Albany, NY -- (SBWIRE) -- 10/20/2015 -- Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others. They are also installed in public places to improve vehicle parking management.

The elevator and escalator market in India to grow at a CAGR of 15.12%, in terms of newly installed units, over the period 2014-2019.

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Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the elevator and escalator market in India for the period 2015-2019. To calculate the market size, the report considers the number of new elevator and escalator units installed in the country. Also, the report presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in India and the challenges faced by the vendors and the market at large, as well as the key trends in the market.

Key customer segments
Commercial customers
Non-commercial customers

Key vendors
Johnson Lifts
KONE India
Mitsubishi Elevator India
Otis India
Schindler Elevators India

Other prominent vendors
Express Lifts
Hitachi Lift India
Kinetic Hyundai Elevator
ThyssenKrupp Elevator

Market driver
Widespread growth of construction market
For a full, detailed list, view our report

Market challenge
Shortage of skilled labor
For a full, detailed list, view our report

Market trend
Adoption of green elevators and escalators
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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