Category Archives: Industry – India

The Market for Elevators in India

Posted By Admin On

The Indian elevator market grew extremely well between 2000 and 2010, clocking an average 13 to 14% per annum growth. The growth moderated to about 10% per annum till 2016 and slowed down thereafter, along with the B&C sector. The elevator market in India grew from around 40,000 elevators in 2010-11 to 78,700 units in 2019-20 and owing to the pandemic it witnessed a decline to 65,100 elevators in 2020-21. Western region continues to be […]