The Southeast Asia elevator and escalator market report thoroughly covers market by product types, new installation vs services, applications, elevator types, escalator types and countries. Southeast Asia elevator and escalator market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Southeast Asia Elevator and Escalator Market Synopsis
The Southeast Asia elevator and escalator market saw decent growth in recent years on account of increased focus on developing urban infrastructure in emerging markets like Indonesia to support the growing urban population in the region. Furthermore, on the back of rising construction sectors in countries like Philippines, the market demand has risen significantly for elevator and escalator. However, the COVID -19 outbreak impacted the infrastructure development process and hence the market registered decline in revenues, owing to supply chain disruption and social distancing measures.
According to the publisher, the Southeast Asia Elevator And Escalator Market size is projected to grow at a CAGR of 5.1% during 2021-2027. The key factors for projected growth would be the increasing expenditure on infrastructure development and growing construction sector owing to rapid urbanization in the region. The region’s rising urban population and government’s focus towards economic development like Vietnam vision 2030 and Indonesia’s 2045 Vision, makes the elevator and escalator market more promising during the forecast period.
Market by Product Types Analysis
Elevators garnered 72.6% revenue share in 2020 in Southeast Asia elevator and escalator market owing to their traditional usage in commercial, residential and industrial spaces, in addition to lower space requirement, higher load capacity and faster transportation of goods and people across multiple floors.
Market by Country Analysis
Among all the countries of Southeast Asia, Vietnam acquired the 21.9% market revenue share for the year 2020 owing to an increase in commercial, industrial, and residential projects across Vietnam which is creating a surge in demand for elevators and escalators in the country.
Southeast Asia Elevator and Escalator Market Synopsis
The Southeast Asia elevator and escalator market saw decent growth in recent years on account of increased focus on developing urban infrastructure in emerging markets like Indonesia to support the growing urban population in the region. Furthermore, on the back of rising construction sectors in countries like Philippines, the market demand has risen significantly for elevator and escalator. However, the COVID -19 outbreak impacted the infrastructure development process and hence the market registered decline in revenues, owing to supply chain disruption and social distancing measures. According to the publisher, the Southeast Asia Elevator And Escalator Market size is projected to grow at a CAGR of 5.1% during 2021-2027. The key factors for projected growth would be the increasing expenditure on infrastructure development and growing construction sector owing to rapid urbanization in the region. The region’s rising urban population and government’s focus towards economic development like Vietnam vision 2030 and Indonesia’s 2045 Vision, makes the elevator and escalator market more promising during the forecast period.
Market by Product Types Analysis
Elevators garnered 72.6% revenue share in 2020 in Southeast Asia elevator and escalator market owing to their traditional usage in commercial, residential and industrial spaces, in addition to lower space requirement, higher load capacity and faster transportation of goods and people across multiple floors.Market by Country Analysis
Among all the countries of Southeast Asia, Vietnam acquired the 21.9% market revenue share for the year 2020 owing to an increase in commercial, industrial, and residential projects across Vietnam which is creating a surge in demand for elevators and escalators in the country.Key Attractiveness of the Report
- COVID-19 Impact on the Market
- 10 Years Market Numbers
- Historical Data Starting from 2017 to 2020
- Base Year: 2020
- Forecast Data until 2027
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report
- Southeast Asia Elevator and Escalator Market Overview
- Southeast Asia Elevator and Escalator Market Outlook
- Southeast Asia Elevator and Escalator Market Forecast
- Historical Data and Forecast of Southeast Asia Elevator and Escalator Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of Southeast Asia New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Southeast Asia Elevator and Escalator Market Revenue Share, By Countries, for 2020 & 2027F
- Historical Data and Forecast of Southeast Asia New Installation Elevator and Escalator Market Revenue Share, By Countries, for 2020 & 2027F
- Historical Data and Forecast of Southeast Asia Elevator and Escalator Service Market Revenue Share, By Countries, for 2020 & 2027F
- Thailand Elevator and Escalator Market Overview
- Thailand Elevator and Escalator Market Outlook
- Thailand Elevator and Escalator Market Forecast
- Historical Data and Forecast of Thailand Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Thailand New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Thailand Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Thailand Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Thailand New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Thailand Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Thailand New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Thailand Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Thailand Elevator and Escalator Market Opportunity Assessment
- Thailand Elevator and Escalator Market Revenue Share, By Market Players
- Indonesia Elevator and Escalator Market Overview
- Indonesia Elevator and Escalator Market Outlook
- Indonesia Elevator and Escalator Market Forecast
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Indonesia Elevator and Escalator Market Opportunity Assessment
- Indonesia Elevator and Escalator Market Revenue Share, By Market Players
- Malaysia Elevator and Escalator Market Overview
