Indonesia 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 growth of 9.01% over the previous year. While Thailand registered a growth of 4.64% 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, Indonesia has a Herfindahl index of 4887 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 6414 which signifies high concentration in the market.
Indonesia Elevator And Escalator Market - Export Market Opportunities![Indonesia Elevator And Escalator Market - Export Market Opportunities]()
Latest (2024) Development of the Indonesia Elevator And Escalator Market
Indonesia Elevator And Escalator Market is experiencing significant growth driven by rapid urbanization and infrastructure development. Major cities such as Jakarta and Surabaya are witnessing a surge in high-rise residential and commercial buildings, necessitating the installation of advanced vertical transportation systems. Moreover, government initiatives focusing on enhancing public transportation infrastructure, including the construction of new airports and metro lines, are further propelling market demand.
Key players in the industry are increasingly incorporating smart technologies and energy-efficient solutions to cater to the evolving needs of urban environments. With increasing awareness about environmental sustainability, there is a growing demand for green elevators and escalators in the Indonesian market. These systems are designed to reduce energy consumption and carbon footprint by using regenerative drives, LED lighting, and other eco-friendly features. In addition to being environmentally friendly, these solutions also offer operational cost savings in the long run, making them an attractive option for building owners.
Topics Covered in Indonesia Elevator And Escalator Market
The Indonesia Elevator And Escalator Market report thoroughly covers the market by product types, types, service types, applications, and regions. Indonesia elevator and escalator market 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.
Indonesia Elevator and Escalator Market Synopsis
The Indonesia elevator and escalator market witnessed decent growth during the period 2017-2019 underpinned by rapid growth in infrastructure development and rising urbanization in the country. However, the Covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain and halted construction activities leading to falling in market demand and hence the market revenues.
According to 6Wresearch, the Indonesia Elevator And Escalator Market size is projected to grow at a CAGR of 4.8% in terms of revenues during 2021-2027. The primary reason for the growth in the Indonesia elevator and escalator industry can be attributed to the rapid urbanization and rising population. Furthermore, growing demand for elevator and escalator maintenance, repair, and service would also stimulate market growth in the years to come. Favorable government efforts through Indonesia's 2045 vision towards economic development are also the prominent key parameters for growing a number of infrastructure activities across the country which would in turn augment the demand for elevators and escalators in the coming years.
COVID-19 Impact on Indonesia Elevator and Escalator Market
The pandemic had a noteworthy impact on the Elevator and Escalator Market in Indonesia. With the government imposing social distancing measures, numerous buildings limited access to elevators to decrease transmission risks. This led to an expansion in demand for escalators in shopping malls as well as other public areas. However, the economic downturn which was caused by the pandemic also resulted in a reduction in new construction projects, which affected the installation of elevators and escalators. The pandemic had a significant major impact on the market. The sector has the potential to overcome all the challenges it came across during the pandemic.
Market by Product Types Analysis
In terms of product types, elevators contributed 69.51% revenue share in the Indonesia elevator and escalator market in 2020 owing to their traditional usage in commercial, residential, and industrial spaces, in addition to lower space requirements, higher load capacity, and faster transportation of goods and people across multiple floors. The commercial sector was the major contributor to elevator market revenues. Moreover, the country already has a robust retail industry, and hence several other upcoming commercial projects would augment the growth of the elevator market in the country.
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Market by Regions Analysis
In 2020, the Java region acquired a 52.7% revenue share in the elevator and escalator market of the country owing to the large commercial and residential sector in the capital city of Jakarta and the nearby cities. This trend is expected to persist in the coming years on account of large investments in the infrastructure development of the region such as the high-tech community which is to be developed in the Jakarta suburb.
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.
Key Highlights of the Report:
- Indonesia Elevator and Escalator Market Overview
- Indonesia Elevator and Escalator Market Outlook
- Indonesia Elevator and Escalator Market Forecast
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, By New Installation Vs Services, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator and Escalator Market Revenues, By Regions, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator Market Revenues, By New Installation Vs Services, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia New Installation Elevator Market Revenues and Volume, By Elevator Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Elevator Service Market Revenues, By Service Types, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Escalator Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia Escalator Market Revenues, By New Installation Vs Services, for the Period 2017-2027F
- Historical Data and Forecast of Indonesia New Installation Escalator Market Revenues and Volume, By Escalator Types, for the Period 2017-2027F
- Indonesia Elevator and Escalator Market Share, By Market Players
- Value Chain and Ecosystem
- Covid-19 Impact Analysis
- Market Drivers and Restraints
- Indonesia Elevator and Escalator Market Trends
Market Scope and Segmentation
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 Regions
- Java
- Sumatra
- Kalimantan
- Sulawesi
- Others (Western New Guinea, Lesser Sunda Islands, Maluku Islands)
