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Elevator and Escalator Market in India 2025-2029

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    Report

  • 147 Pages
  • January 2025
  • Region: India
  • TechNavio
  • ID: 5005595
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The elevator and escalator market in india is forecasted to grow by $ 955.2 million during 2024-2029, accelerating at a CAGR of 10.8% % 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.

The 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
A robust vendor analysis within the report 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

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 Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India: Year-over-year growth 2024-2029 (%)
Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Elevator And Escalator Market in India 2019 - 2023
Historic Market Size - Data Table on Elevator And Escalator Market in India 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI in the Elevator and Escalator Market in India
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Elevator - Market size and forecast 2024-2029
Chart on Elevator - Market size and forecast 2024-2029 ($ million)
Data Table on Elevator - Market size and forecast 2024-2029 ($ million)
Chart on Elevator - Year-over-year growth 2024-2029 (%)
Data Table on Elevator - Year-over-year growth 2024-2029 (%)
8.4 Escalator - Market size and forecast 2024-2029
Chart on Escalator - Market size and forecast 2024-2029 ($ million)
Data Table on Escalator - Market size and forecast 2024-2029 ($ million)
Chart on Escalator - Year-over-year growth 2024-2029 (%)
Data Table on Escalator - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ million)
Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.4 Non-residential - Market size and forecast 2024-2029
Chart on Non-residential - Market size and forecast 2024-2029 ($ million)
Data Table on Non-residential - Market size and forecast 2024-2029 ($ million)
Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 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
SWOT
13.5 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
SWOT
13.6 City lift India Ltd.
City lift India Ltd. - Overview
City lift India Ltd. - Product / Service
City lift India Ltd. - Key offerings
SWOT
13.7 Easa Elevators Pvt. Ltd.
Easa Elevators Pvt. Ltd. - Overview
Easa Elevators Pvt. Ltd. - Product / Service
Easa Elevators Pvt. Ltd. - Key offerings
SWOT
13.8 ESCON Elevators Pvt. Ltd.
ESCON Elevators Pvt. Ltd. - Overview
ESCON Elevators Pvt. Ltd. - Product / Service
ESCON Elevators Pvt. Ltd. - Key offerings
SWOT
13.9 Express Lifts Ltd.
Express Lifts Ltd. - Overview
Express Lifts Ltd. - Product / Service
Express Lifts Ltd. - Key offerings
SWOT
13.10 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
SWOT
13.11 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT
13.12 Johnson Lifts Pvt. Ltd.
Johnson Lifts Pvt. Ltd. - Overview
Johnson Lifts Pvt. Ltd. - Product / Service
Johnson Lifts Pvt. Ltd. - Key offerings
SWOT
13.13 KONE Corp.
KONE Corp. - Overview
KONE Corp. - Product / Service
KONE Corp. - Key news
KONE Corp. - Key offerings
SWOT
13.14 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
SWOT
13.15 Otis Worldwide Corp.
Otis Worldwide Corp. - Overview
Otis Worldwide Corp. - Business segments
Otis Worldwide Corp. - Key offerings
Otis Worldwide Corp. - Segment focus
SWOT
13.16 Schindler Holding Ltd.
Schindler Holding Ltd. - Overview
Schindler Holding Ltd. - Product / Service
Schindler Holding Ltd. - Key offerings
SWOT
13.17 thyssenkrupp AG
thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
SWOT
13.18 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 18: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 19: Chart on India: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on India: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Elevator And Escalator Market in India 2019 - 2023 ($ million)
Exhibits 22: Historic Market Size - Product Segment 2019 - 2023 ($ million)
Exhibits 23: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Product - Market share 2024-2029 (%)
Exhibits 32: Data Table on Product - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Product
Exhibits 34: Data Table on Comparison by Product
Exhibits 35: Chart on Elevator - Market size and forecast 2024-2029 ($ million)
Exhibits 36: Data Table on Elevator - Market size and forecast 2024-2029 ($ million)
Exhibits 37: Chart on Elevator - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Elevator - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Escalator - Market size and forecast 2024-2029 ($ million)
