Abstract
Summary
India elevator market is projected to register a CAGR of 4.5% in the forecast period of 2022 to 2029.The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.
Market Segmentation:
India Elevator Market, By Product (Passenger Elevator, And Freight Elevator), Technology (Machine Room-Less (MRL)Traction, Hydraulic Elevator, Traction Elevator, And Pneumatic Elevator ), Deck (Single Deck, And Double Deck), Capacity (450KG-1150 KG, 1150-1500 KG, 1500-2000 KG, 2000-3000 KG, And Above 3000 KG), Destination Control (Smart, Conventional), Application (Commercial, Residential, Industrial, Institutional, And Medical)– Industry Trends And Forecast To 2029
Some of the major factors contributing to the growth of the market are:
• Increased usage of energy-efficient elevator
• Rapid urbanization & urban commercial construction
Market Players
Some of the major players operating in the India elevator market are:
• FUJITEC CO., LTD
• Hyundai Elevator Ltd
• Sigma Gearless Pvt. Ltd
• TK Elevator
• Mitsubishi Elevator India Pvt Ltd
• Schindler
• KONE Elevator India Private Limited
• Hitachi, Ltd
• OTIS
• TOSHIBA CORPORATION
Table of Contents
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW OF THE INDIA ELEVATOR MARKET 11
1.4 CURRENCY AND PRICING 12
1.5 LIMITATIONS 13
1.6 MARKETS COVERED 13
2 MARKET SEGMENTATION 17
2.1 MARKETS COVERED 17
2.2 GEOGRAPHICAL SCOPE 18
2.3 YEARS CONSIDERED FOR THE STUDY 19
2.4 DBMR TRIPOD DATA VALIDATION MODEL 20
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.6 DBMR MARKET POSITION GRID 24
2.7 VENDOR SHARE ANALYSIS 25
2.8 MULTIVARIATE MODELING 26
2.9 PRODUCT TIMELINE CURVE 27
2.10 MARKET APPLICATION COVERAGE GRID 28
2.11 SECONDARY SOURCES 29
2.12 ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 32
4.1 CLIMATE CHANGE SCENRAIO 33
4.1.1 ENVIRONMENTAL CONCERNS 33
4.1.2 INDUSTRY RESPONSE 33
4.1.3 GOVERNMENT'S ROLE 33
4.1.4 ANALYST RECOMMENDATIONS 34
4.2 VENDOR SELECTION CRITERIA 35
4.3 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 35
4.4 REGULATION COVERAGE 37
4.5 DBMR ANALYSIS 39
4.5.1 STRENGTH: 39
4.5.2 THREAT: 39
4.5.3 OPPORTUNITY: 39
4.5.4 WEAKNESS: 39
5 MARKET OVERVIEW 41
5.1 DRIVERS 43
5.1.1 INSTALLATION OF ADVANCED IOT TECHNOLOGY-ENABLED ELEVATOR 43
5.1.2 INCREASED USAGE OF ENERGY-EFFICIENT ELEVATOR 43
5.1.3 RAPID URBANIZATION & URBAN COMMERCIAL CONSTRUCTION 43
5.1.4 ESCALATION IN DEMAND FOR ELEVATORS FOR SEAMLESS TRANSPORTATION OF HEAVY LOADS USING NOVEL TECHNOLOGIES 44
5.2 RESTRAINTS 45
5.2.1 STRINGENT REGULATIONS ASSOCIATED WITH ELEVATORS 45
5.3 OPPORTUNITIES 45
5.3.1 MINIMIZATION OF THE CARBON FOOTPRINT USING GREEN-BUILDING MATERIALS 45
5.3.2 GROWTH IN THE FOCUS ON UPGRADING INFRASTRUCTURE OF INDUSTRIAL AND RESIDENTIAL SPACES 46
5.4 CHALLENGES 47
5.4.1 HIGH MAINTENANCE AND INSTALLATION COSTS 47
5.4.2 OVER-THE-TOP DEMAND FOR TOP-NOTCH ASSISTANCE/SKILLED WORKFORCE 47
6 INDIA ELEVATOR MARKET, BY PRODUCT 49
6.1 OVERVIEW 50
6.2 PASSENGER ELEVATOR 51
6.2.1 RESIDENTIAL ELEVATORS 52
6.2.2 OBSERVATION ELEVATORS 52
6.2.3 BED ELEVATORS 52
6.3 FREIGHT ELEVATOR 52
6.3.1 VEHICLE 52
6.3.2 DUMBWAITERS 52
7 INDIA ELEVATOR MARKET, BY TECHNOLOGY 53
