PUBLISHED DATE : Sep 2022 | Pages : 108
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Malaysia Elevator and Escalator Market Size (Volume)
Malaysia Elevator Market Size (Volume)
Malaysia Escalator Market Size by Volume
Malaysia Elevator and Escalator Size, Share, & Trends Analysis Report by
Elevator Market Segmentation
Escalator Market Segmentation
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast 2021-2028
108 Pages
21 Tables
51 Charts
1 Regions
1 Countries
14 Companies
6 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE BY NEW INSTALLATIONS (2028) | 3 thousand units |
| MARKET SIZE BY NEW INSTALLATIONS (2021) | 2.4 thousand units |
| CAGR (2022-2028) | 3.01% |
| MARKET SIZE BY INSTALLED BASE (2028) | 92.1 thousand units |
| MARKET SIZE BY MODERNIZATION (2028) | USD 659.65 Million |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2022-2028 |
| MARKET SEGMENTATION BY CARRAIGE TYPE | Passenger and Freight |
| MARKET SEGMENTATION BY CAPACITY | 2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above |
| MARKET SEGMENTATION BY END-USER | Commercial, Residential, Industrial, and Others |
| MARKET SEGMENTATION BY TYPE | Hydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others |
The Malaysia elevator and escalator market is expected to grow at a CAGR of 3.01% and is expected to reach 3 thousand units by 2028 from 2.4 thousand units in 2021. Increased urbanization, growing demand for high-rise structures, and the government's focus on infrastructure in key economic cities have propelled Malaysia’s elevator & escalator business to new heights. The cities in Southeast Asia are becoming denser due to rising urbanization, which has increased the number of high-rise residential and commercial structures; these structures further propel the Malaysia elevator and escalator market growth.
The Malaysia elevator market by the installed base is expected to reach 76,914 units by 2028. Significant infrastructure projects funded by the government encourage the development of elevators in the area. Additionally, when average building height and density rise, there is a greater need for vertical transit inside the building, which increases elevator utilization. Further, the Malaysia escalator market by the installed base is expected to reach 15,226 units by 2028, growing at a CAGR of 2.07%. Malaysia’s urban population has been increasing at an average annual rate of 4%, now accounting for 75% of the total population. Urban regions need certain infrastructure requirements to facilitate people with easy access to all necessities, so escalators demand is likely to increase with increasing commercial and infrastructure projects.
Sustainable Construction Practices To Boost Demand For Installation Of Elevators In Residential Buildings
Governments Effort To Expand Infrastructure Across Nation To Increase Demand For New Installations.
Regulations For Maintenance of Elevators And Escalators In Malaysia By Building Construction Authority To Create Demand
Frequently Asked Questions
How big is the Malaysia Elevator and Escalator market?
The Malaysia elevator & escalator market size by new installations accounted for 2.4 thousand units in 2021 and is expected to reach 3 thousand units by 2028.
What will be the growth rate of the Malaysia Elevator and Escalator market?
The Malaysia elevator & escalator market is expected to grow at a CAGR of 3.01% from 2021 to 2028.
What are the growth factors for the Malaysia Elevator and Escalator market?
The significant contribution to the Malaysia Elevator and Escalator market is made by the urbanization and increasing demand for sustainable construction activities, smart elevators, and adoption of sustainable construction.
How many elevators and escalators were installed in Malaysia in 2021?
65 thousand units of elevators and escalators were installed in Malaysia in 2021.
Who are the key companies in the Malaysia Elevator and Escalator market?
The key players are KONE, Otis, Hyundai Elevator, TK Elevator, Mitsubishi Electric, Hitachi, Schindler, and Fujitec.
The Malaysia elevator & escalator market by new installations was estimated at 2.4 thousand units in 2021 and is expected to reach 3 thousand units by 2028 growing at a CAGR of 3.01% during the forecast period (2021-2028)
Base Year: 2021
Forecast Year: 2021-2028
The report considers the present scenario of the Malaysia elevators & escalators market and market dynamics for 2021−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the volume and value sales with a segment analysis of Malaysia's elevator & escalator market.
