Report Description

Indonesia Elevator Market was valued at USD647.96 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 5.78% owing to growing commercial sector and increasing capital inflow into the real estate sector coupled with the development of high-rise residential buildings.

Rise in Infrastructural Development

Elevators are in high demand in Indonesia owing to the country's rapid infrastructural development. The nation wants to strengthen public-private partnerships (PPP) to improve the infrastructure and the rehabilitation of the economy. As a result, the number of infrastructure projects are progressing, which is contributing to the growing demand for elevators. Also, the Indonesia Elevator Market is anticipated to be driven by the infrastructure reform sector development programme, which intends to attract private sector investments by upgrading the policies, institutional, and legal environment.

Smart Cities Initiatives

The 100 Smart Cities Movement was a digital initiative that the Indonesian government unveiled in 2017. The initiative led to the capital moving to Kalimantan, which had a favourable impact on Indonesia's need for elevators. Mitsubishi Corp. is expected to add an urban development project to its smart city effort close to Jakarta for USD 149 million. This project would represent residential and commercial zones built on six hectares around a train station, which will open up a market for elevator makers in Indonesia.

Rapid Increase in Industrialization

Elevators are being used more and more in a variety of industries, including mining, steel, cement, power plants, and refineries. Also, the industrial sector in Indonesia is anticipated to have tremendous growth over the next 10 to 20 years, which will present significant potential for elevators.

Rise in Demand for High Speed & Machine Room Less (MRL) Elevators

Increased energy efficiency, lighter weight and more design options, best utilization of hoist-way space, and other advantages are provided by machine room-free elevators. With the increasing number of high-rise business and residential buildings around the country, the need for high-speed traction elevators is increasing significantly. Market competitors are introducing high speed, ultra-high speed, and machine room-less elevators for specific client needs to fulfil the expanding market demand. Additionally, machine room-free elevators are easier to install and require less energy to run. As a result, these attributes are probably going to contribute to the Indonesia elevator market's expansion.


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Market Segmentation

The Indonesia Elevator Market is segmented based on Service, Type of Carriage, Type of Carriage, Elevator Door Type, End-User, and by Company. Based on Service, the market is further fragmented into New Installation, Modernization and Maintenance & Repair. Based on Type of Carriage, the market is segmented into Passenger, Freight and Others (stretcher elevators, dumb-waiter elevators, etc.). On the basis of Type of Machinery, the market is segmented into Traction, Hydraulic. Based on End-User, the market is divided into Residential, Commercial, Institutional, Infrastructural and Others (Railways, Airports, etc.). Based on Region, the market is divided into Java, Sumatra, Kalimantan, Bali and Others (Sulawesi, Maluku & Papua, etc.). 

Company Profiles

PT. Mitsubishi Jaya Elevator and Escalator, PT. KONE Indo Elevator, PT. Citas Otis Elevator, P.T. Berca Schindler Lifts, PT. Hitachi Asia Indonesia, Others (PT. Hyundai Elevator Indonesia, PT. TKE Elevator Indonesia, PT. Fujitec Indonesia, PT Fujita Indonesia, PT. Canny Elevator Indonesia, etc.) are among the major market players in Indonesia Elevator Market.

Attribute

Details

Market size value in 2021

USD647.96 Million

Revenue Forecast in 2027

USD864.95 Million

Growth Rate

5.78%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Service

·         Carriage

·         Machinery

·         Elevator Door Type

·         End-User

·         Region

Regional Scope

Java; Sumatra; Kalimantan; Bali

Key Companies Profiled

PT. Mitsubishi Jaya Elevator and Escalator, PT. KONE Indo Elevator, PT. Citas Otis Elevator, P.T. Berca Schindler Lifts, PT. Hitachi Asia Indonesia, Others (PT. Hyundai Elevator Indonesia, PT. TKE Elevator Indonesia, PT. Fujitec Indonesia, PT Fujita Indonesia, PT. Canny Elevator Indonesia, etc.)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, Indonesia Elevator Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

  •  Indonesia Elevator Market, By Service:
    • New Installation
    • Modernization and Maintenance & Repair
  •  Indonesia Elevator Market, By Application:
    • Non-Residential
    • Residential
  •  Indonesia Elevator Market, By Carriage:
    • Passenger
    • Freight
    • Others include stretcher elevators, dumb-waiter elevators, etc.
  • Indonesia Elevator Market, By Carriage:
    • Traction
    • Hydraulic
  • Indonesia Elevator Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others include Railways, Airports etc.
  • Indonesia Elevator Market, By Region:
    • Java
    • Sumatra
    • Kalimantan
    • Bali
    • Others include Sulawesi, Maluku & Papua, etc.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Indonesia Elevator Market.

