Press release
India Elevator Market to reach USD 1517.66 Mn by 2027, emerging at a CAGR of 7.21 percent and forecast (2022-2027)
India Elevator Market
India Elevator Market Report Scope and Research Methodology
The India Elevator Market report also offers insights into trends by market segments, technology, and investment, along with a competitive landscape. India is the second-largest market for elevators and escalators after China. Organized companies like KONE, Schindler, Johnson, and OTIS, which account for a largest share in the Rs 10,000-crore elevators market in India, are all poised to invest projected Rs 700-800 crore to increase their respective manufacturing abilities.
The report provides a detailed view of the India Elevator Market, including PORTER, PESTEL analysis, and the potential impact of the COVID-19 pandemic on the market.
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India Elevator Market Dynamics
KONE India, the Indian arm of the Finland-based global elevator engineering & service company, currently the market leader with a little over 20 % market share, has just ordered the construction of its 2nd manufacturing plant at Oragadam, Chennai. Another Chennai-based elevator manufacturer Johnson Lifts, the 2nd largest competitor after KONE India, also recently announced a heavy-duty escalator manufacturing facility at Oragadam, Chennai with an initial investment of Rs 100 crore.
Schindler India is investing Rs 170 crore to increase its manufacturing services by setting up India's 1st escalator manufacturing line near Chakan, Pune. India's oldest lift manufacturer OTIS recently expanded its engineering line in Bengaluru with an investment of about Rs 100 crore. More investments are in the pipeline.
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India Elevator Market Regional Insights
The report also highlights that the central government's drive to cheap housing, coupled with the time-bound distribution of residential & commercial schemes, especially through realty hotspots like Mumbai, Pune, Hyderabad, Bengaluru, Chennai, Kolkata, and Ahmedabad, will drive the demand for elevators. The ongoing metro developments through Delhi, Nagpur, Chennai, Bengaluru, Lucknow, Hyderabad, and a few more cities will also drive the demand for elevators as both are part of the new day metro station infrastructure. The demand for high-speed elevators is growing. Innovations in look and feel are also big differentiators. Repairing & maintenance is a vital factors for consumers. Together, manufacturers are gearing up to supply a big surge in the demand for elevators.
India Elevator Market Segmentation
By Type:
• Passenger
• Freight
• Others
By End User;
• Residential
• Commercial
• Government Institutions
• Industrial
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India Elevator Market Key Competitors include:
• Bidyut Elevators
• Bharat Bijlee Limited
• Bengal Lift Maintenance Co
• Beacon Elevator Company Private Ltd
• Axis Elevator
• Mitsubishi electric.
• Schindler elevator.
• Otis elevator.
• Hitachi.
• Kinetic Hyundai.
• ESCON elevators.
• Expedite automation LLP.
• ThyssenKrupp elevator India.
• Fujitec India
• Omega Elevators
• Express lifts Ltd.
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Table of Content for India Elevator Market
Global India Elevator Market: Research Methodology
Global India Elevator Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global India Elevator Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global India Elevator Market Segmentation
Global Market, by Type (2021-2027)
Global Market, by End User (2021-2027)
Regional India Elevator Market (2021-2027)
Regional Market, by Type (2021-2027)
Regional Market, by End User (2021-2027)
Regional Market, by Country (2021-2027)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2027
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type and End User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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