India Elevator and Escalator Market 2023-2027

List of Tables

Elevator and Escalator Market in India 2023-2027

Technavio has been monitoring the elevator and escalator market in India and is forecast to grow by $784.24 mn during 2022-2027, accelerating at a CAGR of 8.9% during the forecast period. Our 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 the growing number of high-speed metro projects, rising disposable income and economic growth, and the 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

This study identifies the rising demand for customization in elevators as one of the prime reasons driving the elevator and escalator market growth during the next few years. Also, the evolution of smart elevators and rising demand for energy-efficient elevators will lead to sizable demand in the market.

Technavio 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. Our report on the elevator and escalator market in India covers the following areas:

Elevator and escalator market sizing
Elevator and escalator market forecast
Elevator and escalator market industry analysis

Technavio's 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 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR41568

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Product
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Elevator and escalator market in India 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on Elevator and escalator market in India 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - End-user Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 25: Chart on Product - Market share 2022-2027 (%)
Exhibit 26: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
6.3 Elevator - Market size and forecast 2022-2027
Exhibit 29: Chart on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Elevator - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Elevator - Year-over-year growth 2022-2027 (%)
6.4 Escalator - Market size and forecast 2022-2027
Exhibit 33: Chart on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Escalator - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Escalator - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 37: Market opportunity by Product ($ million)
Exhibit 38: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 41: Chart on Comparison by End-user
Exhibit 42: Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2022-2027
Exhibit 43: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Residential - Year-over-year growth 2022-2027 (%)
7.4 Non-residential - Market size and forecast 2022-2027
Exhibit 47: Chart on Non-residential - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Non-residential - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 51: Market opportunity by End-user ($ million)
Exhibit 52: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 Beacon Elevator Co. Pvt. Ltd.
Exhibit 60: Beacon Elevator Co. Pvt. Ltd. - Overview
Exhibit 61: Beacon Elevator Co. Pvt. Ltd. - Product / Service
Exhibit 62: Beacon Elevator Co. Pvt. Ltd. - Key offerings
11.4 Blue Star Elevators India Ltd.
Exhibit 63: Blue Star Elevators India Ltd. - Overview
Exhibit 64: Blue Star Elevators India Ltd. - Product / Service
Exhibit 65: Blue Star Elevators India Ltd. - Key offerings
11.5 City lift India Ltd.
Exhibit 66: City lift India Ltd. - Overview
Exhibit 67: City lift India Ltd. - Product / Service
Exhibit 68: City lift India Ltd. - Key offerings
11.6 Easa Elevators Pvt. Ltd.
Exhibit 69: Easa Elevators Pvt. Ltd. - Overview
Exhibit 70: Easa Elevators Pvt. Ltd. - Product / Service
Exhibit 71: Easa Elevators Pvt. Ltd. - Key offerings
11.7 ESCON Elevators Pvt. Ltd.
Exhibit 72: ESCON Elevators Pvt. Ltd. - Overview
Exhibit 73: ESCON Elevators Pvt. Ltd. - Product / Service
Exhibit 74: ESCON Elevators Pvt. Ltd. - Key offerings
11.8 Express Lifts Ltd.
Exhibit 75: Express Lifts Ltd. - Overview
Exhibit 76: Express Lifts Ltd. - Product / Service
Exhibit 77: Express Lifts Ltd. - Key offerings
11.9 Fujitec Co. Ltd.
Exhibit 78: Fujitec Co. Ltd. - Overview
Exhibit 79: Fujitec Co. Ltd. - Business segments
Exhibit 80: Fujitec Co. Ltd. - Key offerings
Exhibit 81: Fujitec Co. Ltd. - Segment focus
11.10 Hitachi Ltd.
Exhibit 82: Hitachi Ltd. - Overview
Exhibit 83: Hitachi Ltd. - Business segments
Exhibit 84: Hitachi Ltd. - Key news
Exhibit 85: Hitachi Ltd. - Key offerings
Exhibit 86: Hitachi Ltd. - Segment focus
11.11 Johnson Lifts Pvt. Ltd.
Exhibit 87: Johnson Lifts Pvt. Ltd. - Overview
Exhibit 88: Johnson Lifts Pvt. Ltd. - Product / Service
Exhibit 89: Johnson Lifts Pvt. Ltd. - Key offerings
11.12 KONE Corp.
Exhibit 90: KONE Corp. - Overview
Exhibit 91: KONE Corp. - Product / Service
Exhibit 92: KONE Corp. - Key news
Exhibit 93: KONE Corp. - Key offerings
11.13 Mitsubishi Electric Corp.
Exhibit 94: Mitsubishi Electric Corp. - Overview
Exhibit 95: Mitsubishi Electric Corp. - Business segments
Exhibit 96: Mitsubishi Electric Corp. - Key news
Exhibit 97: Mitsubishi Electric Corp. - Key offerings
Exhibit 98: Mitsubishi Electric Corp. - Segment focus
11.14 Otis Worldwide Corp.
Exhibit 99: Otis Worldwide Corp. - Overview
Exhibit 100: Otis Worldwide Corp. - Business segments
Exhibit 101: Otis Worldwide Corp. - Key news
Exhibit 102: Otis Worldwide Corp. - Key offerings
Exhibit 103: Otis Worldwide Corp. - Segment focus
11.15 Schindler Holding Ltd.
Exhibit 104: Schindler Holding Ltd. - Overview
Exhibit 105: Schindler Holding Ltd. - Product / Service
Exhibit 106: Schindler Holding Ltd. - Key news
Exhibit 107: Schindler Holding Ltd. - Key offerings
11.16 thyssenkrupp AG
Exhibit 108: thyssenkrupp AG - Overview
Exhibit 109: thyssenkrupp AG - Business segments
Exhibit 110: thyssenkrupp AG - Key offerings
Exhibit 111: thyssenkrupp AG - Segment focus
11.17 Toshiba Corp.
Exhibit 112: Toshiba Corp. - Overview
Exhibit 113: Toshiba Corp. - Business segments
Exhibit 114: Toshiba Corp. - Key news
Exhibit 115: Toshiba Corp. - Key offerings
Exhibit 116: Toshiba Corp. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 117: Inclusions checklist
Exhibit 118: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 119: Currency conversion rates for US$
12.4 Research methodology
Exhibit 120: Research methodology
Exhibit 121: Validation techniques employed for market sizing
Exhibit 122: Information sources
12.5 List of abbreviations
Exhibit 123: List of abbreviations