Available Customizations:

With the given market data, TechSci 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).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of Covid-19 on Indonesia Elevator Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Key Challenges Faced

5.4.  Key Satisfaction Level

5.5.  Annual Maintenance Contract (AMC) Expectation

5.6.  Annual Maintenance Contract (AMC) Challenges

6.    Global Elevator Market Overview

7.    Indonesia Elevator Market Outlook

7.1.  Indonesia Elevator Market Overview

7.2.  Market Size & Forecast

7.2.1.                By Value & Volume

7.3.  Market Share & Forecast

7.3.1.                By Type of Carriage (Passenger, Freight, Others)

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

7.3.3.                By Type of Machinery (Traction & Hydraulic)

7.3.4.                By Elevator Door Type (Automatic & Manual)

7.3.5.                By End-User (Residential, Commercial, Institutional, Infrastructural   and Others)

7.3.6.                By Region

7.3.7.                By Company (2021)

7.4.  Market Map (By Type of Carriage, By Service, By Type of Machinery, By Elevator Door Type, By End-User, By Region)

8.    Indonesia New Installation Elevator Market Outlook

8.1.  Indonesia New Installation Elevator Market Overview

8.2.  Market Size & Forecast

8.2.1.                By Value & Volume

8.3.  Market Share & Forecast

8.3.1.                By Type of Carriage

8.3.2.                By Type of Machinery

8.3.3.                By Elevator Door Type

8.3.4.                By End-User

9.    Indonesia Modernization and Maintenance & Repair Elevator Market Outlook

9.1.  Indonesia Modernization and Maintenance & Repair Elevator Market Overview

9.2.  Market Size & Forecast

9.2.1.                By Value & Volume

9.3.  Market Share & Forecast

9.3.1.                By Type of Carriage

9.3.2.                By Type of Machinery

9.3.3.                By Elevator Door Type

9.3.4.                By End-User

10.  Indonesia Elevator Market, By Number of Units

10.1.        By Type of Carriage

10.2.        By Service

10.3.        By Type of Machinery

10.4.        By Elevator Door Type

10.5.        By End-User

10.6.        By Region

11.  Indonesia Average Selling Price for Each Elevator Unit (2021)

11.1.        By Type of Carriage

11.2.        By Service

11.3.        By Type of Machinery

11.4.        By Elevator Door Type

11.5.        By End-User

11.6.        By Region

12.  Market Dynamics

12.1.        Drivers

12.2.        Challenges

13.  Market Trends and Developments

14.  Impact of Capital Relocation on Indonesia Elevator Market

15.  Policy and Regulatory Landscape

16.  Supply Chain Analysis

17.  Indonesia Economic Profile

18.  Company Profiles

18.1.        PT. KONE Indo Elevator

18.2.        PT. Hyundai Elevator Indonesia

18.3.        PT. Citas Otis Elevator

18.4.        PT. Fujitec Indonesia

18.5.        PT. Mitsubishi Jaya Elevator and Escalator

18.6.        PT. Hitachi Asia Indonesia

18.7.        P.T. Berca Schindler Lifts

18.8.        PT. TKE Elevator Indonesia

18.9.        PT FUJITA INDONESIA

18.10.     PT. Canny Elevator Indonesia

19.  Strategic Recommendations

20.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: Indonesia Elevator Market Size, By Value (USD Million), 2017-2027F

Figure 2: Indonesia Elevator Market Size, By Volume (Units), 2017-2027F

Figure 3: Indonesia Elevator Market Share, By Type of Carriage, By Value, 2017-2027F

Figure 4: Indonesia Elevator Market Share, By Type of Carriage, By Volume, 2017-2027F

Figure 5: Indonesia Elevator Market Share, By Service, By Value, 2017-2027F

Figure 6: Indonesia Elevator Market Share, By Service, By Volume, 2017-2027F

Figure 7: Indonesia Elevator Market Share, By Type of Machinery, By Value, 2017-2027F

Figure 8: Indonesia Elevator Market Share, By Type of Machinery, By Volume, 2017-2027F

Figure 9: Indonesia Elevator Market Share, By Elevator Door Type, By Value, 2017-2027F

Figure 10: Indonesia Elevator Market Share, By Elevator Door Type, By Volume, 2017-2027F

Figure 11: Indonesia Elevator Market Share, By End-User, By Value, 2017-2027F

Figure 12: Indonesia Elevator Market Share, By End-User, By Volume, 2017-2027F

Figure 13: Indonesia Elevator Market Share, By Region, By Value, 2017-2027F

Figure 14: Indonesia Elevator Market Share, By Region, By Value, 2017-2027F

Figure 15: Indonesia Elevator Market Share, By Company, By Value & Volume, 2021

Figure 16: Indonesia Elevator Market Map, By Type of Carriage, Market Size (USD Million) & Growth Rate (%), 2021

