India Elevators Market, By Type of Carriage (Passenger, Freight and Others), By Type of Machinery (Traction and Hydraulic), By Type of Elevator Door (Automatic and Manual), By Weight (Up to 350 kg, Up to 550 kg, Up to 750kg, Up to 1150 kg, More than 1150 kg), By End User (Residential, Commercial, Industrial, Government Institution), By Region, By Company, Competition, Forecast & Opportunities, FY2027F

July 2021 | 158 pages | ID: IEDE81E4B8D2EN
TechSci Research

Abstracts

India Elevators Market stood at USD1351.53 million in FY2021 and is forecast to grow at a CAGR of 5.22% until FY2027, owing to the increasing urbanization, augmented government support, and entrance of foreign players in the market. Moreover, with the growing number of high-rise commercial and residential buildings across the country, the need for high-speed traction elevators is increasing tremendously, which in turn is pushing product demand over the coming years.

India Elevator market can be segmented based on the Type of Carriage, Type of Machinery, Type of Elevator Door, Weight, End User, Region and Company. Based on Type of Carriage, the market can be segmented into Passenger, Freight and Others. Passenger type of carriage is expected to lead the market as these types of lifts are specifically designed to give the passengers a sense of comfort and spaciousness and moreover are highly recommended when it comes to installation in residential and commercial areas.

Based on Type of Machinery, the market can be segmented into Traction and Hydraulic. The market is anticipated to be dominated by the traction sector in the study period owing to their high energy efficiency and faster speed in comparison to hydraulic type of machinery.

Based on Type of Elevator Door the market can be bifurcated into Automatic and Manual. The automatic segment dominates the market and will continue its dominance in the forecast period as well due to high durability and retentive functional life of elevators with automatic doors.

Based on Weight holding capacity, the market can be segmented into Up to 350 kg, Up to 550 kg, Up to 750 kg, Up to 1150 kg, and More than 1150 kg. Up to 550 segment is expected to lead the market in the forecast period because they are highly preferred in residential and commercial sectors and can carry a decent number of passengers, hence saving time.

Based on end user, the market can be apportioned into Residential, Commercial, Industrial and Government Institution. Residential segment is expected to dominate the market in the forecast period as more property owners have started to consider seriously the aesthetical value of their buildings’ elevators in order to ensure that they make the best first impression on visitors and clients.

Some of the players in the India elevators market include KONE Elevator India Private Limited, Johnson Lifts India Private Limited, Schindler India Pvt. Ltd., OTIS Elevator Company (India) Ltd., ThyssenKrupp Elevator (India) Pvt. Ltd., Mitsubishi Elevator India Pvt. Ltd., Fujitec India Pvt. Ltd., Escon Pvt Ltd., Hitachi Lift India Pvt. Ltd, Blue Star Elevator Pvt. Ltd. and others. The companies operating in the market are focusing on expansion and mergers & collaborations to increase their share in the market.

Years considered for this report:

• Historical Years: FY2017-FY2020
• Base Year: FY2021
• Estimated Year: FY2022E
• Forecast Period: FY2023F-FY2027F

Objective of the Study:

• To analyze the historical growth in the market size of India Elevators Market from FY2017 to FY2021.
• To estimate and forecast the market size of the India Elevators Market from FY2022 to FY2027 and growth rate until FY2027.
• To classify and forecast India Elevators Market based on the Type of Carriage, Type of Machinery, Type of Elevator Door, Weight, End User, Region, Company.
• To identify the dominant region or segment in the India Elevators Market.
• To identify drivers and challenges for India Elevators Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Elevators Market.
• To conduct import export analysis for India Elevators Market.
• To identify and analyze the profile of leading players operating in the India Elevators Market.
• To identify key sustainable strategies adopted by market players in the India Elevators Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the country.

TechSci Research calculated the market size of India Elevators Market using a bottom up approach, where data for various applications across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Elevators manufacturers and other stakeholders
• Elevators end user industries
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to elevators market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the 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 Elevators Door:
• Automatic
• Manual
• India Elevators Market, By Weight:
• Up to 350 kg
• Up to 550 kg
• Up to 750 kg
• Up to 1150 kg
• More than 1150 kg
• India Elevators Market, End User:
• Residential
• Commercial
• Industrial
• Government Institution
• India Elevators Market, By Region:
• South
• West
• North
• East
• India Elevators Market, By Cities:
• Mumbai
• Bangalore
• Hyderabad
• Noida
• Chennai
• Gurgaon
• Delhi
• Navi Mumbai
• Pune
• Ahmedabad
• Thane
• Kolkata
• Other Cities

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in 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).

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. Customer Satisfaction
4.5. Elevator 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 Company
7.3. Import-Export Analysis
7.4. Product Market Map

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 End User, By Volume
  12.2.2. By Region
12.3. Import-Export Analysis

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 & DEVELOPMENTS

16. POLICY & REGULATORY FRAMEWORK

17. IMPACT OF COVID-19 ON INDIA ELEVATORS & 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. ThyssenKrupp Elevator (India) Pvt. Ltd.
  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

