+
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
Real Estate

91Springboard Launches Chennai Hub, Expands National Presence

91Springboard has entered the Chennai market with a new 28,000 sq. ft. coworking hub in Guindy, expanding its network to nine cities. Located at Etica Malar-Aurum, the centre offers ~400 seats and features both ready-to-use private suites and customised built-to-suit workspaces.The new hub brings the company’s total offering to around 30,000 desks across over 1.5 million sq. ft. of space in India. This expansion aligns with Chennai’s growing commercial real estate market, which has seen record-high leasing activity driven by IT, BFSI, and Global Capability Centres (GCCs). As per an industr..

Next Story
Resources

PackPlus 2025 Set to Showcase India’s Packaging Leadership

The 19th edition of PackPlus, India’s premier packaging industry exhibition, will be held from 31 July to 2 August 2025 at Pragati Maidan, New Delhi. The event will host over 200 exhibitors and draw more than 15,000 trade visitors, making it one of the country’s largest platforms for packaging innovations. PackPlus 2025 will spotlight trends and technologies across the packaging value chain—from primary packaging to supply chain logistics. Product displays will include packaging machinery, materials, printing and converting equipment, automation tools, and smart packaging solutions...

Next Story
Resources

Hindustan Zinc Beats Estimates with Record Output, Low Costs

Hindustan Zinc (BSE: 500188; NSE: HINDZINC) posted a net profit of Rs 2,234 crore for Q1 FY26, beating consensus estimates. The company achieved its highest-ever first quarter mined metal output at 265 kt and delivered a record performance from Hindustan Zinc Alloys, with value-added products contributing around 24 per cent of total output. The zinc cost of production hit a first-quarter low of US$1,010/MT, down 9 per cent YoY, supporting a strong EBITDA margin of around 50 per cent. The silver segment contributed about 41 per cent to overall profitability, benefiting from all-time high p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?