Myanmar Elevator And Escalator Market (2019-2025) | Size, Trends, Industry, Revenue, Outlook, Share, Companies, Growth, Analysis, Value & Forecast

Myanmar elevator and escalator market are expected to demonstrate a strong growth during the forecast period which is majorly driven by the sustained growth of the construction sector post the 2011 liberalization reforms in the country. As the country strive to bridge its infrastructural gap. The government in the nation has undertaken various ambitious infrastructural projects such as Myanmar National Transport Master Plan (NTMP), and National Export Strategy (NES) which are focused on developing road and rail networks in the country. Furthermore, programs such as National Electrification Programme (NEP) will provide the base for the development of industrial and residential infrastructure over the coming years.

According to 6Wresearch, Myanmar Elevator And Escalator Market size is projected to grow at a CAGR of 4.8% during 2019-2025F. The Myanmar elevator and escalator market are poised to witness substantial growth over the coming years due to robust growth in the construction sector of the country with upcoming projects such as Kyaukphyu Special Economic Zone project in Rakhine state and the government house building project. Additionally, the high rate of urbanization and internal migration in the country would boost the residential sector demand during the forecast period as the country rapidly plans to urbanize with the assistance of JICA and ADB. Due to its geographical and strategic importance, the region is witnessing an influx of foreign investment which is further likely to provide a boost to the commercial and industrial sector, this has led to rapid development of office spaces and economic zones in the country which in turn has led to the growing demand for elevators and escalators.

As the country makes its forage into the globalized world there has been a growing trend of malls and condominiums which has resulted in the rapid expansion of retail space in the region with a multiplicity of new projects coming up, particularly in the regions of Yangon, Mandalay, Taunggyi region which is likely to give a boost to the escalator segment. As the country plans to ambitiously shift from a state-controlled economy to a free market high potential remains untapped in the Industrial and Residential applications.

By services, new installations will remain the major revenue-generating source due to ongoing construction and would be closely followed by maintenance and modernization. Further, Passenger type elevators will continue to dominate the market share due to their widespread usage in residential and commercial spaces.    

The Myanmar elevator and escalator market report thoroughly covers elevator and escalator market by components, verticals, and regions. The Myanmar elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Myanmar elevator and escalator market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

  Key Highlights of the Report

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

 Markets Covered

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

• By Types:

o   Elevator

• • Passenger
  • Cargo
  • Home

o   Escalator

• • Moving Stairs
  • Moving Walks

By Applications:

• Commercial
• Residential
• Industrial

By Services:

• New Installations
• Maintenance
• Modernization

Other Key Reports Available:

• Cambodia Elevator & Escalator Market Report
• Thailand Elevator & Escalator Market Report
• UAE Elevator & Escalator Market Report

Frequently Asked Questions About the Market Study (FAQs):