4MAY 2024Rising with India's Urbanization The elevators and moving stairways market in India is in a growth phase due to high growth factors such as urbanization, development of infrastructure, and increasing demand for sophisticated facilities in residential and commercial buildings. This growth is particularly driven by the rising number of skyscraper projects in the densely populated urban centers of India including Mumbai, Delhi and Bangalore that require sophisticated vertical transportation systems. Some of the drivers that have contributed to this market are the government of India's focus on smart city projects and infrastructural development. These projects have led to increased construction activities, which in turn, has put pressure on the demand for lifts and moving walkways. Moreover, the growth of the real estate business and increased focus on safety and energy efficiency has led to the introduction of advanced elevator technologies. Technological developments are critical to the market transformations as they are the primary drivers of change. Standard features of elevators are destination control systems, energy-efficient elevators, and smart elevators with IoT integration. These technologies not only improve the quality of the user experience but also help to save energy which is in line with the current global trend of being environmentally friendly. The commercial area such as shopping malls, airports, and office buildings are also expected to have a high demand for the products. It is also worth mentioning the growth of retail areas and the development of airports, as these are complex facilities that require the effective vertical transport management with a large number of people. In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer's expectations in an end-to-end manner, these companies have stood out from the crowd. We look forward to receiving your feedback and suggestionsSudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 2 · Issue 4 - 3 · MAY, 2024Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorIndranil ChakrabortyAssistant Editor Hima P MEditorial Team Design ManagerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer Aruna Kumari KSuanya Chakraborty Advertising QueriesPrajnya Paramita BholVidyashri Patil Jaya Arora GM 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 Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2024 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.Roshan Akthar Nalini BramhanapalliVishwanathan A
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