Southeast Asia Elevator And Escalator Market Outlook (2021-2027)

Market Forecast 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) And Competitive Landscape

According to 6Wresearch, the Southeast Asia Elevator And Escalator Market size is projected to grow at a CAGR of 5.1% during 2021-2027. The primary reason for growth in the Southeast Asia elevator and escalator industry can be attributed to the rapid urbanization and rising infrastructural development. Furthermore, growing demand for elevator and escalator maintenance, repair and service would also stimulate the market growth in the years to come. Favorable government efforts in different countries through Indonesia's 2045 vision, Thailand Vision 2037, Vietnam Vision 2030 towards economic development are also the prominent key parameters for growing number of infrastructure activities across the respective country which would in turn augment the demand for elevators and escalators in the coming years.

The Southeast Asia elevator and escalator market witnessed a decent growth during the period 2017-2019 underpinned by rapid growth in infrastructure development and rising urbanization in the country. However, the Covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain and halted the construction activities leading to fall in market demand and hence the market revenues.

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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.

Key Highlights of the Report

·         Southeast Asia Elevator and Escalator Market Overview

·         Southeast Asia Elevator and Escalator Market Trends

·         Southeast Asia Elevator and Escalator Market Outlook

·         Southeast Asia Elevator and Escalator Market Forecast

·         Laos Elevator and Escalator Market Revenue Share, By Market Players

·         Southeast Asia Elevator and Escalator Market Value Chain and Ecosystem

·         Laos Elevator and Escalator Market Opportunity Assessment

·         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 Porters Five Forces

·         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

·         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

·         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

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