Key Vendors
Other Prominent Vendors
Elevator Market Segmentation by
Machine Type
Carriage Type
Capacity
End-User
Escalator Market Segmentation by
Product Type
End-User
Section 1 – Introduction
• Market Scope
• Market Snapshot of Elevators
• Market Snapshot of Escalators
• Executive Summary
Section 2 – Malaysia Elevators Market
Future Outlook -Malaysia Elevator Market By Volume
2.1- Malaysia Escalators Market- By Segments
2.1.1- Malaysia Escalators Market, By Volume
Malaysia Escalators Market Size and Forecast, Volume (Units), 2019–2028
2.1.1.1. Malaysia Elevators Market, By Type
Hydraulic and Pneumatic, Market Size and Forecast, Volume (Units),2019–2028
Machine Room Traction, Market Size and Forecast, Volume (Units), 2019–2028
Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2019–2028
Others, Market Size and Forecast, Volume (Units), 2019–2028
2.1.1.2. Malaysia Elevators & Escalators Market by Carriage Type
Passenger, Market Size and Forecast, Volume (Units), 2019–2028
Freight, Market Size and Forecast, Volume (Units), 2019–2028
2.1.1.3. Malaysia Elevators Market by Persons
2-15 Persons, Market Size and Forecast, Volume (Units), 2019–2028
16-24 Persons, Market Size and Forecast, Volume (Units), 2019–2028
25-33 Persons, Market Size and Forecast, Volume (Units), 2019–2028
34 Persons and Above, Market Size and Forecast, Volume (Units), 2019–2028
2.1.1.4. Malaysia Elevators Market by End Users
Commercial, Market Size and Forecast, Volume (Units), 2019–2028
Residential, Market Size and Forecast, Volume (Units), 2019–2028
Industrial, Market Size and Forecast, Volume (Units), 2019–2028
Others, Market Size and Forecast, Volume (Units), 2019–2028
Section 3- Malaysia Escalators Market
Future Outlook - Malaysia Escalators Market by Volume
3.1- Malaysia Escalators Market- By Segments
3.1.1- Malaysia Escalators Market, By Volume
Malaysia Escalators Market Size and Forecast, Volume (Units), 2019–2028
3.1.1.1 Malaysia Escalator Market by Type
Parallel, Market Size and Forecast, Volume (Units) , 2019–2028
Multi-parallel, Market Size and Forecast, Volume (Units) , 2019–2028
Walkway, Market Size and Forecast, Volume (Units) , 2019–2028
Crisscross, Market Size and Forecast, Volume (Units) , 2019–2028
3.1.1.2 Malaysia Escalator Market by End users
Commercial, Market Size and Forecast, Volume (Units), 2019–2028
Public Transit, Market Size and Forecast, Volume (Units), 2019–2028
Others, Market Size and Forecast, Volume (Units), 2019–2028
Section 4 Malaysia Elevators &Escalators Market, By service (Maintenance & Modernization)
Section 5-Geographical Analysis
Key Economic cities in Malaysia
Section 6- Market Dynamics
• Market Drivers, Opportunities, Restraints, Trends
Section 7 – Technological Development
Section 8– Competitive Landscape
1. Company Profile of major Vendors
2. Other Prominent vendors
Section 9 – Report Summary
1. List of Abbreviations
Section 10– Appendix (Report Scope & Definition)
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
1. Malaysia Elevator & Escalator Installed Base by Volume 2018-2028 (Units)
2. Malaysia Elevator & Escalator New Installations by Volume 2018-2028 (Units)
3. Market Share 2021: Maintenance
4. Market Share 2021: Modernization
5. Elevators and Escalators Installed Base : Volume (Units in Thousands)
6. Elevators and Escalators New Installations: Volume (Units in Thousands)
7. Global Elevators & Escalators Market: Products & Services 2021: New installations
8. Maintenance market: Global regions vs Asia Pacific Q1 2022
9. Installed base of elevators by volume (units )
10. New Installations of elevators by volume (units )
11. Maintenance & Modernization Value($Million)
12. Maintenance & Modernization 2021(%)
13. Installed base of escalators by volume (units )
14. New Installations of escalators by volume (units )
15. Maintenance & Modernization Value($Million)
16. Maintenance & Modernization 2021(%)
