Residential Elevator Manufacturers in Bangalore

  The Indian elevator market has been growing significantly for the last few years by lips and bounds. With the rapid urbanization and the development of infrastructure, IT industries, and various corporate offices, the use of elevators has increased remarkably. The percentage of high-rise buildings is also increasing day by day. Hence, the demand for elevators is ever-increasing and will remain so. Residential and commercial elevator manufacturers are making their futures for this unexpected increase in installations.  Data published by a reliable source declares that the Indian elevator market was $1466 million (US) in the financial year 2022. The prediction tells us that in FY2028 the market will reach USD 2083 million with a CAGR (compound growth rate) of 5.82%.  Understanding the bright future of the elevator industry, people have started their business with elevators- some of them are experienced and others are novices. Some of them are licensed and the others are without it