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.