhibits102: Otis Worldwide Corp. - Overview
Exhibits103: Otis Worldwide Corp. - Business segments
Exhibits104: Otis Worldwide Corp. - Key offerings
Exhibits105: Otis Worldwide Corp. - Segment focus
Exhibits106: Schindler Holding Ltd. - Overview
Exhibits107: Schindler Holding Ltd. - Product / Service
Exhibits108: Schindler Holding Ltd. - Key offerings
Exhibits109: thyssenkrupp AG - Overview
Exhibits110: thyssenkrupp AG - Business segments
Exhibits111: thyssenkrupp AG - Key news
Exhibits112: thyssenkrupp AG - Key offerings
Exhibits113: thyssenkrupp AG - Segment focus
Exhibits114: Toshiba Corp. - Overview
Exhibits115: Toshiba Corp. - Business segments
Exhibits116: Toshiba Corp. - Key news
Exhibits117: Toshiba Corp. - Key offerings
Exhibits118: Toshiba Corp. - Segment focus
Exhibits119: Inclusions checklist
Exhibits120: Exclusions checklist
Exhibits121: Currency conversion rates for US$
Exhibits122: Research methodology
Exhibits123: Information sources
Exhibits124: Data validation
Exhibits125: Validation techniques employed for market sizing
Exhibits126: Data synthesis
Exhibits127: 360 degree market analysis
Exhibits128: List of abbreviations

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