Malaysia Elevator & Escalator Market (2019-2025) | Size, Share, Revenue, Analysis, Forecast, Trends, Growth, Industry, Outlook & COVID-19 IMPACT

Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Northern Region, East Coast, Central Region, Eastern Region and Southern Region) and Competitive Landscape.

Product Code: ETC000959 Publication Date: Mar 2023 Updated Date: May 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia 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 25.25% over the previous year. While Thailand registered a decline of -21.3% 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, Malaysia has a Herfindahl index of 4975 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  6327 which signifies high concentration in the market.

 Malaysia Elevator And Escalator Market - Country Wise Share and Competition Analysis

Malaysia Elevator And Escalator Market - Export Market Opportunities

Malaysia Elevator And Escalator Market - Export Market Opportunities

Latest 2023 Development of the Malaysia Elevator and Escalator Market

Malaysia Elevator and Escalator Market are forecast to grow significantly by the rapidly growing urbanization and infrastructure development, particularly in major cities like Penang and Kuala Lumpur. Another factor contributing to the market expansion is the increasing focus on safety and energy efficiency. Moreover, Elevator and escalator manufacturers are developing new technologies to improve safety features and reduce energy consumption. This is important for building owners and operators. The rapid urbanization of cities in Malaysia and the increase in demand for high-rise buildings in urban areas has resulted in the need for more vertical transportation systems such as elevators and escalators.

Moreover, the advancements in elevator and escalator technology have made them more energy-efficient which has increased their demand in the overall market. The geriatric population of Malaysia is increasing. In response to this, there is a greater need for elevators and escalators to facilitate easy mobility for the elderly and disabled individuals. Furthermore, the growing tourism industry has resulted in an increase in the construction of hotels and shopping malls. This has created a need for more elevators and escalators to cater to the needs of tourists and further escalate the Malaysia Elevator and Escalator Market Share

Topics Covered in Malaysia Elevator And Escalator Market

The Malaysia Elevator And Escalator Market report thoroughly covers the market by types, applications, services, and regions. The 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.

Malaysia Elevator and Escalator Market Synopsis

Malaysia elevator and escalator market is expected to witness strong growth during the forecast period which can be attributed to major developments in the areas of public infrastructure. With the revival of projects such as East Coast Rail Link and High-Speed Rail the elevators and escalators market is expected to witness a significant push in demand during the forecast period.

According to 6Wresearch, Malaysia elevator and escalator market size is projected to grow at a CAGR of 4.9% during 2019-2025. The Malaysia elevator and escalator market is expected to witness significant growth owing to positive development in the construction sector of the economy with major public infrastructure creating a demand potential and its multiplying impact would provide a sustainable environment for the growth of the elevator and escalator market in the region. The region is expected to recover from the current slowdown and a revival of demand is expected post-2019. Due to increasing infrastructural spending as well as the expected revival of major projects such as Klang Valley MRT Line 3, and Kuala Lumpur-Singapore High-Speed Rail. Further, the country is expected to move out of political uncertainties which are expected to supplement the growth of the market during the forecast period. Additionally, growing trends of investment and FDI are expected to boost the commercial and industrial sectors of the country. As the country plans to rapidly urbanise its residential segment is set to grow at the highest pace. Further, government housing projects and the overall demand for housing would boost the demand for high-rise construction of housing apartments in the region.

Malaysia Elevator And Escalator Market: Key Players

Some of the major players in the industry include:

  • Schindler Lifts (Malaysia) Sdn Bhd
  • Otis Elevator Company (Malaysia) Sdn Bhd
  • Mitsubishi Electric Malaysia Sdn Bhd
  • KONE Elevator (Malaysia) Sdn Bhd
  • Hitachi Elevator (Malaysia) Sdn Bhd
  • Toshiba Elevator & Building Systems Corporation (Malaysia) Sdn Bhd
  • Hyundai Elevator (Malaysia) Sdn Bhd
  • Sigma Elevator (Malaysia) Sdn Bhd
  • Kleemann Lifts (Malaysia) Sdn Bhd.
  • Fujitec (Malaysia) Sdn Bhd

Market Analysis by Application

By Applications, the commercial application remains the dominating force due to a major rise in business activities and increasing flow of investment and booming investment in public infrastructure as well as tourism.       

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Malaysia Elevator and Escalator Market Overview
  • Malaysia Elevator and Escalator Market Outlook
  • Malaysia Elevator and Escalator Market Forecast
  • Malaysia Elevator and Escalator Market Size and Historical Data of Malaysia Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
  • Malaysia Elevator and Escalator Market Forecast of Revenues & Volume until 2025
  • Historical data & Forecast of Malaysia Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
  • Historical data & Forecast of Malaysia Elevator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of Malaysia Escalator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of Malaysia Elevator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
  • Historical data & Forecast of Malaysia Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
  • Historical data & Forecast of Malaysia Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
  • Market Drivers, Restraints and Trends
  • Malaysia Elevator and Escalator Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Malaysia Elevator and Escalator Market Opportunity Assessment
  • Malaysia Elevator and Escalator Market Share, By Players
  • Malaysia Elevator and Escalator Market Overview, By Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations      

Markets Covered

The Malaysia elevator and escalator market report provides a detailed analysis of the following market segments:

By Types

  • Elevator
    • Passenger
    • Cargo
    • Home
  • Escalator
    • Moving Stairs
    • Moving Walks

