Infrastructure and real estate collaboration in India boosts both sectors. New metro lines drive investment and growth, enhancing connectivity, supporting suburban expansion, and making areas near stations more attractive to businesses and homebuyers.
Impact of Metro Connectivity on
the Elevator Industry
India's metro network is
expanding rapidly, with 986 km of
projects in cities like Navi Mumbai,
Pune, and Surat, transforming
urban mobility for nearly 1 crore
daily riders. This growth has
boosted demand for elevators
in high-rise buildings near metro
stations, essential for seamless
vertical transportation in
residential, commercial, and
mixed-use developments.
Metro integration with public
transit has driven innovations like
high-speed, destination control, and
IoT-enabled smart elevators,
enhancing efficiency and user
experience. Additionally, the focus
on sustainability has spurred
greener, energy-efficient elevator
technologies. The synergy between
metro connectivity and the elevator
(Communication by the
management of the company)
Growing Metro Network Boosts
India鈥檚 Elevator Industry
industry highlights how modern
infrastructure is reshaping urban
landscapes, driving convenience,
and aligning with sustainable urban
planning goals.
Growth of the Elevator Industry
According to Technavio
Market Research Report, the
India elevator and escalator
industry size is forecast to increase
by $ 784.24 million, at a CAGR of
9.45 per cent between 2023 and
2028 driven by various factors,
including the proliferation of
high-speed metro projects.
Key Factors That Are Driving
Elevator Industry growth:
Urbanisation and Population
Growth: Urbanisation and
population growth in Indian
cities drive the need for efficient
metros. Elevators play a vital
role in enhancing accessibility
and movement, ensuring
functionality and convenience
within metro stations.
Increased Infrastructure
Development: Increased metro
infrastructure development
necessitates vertical transportation
solutions like elevators and
escalators at stations, driving a
significant rise in elevator demand
across cities with ongoing or
expanding metro projects.
Demand for High-Quality,
High-Capacity Elevators:
Metro stations require highcapacity,
reliable elevators to handle heavy traffic. This demand
drives manufacturers to innovate,
creating faster, more efficient
solutions tailored to metro
infrastructure needs.
Government Initiatives and
Investments:
Government investments in metro
projects are boosting the elevator
industry, aligning with urban
development goals to ease traffic,
reduce pollution, and improve
public transport connectivity.
Technological Advancements:
The elevator industry now
features smart elevators, IoT
integration, energy efficiency, and
advanced safety, transforming
metro station designs and
enhancing efficiency, sustainability,
and passenger experience.
Employment Opportunities
and Economic Growth: Metro
expansion fuels economic growth
by generating jobs in elevator
construction, manufacturing,
installation, and maintenance,
fostering regional development and
boosting industrial progress.
Conclusion
In conclusion, India's expanding
metro network has significantly
boosted the elevator industry,
driving demand for advanced
vertical transportation solutions vital
for efficient metro operations and
enhanced urban mobility.
(Communication by the
management of the company)
