LONDON--(BUSINESS WIRE)--#ElevatorandEscalatorMarketinIndia--Technavio has been monitoring the elevator and escalator market in India and it is poised to grow by $659.2 mn during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. ESCON Elevators Pvt. Ltd., Fujitec Co. Ltd., Hitachi Ltd., Johnson Lifts Pvt. Ltd., KONE Corp., Mitsubishi Electric Corp., Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., and United Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The number of high-speed metro projects has been instrumental in driving the growth of the market. However, the high cost of repair and maintenance might hamper the market growth.

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Elevator and escalator market in India 2020-2024: Segmentation

Elevator and escalator market in India is segmented as below:

• Product
  • Elevator
  • Escalator
• End-user
  • Residential
  • Non-residential

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Elevator and escalator market in India 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our elevator and escalator market in India report covers the following areas:

• Elevator and escalator market in India Size
• Elevator and escalator market in India Trends
• Elevator and escalator market in India Industry Analysis

This study identifies the growing number of office spaces and commercial establishments as one of the prime reasons driving the elevator and escalator market growth in India during the next few years.

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Elevator and escalator market in India 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist elevator and escalator market growth in India during the next five years
• Estimation of the elevator and escalator market size in India and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the elevator and escalator market in India
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of elevator and escalator market vendors in India

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• Elevator - Market size and forecast 2019-2024
• Escalator - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End user placement
• Residential - Market size and forecast 2019-2024
• Non-residential - Market size and forecast 2019-2024
• Market opportunity by End user

Customer landscape

• Overview

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Vendor Analysis

Vendors covered

• Market positioning of vendors
• ESCON Elevators Pvt. Ltd.
• Fujitec Co. Ltd.
• Hitachi Ltd.
• Johnson Lifts Pvt. Ltd.
• KONE Corp.
• Mitsubishi Electric Corp.
• Schindler Holding Ltd.
• thyssenkrupp AG
• Toshiba Corp.
• United Technologies Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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