An elevator is a mode of vertical transport in a high-rise building. It generally operates on the principle of counterweight systems and drive traction cables or using the pressure of a hydraulic fluid. It is generally run by electrical motors. An Escalator is also a mode of vertical transport in the form of moving staircases. It works by the help of a motor driven series of staircases linked together and moving on a track. The elevators and escalators have become an inseparable part of today and can be found almost everywhere starting from schools, colleges, malls etc. to personal homes too.

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Factors such as the rising construction of high rise and smart buildings due to rapid urbanization and rising governmental focus for better and improved infrastructure coupled with inflow of funds from both the government as well as the private sectors, are some major drivers for increasing the demand of escalators and elevators. In addition, the introduction of GST has simplified the indirect taxation structure and thus giving a boost to the manufacturing sector, bolstering the growth of India elevators and escalators market further. The rising disposable income of the Indian population is also a major contributing factor towards the rise of Indian elevator and escalator market. Furthermore, the rising population in limited places of commercial importance has created the necessity for vertical construction growth in the surrounding areas. This has further created a need for the elevators and escalators market and is contributing as a major driver for it. High installation costs and low availability of skilled labour for after sales maintenance are the major restraining factors for the India elevators and escalators market.

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Various notable players in the market includes Johnson Lifts Pvt. Ltd., Kone elevator India Pvt. Ltd., Otis Elevator Company (India) Pvt. Ltd., Schindler India Pvt. Ltd., Thyssenkrupp Elevator (India) Pvt. Ltd., Mitsubishi Elevator India Pvt. Ltd., Fujitech India Pvt. Ltd., Escon Elevators Pvt, Kinetic Hyundai Elevator and moving technology Ltd., Blue star elevators Pvt. Ltd., Hitachi Lift India and Express Lifts.

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The Indian Elevator and Escalator Market has been segmented by product, by services, by application and key geographies. Based on product type the elevator market comprises of hydraulic based, traction based and machine room-less type, while the escalator market consists of step type and spiral type. The research report “Indian Elevator and Escalator market” provides in-depth analysis of the Indian Elevator and Escalator market based on product, services, application and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Indian Elevator and Escalator market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

At what pace is Indian Elevator and Escalators market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Indian Elevator and Escalators market?
What are the various application areas and how they are poised to grow?

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