Product Overview Scope of Interest: Elevators Elevator or a lift can be defined as a machine installed in buildings to carry, lift, transport or move people and goods from one floor to another. An elevator can be used in various types of settings such as residential complexes, commercial buildings, malls, hospitals, etc., for moving passengers or goods from one level to another. Elevators can also be used in factories and industrial plants to transfer goods, machinery and finished products between different floors. Market Segmentation BY TYPE OF MACHINERY BY TYPE OF CARRIAGE INDIA ELEVATORS MARKET • Traction • Passenger • Hydraulic • Freight Year Range BY WEIGHT • Others • Up to 350Kg BY TYPE OF ELEVATOR Review Period • Up to 550Kg DOOR FY2017 – FY2020 • Up to 750Kg • Automatic Base Year • Up to 1150Kg • Manual • More than 1150Kg FY2021 BY REGION Estimated Year BY END USER • North FY2022 • Residential • South Forecast Period • Commercial • East • Industrial • West FY2023 – FY2027 • Government Institution © TechSci Research 88