india elevators market forecast & opportunities, 2020
TRANSCRIPT
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India Elevators Market Forecast & Opportunities , 2020
I n d u s t r y B r i e f
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© TechSci Research
India Elevators Market to Surpass US$ 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 MarketForecast & Opportunities, 2020”, elevators market in India is projected to surpassUS$ 1.6 billion by 2020. The report reveals that increasing public-private investments ininfrastructure development and construction sector, along with increasing number ofresidential complexes, are expected to drive sales of elevators during the forecast period.Ongoing government housing projects and metro expansion across various cities in thecountry, are also propelling the demand for new installations across the country.
Along with new installations, India is an equally lucrative market for maintenance andmodernization of existing elevators. Smart elevators, which are equipped with advancedsecurity solutions such as biometrics and access control, are becoming increasinglypopular in the industrial sector, thereby creating opportunities for system upgradations inthis sector. Elevators market in India is highly consolidated, with major players likeKONE, Otis, Schindler, Johnson, and ThyssenKrupp, holding more than 80% share.
“Residential sector is the clear leader in India elevators market, accounting for more than60% volume share in the market in 2014. Rapid urbanization, increasing populationdensity and growing need for accommodation, are driving the demand for high risebuildings in India. Constant increase in the number of high rise buildings is anticipated tobe the key factor fueling growth of residential elevators in the country.” said Mr. KaranChechi, Research Director with TechSci Research, a global management consulting firm.
T a b l e o f C o n t e n t s
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S. No. Contents
1. Research Methodology
2. Analyst View
3. Product Overview
4. Global Elevators Market Overview
5. India Elevators Market Outlook
5.1. Market Overview
5.2. Market Size & Forecast
5.2.1. By Value
5.2.2. By Volume
5.2.3. By New Installations & Maintenance
5.3. Market Share & Forecast
5.3.1. By Company
5.3.2. By Type of Carriage
5.3.3. By Type of Machinery
5.3.4. By Region
5.3.5. By End-Use Sector
6. India Residential Elevators Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
7. India Commercial Elevators Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
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S. No. Contents
8. India Industrial Elevators Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
9. India Govt. Institutional Elevators Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
10. Value Chain Analysis
11. Policy & Regulatory Landscape
12. Import-Export Analysis
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends & Developments
14.1. High Speed Elevators
14.2. Smart Elevators
14.3. Energy Efficient Elevators
14.4. Expanding Market for Elevators
14.5. Solar Elevators
15. Pricing Analysis
16. India Economic Profile
17. Competitive Landscape
17.1. Competitor Product Matrix
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S. No. Contents
17.2. Company Profiles
17.2.1. KONE Elevator India Pvt. Ltd.
17.2.2. Otis Elevator Company (India) Ltd.
17.2.3. Schindler India Pvt. Ltd.
17.2.4. Johnson Lifts Pvt. Ltd.
17.2.5. ThyssenKrupp Elevator (India) Pvt. Ltd.
17.2.6. Mitsubishi Elevator India Pvt. Ltd.
17.2.7. Fujitec India Pvt. Ltd.
17.2.8. Hitachi Lift India Pvt. Ltd.
17.2.9. Blue Star Elevators India Ltd.
17.2.10. Omega Elevators Pvt. Ltd.
18. Strategic Recommendations
19. About Us & Disclaimer
R e s e a r c h M e t h o d o l o g y
Baseline Methodology
Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of India
elevators market. The team has analyzed various industry segments and speculated a positive future for the
industry. Taking into consideration the technological developments, capital investments, government projects,
etc., our team of analysts has provided a prudent analysis of the industry’s performance in future. This would
enable our clients in planning their investment decisions and explore growth opportunities in India Elevators
Market
For our study, we have gathered information through primary research surveys with eight respondents in around 4
companies operating in elevators market in India, followed by an exhaustive search of credible paid databases.
Our team of experts has then prudently evaluated all the collected information and organized it in chronological
order to depict a meaningful and clear picture of the elevators market.
In addition, while compiling the data, we have also validated all the collected information from multiple sources
and data warehouses in order to present the most accurate and precise information of the concerned industry. We
have also identified and analyzed all emerging trends, including the important drivers and challenges that the
industry is confronting. We have also presented various forecasts for the industry based on our in-depth analysis
of market dynamics, prevalent trends, major developments and growth opportunities.
Companies InterviewedOtis India, ThyssenKrupp Elevators India, Star Elevators, and 360 Degree GlobalEquipments
Sources:
Business Week, CMIE Pace, Press Releases, Company Annual Reports, News Articles, Elevator World India, etc.
© TechSci Research
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S a m p l e D a t a - S n a p s h o t
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India Elevators Market Size, By Value, 2010–2020F (USD Million)
1020.00
3040
5060
7080
90100
110
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
KONE, %Otis, %
Schindler, %
Johnson Lifts, %
ThyssenKrupp, %
Fujitec, %
Others, %
India Elevators Market Share, By
Company, By Value, 2014
123
34
5 56
78
910
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
India Elevators Market Size, By Maintenance, By Value, 2010–2020F (USD Million)
40%
60%
Delhi-NCR,Mumbai,Bangalore,Hyderabad,ChennaiRest of India
India Elevators Market Share,
By Leading Cities, By Units Installed, 2014
KONE, %
Otis, %
Schindler, %
Johnson Lifts, %
ThyssenKrupp, %
Fujitec, %
Others, %
2020F2014
India Elevators Market Share, By
Company, By Value, 2020F
40%
60%
Delhi-NCR,Mumbai,Bangalore,Hyderabad,Chennai
Rest of India
India Elevators Market Share,
By Leading Cities, By Units Installed, 2014
Classification of Elevators on the
Basis of Machinery
Hydraulic Elevators
Traction Elevators
ElevatorsMarket
Classification
NewInstallations
Services
(Upgrading, Maintenance,
etc.)
10
20
30
40
2010-11 2011-12 2012-13 2013-14
Otis, No. of Elevators Installed, 2010-11 to 2013-14
R e p o r t O r d e r i n g
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Report Name: India Elevators Market Forecast &
Opportunities, 2020
License Type Price
Electronic Access - Single User License $2200
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A b o u t U s & D i s c l a i m e r
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Disclaimer:The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.
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