Cambodia Elevator and Escalator Market (2020-2026) | Analysis, Size, Revenue, Trends, Growth, Forecast, Outlook & COVID-19 IMPACT

Cambodia Elevator And Escalator Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a decline of -10.46% over the previous year. While Thailand registered a decline of -12.87% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Cambodia has a Herfindahl index of 7706 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  6795 which signifies high concentration in the market.

Topics Covered in the Cambodia Elevator And Escalator Market Report

The Cambodia Elevator And Escalator Market report thoroughly covers the market by types, services, and end-user. The report provides an unbiased and detailed analysis of the ongoing 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.

Cambodia Elevator And Escalator Market is projected to grow over the coming years. Cambodia Elevator And Escalator Market report is a part of our periodical regional publication Asia Pacific Elevator And Escalator Market outlook report. 6W tracks the elevator and escalator market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Elevator And Escalator Market outlook report annually.

Latest 2023 Developments of the Cambodia Elevator And Escalator Market

Growing demand for elevator and escalator from the construction sector, and a number of initiatives taken by the government of Cambodia to enhance infrastructure, rising awareness of accessibility, concern about safety and reliability, and the use of energy-efficient technologies are driving the Cambodia Elevator And Escalator Market. The construction sector in the country is rising faster, which led to a rise in demand for elevators and escalators in construction projects and new buildings. The government is investing in the development of infrastructure, including the construction of new roads, public transportation systems, and buildings. This led to a rise in demand for elevators as well as escalators in transportation hubs and public buildings. There is a rising trend in the country towards energy-efficient technologies, which helps in fueling the sector's growth. There is a high concern for safety and reliability owing to which the sector continues to rise. 

Cambodia Elevator And Escalator Market Synopsis

The Cambodia Elevator And Escalator Market is anticipated to attain faster growth during the forecast period on the back of the rise in construction activities in the nation, growing urbanization, and rising increasing foreign investments. The sector is amongst the most crucial sectors in the country as there is a high demand for elevators and escalators in the country.

According to 6Wresearch, Cambodia Elevator And Escalator Market size is projected to grow during 2020-2026. The economy of the nation is growing and the growing economy of Cambodia is driving the demand for elevators and escalators, which is helping in boosting the Cambodia Elevator And Escalator Market Growth. The market is highly competitive with a rising number of international and domestic companies operating in the sector. Some well-established companies that are operating in the market are Mitsubishi Electric Corporation, Schindler Group, Hitachi Ltd., Thyssenkrupp AG, Kone Corporation, Express Elevator & Escalator Co., Ltd., and Hyundai Elevator Co., Ltd. A number of factors help in stimulating the sector growth which are the rising construction sector, growing urbanization, and rising foreign investments. The construction sector in the country is rising effectively, which drives market growth. There is a growth in construction projects in the country, which helps in the growth of the sector. The initiatives from the government to develop infrastructure as well as the housing sector are projected to help the sector to grow. The growth in urbanization results in high-rise buildings, which is boosting the Cambodia Elevator And Escalator Market Share. 

COVID-19 Impact on Cambodia Elevator And Escalator Industry

The coronavirus pandemic brought many significant challenges for the market which restricted the Cambodia Elevator And Escalator Market Growth. Numerous construction projects were delayed in the nation owing to the challenges imposed by the pandemic and this resulted in a decrease in demand for modernizations and new installation in commercial as well as public buildings. The coronavirus pandemic caused many disruptions to supply chains, which affected the availability of the components and parts of elevators and escalator. The country is one of the most popular tourist destinations and the outbreak of the pandemic significantly affected the tourism sector of the country, which in turn, decreased the demand for elevators as well as escalators in hotels. 

Cambodia Elevator And Escalator Market: Key Players 

Many companies are running their business in the market but only a few players have accomplished growth in the sector and they will continue to attain more growth these players include:

• Mitsubishi Electric Corporation
• Schindler Group
• Hitachi Ltd.
• Thyssenkrupp AG
• Kone Corporation
• Express Elevator & Escalator Co., Ltd.
• Hyundai Elevator Co., Ltd.

Market by Types

On the basis of types, the Elevator and Escalator Market in Cambodia is bifurcated into Elevator, Escalators, and Moving Walkways. Among these, the escalator segment is likely to have dominance in the sector in the future. 

Market by Services

On the basis of services, the industry is bifurcated into Maintenance & Repair, New Installation, and Modernization. Among these, the new installation segment accounted for the largest market share and it will grow more in the near future. 

Market by End-User

On the basis of end-user, the sector is bifurcated into Residential, Commercial, and Public. It is the commercial segment that will grow in the future. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Cambodia Elevator and Escalator Market Outlook
• Market Size of Cambodia Elevator and Escalator Market, 2019
• Forecast of Cambodia Elevator and Escalator Market, 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Revenues & Volume for the Period 2016 - 2026
• Cambodia Elevator and Escalator Market Trend Evolution
• Cambodia Elevator and Escalator Market Drivers and Challenges
• Cambodia Elevator and Escalator Price Trends
• Cambodia Elevator and Escalator Porter's Five Forces
• Cambodia Elevator and Escalator Industry Life Cycle
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Types for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Services for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By End-User for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Historical Data and Forecast of Cambodia Elevator and Escalator Market Revenues & Volume By Public for the Period 2016 - 2026
• Cambodia Elevator and Escalator Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Services
• Market Opportunity Assessment By End-User
• Cambodia Elevator and Escalator Top Companies Market Share
• Cambodia Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
• Cambodia Elevator and Escalator Company Profiles
• Cambodia Elevator and Escalator Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Elevator
• Escalator
• Moving Walkways

By Services

• Maintenance & Repair
• New Installation
• Modernization

By End-User

• Residential
• Commercial
• Public

Cambodia Elevator And Escalator Market: FAQs