Figure 17: Indonesia Elevator Market Map, By Service, Market Size (USD Million) & Growth Rate (%), 2021

Figure 18: Indonesia Elevator Market Map, By Type of Machinery, Market Size (USD Million) & Growth Rate (%), 2021

Figure 19: Indonesia Elevator Market Map, By Elevator Door Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 20: Indonesia Elevator Market Map, By End-User, Market Size (USD Million) & Growth Rate (%), 2021

Figure 21: Indonesia Elevator Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 22: Indonesia New Installation Elevator Market Size, By Value (USD Million), 2017-2027F

Figure 23: Indonesia New Installation Elevator Market Size, By Volume (Units), 2017-2027F

Figure 24: Indonesia New Installation Elevator Market Share, By Type of Carriage, By Value, 2017-2027F

Figure 25: Indonesia New Installation Elevator Market Share, By Type of Carriage, By Volume, 2017-2027F

Figure 26: Indonesia New Installation Elevator Market Share, By Type of Machinery, By Value, 2017-2027F

Figure 27: Indonesia New Installation Elevator Market Share, By Type of Machinery, By Volume, 2017-2027F

Figure 28: Indonesia New Installation Elevator Market Share, By Elevator Door Type, By Value, 2017-2027F

Figure 29: Indonesia New Installation Elevator Market Share, By Elevator Door Type, By Volume, 2017-2027F

Figure 30: Indonesia New Installation Elevator Market Share, By End-User, By Value, 2017-2027F

Figure 31: Indonesia New Installation Elevator Market Share, By End-User, By Volume, 2017-2027F

Figure 32: Indonesia Modernization and Maintenance & Repair Elevator Market Size, By Value (USD Million), 2017-2027F

Figure 33: Indonesia Modernization and Maintenance & Repair Elevator Market Size, By Volume (Units), 2017-2027F

Figure 34: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Type of Carriage, By Value, 2017-2027F

Figure 35: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Type of Carriage, By Volume, 2017-2027F

Figure 36: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Type of Machinery, By Value, 2017-2027F

Figure 37: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Type of Machinery, By Volume, 2017-2027F

Figure 38: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Elevator Door Type, By Value, 2017-2027F

Figure 39: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By Elevator Door Type, By Volume, 2017-2027F

Figure 40: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By End-User, By Value, 2017-2027F

Figure 41: Indonesia Modernization and Maintenance & Repair Elevator Market Share, By End-User, By Volume, 2017-2027F

Figure 42: Indonesia Elevator Market, By Type of Carriage, By Volume (Units), 2017-2027F

Figure 43: Indonesia Elevator Market, By Service, By Volume (Units), 2017-2027F

Figure 44: Indonesia Elevator Market, By Type of Machinery, By Volume (Units), 2017-2027F

Figure 45: Indonesia Elevator Market Size, By Elevator Door Type, By Volume (Units), 2017-2027F

Figure 46: Indonesia Elevator Market Size, By End-User, By Volume (Units), 2017-2027F

Figure 47: Indonesia Elevator Market Size, By Region, By Volume (Units), 2017-2027F

 

List of Tables

Table 1: Indonesia Elevator Average Selling Price, By Type of Carriage (USD Thousands), 2021

Table 2: Indonesia Elevator Average Selling Price, By Service (USD Thousands), 2021

Table 3: Indonesia Elevator Average Selling Price, By Type of Machinery (USD Thousands), 2021

Table 4: Indonesia Elevator Market Size, By Elevator door type (USD Thousands), 2021

Table 5: Indonesia Elevator Market Size, By End-User (USD Thousands), 2021

Table 6: Indonesia Elevator Market Size, By Region (USD Thousands), 2021

Frequently asked questions

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The market size of the Indonesia Elevator Market is estimated to be USD647.96 Million in 2021 owing to factors such as advancement in technology and growing urbanization in the country.

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Traction segment was the dominant component in the Indonesia Elevator Market in 2021 as they are widely use because of their energy-efficiency technique. Moreover, their speed is higher than hydraulic type elevators.

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New Installation is the fastest growing segment in the Indonesia Elevator Market due to innovations and trends along with modernization with growing demand for smart elevators.

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Java region is accounted for the dominating market share. This is due to increase in construction along with urbanization and government incentives to boost the hosing segment.

profile

Srishti Verma

Business Consultant
Press Release

Indonesia Elevator Market to Reach USD864 Million by 2027

Sep, 2022

Increasing construction projects and urbanization is expected to drive the Indonesia Elevator Market through forecast period.