17. Installed base and New installations of Elevators (Units)
18. New Installations of Elevators (Units)
19. Hotel projects by region
20. Total approved investments-2021
21. Hotel projects under pipeline
22. Extended elevator life cycle
23. Average life expectancy of elevator components
24. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
25. Machine Room less Traction Elevators Installed base and New Installations (Units)
26. Machine Room Traction Elevators Installed base and New Installations (Units)
27. Others Machine Elevators Installed base and New Installation (Units)
28. Installed base and new installations of Passenger Elevators (Units)
29. Installed base and new installations of Freight Elevators (Units)
30. Installed base and new installations of 2–15 persons elevators (Units)
31. Installed base and new installations of 16-24 persons elevators (Units)
32. Installed base and new installations of 25-33 persons elevators (Units)
33. Installed base and new installations of 34 persons and above elevators (Units)
34. Installed base and new installations of Commercial Elevators (Units)
35. Installed base and new installations of Residential Elevators (Units)
36. Installed base and new installations of Industrial Elevators (Units)
37. Installed base and new installations of other end-user Elevators (units)
38. Installed base and new installations of escalators (Units)
39. New installations of escalators (Units)
40. Installed base and new installations of Parallel Escalators (Units)
41. Installed base and new installations of Multi parallel Escalators (Units)
42. Installed base and new installations of Moving Walkway Escalators (Units)
43. Installed base and new installations of Criss cross Escalators (units)
44. Installed base and new installations of Public Transit Escalators (Units)
45. Installed base and new installations of Commercial Escalators (Units)
46. Installed base and new installations of Other End user Escalators (units)
47. Malaysia Elevators & Escalators Maintenance Market ($ Mn)
48. Malaysia Elevators & Escalators Modernization Market ($ Mn)
49. Elevators and Escalators market : Top state share Malaysia 2021
50. Various proposed and under construction industrial projects in Kuala Lumpur region 2022
51. Market share 2020(% share)
52. Mitsubishi, total sales by segment2020(%share)
53. Schindler, total sales 2017-2020($billion)
54. TKE total sales 2020-2021($billion)
55. KONE, total sales by segment 2020(%share)
56. Hitachi, total sales by segment 2020 (% share)
57. Otis total sales 2019-2021($billion)
58. Hyundai, sales 2018-2020($billion)
59. Fujitec net sales 2017-2021
LIST OF TABLES
1. Number of tall buildings by countries
2. Top 10 tall buildings in Malaysia
3. By Machine, New Installations, Total Incremental Opportunity, 2021-2028
4. By Carriage Type, New Installations, Total Incremental Opportunity, 2021-2028
5. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2021-2028
6. By End User, New Installations, Total Incremental Opportunity, 2021-2028
7. By Product, New Installations, Total Incremental Opportunity, 2021-2028
8. By End User, New Installations, Total Incremental Opportunity, 2021-2028
9. Malaysian standards for lifts and escalators
10. Scrap Value
11. Various upcoming retail projects in Kuala Lumpur
12. Various upcoming office projects in Kuala Lumpur
13. Property market by sector 2021
14. Developments/ projects
15. Elevators market size & forecast, by type (Units)
16. Elevators by Carriage Type Market Size & Forecast (Units)
17. Elevators market size & forecast, by persons (Units)
18. Elevators by End-Users Market Size & Forecast(Units)
19. Escalators market size & forecast, by type (Units)
20. Escalators market size & forecast, by end users(Units)
21. List of abbreviations
Single User Licence
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