Elevator Opportunities
Technology

Elevator Opportunities

The elevator and escalator market in India is expected to grow by $522.84 million during 2021-25, progressing at the rate of 9 per cent. This is propelled by the growing number of metro and airport projects and high economic growth. Infrastructure growth in India is expected at a CAGR of ap...

The elevator and escalator market in India is expected to grow by $522.84 million during 2021-25, progressing at the rate of 9 per cent. This is propelled by the growing number of metro and airport projects and high economic growth. Infrastructure growth in India is expected at a CAGR of approximately 7 per cent as the government is projected to invest about Rs 102 lakh crore in infrastructure projects by 2024-2025. Having said that, India has been witnessing a rapid increase in investments in large-scale metro projects, especially in tier-1 and tier-2 cities, to support the transportation and development needs of India as cities urbanise. These developments have accelerated demand for smart and efficient escalator and elevator systems in India resulting in new opportunities for leading manufacturers. Shortening travel times and making journeys safe and hassle-free for travellers are the main tasks of elevators and escalators at airports and metro stations. They help passengers navigate through distant and complex spaces to catch flights, and move quickly and seamlessly between terminals while their luggage gets manoeuvred through various sections of an airport. Especially with the latest mobility solutions, the development of elevators and escalators has become much more efficient. Smart elevators such as IoT-based elevators can monitor performance, offer real-time maintenance recommendations, provide updated status, advance reporting, control, and monitor the elevator remotely. For instance, TK Elevator’s “MAX” is a game-changing predictive and pre-emptive maintenance solution that extends remote monitoring capabilities to dramatically increase the current availability levels of existing and new elevators. Utilising the power of the Internet of Things (IoT) and Microsoft’s Azure cloud computing technology, MAX predicts maintenance issues before they occur, and empowers elevator engineers by flagging the need to replace components and systems before the end of their lifecycle. Sustainability is often a key factor for project owners when choosing between mobility solutions. Modern airports and transportation hubs look for mobility systems that are more energyefficient, more intelligent and more integrated into the building operations workflow. Leading and more innovative players in the market have more comprehensive and innovative solutions in place to satisfy these requirements and would be able to better capture these opportunities. Elevators, escalators, and moving walks from TK Elevator have a significant presence in international and domestic airports across the globe, also supporting some of the top airports in Asia Pacific and the Middle East including the Qatar Hamad International Airport, Singapore Changi and Hong Kong International Airport. TK Elevator’s market-leading presence in various high-speed rail, train and subway stations across Asia Pacific highlights the company’s capability in providing safe, highperforming and reliable solutions to airports and large-scale infrastructure projects. Conclusion With a more positive outlook on tourism over the next few years, more subway and railway network expansion in the pipeline, and new transportation infrastructure being continuously built across India, we see enormous opportunities for leading manufacturers of elevators, escalators and moving walks.(Communication by the management of the company)

Next Story
Infrastructure Transport

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

Next Story
Infrastructure Transport

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..

Next Story
Infrastructure Urban

Hyundai to Invest Rs 45,000 Mn In India by FY2030

Hyundai Motor India Limited (HMIL) has unveiled an ambitious roadmap to invest Rs 45,000 million by FY2030, aiming to position India as its second-largest region globally and a key export hub. The plan, announced at the company’s first-ever Investor Day, focuses on India-centric product expansion, electrification, and localisation. The automaker plans to launch 26 models by FY2030, including seven all-new nameplates and entries into the MPV and off-road SUV segments. Hyundai will also introduce India’s first locally manufactured dedicated electric SUV by 2027 and bring its global luxury b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?