Forecast: Import of Escalators and Moving Walkways to India

In 2023, India's import of escalators and moving walkways stood at approximately 975. This figure is projected to increase annually through 2028, reaching 1030. The year-on-year growth rates indicate a gradual upward trend: approximately 1.11% in 2025, 1.18% in 2026, and around 0.99% by 2027 and 2028. The Compound Annual Growth Rate (CAGR) for 2024-2028 is approximately 1.07%.

Future trends to monitor include:

  • Urbanization continues to drive demand in metropolitan areas.
  • Government initiatives on infrastructure improvement could significantly impact import volumes.
  • The growth of smart cities may influence technological advancements in escalators and walkways.
  • Currency fluctuations could affect import costs and pricing strategies.

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