Report Description

Forecast Period


Market Size (2023)

USD 490.52 million

CAGR (2024-2029)


Fastest Growing Segment


Largest Market


Market Size (2029)

USD 660.23 million

Market Overview

Indonesia Elevators and Escalators Market was valued at USD 490.52 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.92% through 2029. Indonesia's rapid urbanization is a primary driver of the elevators and escalators market. As more people migrate to urban centers in search of economic opportunities, the demand for residential, commercial, and mixed-use buildings increases. This growth necessitates efficient vertical transportation systems to facilitate mobility within high-rise structures. Major cities like Jakarta, Surabaya, and Medan are expanding vertically, driving the need for new installations and modernization of existing elevators and escalators.

Key Market Drivers

Urbanization and Infrastructure Development

Indonesia's rapid urbanization is a significant driver for the elevators and escalators market. As more people move to urban centers in search of better economic opportunities, the demand for residential and commercial buildings has surged. This influx has directly contributed to the growth of high-rise buildings, shopping malls, and office complexes, all of which require efficient vertical transportation systems like elevators and escalators.

Jakarta, the capital city, epitomizes this trend with its skyline dotted by skyscrapers. Other major cities such as Surabaya, Bandung, and Medan are also experiencing similar urban development patterns. These urban centers not only necessitate modernization of existing infrastructure but also demand new installations to cater to the increasing population density and commercial activities.

Government initiatives aimed at enhancing urban infrastructure further bolster the market. Projects like public transportation expansion, mixed-use developments, and smart city initiatives incorporate elevators and escalators as integral components. This creates a conducive environment for market growth, attracting both domestic and international players to invest in advanced technologies and sustainable solutions.

Technological Advancements and Innovation

Technological advancements play a pivotal role in shaping the Indonesia elevators and escalators market. The industry has witnessed a shift towards smart, energy-efficient solutions that not only improve performance but also reduce operational costs and environmental impact. Innovations such as destination control systems, regenerative drives, and predictive maintenance technologies are increasingly being adopted to enhance user experience and operational efficiency.

The demand for green building certifications, such as LEED (Leadership in Energy and Environmental Design), further accelerates the adoption of eco-friendly elevator and escalator systems. Manufacturers are focusing on developing products that comply with stringent environmental standards while meeting the growing demand for reliability and safety.

The integration of IoT (Internet of Things) and AI (Artificial Intelligence) in elevator and escalator systems is revolutionizing the market. IoT-enabled devices facilitate real-time monitoring, remote diagnostics, and predictive maintenance, thereby reducing downtime and improving serviceability. AI-powered algorithms analyze data to optimize traffic flow, enhance energy efficiency, and ensure seamless operation in high-traffic environments.

Regulatory Support and Safety Standards

Regulatory support and adherence to safety standards are critical drivers influencing the Indonesia elevators and escalators market. The government has implemented stringent regulations and safety codes to ensure the installation, maintenance, and operation of vertical transportation systems meet international standards.

The Directorate General of Civil Aviation and the Ministry of Public Works and Housing oversee regulatory compliance and issue certifications for elevator and escalator installations. These regulations mandate regular inspections, maintenance checks, and safety audits to mitigate risks and ensure passenger safety.

The Indonesian government's focus on improving public safety and infrastructure resilience further underscores the importance of reliable vertical transportation systems. Manufacturers and service providers are compelled to comply with these regulations, thereby fostering a culture of safety and reliability within the industry.

Urbanization and infrastructure development, technological advancements and innovation, and regulatory support and safety standards collectively drive the Indonesia elevators and escalators market. These factors create a dynamic landscape where demand for efficient, safe, and sustainable vertical transportation solutions continues to grow, presenting opportunities for market expansion and innovation.

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Key Market Challenges

Infrastructure Limitations and Urban Congestion

One of the primary challenges confronting the Indonesia elevators and escalators market is the country's infrastructure limitations and urban congestion. Despite rapid urbanization and economic growth, many cities in Indonesia face infrastructural deficiencies that hinder the efficient installation and operation of vertical transportation systems.

Infrastructure challenges include inadequate electricity supply, especially in remote or less developed regions, which can impact the reliability of elevators and escalators. Additionally, older buildings may lack the structural capacity to accommodate modern elevator installations, requiring costly retrofitting or redevelopment efforts.

