India continues to remain one of the most promising markets for elevators. In 2016, the Indian elevator & escalator market was worth nearly INR 110 billion. Rapid urbanization coupled with increasing number of skyscrapers across India has provided an impetus to the elevator & escalator market in India. The market is forecast to grow at a CAGR of 8.9% between 2016 and 2021.
The analysis includes an overview of the industry, demand forecasts, key drivers and trends, new capacity and expansion, trends in the components and maintenance and modernization market, technological aspects, profiles of select major players, important trends and an understanding of the regulatory issues. The market and forecast is broken out by region, type, capacity, speed, stops, MR/MRL, end-user segments. The current report will focus on 35 cities, cover trends and growth in high rise buildings, and provide an economic and demographic profile of India.
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