India Elevator & Escalator Market to Post 8.1% CAGR to 2023, Expects 6Wresearch in Its New Research Study Available at MarketPublishers.com15 Feb 2017 • by Natalie Aster
LONDON – Nowadays, growth in India’s market for elevators and escalators is propelled by a slew of favourable factors, with the continuous construction of skyscrapers coupled with enhancing government expenditures on infrastructure development being the key ones.
The domestic elevator and escalator market is set to keep on following an upward trend, growing at an 8.1% CAGR from 2017 up till 2023. The elevator segment dominates the total market. This segment possesses the mammoth market share. Residential and retail sectors are the main end-use sectors of elevators and escalators in the country. Nowadays, the moving sidewalk category is gaining traction at a fast rate.
The cutting-edge research report prepared by 6Wresearch, “India Elevator & Escalator Market (2017-2023)”, offers an insightful guide to India’s market for elevators and escalators. The publication comprises relevant information on the market landscape and the market sub-segments, key application sector and state of the main regional markets. The unrivalled and thorough analysis of the ongoing and future market trends, opportunities and high growth areas is provided here. Moreover, the report highlights the main market drivers and restraints, and also covers the market dynamics. Historical data on the market performance from 2014 till 2016 and future forecast for the market up to 2023 are also provided here. Moreover, the report thoroughly analyses the competitive scenario and additionally offers profiles of the main companies active in the market.