Philippines Elevator And Escalator Market (2019-2025) | Outlook, Companies, Forecast, Growth, Share, Value, Industry, Analysis, Size, Revenue & Trends
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.
| Product Code: ETC001601 | Publication Date: Sep 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Latest 2021 Developments
Philippines Elevator and Escalator Market has seen the latest innovations which include the introduction of component upgrade systems, which are a quick and cost-effective way to make smaller improvements in elevator performance, safety, and eco-efficiency. Most of the old residential buildings in the Philippines are upgrading their elevators through individual component replacement due to cost-effectiveness. The rising building renovation activities in the Philippines have also increased exponentially which has caused the manufacturers to establish more efficient production techniques. Similarly, the strict enforcement of elevator compliance by the Philippines government has also established proper safety and operational standards for the manufacturers to follow. In 2019, an elevator at the Philippine Bank of Communications (PBCom) Tower malfunctioned and fell from the 10th floor to the ground floor at an abnormal speed. Consequently, the government ordered the regulatory body to inspect all the elevators installed in the city.
Mergers and Acquisitions:
- On June 1, 2021, KONE announced that it had acquired the service and repair business of Detroit Elevator Company
- On August 5, 2021, KONE announced that it had acquired Ross Elevator Inc.
- On June 18, 2021, TK Elevator acquired Accurate Elevator
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The Philippines elevator and escalator market are expected to witness robust growth on the back of a healthy project pipeline and increasing FDI in the construction sector. This growth would be largely backed by government initiatives such as the “Build, Build, Build” program which aims to boost the construction activities in the country to drive economic growth.
According to 6Wresearch, the Philippines Elevator And Escalator Market size is projected to grow at a CAGR of 5.5% during 2019-25. The elevator and escalator industry is anticipated to expand significantly on account of increasing urbanization and the rapid expansion of the construction sector over the coming years. Further, the market is anticipated to grow on account of massive infrastructure projects such as the Metro Manila Subway Project, new Manila International Airport, Makati City Subway project, Ninoy Aquino International Airport, and Light Rail Station.
By applications, the commercial segment would continue to account for the highest revenue share in the overall market owing to huge investment by the government in the transportation and social infrastructure domain. Moreover, the booming tourism industry would also supplement the growth of elevators and escalators over the coming years.
The Philippines elevator and escalator market report thoroughly covers the elevator and escalator market by elevator types, escalator types, services types, and applications. The Philippines elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Philippines 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
- Philippines Elevator and Escalator Market Overview
- Philippines Elevator and Escalator Market Outlook
- Philippines Elevator and Escalator Market Forecast
- Philippines Elevator and Escalator Market Size and Historical Data of Philippines Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
- Philippines Elevator and Escalator Market Forecast of Revenues & Volume, Until 2025
- Historical Data & Forecast of Philippines Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
- Historical Data & Forecast of Philippines Elevator Market Revenues & Volume for the Period 2015-2025F
- Historical Data & Forecast of Philippines Escalator Market Revenues & Volume for the Period 2015-2025F
- Historical Data & Forecast of Philippines Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
- Historical Data & Forecast of Philippines Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
- Market Drivers, Restraints, and Trends
- Philippines Elevator and Escalator Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Philippines Elevator and Escalator Market Opportunity Assessment
- Philippines Elevator and Escalator Market Share, By Players
- Philippines Elevator and Escalator Market Overview, By Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Philippines 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:
- Maintenance
- Modernization
Other Key Reports Available:
- Africa Elevator & Escalator Market Report
- India Elevator & Escalator Market Report
- China Elevator & Escalator Market Report
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1 Executive Summary |
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2 Introduction |
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2.1 Report Description |
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2.2 Key Highlights |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3 Philippines Elevator and Escalator Market Overview |
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3.1 Philippines Country Indicators |
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3.2 Philippines Elevator & Escalator Market Revenues, 2015-2025F |
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3.3 Philippines Elevator & Escalator Market - Industry Life Cycle |
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3.4 Philippines Elevator & Escalator Market - Porter’s Five Forces |
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3.5 Philippines Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
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3.6 Philippines Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
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3.7 Philippines Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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4 Philippines Elevator & Escalator Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5 Philippines Elevator & Escalator Market Trends |
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6 Philippines Elevator Market Overview |
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6.1 Philippines New Installation Elevator Market Revenues & Volume, 2015-2025F |
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6.1.1 Philippines New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F |
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6.1.1.1 Philippines New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F |
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6.2 Philippines Elevator Services Market Revenues, 2015-2025F |
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6.2.1 Philippines Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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6.2.1.1 Philippines Elevator Services Market Revenues, By Service Types, 2015-2025F |
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6.3 Philippines Elevator Market Overview, By Applications, 2015-2025F |
