PUBLISHED DATE : Nov 2022 | Pages : 106
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Philippines Elevator and Escalator Market Size (Volume)
Philippines Elevator Market Size (Volume)
Philippines Escalator Market Size by Volume
Philippines Elevator And Escalator Market 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 2022-2028
106 Pages
21 Tables
55 Charts
1 Regions
1 Countries
13 Companies
6 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE BY NEW INSTALLATIONS (2028) | 3.4 thousand units |
| MARKET SIZE BY NEW INSTALLATIONS (2021) | 2.3 thousand units |
| CAGR (2022-2028) | 5.36% |
| MARKET SIZE BY INSTALLED BASE (2028) | 51.7 thousand units |
| MARKET SIZE BY MODERNIZATION (2028) | USD 299.9 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 Philippines elevator and escalator market by new installations is expected to reach 3.4 thousand units by 2028 from 2.3 thousand units in 2021, growing at a CAGR of 5.36% during the forecast period (2022-2028). Increasing demand for high-rise structures and the government's focus on infrastructure in key economic cities have propelled the Philippines’s escalator and elevator business to new heights.
The Philippines elevator market by the installed base is expected to reach 37.9 thousand units by 2028. The industry has strong expectations as tourism demand will lead to hotel construction, several logistics centers, and an increased commercial market in the Philippines. The expansion of the building sector in the Philippines is directly related to the increase in home elevators. Many households need to install these machines due to the development of private homes, particularly the significant increase in two- and three-story buildings.
The Philippines escalator market by the installed base is expected to reach 13,763 units by 2028, growing at a CAGR of 4.24%. Further, the parallel escalators accounted for the largest market share of around 33.7% in 2021 because of the high preference of people in the commercial sector. The Philippines has ongoing railway projects, the North-South Commuter Railway project (NSCR) and Malolos-Clark Railway Project (MCRP); therefore, many escalators must be installed to reduce congestion among travelers.
Rising Growth Rate Of Digitalization And Increasing Developments In Public Transport
Governments Effort To Expand Infrastructure Across The Nation To Increase Demand For New Installations.
Regulations For Maintenance In The Philippines Elevators And Escalators Market By The Building Construction Authority
Frequently Asked Questions
How big is the Philippines elevator and escalator market?
The Philippines elevator and escalator market size by new installations accounted for 2.3 thousand units in 2021 and is expected to reach 3.4 thousand units by 2028.
What will be the growth rate of the Philippines elevator and escalator market?
The Philippines elevator and escalator market share is expected to grow at a CAGR of 5.36% during the forecast period.
What is the Philippines elevator and escalator market installed base volume in 2021?
The Philippines elevator and escalator market installed base volume was 38.9 thousand units in 2021.
Who are the key companies in the Philippines elevator and escalator market?
The key players of the Philippines elevator and escalator market are KONE, Otis, Mitsubishi Electric, Hitachi, Schindler, Fujitec, and others.
What are the growth factors for the Philippines elevator and escalator market?
Urbanization, increasing infrastructural activities, and tourism and hospitality sector establishments are the key factors driving the Philippines elevator and escalator market.
The Philippines elevator and escalator market by new installations was estimated at 2.3 units in 2021 and is expected to reach 3.4 units by 2028 growing at a CAGR of 5.36% during the forecast period (2021-2028).
Base Year: 2021
Forecast Year: 2022-2028
The report considers the present scenario of the Philippines elevator and escalator market and market dynamics for 2022−2028. 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 the Philippines elevator and 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
1. Introduction
1.1. Market Scope
1.2. Market Snapshot of Elevators
1.3. Market Snapshot of Escalators
1.4. Executive Summary
2. Philippines Elevators Market
2.1. Future Outlook -Philippines Elevator Market By Volume
2.2. Philippines Elevator Market- By Segments
2.2.1. Philippines Elevators Market, By Volume
2.2.1.1. Philippines Escalators Market Size and Forecast, Volume (Units), 2019–2028
2.2.2. Philippines Elevators Market, By Type
2.2.2.1. Hydraulic and Pneumatic, Market Size and Forecast, Volume (Units),2019–2028
2.2.2.2. Machine Room Traction, Market Size and Forecast, Volume (Units), 2019–2028
2.2.2.3. Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2019–2028
2.2.2.4. Others, Market Size and Forecast, Volume (Units), 2019–2028
2.2.3. Philippines Elevators & Escalators Market by Carriage Type
2.2.3.1. Passenger, Market Size and Forecast, Volume (Units), 2019–2028
2.2.3.2. Freight, Market Size and Forecast, Volume (Units), 2019–2028
2.2.4. Philippines Elevators Market by Persons
2.2.4.1. 2-15 Persons, Market Size and Forecast, Volume (Units), 2019–2028
2.2.4.2. 16-24 Persons, Market Size and Forecast, Volume (Units), 2019–2028
2.2.4.3. 25-33 Persons, Market Size and Forecast, Volume (Units), 2019–2028
2.2.4.4. 34 Persons and Above, Market Size and Forecast, Volume (Units), 2019–2028
2.2.5. Philippines Elevators Market by End Users
2.2.5.1. Commercial, Market Size and Forecast, Volume (Units), 2019–2028
2.2.5.2. Residential, Market Size and Forecast, Volume (Units), 2019–2028
2.2.5.3. Industrial, Market Size and Forecast, Volume (Units), 2019–2028
