The demand for vertical transportation solutions is at an all time high, especially owing to the rising urbanization that calls for high rise housing and commercial space. Growing real estate activity, rising disposable income, greater migration to urban areas, an ageing population, and foreign direct investment inflow into the construction industry have all been key factors contributing to the steady growth of the elevator and escalator market in India. As per a report, the Indian market for elevators and escalators is projected to expand by $784.24 million between 2022 and 2027, with a compound annual growth rate (CAGR) of 8.9 percent.
TK Elevator is one of the leading companies in this sector which is committed to providing better access and clear solutions for increasingly complex infrastructures. The company’s capability to offer quality elevators, escalators and moving walks across the globe make it an ideal one-stop maintenance partner for developers, property managers and REITs.
Overcoming Stumbling Blocks
The major challenges faced by the customers in this sector are related to cost-effective, digital solutions and maintenance-related aspects.
“At TK Elevator, customer service and satisfaction are our top priorities. We put special emphasis on our digital offerings to help our customers achieve more sustainable building design.
Our maintenance and modernization services enable property owners and managers to save costs and boost profits as they grow and expand. TK Elevator’s modernization service, together with its digital solutions MAX and AGILE Destination Control, is an ideal match for property overhauls, repurposing and upgrades”, says Manish Mehan, CEO & MD of TK Elevator.
TK Elevator offers a comprehensive range of mobility products and services, including passenger, freight and panoramic elevators, for both low and high-rise properties. Its commitment to quality and innovation covers the entire life cycle of elevators, escalators and moving walks. In addition, the firm also covers escalators, moving walks, passenger boarding bridges and stair and platform lifts. “With our digital solutions like AGILE and the IoT platform, MAX, there are no longer any limits to urban mobility”, adds Manish Mehan.
TK Elevator is backed by a team of highly skilled and experienced individuals who are responsible for setting out strategies and priorities and driving all dimensions of its performance. The company is delighted to operate a multi-purpose facility in Chakan, Pune, wherein, it has strategically set up an R&D centre to serve the local market.
TK Elevator’s commitment to quality & innovation covers the entire life cycle of elevators, escalators & moving walks
Future Roadmap
Within a couple of decades, TK Elevator achieved sales of around $9.79 billion in fiscal year 2022/2023. With around 50,000 employees, 25,000 service technicians and over 1,000 support Centres globally, it is moved by what moves people. From design to installation and maintenance of any brand of elevators, escalators, moving walks, passenger boarding bridges, stair lifts, platform lifts and house lifts – wherever and at any time - the firm supplies the engineering that keeps the world moving. TK Elevator is fully committed to be a part of India’s growth story by offering state-of-the-art mobility solutions. Its objective is to keep improving the lives of Indians while meeting the country's changing needs.
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