HIGH PRIORITY MARKET
India Elevators Market Forecast and Opportunities
2020
Key Players in India
OTIS Elevator Co( India) Ltd. Magnus Towers, 9th Floor, Mindspace, Link Road, Malad( West), Mumbai 400 064. T: + 91-22-28449700 / 66795151 E: Sriram. selvaraj @ otis. com, W: otis. com
Johnson Lifts Pvt. Ltd. 1, East Main Road, Anna Nagar Western Extn., Chennai- 600 101. T: 044 26152200, E: info @ johnsonliftsltd. com, W: johnsonliftsltd. com
Thyssenkrupp Elevator( India) Pvt. Ltd. 1007, Windfall, Sahar Plaza, J. B. Nagar, Andheri( E), Mumbai-400059, Maharashtra T: + 91-22-40429429, F: + 91-22-40429430 E: in. info @ tkeap. com W: thyssenkrupp-elevator. co. in
Schindler India Pvt. Ltd. B-401 / 402, Delphi, Hiranandani Business Park, Powai, Mumbai – 400 076. T: 022 – 61314444 / 67031000 E: india @ in. schindler. com, W: schindler. com
Kinetic Hyundai Elevator & Movement Technologies Ltd. G-92, D-III Block, MIDC, Chinchwad Pune- 411 019. Maharastra T: + 91 20 64108986 / 87 E: info @ kinetic-hyundai. com W: kinetic-hyundai. com
Mitsubishi Electric India Pvt. Ltd. Chennai Citi Centre, 5th Floor, N0. 10 & 11, Dr. R. K. Salai, Mylapore, Chennai – 600 004 T: + 91 44 2847 7373 E: info @ mitsubishielevator. in W: mitsubishielevator. in
Hitachi Lift India Pvt. Ltd. Unit 802 A & B, Tower-2, Konnectus Building Bhavbhuti Marg, Near Minto Bridge, Connaught Place, New Delhi-110 001 T: + 91 11 3060 5290 E: sales @ hli. hitachi. co. in, W: hitachi-lift. co. in
Fujitec India Pvt. Ltd. Unit No. 1208-1209, 12th Floor, JMD Megapolis, Sector-48 Sohna Road, Gurgaon T: 0124-4301411, W: fujitecindia. com E: salessupportncr @ fujitecindia. com
Kone Elevator India Pvt. Ltd. 9th Floor“ prestige Centre Court”, The office Block, Vijaya Forum Mall, No 183, NSK Salai, Arcot Road, Vadapalani, Chennai – 600026 T: + 91 44 66254000, W: kone. in
Increasing number of residential |
surge in demand for sophisticated |
projects coupled with rising population |
vertical transportation systems in the |
density in metros and major cities in |
country. |
India, have been driving the country’ s |
According to“ India Elevators Market |
elevators market over the last five years. |
Forecast & Opportunities, 2020”, |
The need to provide accommodation to |
elevators market in India is projected to |
the continuously growing urban |
exhibit significant growth over the next |
population has led to an in an increase |
five years, with the market forecast to |
in the number of high rise building in |
surpass US $ 1.6 billion in 2020. Growth |
the country, thereby resulting in rising |
in the market is anticipated on account |
skyline of cities. Also, rising foreign |
of growing infrastructure development |
investments in the country have |
projects in the country, which require |
stimulated the demand for office spaces |
elevators for vertical transportation. |
over the last decade. In consonance |
Metro projects across various major |
with these developments, the demand |
cities are also expected to fuel demand |
for elevators from residential and |
for new equipment installation, along |
industrial units has been increasing to |
with maintenance and modernization of |
facilitate vertical commute of people |
already installed elevators. In 2014, |
and transportation of freight. Moreover, |
residential sector was the largest endwith |
rapid development of infrastructure |
user of elevators, followed by |
in urban regions, the number of |
commercial, industrial and government |
commercial complexes and office |
sectors. Major players operating in India |
buildings in India has also been |
elevators market include KONE, Otis, |
increasing. These commercial buildings |
Schindler, Johnson, and ThyssenKrupp. |
have also been contributing to the |
India Elevators Market to Surpass $ 1.6 billion in 2020
Infrastructure development, along with growing demand in residential and commercial units to drive elevators market in India during the next five years. According to recently released TechSci Research report“ India Elevators Market Forecast and Opportunities, 2020”, elevators market in India is projected to surpass US $ 1.6 billion by 2020. The report reveals that increasing public-private investments in infrastructure development and construction sector, along with increasing number of residential complexes, are expected to drive sales of elevators during the forecast period. Ongoing government housing projects
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