MRO Magazine

Research and Markets: India Elevator and Escalator Market Analysis 2015-2019 with Johnson Lifts, KONE, Mitsubishi Elevator & Otis Dominating

October 30, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Elevator and Escalator Market in India – Industry Analysis 2015-2019” report to their offering.

The elevator and escalator market in India to grow at a CAGR of 15.12%, in terms of newly installed units, over the period 2014-2019.

In this report, the author the present scenario and growth prospects of the elevator and escalator market in India for the period 2015-2019. To calculate the market size, the report considers the number of new elevator and escalator units installed in the country. Also, the report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in India and the challenges faced by the vendors and the market at large, as well as the key trends in the market.

The Government of India has plans to construct more than 100 smart cities in the country under the Make in India initiative, for which the government has planned an investment of $1 trillion by 2020.

According to the report, the construction market in India is witnessing a growing demand for elevators and excavators due to a number of new airports, rapid transit systems, and railway station revamping projects that are scheduled to be completed during the forecast period.

Further, the report states that training of manpower is a major constraint on the profitability of the leading manufacturers of this market in India.

Key customer segments:

  • Commercial customers
  • Non-commercial customers

Key vendors:

  • Johnson Lifts
  • KONE India
  • Mitsubishi Elevator India
  • Otis India

Schindler Elevators India:

  • Other prominent vendors
  • Express Lifts
  • Hitachi Lift India
  • Kinetic Hyundai Elevator
  • ThyssenKrupp Elevator

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Country overview

Part 06: Industry overview

Part 07: Market landscape

Part 08: Market segmentation by product

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Elevators and Escalators