Southeast Asian Elevator Market, Forecast to 2021

Growing Mega Cities and Increasing Adoption of Machine-Roomless Technology to Drive Growth

USD 3,000

* Required Fields

USD 3,000

PAY BY INVOICE

Be the first to review this product

The elevator market in Southeast Asia is at the growth stage. Of the four countries covered in the study, Thailand led the elevator demand in Southeast Asia by revenue and market share. This is followed by Vietnam, Indonesia, and the Philippines in descending order. Although the Philippines has the lowest share, it is expected to register the fastest growth in the region's elevator market. Additionally, the market dynamic is expected to change at the end of the forecast period of 2021 with Vietnam and Indonesia.

The Southeast Asia region has observed rapid growth in its urban population, particularly in developing countries. Building construction development, especially in the residential and commercial units, will drive a greater demand for new elevators. On the other hand, elevator modernization works are expected to be driven by the increasing focus on development of smart and green buildings or cities.

Growth of mega cities in Southeast Asia is a key market trend and opportunity. As a greater number of people migrate into these mega cities, the population densities are expected to increase. This is likely to drive the demand for tall buildings, which makes the need for elevators unavoidable. Next, the growing acceptance of machine-roomless elevators in recent years due to their attractive pricing and lack of need for machine rooms at the top level of the buildings has prompted higher demand for such elevators. Going forward, the market will experience consolidation of market participants, whereby large and international elevator companies will acquire local brands in Southeast Asia.

The market trends have been analyzed for a study period of 2016 to 2021. In addition to market revenue and unit shipment, key trends have been provided in each of the four countries covered in this study. Companies mentioned in the study include Hyundai Elevator, Kone, Mitsubishi Elevator, OTIS, Schindler, Sigma, and ThyssenKrupp Elevator.

Key Questions this Study will Answer:
•     How is the elevator market growing in the fastest growing economies in Southeast Asia?
•     Which are the leading elevator companies in these Southeast Asian countries?
•     What are the key success factors and how is it different in each Southeast Asian elevator market?
•     Where are the key opportunities and elevator customer segments in these countries?
•     Are there any innovations in elevator’s technology and other market trends? How are they affecting the market?

Table of Contents

Executive SummaryKey FindingsKey Findings (continued)IntroductionMarket ScopeMarket Scope (continued)DefinitionsDefinitions (continued)Definitions (continued)Key Questions This Study Will AnswerMarket OverviewMarket DriversDrivers ExplainedDrivers Explained (continued)Market RestraintsRestraints ExplainedRestraints Explained (continued)Total Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type Total New Elevator Installation Market—Unit Shipment and Revenue ForecastTotal New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End UsersIndonesiaIndonesian Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project TypeIndonesian New Elevator Installation Market—Unit Shipment and Revenue ForecastIndonesia New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End UserMarket TrendsMarket Trends (continued)ThailandThailand Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type Thailand New Elevator Installation Market—Unit Shipment and Revenue ForecastThailand New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End UsersMarket TrendsMarket Trends (continued)VietnamVietnam Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type Vietnam New Elevator Installation Market—Unit Shipment and Revenue ForecastVietnam New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End UsersMarket TrendsMarket Trends (continued)The PhilippinesThe Philippines Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type The Philippines New Elevator Installation Market—Unit Shipment and Revenue ForecastThe Philippines Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End UsersMarket TrendsMarket Trends (continued)Growth Opportunities and Companies to ActionGrowth Opportunity 1—Growing MegacitiesGrowth Opportunity 2—Increasing Adoption of Machine- Roomless (MRL) ElevatorsGrowth Opportunity 3—Partnership or M&A for Market Quick WinsStrategic Imperatives for Success and Growth The Last WordConclusionsLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition—Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




Keyword1
elevator in southeast asia
Keyword2
southeast asian elevator
Keyword3
elevator in southeast asia

Related Research

Release Date : 13-Apr-17

Region : Asia Pacific

Release Date : 17-Jan-17

Region : Asia Pacific

Release Date : 03-Jan-17

Region : Asia Pacific

Release Date : 20-Apr-2015

Region : Asia Pacific

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.