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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