Market Outlook
The India Elevators Market was valued at USD 4.1 Billion in 2024 and is anticipated to grow at a robust CAGR of 9.47% through 2030. This growth is driven by rapid urbanization, increasing construction of high-rise buildings, and rising demand for residential and commercial spaces. Government initiatives like the Smart Cities Mission and affordable housing projects, such as Pradhan Mantri Awas Yojana (PMAY), are significant contributors to market expansion. Rising disposable income