Urban congestion exacerbates these challenges by increasing demand for vertical transportation in densely populated areas. High-rise buildings and commercial complexes often experience overcrowding during peak hours, leading to elevator bottlenecks and longer wait times. This congestion not only strains existing infrastructure but also necessitates innovative solutions to optimize space utilization and improve passenger flow.

Addressing these infrastructure limitations requires coordinated efforts between government agencies, developers, and industry stakeholders. Investment in upgrading electrical grids, enhancing building codes, and integrating smart city technologies can alleviate some of these challenges, enabling smoother implementation and operation of elevators and escalators across Indonesia.

Economic Volatility and Market Uncertainty

Economic volatility poses another significant challenge for the Indonesia elevators and escalators market. The country's economy, like many emerging markets, is susceptible to external factors such as global commodity prices, exchange rate fluctuations, and geopolitical tensions. These factors can impact construction activity, investment sentiment, and overall demand for vertical transportation systems.

During periods of economic downturn or market uncertainty, developers and building owners may postpone or scale back construction projects, affecting the demand for new elevator installations. Similarly, budget constraints may compel businesses to defer maintenance and upgrades on existing systems, potentially compromising safety and performance standards.

Fluctuating material costs and supply chain disruptions can influence manufacturing and installation expenses, making it challenging for industry players to maintain profitability and competitive pricing. Currency depreciation may further inflate equipment costs, particularly for imported components and technology upgrades.

Navigating these economic challenges requires industry resilience and proactive strategies to diversify market segments, enhance operational efficiencies, and adapt to changing consumer preferences. Collaboration between stakeholders, including government bodies, financial institutions, and private enterprises, is essential to mitigate risks and promote sustainable growth within the elevators and escalators sector.

Regulatory Complexity and Compliance

Regulatory complexity and compliance present another significant challenge for the Indonesia elevators and escalators market. The industry is subject to a myriad of regulations, safety standards, and certification requirements imposed by local authorities and international bodies. These regulations encompass design specifications, installation procedures, maintenance protocols, and operational guidelines aimed at ensuring passenger safety and system reliability.

Navigating this regulatory landscape can be daunting for manufacturers, distributors, and service providers, particularly those unfamiliar with local laws and procedures. Differences in regulatory interpretations between regions or jurisdictions may further complicate compliance efforts, potentially delaying project timelines and increasing administrative costs.

Evolving safety standards and technological advancements necessitate continuous adaptation and investment in workforce training and skill development. Ensuring compliance with updated codes and standards requires ongoing education and certification programs for technicians and engineers responsible for elevator and escalator maintenance.

To address regulatory challenges effectively, industry stakeholders must engage proactively with regulatory authorities, participate in industry associations, and invest in robust compliance frameworks. Collaboration and knowledge sharing among stakeholders can facilitate the harmonization of standards, streamline certification processes, and promote best practices within the elevators and escalators market in Indonesia.

Key Market Trends

Adoption of Smart and Connected Technologies

A prominent trend in the Indonesia elevators and escalators market is the increasing adoption of smart and connected technologies. As urbanization accelerates and buildings become more complex, there is a growing demand for elevators and escalators that offer enhanced connectivity, efficiency, and passenger experience.

Smart technologies, such as IoT (Internet of Things) and AI (Artificial Intelligence), are revolutionizing the vertical transportation sector by enabling real-time monitoring, predictive maintenance, and data-driven decision-making. IoT-enabled sensors installed in elevators and escalators collect operational data, including usage patterns, performance metrics, and maintenance needs. This data is then analyzed using AI algorithms to optimize traffic flow, improve energy efficiency, and minimize downtime.

Connectivity allows for remote diagnostics and proactive maintenance, reducing the risk of unexpected breakdowns and enhancing system reliability. Building managers and maintenance personnel can receive alerts and notifications regarding potential issues, enabling timely interventions and ensuring uninterrupted service for building occupants.

The integration of smart technologies also enhances user experience through features like personalized service options, touchscreen interfaces, and smartphone applications that provide real-time status updates and elevator availability. These innovations cater to the expectations of modern consumers for convenience, safety, and sustainability in their vertical transportation experiences.

