Second only to China, India has grown into the world’s second-largest market for elevators and escalators. New elevator installations in India are projected to hit 80,000 to 100,000 units in 2025–2026, accounting for over 9% of global total demand. Over the next decade, India’s elevator market will keep expanding at a compound annual growth rate (CAGR) of around 9.9%, with its market size expected to surpass USD 2.868 billion by 2030. Accelerated urbanization, ongoing metro network construction and the continuous expansion of commercial buildings jointly fuel steady growth in market demand.
View MoreIn today's era of rapidly changing market demands, an enterprise's core competitiveness has extended from mere product quality to the overall efficiency of the entire chain, spanning from order placement to product delivery. "Balanced production scheduling" and "flexible smart manufacturing" are the keys to connecting this chain. Balanced production scheduling prevents the waste of production resources while accurately matching customer needs; flexible smart manufacturing not only meets customers' differentiated requirements but also enables efficient order delivery. To achieve these goals, systematic reforms are required across multiple dimensions, including concepts, technologies, processes, and organizational structures.
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