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6.3.1 Philippines Elevator Market Revenue Share, By Applications, 2018 & 2025F |
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6.3.1.1 Philippines Elevator Market Revenues, By Applications, 2015-2025F |
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7 Philippines Escalator Market Overview |
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7.1 Philippines New Installation Escalator Market Revenues & Volume, 2015-2025F |
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7.1.1 Philippines New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F |
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7.1.1.1 Philippines New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F |
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7.2 Philippines Escalator Services Market Revenues, 2015-2025F |
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7.2.1 Philippines Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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7.2.1.1 Philippines Escalator Services Market Revenues, By Service Types, 2015-2025F |
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7.3 Philippines Escalator Market Overview, By Applications, 2015-2025F |
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7.3.1 Philippines Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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7.3.1.1 Philippines Escalator Market Revenues, By Applications, 2015-2025F |
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8 Philippines Elevator & Escalator Market Overview, By Applications |
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8.1 Philippines Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F |
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8.2 Philippines Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F |
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8.3 Philippines Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F |
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9 Philippines Elevator & Escalator Market Key Performance Indicators |
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10 Philippines Elevator & Escalator Market Opportunity Assessment |
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10.1 Philippines Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
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10.2 Philippines Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
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11 Philippines Elevator & Escalator Market Competitive Landscape |
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11.1 Philippines Elevator & Escalator Market Competitive Benchmarking, By Product Types |
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11.2 Philippines Elevator & Escalator Market Revenue Share, By Company, 2018 |
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12 Company Profiles |
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13 Key Strategic Recommendations |
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14 Disclaimer |
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LIST OF FIGURES |
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Figure 1. Philippines Elevator & Escalator Market Revenues, 2015-2025F ($ Million) |
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Figure 2. Philippines Elevator & Escalator Market - Industry Life Cycle |
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Figure 3. Philippines Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
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Figure 4. Philippines Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
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Figure 5. Philippines Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 6. Philippines New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
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Figure 7. Philippines New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F |
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Figure 8. Philippines New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F |
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Figure 9. Philippines Elevator Services Market Revenues, 2015-2025F ($ Million) |
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Figure 10. Philippines Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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Figure 11. Philippines Elevator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 12. Philippines New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
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Figure 13. Philippines New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F |
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Figure 14. Philippines New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F |
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Figure 15. Philippines Escalator Services Market Revenues, 2015-2025F ($ Million) |
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Figure 16. Philippines Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
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Figure 17. Philippines Escalator Market Revenue Share, By Applications, 2018 & 2025F |
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Figure 18. Philippines Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million) |
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Figure 19. Philippines Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million) |
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Figure 20. Philippines Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F ($ Million) |
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Figure 21. Philippines Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
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Figure 22. Philippines Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
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LIST OF TABLES |
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Table 1. Philippines New Installation Elevator Market Revenues, By Elevator Types ($ Million) |
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Table 2. Philippines New Installation Elevator Market Volume, By Elevator Types (Thousand Units) |
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Table 3. Philippines Elevator Services Market Revenues, By Service Types ($ Million) |
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Table 4. Philippines Elevator Market Revenues, By Applications, 2015-2025F, ($ Million) |
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Table 5. Philippines New Installation Escalator Market Revenues, By Escalator Types ($ Million) |
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Table 6. Philippines New Installation Escalator Market Volume, By Escalator Types (Thousand Units) |
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Table 7. Philippines Escalator Services Market Revenues, By Service Types ($ Million) |
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Table 8. Philippines Escalator Market Revenues, By Applications, 2015-2025F, ($ Million) |
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