As the demand for smart buildings and sustainable urban solutions grows, manufacturers and service providers in Indonesia are increasingly investing in research and development to innovate and integrate these advanced technologies into their elevator and escalator systems. This trend not only drives market competitiveness but also promotes eco-friendly practices and operational efficiencies across the industry.

Focus on Energy Efficiency and Sustainability

Another key trend in the Indonesia elevators and escalators market is the emphasis on energy efficiency and sustainability. With rising awareness of environmental impact and energy consumption, stakeholders in the construction and real estate sectors are prioritizing sustainable building practices and green certifications.

Elevators and escalators are significant consumers of energy in buildings, particularly in high-rise structures and commercial complexes. As a result, there is a growing demand for energy-efficient systems that minimize electricity usage, reduce operational costs, and lower carbon footprints.

Manufacturers are responding to this demand by developing eco-friendly technologies such as regenerative drives, LED lighting, and energy-efficient motors. Regenerative drives, for instance, capture and reuse energy generated during elevator descent, significantly reducing overall energy consumption and heat dissipation. LED lighting not only improves visibility and safety but also consumes less power compared to traditional lighting systems.

Advancements in materials and construction techniques enable the development of lightweight and durable elevator components that contribute to energy savings over the system's lifecycle. These innovations align with international standards for green building certifications, such as LEED (Leadership in Energy and Environmental Design), which incentivize the adoption of sustainable practices in building design and operation.

Government incentives and policies promoting energy efficiency and sustainability further drive market adoption of eco-friendly elevator and escalator systems in Indonesia. By incorporating these technologies into their projects, developers can achieve cost savings, enhance building value, and demonstrate their commitment to environmental stewardship.

The adoption of smart and connected technologies, along with the focus on energy efficiency and sustainability, are two significant trends shaping the Indonesia elevators and escalators market. These trends not only respond to evolving consumer expectations and regulatory requirements but also drive innovation and competitiveness among industry stakeholders striving to create safer, smarter, and more sustainable urban environments.

Segmental Insights

Elevator Technology Insights

The Traction segment emerged as the dominating segment in 2023. In the Indonesia Elevators and Escalators Market, the traction segment plays a crucial role, reflecting advancements in technology and addressing specific needs of urban infrastructure. Traction systems are integral to vertical transportation, particularly in high-rise buildings where they provide efficient movement of passengers and goods.

Traction elevators utilize electric motors to move elevator cars by gripping onto steel ropes or belts, offering smoother rides and greater energy efficiency compared to hydraulic systems. This technology is preferred in tall buildings due to its ability to handle higher capacities and speeds, making it suitable for the growing trend of urbanization and development of skyscrapers in cities like Jakarta, Surabaya, and Bandung.

The traction segment is witnessing significant innovation driven by the integration of smart technologies such as IoT and AI. These technologies enable real-time monitoring of elevator performance, predictive maintenance scheduling, and remote diagnostics, improving system reliability and reducing downtime. Such advancements are crucial in densely populated urban areas where reliability and efficiency are paramount to meeting the demands of high traffic volumes.

Regulatory requirements and safety standards play a pivotal role in shaping the traction segment. Manufacturers and service providers must comply with stringent safety codes and certifications to ensure passenger safety and operational integrity. This regulatory environment fosters a competitive landscape where companies invest in research and development to enhance product offerings and differentiate themselves in the market.

Looking forward, the traction segment of the Indonesia Elevators and Escalators Market is expected to continue evolving with advancements in materials, control systems, and energy-efficient technologies. These innovations not only cater to the increasing demand for reliable and sustainable vertical transportation solutions but also contribute to the overall development of smart and resilient urban infrastructure across Indonesia.

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Regional Insights

Central Region is expected to be the dominating region during the forecast period. The Central Region of Indonesia, comprising provinces such as Central Java, Yogyakarta, and parts of West Java, represents a significant market segment in the country's Elevators and Escalators Market. This region is characterized by a mix of urban centers, industrial hubs, and cultural landmarks, each contributing to the demand for vertical transportation solutions in different ways.

In urban areas like Semarang, Solo, and Yogyakarta, there is a notable concentration of residential complexes, commercial buildings, and government offices. The development of high-rise buildings, shopping malls, and mixed-use developments in these cities drives the demand for new installations as well as the modernization of existing elevator and escalator systems.