By Applications

  • Commercial
  • Residential
  • Industrial

By Services

  • New Installations
  • Maintenance
  • Modernization
Malaysia Elevator & Escalator Market: FAQs
Rapid urbanization, government initiatives to promote infrastructure development, increasing population density, and the growing number of high-rise buildings are the major growth drivers in the market.
The safety regulations for elevators and escalators in Malaysia are overseen by the Department of Occupational Safety and Health (DOSH). These regulations cover aspects such as maintenance, installation, and safety features of elevators and escalators.
The high cost of installation, the shortage of skilled technicians, and the increasing competition from low-cost Chinese manufacturers are some of the major challenges encountered by the market.
The market is growing steadily in the future years by rapid urbanization, infrastructure development, and the growing demand for high-rise buildings.
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1 Executive Summary
2 Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Malaysia Elevator and Escalator Market Overview
3.1 Malaysia Elevator & Escalator Market Revenues, 2015-2025F
3.2 Malaysia Elevator & Escalator Market - Industry Life Cycle
3.3 Malaysia Elevator & Escalator Market - Porter’s Five Forces
3.4 Malaysia Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
3.5 Malaysia Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
3.6 Malaysia Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F
4 Malaysia Elevator & Escalator Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Malaysia Elevator & Escalator Market Trends
6 Malaysia Elevator Market Overview
6.1 Malaysia New Installation Elevator Market Revenues & Volume, 2015-2025F
6.1.1 Malaysia New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F
6.1.1.1  Malaysia New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.2 Malaysia Elevator Services Market Revenues, 2015-2025F
6.2.1 Malaysia Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
6.2.1.1 Malaysia Elevator Services Market Revenues, By Service Types, 2015-2025F
6.3 Malaysia Elevator Market Overview, By Applications, 2015-2025F
6.3.1 Malaysia Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.3.1.1 Malaysia Elevator Market Revenues, By Applications, 2015-2025F
7 Malaysia Escalator Market Overview
7.1 Malaysia New Installation Escalator Market Revenues & Volume, 2015-2025F
7.1.1 Malaysia New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F
7.1.1.1 Malaysia New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
7.2 Malaysia Escalator Services Market Revenues, 2015-2025F
7.2.1 Malaysia Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F
7.2.1.1 Malaysia Escalator Services Market Revenues, By Service Types, 2015-2025F
7.3 Malaysia Escalator Market Overview, By Applications, 2015-2025F
7.3.1 Malaysia Escalator Market Revenue Share, By Applications, 2018 & 2025F
7.3.1.1 Malaysia Escalator Market Revenues, By Applications, 2015-2025F
8 Malaysia Elevator & Escalator Market Overview, By Applications
8.1 Malaysia Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F
8.2 Malaysia Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F
8.3 Malaysia Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F
9 Malaysia Elevator & Escalator Market Key Performance Indicators
10 Malaysia Elevator & Escalator Market Opportunity Assessment
10.1 Malaysia Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
10.2 Malaysia Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
11 Malaysia Elevator & Escalator Market Competitive Landscape
11.1 Malaysia Elevator & Escalator Market Competitive Benchmarking, By Product Types
11.2 Malaysia Elevator & Escalator Market Revenue Share, By Company, 2018
12 Company Profiles
13 Key Strategic Recommendations
14 Disclaimer
 LIST OF FIGURES
 Figure 1. Malaysia Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
 Figure 2. Malaysia Elevator & Escalator Market - Industry Life Cycle
 Figure 3. Malaysia Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
 Figure 4. Malaysia Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
 Figure 5. Malaysia Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F 
 Figure 6. Malaysia New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
 Figure 7. Malaysia New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F
 Figure 8. Malaysia New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F
 Figure 9. Malaysia Elevator Services Market Revenues, 2015-2025F ($ Million) 
 Figure 10. Malaysia Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
 Figure 11. Malaysia Elevator Market Revenue Share, By Applications, 2018 & 2025F
 Figure 12. Malaysia New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
 Figure 13. Malaysia New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F
 Figure 14. Malaysia New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F
 Figure 15. Malaysia Escalator Services Market Revenues, 2015-2025F ($ Million)
 Figure 16. Malaysia Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F  
 Figure 17. Malaysia Escalator Market Revenue Share, By Applications, 2018 & 2025F 
 Figure 18. Malaysia Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million)
 Figure 19. Malaysia Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million)
 Figure 20. Malaysia Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F  ($ Million)
 Figure 21. Malaysia Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
 Figure 22. Malaysia Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
 LIST OF TABLES
 Table 1. Malaysia New Installation Elevator Market Revenues, By Elevator Types ($ Million)
 Table 2. Malaysia New Installation Elevator Market Volume, By Elevator Types (Thousand Units)
 Table 3. Malaysia Elevator Services Market Revenues, By Service Types ($ Million)
 Table 4. Malaysia Elevator Market Revenues, By Applications, 2015-2025F, ($ Million)
 Table 5. Malaysia New Installation Escalator Market Revenues, By Escalator Types ($ Million)
 Table 6. Malaysia New Installation Escalator Market Volume, By Escalator Types (Thousand Units)
 Table 7. Malaysia Escalator Services Market Revenues, By Service Types ($ Million)
 Table 8. Malaysia Escalator Market Revenues, By Applications, 2015-2025F, ($ Million)

Azerbaijan Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Georgia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Indonesia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Sumatra, Kalimantan, Sulawesi & Papua) and Competitive Landscape.

Thailand Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Northern Region, North Eastern Region, Central Region, Bangkok, Vicinity and Southern Region) and Competitive Landscape.

Canada Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

US Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

Global Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

China Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

Eastern Europe Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

France Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

Kenya Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance), By Regions (Northern Region, East Coast, Central Region, Eastern Region and Southern Region) and Competitive Landscape.

Japan Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance) and Competitive Landscape.

Italy Elevator and Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization and Maintenance) and Competitive Landscape.

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