Escon Elevators In Kerala

Escon Elevators In Kochi

Indian Elevator Industry All Set To Skyrocket

 

Indian Lift Industry Report 2016-2017

 

Elevators and Escalators market in India is projected to grow at a CAGR of over 8% during the period 2016 – 2021. Growth drive factors include:

Increasing urbanization,

 Rising construction of high rise buildings,

Growing real estate sector,

Rising investments on improvement of public infrastructure,

Rising government initiatives such as smart cities and AMRUT cities.

Modernization of airports and railway stations.

Passenger elevator segment dominates the India elevators market, followed by goods elevators. Increasing number of high rise buildings is a key factor driving demand for passenger elevators across different segments including residential, commercial, industrial and the government sector. Major companies operating in India elevators market at a Pan-India level  include Kone, Otis, Schindler, ThyssenKrupp, and Escon etc.

South India dominated the India elevators market on account of increasing infrastructure projects in the region and growing focus on real estate construction.

Cities like Mumbai, Delhi, Noida, Gurgaon, Bangalore, Hyderabad and Chennai are the major demand generators for elevators and escalators in the country. At the secondary level, Pune, Surat, Mangalore, Visakapatanam were demand generators for Elevators.

Elevators In Kerala:

In Kerala, Kochi, Thrissur, Kozhikode, Kottayam and Thiruvanathapuram are major markets with small local players trying to cash in on the rising demand.