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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Elevator and escalator market in India Download free sample report
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.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/elevator-and-escalator-market-in-india-industry-analysis
Elevator and escalator market in India 2020-2024: Segmentation
Elevator and escalator market in India is segmented as below:
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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:
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
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
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