Exhibits 40: Data Table on Escalator - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Chart on Escalator - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Escalator - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Product ($ million)
Exhibits 44: Data Table on Market opportunity by Product ($ million)
Exhibits 45: Chart on End-user - Market share 2024-2029 (%)
Exhibits 46: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 51: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Non-residential - Market size and forecast 2024-2029 ($ million)
Exhibits 54: Data Table on Non-residential - Market size and forecast 2024-2029 ($ million)
Exhibits 55: Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 57: Market opportunity by End-user ($ million)
Exhibits 58: Data Table on Market opportunity by End-user ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2024 and 2029
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Company ranking index
Exhibits 66: Matrix on companies position and classification
Exhibits 67: Beacon Elevator Co. Pvt. Ltd. - Overview
Exhibits 68: Beacon Elevator Co. Pvt. Ltd. - Product / Service
Exhibits 69: Beacon Elevator Co. Pvt. Ltd. - Key offerings
Exhibits 70: SWOT
Exhibits 71: Blue Star Elevators India Ltd. - Overview
Exhibits 72: Blue Star Elevators India Ltd. - Product / Service
Exhibits 73: Blue Star Elevators India Ltd. - Key offerings
Exhibits 74: SWOT
Exhibits 75: City lift India Ltd. - Overview
Exhibits 76: City lift India Ltd. - Product / Service
Exhibits 77: City lift India Ltd. - Key offerings
Exhibits 78: SWOT
Exhibits 79: Easa Elevators Pvt. Ltd. - Overview
Exhibits 80: Easa Elevators Pvt. Ltd. - Product / Service
Exhibits 81: Easa Elevators Pvt. Ltd. - Key offerings
Exhibits 82: SWOT
Exhibits 83: ESCON Elevators Pvt. Ltd. - Overview
Exhibits 84: ESCON Elevators Pvt. Ltd. - Product / Service
Exhibits 85: ESCON Elevators Pvt. Ltd. - Key offerings
Exhibits 86: SWOT
Exhibits 87: Express Lifts Ltd. - Overview
Exhibits 88: Express Lifts Ltd. - Product / Service
Exhibits 89: Express Lifts Ltd. - Key offerings
Exhibits 90: SWOT
Exhibits 91: Fujitec Co. Ltd. - Overview
Exhibits 92: Fujitec Co. Ltd. - Business segments
Exhibits 93: Fujitec Co. Ltd. - Key news
Exhibits 94: Fujitec Co. Ltd. - Key offerings
Exhibits 95: Fujitec Co. Ltd. - Segment focus
Exhibits 96: SWOT
Exhibits 97: Hitachi Ltd. - Overview
Exhibits 98: Hitachi Ltd. - Business segments
Exhibits 99: Hitachi Ltd. - Key news
Exhibits 100: Hitachi Ltd. - Key offerings
Exhibits 101: Hitachi Ltd. - Segment focus
Exhibits 102: SWOT
Exhibits 103: Johnson Lifts Pvt. Ltd. - Overview
Exhibits 104: Johnson Lifts Pvt. Ltd. - Product / Service
Exhibits 105: Johnson Lifts Pvt. Ltd. - Key offerings
Exhibits 106: SWOT
Exhibits 107: KONE Corp. - Overview
Exhibits 108: KONE Corp. - Product / Service
Exhibits 109: KONE Corp. - Key news
Exhibits 110: KONE Corp. - Key offerings
Exhibits 111: SWOT
Exhibits 112: Mitsubishi Electric Corp. - Overview
Exhibits 113: Mitsubishi Electric Corp. - Business segments
Exhibits 114: Mitsubishi Electric Corp. - Key offerings
Exhibits 115: Mitsubishi Electric Corp. - Segment focus
Exhibits 116: SWOT
Exhibits 117: Otis Worldwide Corp. - Overview
Exhibits 118: Otis Worldwide Corp. - Business segments
Exhibits 119: Otis Worldwide Corp. - Key offerings
Exhibits 120: Otis Worldwide Corp. - Segment focus
Exhibits 121: SWOT
Exhibits 122: Schindler Holding Ltd. - Overview
Exhibits 123: Schindler Holding Ltd. - Product / Service
Exhibits 124: Schindler Holding Ltd. - Key offerings
Exhibits 125: SWOT
Exhibits 126: thyssenkrupp AG - Overview
Exhibits 127: thyssenkrupp AG - Business segments
Exhibits 128: thyssenkrupp AG - Key news
Exhibits 129: thyssenkrupp AG - Key offerings
Exhibits 130: thyssenkrupp AG - Segment focus
Exhibits 131: SWOT
Exhibits 132: Toshiba Corp. - Overview
Exhibits 133: Toshiba Corp. - Business segments
Exhibits 134: Toshiba Corp. - Key news
Exhibits 135: Toshiba Corp. - Key offerings
Exhibits 136: Toshiba Corp. - Segment focus
Exhibits 137: SWOT
Exhibits 138: Inclusions checklist
Exhibits 139: Exclusions checklist
Exhibits 140: Currency conversion rates for US$
Exhibits 141: Research methodology
Exhibits 142: Information sources
Exhibits 143: Data validation
Exhibits 144: Validation techniques employed for market sizing
Exhibits 145: Data synthesis
Exhibits 146: 360 degree market analysis
Exhibits 147: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global elevator and escalator market in india: 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..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising demand for customization in elevators."

According to the report, one of the major drivers for this market is the growing number of high-speed metro projects.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.
  • TRIO Elevators Co. India Pvt. Ltd.