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Elevator and Escalator Market in Thailand 2025-2029

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    Report

  • 149 Pages
  • December 2024
  • Region: Thailand
  • TechNavio
  • ID: 6037145
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The elevator and escalator market in thailand is forecasted to grow by USD 262.5 million during 2024-2029, accelerating at a CAGR of 6.4% during the forecast period. The report on the elevator and escalator market in thailand provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing elderly population, expansion of commercial spaces, and expansion of public infrastructure.

The elevator and escalator market in thailand is segmented as below:

By Product

  • Elevators
  • Escalators

By Application

  • Commercial
  • Residential
  • Industrial

By Geographical Landscape

  • APAC
This study identifies the introduction of smart elevators as one of the prime reasons driving the elevator and escalator market in thailand growth during the next few years. Also, elevator maintenance using iot platforms and strategic partnerships among vendors for advancements will lead to sizable demand in the market.

The report on the elevator and escalator market in thailand covers the following areas:

  • Elevator And Escalator Market in Thailand sizing
  • Elevator And Escalator Market in Thailand forecast
  • Elevator And Escalator Market in Thailand industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in thailand vendors that include Aritco Lift AB, Cibes Lift Group AB, Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Nachaleeti Engineering Co Ltd, Nibav Lifts Pvt Ltd, Orona S. Coop., Otis Worldwide Corp., Pneumatic Vacuum Elevators LLC, Schindler Holding Ltd., SWIFT Home Lifts Sweden AB, Thai ji Co Ltd., TK Elevator GmbH, and Toshiba Corp. Also, the elevator and escalator market in thailand analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Thailand - Market size and forecast 2024-2029 ($ million)
Data Table on Thailand - Market size and forecast 2024-2029 ($ million)
Chart on Thailand: Year-over-year growth 2024-2029 (%)
Data Table on Thailand: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Elevator And Escalator Market in Thailand 2019 - 2023
Historic Market Size - Data Table on Elevator And Escalator Market in Thailand 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on the Elevator and Escalator Market in Thailand
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Elevators - Market size and forecast 2024-2029
Chart on Elevators - Market size and forecast 2024-2029 ($ million)
Data Table on Elevators - Market size and forecast 2024-2029 ($ million)
Chart on Elevators - Year-over-year growth 2024-2029 (%)
Data Table on Elevators - Year-over-year growth 2024-2029 (%)
8.4 Escalators - Market size and forecast 2024-2029
Chart on Escalators - Market size and forecast 2024-2029 ($ million)
Data Table on Escalators - Market size and forecast 2024-2029 ($ million)
Chart on Escalators - Year-over-year growth 2024-2029 (%)
Data Table on Escalators - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Commercial - Market size and forecast 2024-2029
Chart on Commercial - Market size and forecast 2024-2029 ($ million)
Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
Chart on Commercial - Year-over-year growth 2024-2029 (%)
Data Table on Commercial - Year-over-year growth 2024-2029 (%)
9.4 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ million)
Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.5 Industrial - Market size and forecast 2024-2029
Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Chart on Industrial - Year-over-year growth 2024-2029 (%)
Data Table on Industrial - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Aritco Lift AB
Aritco Lift AB - Overview
Aritco Lift AB - Product / Service
Aritco Lift AB - Key offerings
SWOT
13.5 Cibes Lift Group AB
Cibes Lift Group AB - Overview
Cibes Lift Group AB - Product / Service
Cibes Lift Group AB - Key offerings
SWOT
13.6 Fujitec Co. Ltd.
Fujitec Co. Ltd. - Overview
Fujitec Co. Ltd. - Business segments
Fujitec Co. Ltd. - Key news
