The global elevator and vertical mobility industry, estimated at over USD 90 billion, is on the cusp of major change driven by urbanization and technological advancements. As cities become taller and more densely populated, the demand for smarter, sustainable solutions is increasing, with India emerging as a key player in the market.
India’s elevator and escalator sector is booming, ranking second globally with more than 9% of global demand. National programs like the Smart Cities Mission are fueling this growth by driving infrastructure expansion and emphasizing the importance of advanced vertical transport systems in urban development.
The upcoming Smart Lift & Mobility World 2026 event in Bengaluru will gather industry leaders to discuss the future of elevators and escalators, focusing on sustainability, technological integration, and the role of these systems in supporting India’s infrastructure ambitions.