Industrial hubs such as Cirebon and Tegal also contribute to the Elevators and Escalators Market by requiring reliable transportation solutions for manufacturing facilities and logistics centers. These sectors often demand robust and high-capacity elevator systems to facilitate the movement of goods and personnel within large industrial complexes. The focus on safety and efficiency in these environments underscores the importance of compliance with regulatory standards and ongoing maintenance practices.

Culturally significant cities like Yogyakarta, renowned for its historical landmarks and tourism attractions, present unique challenges and opportunities in the Elevators and Escalators Market. Elevators and escalators in heritage buildings and tourist destinations must balance the preservation of architectural integrity with the need for accessibility and modern amenities. This requires specialized solutions that blend seamlessly into the historical fabric while providing reliable and safe vertical transportation options for visitors and residents alike.

The competitive landscape in the Central Region is characterized by both international manufacturers and local players catering to diverse market needs. Partnerships with developers, architects, and facility managers are crucial for navigating regulatory requirements, understanding local preferences, and delivering customized solutions that meet specific project demands.

Looking forward, the Central Region of Indonesia's Elevators and Escalators Market is poised for growth driven by ongoing urbanization, infrastructure investments, and technological advancements. The region's dynamic blend of urban development, industrial activity, and cultural heritage presents opportunities for innovation and collaboration among industry stakeholders, contributing to the sustainable development of vertical transportation infrastructure across Central Indonesia.

Recent Developments

  • In February 2024, Mitsubishi Electric Building Solutions revealed its contract to provide elevators and escalators for Indonesia's New Capital Relocation Project. The company secured an order for 33 elevators and 22 escalators intended for key government facilities. The project entails supplying a total of 55 units, encompassing 33 elevators and 22 escalators, as part of Phase 1 of the Indonesia New Capital Relocation Project.
  • In 2023, Hyundai Elevator Co. announced its intention to participate in bids for smart city projects in Indonesia. These projects are part of the capital relocation from Jakarta to Kalimantan Island.

Key Market Players

  • PT. KONE Indo Elevator
  • PT Berca Schindler Lifts
  • TK Elevator Indonesia
  • Otis Indonesia
  • PT. Mitsubishi Jaya Elevator and Escalator
  • PT. Hyundai Elevator Indonesia
  • Toshiba Asia Pacific Pte. Ltd.
  • PT. Toshiba Elevator and Building Systems Corporation
  • PT. Seltech Putera Perkasa
  • PT. Hitachi Asia Indonesia

 By Type

By Elevator Door Type

By Elevator Technology

By Service

By End User

By Region

  • Elevator
  • Escalator
  • Moving Walkways
  • Automatic
  • Manual
  • Traction
  • Machine Room-Less Traction
  • Hydraulic
  • Modernization and Maintenance & Repair
  • New Installation
  • Residential
  • Commercial
  • Infrastructural
  • Institutional
  • Others
  • Central Region
  • Eastern Region
  • Western Region


Report Scope:

In this report, the Indonesia Elevators and Escalators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Indonesia Elevators and Escalators Market, By Type:

o   Elevator

o   Escalator

o   Moving Walkways    

  • Indonesia Elevators and Escalators Market, By Elevator Door Type:

o   Automatic

o   Manual  

  • Indonesia Elevators and Escalators Market, By Elevator Technology:

o   Traction

o   Machine Room-Less Traction

o   Hydraulic    

  • Indonesia Elevators and Escalators Market, By Service:

o   Modernization and Maintenance & Repair

o   New Installation    

  • Indonesia Elevators and Escalators Market, By End User:

o   Residential

o   Commercial

o   Infrastructural

o   Institutional

o   Others      

  • Indonesia Elevators and Escalators Market, By Region:

o   Central Region

o   Eastern Region

o   Western Region     

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indonesia Elevators and Escalators Market.

