Growing infrastructure development coupled with increasing demand for residential and commercial real estate to drive elevators market in India through 2020

1. 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

2. I n d u s t r y B r i e f
2
© 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 Market
Forecast & 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 and metro expansion across various cities in the
country, are also propelling the demand for new installations across the country.
Along with new installations, India is an equally lucrative market for maintenance and
modernization of existing elevators. Smart elevators, which are equipped with advanced
security solutions such as biometrics and access control, are becoming increasingly
popular in the industrial sector, thereby creating opportunities for system upgradations in
this sector. Elevators market in India is highly consolidated, with major players like
KONE, Otis, Schindler, Johnson, and ThyssenKrupp, holding more than 80% share.
“Residential sector is the clear leader in India elevators market, accounting for more than
60% volume share in the market in 2014. Rapid urbanization, increasing population
density and growing need for accommodation, are driving the demand for high rise
buildings in India. Constant increase in the number of high rise buildings is anticipated to
be the key factor fueling growth of residential elevators in the country.” said Mr. Karan
Chechi, Research Director with TechSci Research, a global management consulting firm.

3. Ta b l e o f C o n t e n t s
3
© TechSci Research
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

4. Ta b l e o f C o n t e n t s
4
© TechSci Research
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

5. Ta b l e o f C o n t e n t s
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© TechSci Research
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

6. 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 Interviewed
Otis India, ThyssenKrupp Elevators India, Star Elevators, and 360 Degree Global
Equipments
Sources:
Business Week, CMIE Pace, Press Releases, Company Annual Reports, News Articles, Elevator World India, etc.
© TechSci Research
8

7. S a m p l e D a t a - S n a p s h o t
7
© TechSci Research
India Elevators Market Size, By Value, 2010–
2020F (USD Million)
10
20.00
30
40
50
60
70
80
90
100
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
1
23
3
4
5 5
6
7
8
9
10
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,
Chennai
Rest of India
India Elevators Market Share,
By Leading Cities, By Units Installed, 2014
KONE, %
Otis, %
Schindler,
%
Johnson Lifts, %
ThyssenKrupp,
%
Fujitec, %
Others,
%
2020F
2014
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
Elevators
Market
Classification
New
Installations
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

8. R e p o r t O r d e r i n g
8
© TechSci Research
Report Name: India Elevators Market Forecast &
Opportunities, 2020
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9. A b o u t U s & D i s c l a i m e r
9
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that
it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources
including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any
information 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 it
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