- Malaysia Elevator and Escalator Market Outlook
- Malaysia Elevator and Escalator Market Forecast
- Historical Data and Forecast of Malaysia Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Malaysia Elevator and Escalator Market Opportunity Assessment
- Malaysia Elevator and Escalator Market Revenue Share, By Market Players
- Singapore Elevator and Escalator Market Overview
- Singapore Elevator and Escalator Market Outlook
- Singapore Elevator and Escalator Market Forecast
- Historical Data and Forecast of Singapore Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Singapore New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Singapore Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Singapore Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Singapore New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Singapore Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Singapore New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Singapore Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Singapore Elevator and Escalator Market Opportunity Assessment
- Singapore Elevator and Escalator Market Revenue Share, By Market Players
- Vietnam Elevator and Escalator Market Overview
- Vietnam Elevator and Escalator Market Outlook
- Vietnam Elevator and Escalator Market Forecast
- Historical Data and Forecast of Vietnam Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Vietnam Elevator and Escalator Market Opportunity Assessment
- Vietnam Elevator and Escalator Market Revenue Share, By Market Players
- Brunei Elevator and Escalator Market Overview
- Brunei Elevator and Escalator Market Outlook
- Brunei Elevator and Escalator Market Forecast
- Historical Data and Forecast of Brunei Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Brunei New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Brunei Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Brunei Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Brunei New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Brunei Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Brunei New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Brunei Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Brunei Elevator and Escalator Market Opportunity Assessment
- Brunei Elevator and Escalator Market Revenue Ranking, By Market Players
- Myanmar Elevator and Escalator Market Overview
- Myanmar Elevator and Escalator Market Outlook
- Myanmar Elevator and Escalator Market Forecast
- Historical Data and Forecast of Myanmar Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Myanmar Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Myanmar Elevator and Escalator Market Opportunity Assessment
- Myanmar Elevator and Escalator Market Revenue Share, By Market Players
- Cambodia Elevator and Escalator Market Overview
- Cambodia Elevator and Escalator Market Outlook
- Cambodia Elevator and Escalator Market Forecast
- Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Cambodia Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Cambodia Elevator and Escalator Market Opportunity Assessment
- Cambodia Elevator and Escalator Market Revenue Ranking, By Market Players
- Laos Elevator and Escalator Market Overview
- Laos Elevator and Escalator Market Outlook
- Laos Elevator and Escalator Market Forecast
- Historical Data and Forecast of Laos Elevator and Escalator Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Laos New Installation Elevator and Escalator Market Revenues and Volume, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Laos Elevator and Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Laos Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Laos New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Laos Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Laos New Installation Escalator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Laos Escalator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Laos Elevator and Escalator Market Opportunity Assessment
- Laos Elevator and Escalator Market Revenue Share, By Market Players
- Southeast Asia Elevator and Escalator Market Value Chain and Ecosystem
- Covid-19 Impact on Southeast Asia Elevator and Escalator Market
- Southeast Asia Elevator and Escalator Market Drivers and Restraints
- Southeast Asia Elevator and Escalator Market Trends
- Southeast Asia Elevator and Escalator Market Porters Five Forces
- Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product Types
- Elevator
- Passenger Elevator
- Home Elevator
- Cargo Elevator
- Escalator
- Moving Stairway
- Moving Walkway
By Types
- New Installations
- Services
- By Service Types
- Maintenance
- Modernization
By Applications
- Residential
- Commercial
- Industrial
By Countries
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Brunei
- Myanmar
- Cambodia
- Laos
- Rest of Southeast Asia
Table of Contents
1. Executive Summary4. Covid-19 Impact Analysis on Southeast Asia Elevator and Escalator Market6. Southeast Asia Elevator and Escalator Market Trends19. Key Strategic Recommendations20. Disclaimer
2. Introduction
3. Southeast Asia Elevator and Escalator Market Overview
5. Southeast Asia Elevator and Escalator Market Dynamics
7. Thailand Elevator and Escalator Market Overview
8. Indonesia Elevator and Escalator Market Overview
9. Malaysia Elevator and Escalator Market Overview
10. Singapore Elevator and Escalator Market Overview
11. Vietnam Elevator and Escalator Market Overview
12. Brunei Elevator and Escalator Market Overview
13. Myanmar Elevator and Escalator Market Overview
14. Cambodia Elevator and Escalator Market Overview
15. Laos Elevator and Escalator Market Overview
16. Rest of Southeast Asia Elevator and Escalator Market Overview
17. Southeast Asia Elevator and Escalator Market Competitive Landscape
18. Company Profiles
List of Figures
List of Table s
Companies Mentioned
- Hitachi Ltd
- Hyundai Elevator Co.Ltd
- KONE Corporation
- Mitsubishi Electric Corporation
- Otis Worldwide Corporation
- Schindler Holding Ltd.
- TK Elevator GmbH
- Toshiba Elevator & Building Systems Corporation
- Fujitec Co. Ltd
- Sigma Elevator Company