Fujitec Co. Ltd. - Key offerings
Fujitec Co. Ltd. - Segment focus
SWOT
13.7 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT
13.8 Hyundai Elevator Co. Ltd.
Hyundai Elevator Co. Ltd. - Overview
Hyundai Elevator Co. Ltd. - Product / Service
Hyundai Elevator Co. Ltd. - Key news
Hyundai Elevator Co. Ltd. - Key offerings
SWOT
13.9 KONE Corp.
KONE Corp. - Overview
KONE Corp. - Product / Service
KONE Corp. - Key news
KONE Corp. - Key offerings
SWOT
13.10 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
SWOT
13.11 Nibav Lifts Pvt Ltd
Nibav Lifts Pvt Ltd - Overview
Nibav Lifts Pvt Ltd - Product / Service
Nibav Lifts Pvt Ltd - Key offerings
SWOT
13.12 Orona S. Coop.
Orona S. Coop. - Overview
Orona S. Coop. - Product / Service
Orona S. Coop. - Key offerings
SWOT
13.13 Otis Worldwide Corp.
Otis Worldwide Corp. - Overview
Otis Worldwide Corp. - Business segments
Otis Worldwide Corp. - Key offerings
Otis Worldwide Corp. - Segment focus
SWOT
13.14 Pneumatic Vacuum Elevators LLC
Pneumatic Vacuum Elevators LLC - Overview
Pneumatic Vacuum Elevators LLC - Product / Service
Pneumatic Vacuum Elevators LLC - Key offerings
SWOT
13.15 Schindler Holding Ltd.
Schindler Holding Ltd. - Overview
Schindler Holding Ltd. - Product / Service
Schindler Holding Ltd. - Key offerings
SWOT
13.16 Thai ji Co Ltd.
Thai ji Co Ltd. - Overview
Thai ji Co Ltd. - Product / Service
Thai ji Co Ltd. - Key offerings
SWOT
13.17 TK Elevator GmbH
TK Elevator GmbH - Overview
TK Elevator GmbH - Product / Service
TK Elevator GmbH - Key offerings
SWOT
13.18 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on Thailand - Market size and forecast 2024-2029 ($ million)
Exhibits 18: Data Table on Thailand - Market size and forecast 2024-2029 ($ million)
Exhibits 19: Chart on Thailand: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on Thailand: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Elevator And Escalator Market in Thailand 2019 - 2023 ($ million)
Exhibits 22: Historic Market Size - Product Segment 2019 - 2023 ($ million)
Exhibits 23: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Product - Market share 2024-2029 (%)
Exhibits 32: Data Table on Product - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Product
Exhibits 34: Data Table on Comparison by Product
Exhibits 35: Chart on Elevators - Market size and forecast 2024-2029 ($ million)
Exhibits 36: Data Table on Elevators - Market size and forecast 2024-2029 ($ million)
Exhibits 37: Chart on Elevators - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Elevators - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Escalators - Market size and forecast 2024-2029 ($ million)
Exhibits 40: Data Table on Escalators - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Chart on Escalators - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Escalators - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Product ($ million)
Exhibits 44: Data Table on Market opportunity by Product ($ million)
Exhibits 45: Chart on Application - Market share 2024-2029 (%)
Exhibits 46: Data Table on Application - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by Application
Exhibits 48: Data Table on Comparison by Application
Exhibits 49: Chart on Commercial - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
Exhibits 51: Chart on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 54: Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 55: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 57: Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits 58: Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Chart on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits 60: Data Table on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits 61: Market opportunity by Application ($ million)
Exhibits 62: Data Table on Market opportunity by Application ($ million)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2024 and 2029
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Company ranking index
Exhibits 70: Matrix on companies position and classification
Exhibits 71: Aritco Lift AB - Overview
Exhibits 72: Aritco Lift AB - Product / Service
Exhibits 73: Aritco Lift AB - Key offerings
