Tier-2 & 3 Driving Growth of Elevator Companies

As per a report by IBEF, the next chapter of growth in elevators and escalators is being written in Tier-2 & 3 cities. Lucknow and Jaipur, and fast-growing hubs such as Indore, Surat, Kochi and Coimbatore are experiencing construction booms, often featuring mid-rise and even high-rise developments, while Bhubaneswar and Vadodara now have 15–20 storey towers.

Serving smaller cities comes with both challenges and opportunities. Developers and customers want modern amenities but often select basic elevator models that are more cost-effective. In response, elevator manufacturers have developed scalable designs that can easily be upsold to meet the demands of more luxurious projects. For example, manufacturers offer simpler cabin interiors and fewer luxury features while still maintaining core performance and safety.

Smaller towns often suffer power outages, so elevators there commonly include voltage stabilisers and battery-backed rescue devices. Companies are also tailoring their maintenance packages for these cities, using IoT remote monitoring, and even expanding their service networks to ensure timely support.

In fact, in many ways, smaller cities are advancing to the latest technology with new malls and airports being outfitted with modern escalators and elevators. The demands have spurred innovations such as simpler bilingual controls and more rugged elevator designs. Companies that get in early in these growth centres stand to gain as Tier-2 towns see the next level of growth.

---

Our elevators are designed to enhance the contemporary look of modern residential buildings in low, mid, or high-rise residential and commercial buildings in Tier 2 cities, while delivering excellent ride comfort and significant energy savings.
Amit Gossain
Managing Director
KONE Elevator India Readmore...Our vertical mobility solutions in India’s rapidly developing Tier 2 & 3 cities include local engagement, safety advocacy, and reliable after-sales service.
Manish Mehan
CEO & MD
TK Elevator India Readmore...Evacuation norms will define the next generation of high-rise infrastructure.
Dr. Deepak Monga
VP - Fire & Safety
Safe Reach Elevator Readmore...Our approach is not to scale down metro products, but to engineer specifically for the realities of Tier 2 cities with elevators that are efficient, reliable, and suited to their environment.
Hiren Bathani
CMD
Epic Elevators Readmore...We are enabling inclusive urban growth by unlocking vertical mobility in Tier 2 cities with elevators that are modular, compact, robust, and are easy to operate and maintain.
Omesh Narula
CEO
EASA Elevators Readmore...Our focus on safety, innovation, and service positions us to cater to the emerging markets of Tier 2 & 3 cities.
S. Sujay Sudarshan
Executive Director
Professional Elevators Readmore...With a no pit, no headroom, no machine room design and single-phase operation, our elevators are engineered for easy installation and long-term reliability.
Vinoth Kannan
CTO & Co-Founder
Stag Elevators Readmore...The MP × YugX partnership assures customers of European engineering and safety, consistency in quality, and a long-term service commitment.
Anurag Gupta
Founder & MD
YugX Lifts Readmore...