GEARLESS TRACTION MACHINE – MARKET FORECAST

Earlier before 2014, Indian elevator industry were demanding geared traction machine. As having more than 50+ geared machine manufacturers in India, geared traction machine were easily available at very economical rates. There were only 5% consumption of gearless traction machine in India compare to geared traction machine. But to fight against growing market of MNC companies in India, Indian elevator manufacturers have started to turned into gearless traction machine. The consumption of gearless traction machine in India against geared traction machine has been increased up to 15%. The expected growth in demand of gearless traction machine in India is around 30% by the end of 2017.