An in-depth industry analysis from e-Research & Publications India Pvt Ltd.

, Chennai

Supported by Virgo Communications & Exhibitions Pvt Ltd., Bangalore

February 2012

The Future of the Elevator and Escalator Market in India to 2016

The Future of Elevator and Escalator Market in India to 2016, a publication from e-Research & Publications India Pvt. Ltd., Chennai, provides a comprehensive analysis of the Indian elevator and escalator market and detailed forecasts till 2016. The analysis includes the demographic and economic profile of India, overview of the elevator and the escalator industry, demand forecasts, technological developments, components, services and modernisation market, trade information, lift rules and product standards. An attempt has also been made to provide an understanding of the economic and demographic growth patterns and the elevator market of 26 cities that have been chosen for analysis. This publication has been prepared by e-Research & Publications India Pvt. Ltd. (eRPI), Chennai with the support of Virgo Communications & Exhibitions Pvt. Ltd., Bangalore.

Why is this report pertinent?

India weathered the recent global financial crisis of 2009 better than many of its counterparts and industrial growth has been notable in 2010-11 with the manufacturing sector performing extremely well. In 2010-11, the GDP of the country was INR 79 trillion at current prices; at constant prices, the economy has registered a growth rate of 8.2% per annum between 2006-07 and 2010-11. India is now among the well sought after investment destinations globally and FDI touched USD 25.8 billion in 2010-11.

Indian economy: Key indicators, 2006-07 to 2010-11, INR Billion

The countrys rapid economic growth and urbanisation have stimulated and led to a burgeoning demand for urban residential and commercial space and have resulted in a massive scramble for urban land. Vertical development of real estate has become the norm across metropolitan and Tier I cities primarily to resolve the constraints of space. Given the trend towards high rise buildings, most major cities in India are now starting to sprout buildings above 30 floors. The demand for office space has been spurred by the fast paced development of the services sector that has created large scale employment opportunities. While in the organised retail sector, a number of players are firming up plans to launch their retail formats in smaller cities, the hospitality sector is also reaping the gains of the rapidly increasing inflow of tourists and business travellers to India. All these developments in various sector is fuelling the demand for elevators and escalators in India and the need for an analysis on the elevator and escalator market has hence never been greater.

Indian Elevator & Escalator market

In 2010, the elevator market in India was estimated at 34,500 units and is expected to cross 40,000 units in 2011. Though the market witnessed fluctuations in the recent past, there are clear signs of strong growth in the coming five years. Western region continues to be the leading market for elevators in India, followed by North and South. Amongst the cities, Mumbai continues to remain the most important market for elevator in India, accounting for about 12.2% of the total market.

Elevator Market in India: Growth trends, 2001-2016 (Nos)

Source: eRPI * The market size shown above excludes about 2500 to 3000 units manufactured by small players who sell 30-50 lifts per annum

Passenger elevators account for a bulk of the elevator market in India with 86.9% market share in 2011. Home lifts are

increasingly becoming popular in India. With the increase in the number of high end residential projects and townships, this segment is forecast to witness a high growth.
Elevator Market in India by Type, 2011 (%)

Source: eRPI

Key issues examined in the study

The demographic profile of India, the economic scenario and an in-depth understanding on the developments and an understanding on the developments in the building and construction and infrastructure sectors in India is provided. The elevator and escalator market in India is discussed in depth. An estimate of the elevator and escalator market in India and a 5 year forecast to 2016 is provided. The elevator market is analysed by elevator type, capacity, speed, drive and door, followed by a breakdown across the four regions and select cities. The market trends in the escalator market and an analysis by key end-user segments is included and the import and export of elevators and escalators are also covered. The demographic and economic scenario of each of the 26 cities is also discussed An analysis on the key drivers and trends influencing the demand for elevators and escalators in India. The key end user segments covered include Detailed understanding of the elevator components sector and focus on the technological advancements and new product developments in the elevator industry. An analysis of the service market in terms of installation process, maintenance and modernisation of existing elevators is provided. Invoicing and material despatch methods followed in India is briefly touched upon. An overview on the lift licensing act and norms, codes and standards followed in India is provided. Brief profiles of 9 key elevator manufacturers including background, product range and recent developments are provided and also list of key elevator manufacturers and component manufacturers is also provided.

For further information, please contact : e-Research& Publications India Pvt. Ltd. Tel : +91 44 44504294 / 95 Email: office@eresearchglobal.com/info@eresearchglobal.com URL: www.eresearchglobal.com