DUBLIN--(BUSINESS WIRE)--The "Southeast Asia Elevator And Escalator Market Outlook" report has been added to ResearchAndMarkets.com's offering.
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.
The 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.
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 elevators and escalators. 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 governments' 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.
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
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
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
For more information about this report visit https://www.researchandmarkets.com/r/p6fypt
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