7.1 OVERVIEW 54
7.2 MACHINE ROOM-LESS (MRL) TRACTION 55
7.3 HYDRAULIC ELEVATOR 55
7.3.1 DIRECT ACTING HYDRAULIC LIFT 56
7.3.2 SUSPENDED HYDRAULIC LIFT 56
7.4 TRACTION ELEVATOR 56
7.4.1 GEARED 56
7.4.2 GEARLESS 56
7.5 PNEUMATIC ELEVATOR 56
8 INDIA ELEVATOR MARKET, BY DECK 57
8.1 OVERVIEW 58
8.2 SINGLE DECK 59
8.3 DOUBLE DECK 59
9 INDIA ELEVATOR MARKET, BY CAPACITY 60
9.1 OVERVIEW 61
9.2 450KG-1150 KG 62
9.3 1150-1500 KG 63
9.4 1500-2000 KG 63
9.5 2000-3000 KG 63
9.6 ABOVE 3000 KG 63
10 INDIA ELEVATOR MARKET, BY DESTINATION CONTROL 64
10.1 OVERVIEW 65
10.2 SMART 66
10.3 CONVENTIONAL 66
11 INDIA ELEVATOR MARKET, BY APPLICATION 67
11.1 OVERVIEW 68
11.2 COMMERCIAL 69
11.2.1 MACHINE ROOM-LESS (MRL) TRACTION 70
11.2.2 HYDRAULIC ELEVATOR 70
11.2.3 TRACTION ELEVATOR 70
11.2.4 PNEUMATIC ELEVATOR 70
- 11.2.4.1 AIRPORTS 71
- 11.2.4.2 PARKING BUILDINGS 71
- 11.2.4.3 MALLS 71
- 11.2.4.4 HOTELS 71
- 11.2.4.5 RETAIL 71
- 11.2.4.6 HOSPITALS 71
- 11.2.4.7 CORPORATE OFFICES 71
- 11.2.4.8 RAILWAY STATIONS 72
- 11.2.4.9 RESTAURANTS 72
- 11.2.4.10 OTHERS 72
11.3 RESIDENTIAL 72
11.3.1 MACHINE ROOM-LESS (MRL) TRACTION 72
11.3.2 HYDRAULIC ELEVATOR 72
11.3.3 TRACTION ELEVATOR 72
11.3.4 PNEUMATIC ELEVATOR 73
11.4 INDUSTRIAL 73
11.4.1 MACHINE ROOM-LESS (MRL) TRACTION 73
11.4.2 HYDRAULIC ELEVATOR 73
11.4.3 TRACTION ELEVATOR 73
11.4.4 PNEUMATIC ELEVATOR 73
11.5 INSTITUTIONAL 73
11.5.1 SCHOOL 74
11.5.2 COLLEGES & UNIVERSITIES 74
- 11.5.2.1 MACHINE ROOM-LESS (MRL) TRACTION 74
- 11.5.2.2 HYDRAULIC ELEVATOR 74
- 11.5.2.3 TRACTION ELEVATOR 74
- 11.5.2.4 PNEUMATIC ELEVATOR 75
11.6 MEDICAL 75
11.6.1 MACHINE ROOM-LESS (MRL) TRACTION 75
11.6.2 HYDRAULIC ELEVATOR 75
11.6.3 TRACTION ELEVATOR 75
11.6.4 PNEUMATIC ELEVATOR 75
12 SWOT 76
13 INDIA ELEVATOR MARKET: COMPANY LANDSCAPE 77
13.1 COMPANY SHARE ANALYSIS: GERMANY 77
14 COMPANY PROFILES 78
14.1 OTIS 78
14.1.1 COMPANY SNAPSHOT 78
14.1.2 REVENUE ANALYSIS 78
14.1.3 PRODUCT PORTFOLIO 79
14.1.4 RECENT DEVELOPMENT 79
14.2 KONE ELEVATOR INDIA PRIVATE LIMITED 80
14.2.1 COMPANY SNAPSHOT 80
14.2.2 PRODUCT PORTFOLIO 80
14.2.3 RECENT DEVELOPMENT 80
14.3 SCHINDLER 81
14.3.1 COMPANY SNAPSHOT 81
14.3.2 REVENUE ANALYSIS 81
14.3.3 PRODUCT PORTFOLIO 82
14.3.4 RECENT DEVELOPMENTS 82
14.4 HITACHI, LTD. 83
14.4.1 COMPANY SNAPSHOT 83
14.4.2 REVENUE ANALYSIS 83
14.4.3 PRODUCT PORTFOLIO 84
14.4.4 RECENT DEVELOPMENT 84
14.5 FUJITEC CO., LTD. 85
14.5.1 COMPANY SNAPSHOT 85
14.5.2 REVENUE ANALYSIS 85
14.5.3 PRODUCT PORTFOLIO 86
14.5.4 RECENT DEVELOPMENT 86
14.6 MITSUBISHI ELEVATOR INDIA PVT LTD 87
14.6.1 COMPANY SNAPSHOT 87
14.6.2 REVENUE ANALYSIS 87
14.6.3 PRODUCT PORTFOLIO 88
14.6.4 RECENT DEVELOPMENTS 88
14.7 HYUNDAI ELEVATOR LTD 89
14.7.1 COMPANY SNAPSHOT 89
14.7.2 PRODUCT PORTFOLIO 89
14.7.3 RECENT DEVELOPMENT 89
14.8 SIGMA ELEVATOR. 90
14.8.1 COMPANY SNAPSHOT 90
14.8.2 PRODUCT PORTFOLIO 90
14.8.3 RECENT DEVELOPMENT 90
14.9 TK ELEVATOR 91
14.9.1 COMPANY SNAPSHOT 91
14.9.2 PRODUCT PORTFOLIO 91
14.9.3 RECENT DEVELOPMENT 91
14.10 TOSHIBA CORPORATION 92
14.10.1 COMPANY SNAPSHOT 92
14.10.2 REVENUE ANALYSIS 92
14.10.3 PRODUCT PORTFOLIO 93
14.10.4 RECENT DEVELOPMENT 93
15 QUESTIONNAIRE 94
16 RELATED REPORTS 97