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PUBLISHER: TechSci Research | PRODUCT CODE: 1221621

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PUBLISHER: TechSci Research | PRODUCT CODE: 1221621

India Elevators Market By Type of Carriage, By Type of Machinery, By Type of Elevator Door, By Weight, By End User, By Value, By End User, By Volume, By Region, Competition Forecast and Opportunities, 2028

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India Elevators Market was valued at USD 1466.28 million in 2022 and is anticipated to project robust growth during the forecast period at a CAGR of 5.82% owing to the high pace of industrialization and increasing construction of skyscrapers etc.

A building's elevator or lift is a device put there to carry, lift, transport, or move people and things from one floor to another. A passenger or item can be transported from one level to another via an elevator in a variety of environments, including residential communities, commercial buildings, malls, hospitals, etc. Elevators can also be used in industrial settings such as factories to move equipment, supplies, and finished goods between levels.

Increasing Demand for MRL (Machine Room Less) Elevators

The benefits of machine room-free elevators include improved energy efficiency, lighter weight and more design options, best use of hoist-way space, etc. The demand for high-speed traction elevators is skyrocketing as there are more and more high-rise office and residential buildings around the nation. For unique customer needs, market participants are launching high-speed, ultra-high-speed, and machine room-less elevators to meet the expanding market demand.

High-Rise Buildings Using UltraRope Technology

The elevator can travel up to a height of around 1,000 meters thanks to the ultra-lightweight hoisting technology known as UltraRope. The demand for UltraRope is rising along with the number of high-rise office and residential structures. For instance, KONE UltraRope gets rid of the drawbacks of current steel ropes such as excessive energy consumption, rope stretch, big moving masses, and downtime brought on by building wobble. As it is made of a carbon fiber core and a special high-friction coating, the KONE UltraRope is incredibly light. This results in an 11% reduction in elevator energy usage.

Energy-saving Regenerative Drives are a New Innovation in Elevator Technology

The usage of equipment with improved energy efficiency is urgently required. Solar-powered elevators have been created by businesses such as Schindler, which save a large amount of energy while drawing power straight from the sun. Due to decreased operating costs and lesser wear and tear, these regenerative drives and eco-efficient solutions also guarantee an extended equipment life.

Market Segmentation

The India Elevators Market is segmented based on type of carriage, type of machinery, type of elevator door, weight, end user, region, and company. Based on the type of carriage, the market is further fragmented into passenger, freight & others. Based on the type of machinery, the market is segmented into traction & hydraulic. Based on the type of elevator door, the market is segmented into automatic & manual. Based on weight, the market is segmented into up to 350 Kg, up to 550 Kg, up to 750 Kg, up to 1150 Kg & more than 1150 Kg. Based on end user, the market is further segmented into residential, commercial, industrial & government institution. The market analysis also studies the regional segmentation, divided among North, South, East, and West.

Company Profiles

KONE Elevator India Private Limited, Johnson Lifts India Private Limited, Schindler India Pvt. Ltd, OTIS Elevator Company (India) Ltd, TK Elevator India Private Limited, Mitsubishi Elevator India Pvt. Ltd, Fujitec India Pvt. Ltd, Escon Pvt. Ltd, Hitachi Lift India Pvt. Ltd, Blue Star Elevator Pvt. Ltd, Express Lift Ltd, Omega Elevators, Eros Elevators Pvt. Ltd. are among the major market players in the India platform that lead the market growth of the India elevators market

Report Scope

In this report, India elevators market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Elevators Market, By Type of Carriage:

  • Passenger
  • Freight
  • Others

India Elevators Market, By Type of Machinery:

  • Traction
  • Hydraulic

India Elevators Market, By Type of Elevator Door:

  • Automatic
  • Manual

India Elevators Market, By Weight:

  • Up to 550kg
  • Up to 350kg
  • Up to 750kg
  • Up to 1150kg
  • More than 1150kg

India Elevators Market, By End User:

  • Residential
  • Commercial
  • Industrial
  • Government Institution

India Elevators Market, By Region:

  • South
  • West
  • North
  • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Elevators Market.

