Monthly Archives: May 2014

The Elevator Market in India

Posted By Team MCG On

The Indian elevator industry has witnessed rapid growth of 13.5% per annum since 2001. High-rise trend is the key influencing driver of the elevator market in the country. Vertical development in the residential and commercial building sector is a recent development that is gathering momentum across several cities in India. While factors such as rapid urbanisation, access to liveable space and escalating land costs are the key drivers of the high-rise trend, a key enabling […]