2.2.5.4. Others, Market Size and Forecast, Volume (Units), 2019–2028
3. Philippines Escalators Market
3.1. Future Outlook - Philippines Escalators Market by Volume
3.2. Philippines Escalators Market- By Segments
3.2.1. Philippines Escalators Market, By Volume
3.2.1.1. Philippines Escalators Market Size and Forecast, Volume (Units), 2019–2028
3.2.2. Philippines Escalator Market by Type
Parallel, Market Size and Forecast, Volume (Units) , 2019–2028
3.2.2.1. Multi-parallel, Market Size and Forecast, Volume (Units) , 2019–2028
3.2.2.2. Walkway, Market Size and Forecast, Volume (Units) , 2019–2028
3.2.2.3. Crisscross, Market Size and Forecast, Volume (Units) , 2019–2028
3.2.3. Philippines Escalator Market by End users
3.2.3.1. Commercial, Market Size and Forecast, Volume (Units), 2019–2028
3.2.3.2. Public Transit, Market Size and Forecast, Volume (Units), 2019–2028
3.2.3.3. Others, Market Size and Forecast, Volume (Units), 2019–2028
4. Philippines Elevators &Escalators Market, By service (Maintenance & Modernization)
5. Geographical Analysis
5.1. Key Economic divisions in Philippines
6. Market Dynamics
6.1. Market Drivers, Opportunities, Restraints, Trends
7. Technological Development
8. Competitive Landscape
8.1. Company Profile of major Vendors
8.2. Other Prominent vendors
9. Report Summary
9.1. List of Abbreviations
10. Appendix (Report Scope & Definition)
10.1. Research Methodology
10.2. Market Definition, Inclusion & Exclusion
1. Philippines Elevator & Escalator Installed Base by Volume 2019-2028 (Units)
2. Philippines Elevator & Escalator New Installations by Volume 2019-2028 (Units)
3. Market Share 2021: Maintenance
4. Market Share 2021: Modernization
5. Total Installed Base : Volume (Units in Thousands)
6. Escalators New Installations: Volume (Units in Thousands)
7. Escalator market: Global regions vs Philippines 2020
8. Installed base of elevators by volume (units )
9. New Installations of elevators by volume (units )
10. Maintenance & Modernization Value($Million)
11. Maintenance & Modernization 2021(%)
12. Installed base of escalators by volume (units )
13. New Installations of escalators by volume (units )
14. Maintenance & Modernization Value($Million)
15. Maintenance & Modernization 2021(%)
16. Installed base and New installations of Elevators (Units)
17. New Installations of Elevators (Units)
18. Extended life cycle of elevators
19. Average life expectancy of elevator components
20. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
21. Machine Room less Traction Elevators Installed base and New Installations (Units)
22. Machine Room Traction Elevators Installed base and New Installations (Units)
23. Others Machine Elevators Installed base and New Installation (Units)
24. Installed base and new installations of Passenger Elevators (Units)
25. Installed base and new installations of Freight Elevators (Units)
26. Installed base and new installations of 2–15 persons elevators (Units)
27. Installed base and new installations of 16-24 persons elevators (Units)
28. Installed base and new installations of 25-33 persons elevators (Units)
29. Installed base and new installations of 34 persons and above elevators (Units)
30. Installed base and new installations of Commercial Elevators (Units)
31. Housing supply Metro Manila
32. Installed base and new installations of Residential Elevators (Units)
33. Installed base and new installations of Industrial Elevators (Units)
34. Installed base and new installations of other end-user Elevators (units)
35. Installed base and new installations of escalators (Units)
36. New installations of escalators (Units)
37. Installed base and new installations of Parallel Escalators (Units)
38. Installed base and new installations of Multi parallel Escalators (Units)
39. Installed base and new installations of Moving Walkway Escalators (Units)
40. Installed base and new installations of Criss cross Escalators (units)
41. Installed base and new installations of Public Transit Escalators (Units)
42. Installed base and new installations of Commercial Escalators (Units)
43. Installed base and new installations of Other End user Escalators (units)
44. Philippines Elevators & Escalators Maintenance Market ($ Mn)
45. Philippines Elevators & Escalators Modernization Market ($ Mn)
46. Elevators and Escalators market : Top state share Philippines 2021
47. Philippines Elevator and Escalator market by top economic division share 2020
48. Market share 2020(% share)
49. KONE, total sales by segment 2020(% share)
50. Mitsubishi, total sales by segment2020(%share)
51. TKE total sales 2020-2021($billion)
52. Hitachi, total sales by segment 2020(% share)
53. Otis total sales 2019-2021($billion)
54. Fujitec net sales 2017-2021($billion)
55. Schindler, total sales 2017-2020($billion)
LIST OF TABLES
1. Construction of commercial and residential buildings
2. Upcoming Skyscraper projects in Philippines
3. Top 10 tall buildings in Philippines
4. Upcoming skyscraper projects in Philippines
5. By Machine, New Installations, Total Incremental Opportunity, 2021-2028
6. By Carriage Type, New Installations, Total Incremental Opportunity, 2021-2028
7. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2021-2028
8. By End User, New Installations, Total Incremental Opportunity, 2021-2028
9. By Product, New Installations, Total Incremental Opportunity, 2021-2028
10. By End User, New Installations, Total Incremental Opportunity, 2021-2028
11. Government investment in Rail infrastructure projects in Philippines
12. Tourists arrival in Philippines
13. Digital innovation technologies
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
5 User Licence
Corporate Licence
Datasheet Licence
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