21. ABOUT US & DISCLAIMER

List Of Figures

LIST OF FIGURES

Figure 1: India Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 2: India Elevators Market Size, By Volume (Units), 2017-2027F
Figure 3: India New Installations of Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 4: India Maintenance Services of Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 5: India Elevators Market Share, By Type of Carriage, By Value, 2017-2027F
Figure 6: India Elevators Market Share, By Type of Machinery, By Value, 2017-2027F
Figure 7: India Elevators Market Share, By Type of Elevator Door, By Value, 2017-2027F
Figure 8: India Elevators Market Share, By Weight, By Value, 2017-2027F
Figure 9: India Elevators Market Share, By End User, By Value, 2017-2027F
Figure 10: India Elevators Market Share, By End User, By Volume, 2017-2027F
Figure 11: India Elevators Market Share, By Region, By Value, 2017-2027F
Figure 12: India Elevators Market Share, By City, By Value, 2017-2027F
Figure 13: India Elevators Market Share, By Company, By Value, 2021
Figure 14: India Lifts and Skip Hoists Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842810)
Figure 15: India Lifts and Skip Hoists Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842810)
Figure 16: India Pneumatic Elevators and Conveyors Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842820)
Figure 17: India Pneumatic Elevators and Conveyors Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842820)
Figure 18: India Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842831)
Figure 19: India Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842831)
Figure 20: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842832)
Figure 21: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842832)
Figure 22: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842833)
Figure 23: India Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842833)
Figure 24: India Other Continuous-Action Elevators and Conveyers for Goods Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842839)
Figure 25: India Other Continuous-Action Elevators and Conveyers for Goods Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842839)
Figure 26: India Elevators Market Map, By Type of Carriage, Market Size (USD Million) & Growth Rate (%)
Figure 27: India Elevators Market Map, By Type of Machinery, Market Size (USD Million) & Growth Rate (%)
Figure 28: India Elevators Market Map, By Type of Elevator Door, Market Size (USD Million) & Growth Rate (%)
Figure 29: India Elevators Market Map, By Weight, Market Size (USD Million) & Growth Rate (%)
Figure 30: India Elevators Market Map, By End User, Market Size (USD Million) & Growth Rate (%)
Figure 31: India Elevators Market Map, By Region, Market Size (USD Million) & Growth Rate (%)
Figure 32: India Residential Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 33: India Residential Elevators Market Size, By Volume (Units), 2017-2027F
Figure 34: India Residential Elevators Market Share, By Type of Machinery, By Value, 2017-2027F
Figure 35: India Residential Elevators Market Share, By Type of Elevator Door, By Value, 2017-2027F
Figure 36: India Residential Elevators Market Share, By Weight, By Value, 2017-2027F
Figure 37: India Residential Elevators Market Share, By Region, By Value, 2017-2027F
Figure 38: India Commercial Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 39: India Commercial Elevators Market Size, By Volume (Units), 2017-2027F
Figure 40: India Commercial Elevators Market Share, By Type of Machinery, By Value, 2017-2027F
Figure 41: India Commercial Elevators Market Share, By Type of Elevator Door, By Value, 2017-2027F
Figure 42: India Commercial Elevators Market Share, By Weight, By Value, 2017-2027F
Figure 43: India Commercial Elevators Market Share, By Region, By Value, 2017-2027F
Figure 44: India Industrial Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 45: India Industrial Elevators Market Size, By Volume (Units), 2017-2027F
Figure 46: India Industrial Elevators Market Share, By Type of Machinery, By Value, 2017-2027F
Figure 47: India Industrial Elevators Market Share, By Type of Elevator Door, By Value, 2017-2027F
Figure 48: India Industrial Elevators Market Share, By Weight, By Value, 2017-2027F
Figure 49: India Industrial Elevators Market Share, By Region, By Value, 2017-2027F
Figure 50: India Government Institution Elevators Market Size, By Value (USD Million), 2017-2027F
Figure 51: India Government Institution Elevators Market Size, By Volume (Units), 2017-2027F
Figure 52: India Government Institution Elevators Market Share, By Type of Machinery, By Value, 2017-2027F
Figure 53: India Government Institution Elevators Market Share, By Type of Elevator Door, By Value, 2017-2027F
Figure 54: India Government Institution Elevators Market Share, By Weight, By Value, 2017-2027F
Figure 55: India Government Institution Elevators Market Share, By Region, By Value, 2017-2027F
Figure 56: India Escalators Market Size, By Value (USD Million), 2017-2027F
Figure 57: India Escalators Market Size, By Volume (Units), 2017-2027F
Figure 58: India Escalators Market Share, By End User, By Volume, 2017-2027F
Figure 59: India Escalators Market Share, By Region, By Value, 2017-2027F
Figure 60: India Escalators and Moving Walkways Import Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842840)
Figure 61: India Escalators and Moving Walkways Export Scenario, By Value (USD Million) & By Volume (Thousand Units), 2017-2021 (HS Code: 842840)
Figure 62: India Parts of Lifts, Skip Hoists/Escalators Import Scenario, By Value (USD Million) & By Volume (Thousand Tons), 2017-2021 (HS Code: 843131)
Figure 63: India Parts of Lifts, Skip Hoists/Escalators Export Scenario, By Value (USD Million) & By Volume (Thousand Tons), 2017-2021 (HS Code: 843131)
Figure 64: India Elevators & Escalators Annual Maintenance Contract (AMC) Market Size, By Value (USD Million), 2017-2027F
Figure 65: Infrastructure Investment in India, During 2008-12, 2013-17 and 2018-2022F (USD Million)
Figure 66: India Elevators & Escalators Annual Maintenance Contract (AMC) Market Share, By Region, By Value, 2017-2027F
Figure 67: India Elevators and Escalators Annual Maintenance Contract Average Selling Price (ASP), By Value, 2017-2027F