Available Customizations

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Product Code: 7564

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Brand Awareness
  • 4.2. Duration of Usage
  • 4.3. Factors Influencing Purchase Decision
  • 4.4. User Satisfaction
  • 4.5. Elevator Usage Challenges
  • 4.6. Annual Maintenance Contract (AMC) Expectation
  • 4.7. Annual Maintenance Contract (AMC) Challenges

5. Global Elevators Market Overview

6. India Elevators Market Landscape

7. India Elevators Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
    • 7.1.2. By Volume
    • 7.1.3. By New Installation
    • 7.1.4. By Maintenance Service
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type of Carriage (Passenger, Freight & Others)
    • 7.2.2. By Type of Machinery (Traction & Hydraulic)
    • 7.2.3. By Type of Elevator Door (Automatic & Manual)
    • 7.2.4. By Weight (Up to 350Kg, Up to 550Kg, Up to 750Kg, Up to 1150Kg & More than 1150Kg)
    • 7.2.5. By End User (Residential, Commercial, Industrial & Government Institution), By Value
    • 7.2.6. By End User (Residential, Commercial, Industrial & Government Institution), By Volume
    • 7.2.7. By Region
    • 7.2.8. By Cities
    • 7.2.9. By Cities
  • 7.3. Product Market Map
  • 7.4. Import-Export Analysis

8. India Residential Elevators Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
    • 8.1.2. By Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type of Machinery
    • 8.2.2. By Type of Elevator Door
    • 8.2.3. By Weight
    • 8.2.4. By Region

9. India Commercial Elevators Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
    • 9.1.2. By Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type of Machinery
    • 9.2.2. By Type of Elevator Door
    • 9.2.3. By Weight
    • 9.2.4. By Region

10. India Industrial Elevators Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
    • 10.1.2. By Volume
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type of Machinery
    • 10.2.2. By Type of Elevator Door
    • 10.2.3. By Weight
    • 10.2.4. By Region

11. India Government Institution Elevators Market Outlook

  • 11.1. Market Size & Forecast
    • 11.1.1. By Value
    • 11.1.2. By Volume
  • 11.2. Market Share & Forecast
    • 11.2.1. By Type of Machinery
    • 11.2.2. By Type of Elevator Door
    • 11.2.3. By Weight
    • 11.2.4. By Region

12. India Escalators Market Outlook

  • 12.1. Market Size & Forecast
    • 12.1.1. By Value
    • 12.1.2. By Volume
  • 12.2. Market Share & Forecast
    • 12.2.1. By Type of Machinery
    • 12.2.2. By Type of Elevator Door
    • 12.2.3. By Weight
    • 12.2.4. By Region

13. India Elevators and Escalators Annual Maintenance Contract (AMC) Market Outlook

  • 13.1. Market Size & Forecast
    • 13.1.1. By Value
  • 13.2. Market Share & Forecast
    • 13.2.1. By Region
  • 13.3. Pricing Analysis

14. Market Dynamics

  • 14.1. Impact Analysis
  • 14.2. Drivers
  • 14.3. Challenges

15. Market Trends and Developments

16. Policy and Regulatory Framework

17. Impact of COVID-19 on India Elevators and Escalators Market

18. India Economic Profile

19. Competitive Landscape

  • 19.1. Competitive Benchmarking
  • 19.2. Business Models & Strategies
  • 19.3. Company Profile
    • 19.3.1. KONE Elevator India Private Limited
    • 19.3.2. Johnson Lifts India Private Limited
    • 19.3.3. Schindler India Pvt. Ltd.
    • 19.3.4. OTIS Elevator Company (India) Ltd.
    • 19.3.5. TK Elevator India Private Limited
    • 19.3.6. Mitsubishi Elevator India Pvt. Ltd.
    • 19.3.7. Fujitec India Pvt. Ltd.
    • 19.3.8. Escon Pvt Ltd.
    • 19.3.9. Hitachi Lift India Pvt. Ltd.
    • 19.3.10. Blue Star Elevator Pvt. Ltd.
    • 19.3.11. Express Lift Ltd.
    • 19.3.12. Omega Elevators
    • 19.3.13. Eros Elevators Pvt. Ltd.
    • 19.3.14. Orbis Elevators Co Ltd.
    • 19.3.15. Supreme Elevators & Company