Available Customizations:

Indonesia Elevators and Escalators Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Indonesia Elevators and Escalators Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Indonesia Elevators and Escalators Market

5.         Voice of Customer

6.         Indonesia Elevators and Escalators Market Overview

7.         Indonesia Elevators and Escalators Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Type (Elevator, Escalator and Moving Walkways)  By Elevator Door Type (Automatic and Manual)  By Elevator Technology (Traction, Machine Room-Less Traction and Hydraulic)

7.2.2.By Service (Modernization and Maintenance & Repair, New Installation)

7.2.3.By End User (Residential, Commercial, Infrastructural, Institutional, and Others) By Region (Central Region, Eastern Region,Western Region)

7.3.    By Company (2023)

7.4.     Market Map

8.         Indonesia Modernization and Maintenance & Repair Elevators and Escalators Solutions Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By End User

8.2.4.By Region

9.         Indonesia New Installation Elevators and Escalators Service Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By End User

9.2.3.By Region



17.      Market Dynamics

17.1. Drivers

17.2. Challenges

18.      Market Trends and Developments

19.      Company Profiles

19.1.  PT. KONE Indo Elevator

19.1.1.     Business Overview

19.1.2.     Key Revenue and Financials  

19.1.3.     Recent Developments

19.1.4.     Key Personnel/Key Contact Person

19.1.5.     Key Product/Services Offered

19.2.  PT Berca Schindler Lifts

19.2.1.     Business Overview

19.2.2.     Key Revenue and Financials  

19.2.3.     Recent Developments

19.2.4.     Key Personnel/Key Contact Person

19.2.5.     Key Product/Services Offered

19.3.  TK Elevator Indonesia

19.3.1.     Business Overview

19.3.2.     Key Revenue and Financials  

19.3.3.     Recent Developments

19.3.4.     Key Personnel/Key Contact Person

19.3.5.     Key Product/Services Offered

19.4.  Otis Indonesia

19.4.1.     Business Overview

19.4.2.     Key Revenue and Financials  

19.4.3.     Recent Developments

19.4.4.     Key Personnel/Key Contact Person

19.4.5.     Key Product/Services Offered

19.5.  PT. Mitsubishi Jaya Elevator and Escalator

19.5.1.     Business Overview

19.5.2.     Key Revenue and Financials  

19.5.3.     Recent Developments

19.5.4.     Key Personnel/Key Contact Person

19.5.5.     Key Product/Services Offered

19.6.  PT. Hyundai Elevator Indonesia

19.6.1.     Business Overview

19.6.2.     Key Revenue and Financials  

19.6.3.     Recent Developments

19.6.4.     Key Personnel/Key Contact Person

19.6.5.     Key Product/Services Offered

19.7.  Toshiba Asia Pacific Pte. Ltd.

19.7.1.     Business Overview

19.7.2.     Key Revenue and Financials  

19.7.3.     Recent Developments

19.7.4.     Key Personnel/Key Contact Person

19.7.5.     Key Product/Services Offered

19.8.  PT. Toshiba Elevator and Building Systems Corporation

19.8.1.     Business Overview

19.8.2.     Key Revenue and Financials  

19.8.3.     Recent Developments

19.8.4.     Key Personnel/Key Contact Person

19.8.5.     Key Product/Services Offered

19.9.  PT. Seltech Putera Perkasa

19.9.1.     Business Overview

19.9.2.     Key Revenue and Financials  

19.9.3.     Recent Developments

19.9.4.     Key Personnel/Key Contact Person

19.9.5.     Key Product/Services Offered

19.10.   PT. Hitachi Asia Indonesia

19.10.1.   Business Overview

19.10.2.   Key Revenue and Financials  

19.10.3.   Recent Developments

19.10.4.   Key Personnel/Key Contact Person

19.10.5.   Key Product/Services Offered

20.      Strategic Recommendations

21.      About Us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the Indonesia Elevators and Escalators Market was USD 490.52 million in 2023.


The Traction segment by elevator technology demonstrated significant dominance in 2023. Advancements in traction technology have led to the development of gearless traction systems, which eliminate the need for a gearbox, reducing maintenance requirements and enhancing operational reliability. These systems are known for their quieter operation and higher energy efficiency, aligning with the market's increasing focus on sustainability and user comfort.


Central Region dominated the Indonesia Elevators and Escalators Market in 2023. The Central Region's urban centers are increasingly adopting smart building technologies and energy-efficient solutions to enhance operational efficiency and meet sustainability goals, reflecting broader trends in urban infrastructure development.


What are the major drivers for the Indonesia Elevators and Escalators Market?


Srishti Verma

Business Consultant
Press Release

Indonesia Elevators and Escalators Market is expected to grow at a CAGR of 4.92% through 2029

Jul, 2024

Economic Growth and Construction Activity are factors driving the Indonesia Elevators and Escalators Market in the forecast period 2025-2029.