Exhibits 74: SWOT
Exhibits 75: Cibes Lift Group AB - Overview
Exhibits 76: Cibes Lift Group AB - Product / Service
Exhibits 77: Cibes Lift Group AB - Key offerings
Exhibits 78: SWOT
Exhibits 79: Fujitec Co. Ltd. - Overview
Exhibits 80: Fujitec Co. Ltd. - Business segments
Exhibits 81: Fujitec Co. Ltd. - Key news
Exhibits 82: Fujitec Co. Ltd. - Key offerings
Exhibits 83: Fujitec Co. Ltd. - Segment focus
Exhibits 84: SWOT
Exhibits 85: Hitachi Ltd. - Overview
Exhibits 86: Hitachi Ltd. - Business segments
Exhibits 87: Hitachi Ltd. - Key news
Exhibits 88: Hitachi Ltd. - Key offerings
Exhibits 89: Hitachi Ltd. - Segment focus
Exhibits 90: SWOT
Exhibits 91: Hyundai Elevator Co. Ltd. - Overview
Exhibits 92: Hyundai Elevator Co. Ltd. - Product / Service
Exhibits 93: Hyundai Elevator Co. Ltd. - Key news
Exhibits 94: Hyundai Elevator Co. Ltd. - Key offerings
Exhibits 95: SWOT
Exhibits 96: KONE Corp. - Overview
Exhibits 97: KONE Corp. - Product / Service
Exhibits 98: KONE Corp. - Key news
Exhibits 99: KONE Corp. - Key offerings
Exhibits 100: SWOT
Exhibits 101: Mitsubishi Electric Corp. - Overview
Exhibits 102: Mitsubishi Electric Corp. - Business segments
Exhibits 103: Mitsubishi Electric Corp. - Key offerings
Exhibits 104: Mitsubishi Electric Corp. - Segment focus
Exhibits 105: SWOT
Exhibits 106: Nibav Lifts Pvt Ltd - Overview
Exhibits 107: Nibav Lifts Pvt Ltd - Product / Service
Exhibits 108: Nibav Lifts Pvt Ltd - Key offerings
Exhibits 109: SWOT
Exhibits 110: Orona S. Coop. - Overview
Exhibits 111: Orona S. Coop. - Product / Service
Exhibits 112: Orona S. Coop. - Key offerings
Exhibits 113: SWOT
Exhibits 114: Otis Worldwide Corp. - Overview
Exhibits 115: Otis Worldwide Corp. - Business segments
Exhibits 116: Otis Worldwide Corp. - Key offerings
Exhibits 117: Otis Worldwide Corp. - Segment focus
Exhibits 118: SWOT
Exhibits 119: Pneumatic Vacuum Elevators LLC - Overview
Exhibits 120: Pneumatic Vacuum Elevators LLC - Product / Service
Exhibits 121: Pneumatic Vacuum Elevators LLC - Key offerings
Exhibits 122: SWOT
Exhibits 123: Schindler Holding Ltd. - Overview
Exhibits 124: Schindler Holding Ltd. - Product / Service
Exhibits 125: Schindler Holding Ltd. - Key offerings
Exhibits 126: SWOT
Exhibits 127: Thai ji Co Ltd. - Overview
Exhibits 128: Thai ji Co Ltd. - Product / Service
Exhibits 129: Thai ji Co Ltd. - Key offerings
Exhibits 130: SWOT
Exhibits 131: TK Elevator GmbH - Overview
Exhibits 132: TK Elevator GmbH - Product / Service
Exhibits 133: TK Elevator GmbH - Key offerings
Exhibits 134: SWOT
Exhibits 135: Toshiba Corp. - Overview
Exhibits 136: Toshiba Corp. - Business segments
Exhibits 137: Toshiba Corp. - Key news
Exhibits 138: Toshiba Corp. - Key offerings
Exhibits 139: Toshiba Corp. - Segment focus
Exhibits 140: SWOT
Exhibits 141: Inclusions checklist
Exhibits 142: Exclusions checklist
Exhibits 143: Currency conversion rates for US$
Exhibits 144: Research methodology
Exhibits 145: Information sources
Exhibits 146: Data validation
Exhibits 147: Validation techniques employed for market sizing
Exhibits 148: Data synthesis
Exhibits 149: 360 degree market analysis
Exhibits 150: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the elevator and escalator market in thailand: Aritco Lift AB, Cibes Lift Group AB, Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Nachaleeti Engineering Co Ltd, Nibav Lifts Pvt Ltd, Orona S. Coop., Otis Worldwide Corp., Pneumatic Vacuum Elevators LLC, Schindler Holding Ltd., SWIFT Home Lifts Sweden AB, Thai ji Co Ltd., TK Elevator GmbH, and Toshiba Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is introduction of smart elevators."

According to the report, one of the major drivers for this market is the growing elderly population.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aritco Lift AB
  • Cibes Lift Group AB
  • Fujitec Co. Ltd.
  • Hitachi Ltd.
  • Hyundai Elevator Co. Ltd.
  • KONE Corp.
  • Mitsubishi Electric Corp.
  • Nachaleeti Engineering Co Ltd
  • Nibav Lifts Pvt Ltd
  • Orona S. Coop.
  • Otis Worldwide Corp.
  • Pneumatic Vacuum Elevators LLC
  • Schindler Holding Ltd.
  • SWIFT Home Lifts Sweden AB
  • Thai ji Co Ltd.
  • TK Elevator GmbH
  • Toshiba Corp.