JUNE 20234Redefining Vertical TransportationThe elevator and moving stairway market in India has witnessed remarkable growth in recent years, driven by rapid urbanization, infrastructure development, and the increasing demand for vertical transportation solutions. As India's cities continue to expand and modernize, the need for efficient and reliable transportation systems within buildings has become crucial. One of the primary drivers of the elevator and moving stairway market in India is urbanization. The country's urban population has been growing steadily, leading to the construction of high-rise buildings, commercial complexes, and residential towers. Elevators have become an integral part of these structures, providing convenient and safe vertical transportation for occupants. Additionally, the growing middle-class population and rising disposable income have increased the demand for residential complexes with modern amenities, including elevators. Infrastructure development projects, such as airports, metro rail systems, shopping malls, and hospitals, have further fueled the demand for elevators and moving stairways in India. These projects require efficient and high-capacity transportation solutions to handle the increasing footfall and ensure smooth movement of people within the premises. Furthermore, advancements in technology have played a significant role in the market's growth. Manufacturers are introducing energy-efficient elevators with regenerative drives, smart control systems, and improved safety features. These innovations not only enhance the user experience but also align with the government's push for sustainable development and energy conservation. As the country continues to modernize and urbanize, the demand for efficient vertical transportation solutions is expected to rise. The industry presents opportunities for manufacturers to introduce innovative and sustainable products, catering to the evolving needs of India's urban landscape. In this issue, we acquaint you with the top companies in this domain. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top 10 companies that have excelled in this field with their meticulous approach. Having proven their dedication in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd. We look forward to receiving your feedback and suggestions. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 2 · Issue 10 - 3 · JUNE, 2023Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorIndranil ChakrabortyAssistant Editor Hima P MEditorial Team Design ManagerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer Varun BAruna Kumari KAdvertising QueriesShubham Roy Hitesh Moray Jaya Arora Nitika Singh Kunika MathurGM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. P Tejaswini Roshan Akthar Nalini Bramhanapalli
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