Fair for the elevator industry in India
Asia Elevator Escalator Expo is an upcoming business show in India which gives a platform for the vertical transportation industry to meet and interact with leaders, decision makers and managers under one roof.
The organizers have planned the next edition of the show in National Capital Region, Greater Noida, India Expo Centre from 28th to 30th Sep 2018. The 2017 edition was held at Mahatma Mandir at Gandhi Nagar, Gujarat, India. The show attracted many exhibitors from the Elevator Industry.
The typical exhibitor profile consisted of Passenger Lifts, Freight Elevators, Service Elevators, Hospital Elevators, Small Store Lifts, Attached Lifts, Home and Apartment Elevators, Garage and Parking Elevators, Elevators and Lifts for Invalids.
And further on: Elevators without Machine Room, Panoramic Elevators, Elevators and Platforms with Hydraulic Drive, Ships Lifts, Sidewalk Lifts, Mine Hoists, Lift Platforms, Turnkey Elevator plants and parts, Walkways, Hydraulic Systems & Components etc.
Local manufacturing units to source raw materials
Elevator demand is set to cross 75,000 units by 2020 with India retaining second place in the global market. Urbanization, real estate reforms, affordable housing, infrastructure projects and high-rise buildings are the key growth triggers. To tap this lucrative market, elevator manufacturers must introduce country-specific affordable models to meet the demand of price-sensitive segments.
This is achievable by setting up local manufacturing units to source raw materials and labor at competitive prices. With 3% growth in urban population YOY, Indian urban landscape will change at a faster pace than ever.
Also the buildings built during 1971-2000 urbanization will have to give way to new rules due to paucity of land in urban pockets."All in all it is good news for Vertical Transportation industry", say the organizers of the Asia Elevator Escalator Expo.