20. Strategic Recommendations

Product Code: 7564

List of Figures

  • Figure 1: India Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 2: India Elevators Market Size, By Volume (Units), 2018-2028F
  • Figure 3: India New Installations of Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 4: India Maintenance Services of Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 5: India Elevators Market Share, By Type of Carriage, By Value, 2018-2028F
  • Figure 6: India Elevators Market Share, By Type of Machinery, By Value, 2018-2028F
  • Figure 7: India Elevators Market Share, By Type of Elevator Door, By Value, 2018-2028F
  • Figure 8: India Elevators Market Share, By Weight, By Value, 2018-2028F
  • Figure 9: India Elevators Market Share, By End User, By Value, 2018-2028F
  • Figure 10: India Elevators Market Share, By End User, By Volume, 2018-2028F
  • Figure 11: India Elevators Market Share, By Region, By Value, 2018-2028F
  • Figure 12: India Elevators Market Share, By City, By Value, 2018-2028F
  • Figure 13: India Elevators Market Share, By Company, By Value, 2022
  • Figure 14: India Elevators Market Map, By Type of Carriage, Market Size (USD Million) & Growth Rate (%)
  • Figure 15: India Elevators Market Map, By Type of Machinery, Market Size (USD Million) & Growth Rate (%)
  • Figure 16: India Elevators Market Map, By Type of Elevator Door, Market Size (USD Million) & Growth Rate (%)
  • Figure 17: India Elevators Market Map, By Weight, Market Size (USD Million) & Growth Rate (%)
  • Figure 18: India Elevators Market Map, By End User, Market Size (USD Million) & Growth Rate (%)
  • Figure 19: India Elevators Market Map, By Region, Market Size (USD Million) & Growth Rate (%)
  • Figure 20: India Lifts and Skip Hoists Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842810)
  • Figure 21: India Lifts and Skip Hoists Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842810)
  • Figure 22: India Pneumatic Elevators and Conveyors Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842820)
  • Figure 23: India Pneumatic Elevators and Conveyors Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842820)
  • Figure 24: India Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842831)
  • Figure 25: India Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842831)
  • Figure 26: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842833)
  • Figure 27: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842833)
  • Figure 28: India Other Continuous-Action Elevators and Conveyers for Goods Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842839)
  • Figure 29: India Other Continuous-Action Elevators and Conveyers for Goods Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842839)
  • Figure 30: India Residential Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 31: India Residential Elevators Market Size, By Volume (Units), 2018-2028F
  • Figure 32: India Residential Elevators Market Share, By Type of Machinery, By Value, 2018-2028F
  • Figure 33: India Residential Elevators Market Share, By Type of Elevator Door, By Value, 2018-2028F
  • Figure 34: India Residential Elevators Market Share, By Weight, By Value, 2018-2028F
  • Figure 35: India Residential Elevators Market Share, By Region, By Value, 2018-2028F
  • Figure 36: India Commercial Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 37: India Commercial Elevators Market Size, By Volume (Units), 2018-2028F
  • Figure 38: India Commercial Elevators Market Share, By Type of Machinery, By Value, 2018-2028F
  • Figure 39: India Commercial Elevators Market Share, By Type of Elevator Door, By Value, 2018-2028F
  • Figure 40: India Commercial Elevators Market Share, By Weight, By Value, 2018-2028F
  • Figure 41: India Commercial Elevators Market Share, By Region, By Value, 2018-2028F
  • Figure 42: India Industrial Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 43: India Industrial Elevators Market Size, By Volume (Units), 2018-2028F
  • Figure 44: India Industrial Elevators Market Share, By Type of Machinery, By Value, 2018-2028F
  • Figure 45: India Industrial Elevators Market Share, By Type of Elevator Door, By Value, 2018-2028F
  • Figure 46: India Industrial Elevators Market Share, By Weight, By Value, 2018-2028F
  • Figure 47: India Industrial Elevators Market Share, By Region, By Value, 2018-2028F
  • Figure 48: India Government Institution Elevators Market Size, By Value (USD Million), 2018-2028F
  • Figure 49: India Government Institution Elevators Market Size, By Volume (Units), 2018-2028F
  • Figure 50: India Government Institution Elevators Market Share, By Type of Machinery, By Value, 2018-2028F
  • Figure 51: India Government Institution Elevators Market Share, By Type of Elevator Door, By Value, 2018-2028F
  • Figure 52: India Government Institution Elevators Market Share, By Weight, By Value, 2018-2028F
  • Figure 53: India Government Institution Elevators Market Share, By Region, By Value, 2018-2028F
  • Figure 54: India Escalators Market Size, By Value (USD Million), 2018-2028F
  • Figure 55: India Escalators Market Size, By Volume (Units), 2018-2028F
  • Figure 56: India Escalators Market Share, By End User, By Value, 2018-2028F
  • Figure 57: India Escalators Market Share, By Region, By Value, 2018-2028F
  • Figure 58: India Escalators and Moving Walkways Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842840)
  • Figure 59: India Escalators and Moving Walkways Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2018-2023 (HS Code: 842840)
  • Figure 60: India Elevators Annual Maintenance Contract (AMC) Market Size, By Value (USD Million), 2018-2028F
  • Figure 61: India Elevators Annual Maintenance Contract (AMC) Market Share, By Region, By Value, 2018-2028F
  • Figure 62: India Elevators and Escalators Annual Maintenance Contract Average Selling Price (ASP), By Value, 2018-2028F
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