Malaysia elevator & escalator market is expected to undergo a substantial growth and is likely to be valued USD 0.30 Billion by 2025 on account of growing urbanization, increasing focus of government on modernization and maintenance of old buildings and rising investment on infrastructural development of the country. Moreover, increasing capital inflow into the real-estate sector is a prominent factor driving the growth of Malaysia elevator & escalator market. The government is also spending on constructing  new airports, metros and railway development projects which are generating high demand for elevators and escalators in the country.

Malaysia elevator & escalator market is segmented based on type, service, elevator technology, elevator door, end user and region. Based on service, the market can be categorized into modernization and maintenance & repair, new installation. Among them, the modernization and maintenance & repair segment together dominated the Malaysia elevator & escalator market in 2019 owing to the increasing investment by government on restoration and renovation of old buildings in the country. The segment is further expected to maintain its dominance during the forecast period and hold a market share of 64% by 2025.

Based on end user, Malaysia elevator & escalator market can be split into residential, commercial, institutional, infrastructural and others. Among them, the residential sector is expected to dominate the market through 2025 on account of increasing construction of high-rise residential complexes to accommodate the country’s growing population, especially in urban areas.

Major companies operating in Malaysia elevator & escalator market include KONE Corporation, Hitachi Group, Otis Elevator Company (UTC), Mitsubishi Electric Corporation, Toshiba Elevator and Building Systems Corporation, Schindler Holding Ltd., Fujitec Company Limited, thyssenkrupp AG, Canny Elevator Co., Ltd. and Hyundai Elevator, among others. Manufacturers are investing highly on latest technologies in order to bring more safe and advanced products in the market. Moreover, they are also undergoing inorganic growth strategies such as mergers & acquisitions, collaborations, partnerships and joint ventures. 

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyse and forecast the market size of Malaysia elevator & escalator market.
  • To forecast Malaysia elevator & escalator market based on type, service, elevator technology, elevator door, end user, company and regional distribution.
  • To identify drivers and challenges for Malaysia elevator & escalator market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Malaysia elevator & escalator market.
  • To identify and analyse the profile of leading players operating in the Malaysia elevator & escalator market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator & escalator companies across Malaysia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated Malaysia elevator & escalator market size using a bottom-up approach, where data for various end users and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Elevator & escalator manufacturers/companies/partners
  • Suppliers and distributers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to elevator & escalator market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as escalator & elevator manufacturing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Malaysia elevator & escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Malaysia Elevator & Escalator Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • Malaysia Elevator & Escalator Market, By Service:
    • New Installation
    • Modernization and Maintenance & Repair
  • Malaysia Elevator & Escalator Market, By Elevator Technology:
    • Traction & Machine Room-Less (MRL) Traction
    • Hydraulic
  • Malaysia Elevator & Escalator Market, By Elevator Door Type:
    • Automatic
    • Manual
  • Malaysia Elevator & Escalator Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others
  • Malaysia Elevator & Escalator Market, By Region:
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Malaysia elevator & escalator market.

Available Customizations:

With the given market data, TechSci Research offers customizations according 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).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Malaysia Elevator & Escalator Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

5.4.  Annual Maintenance Service

6.    Malaysia Elevator & Escalator Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Elevator, Escalator and Moving Walkways)

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

6.2.3.     By Elevator Technology (Traction & Machine Room-Less (MRL) Traction and Hydraulic)

6.2.4.     By Elevator Door Type (Automatic and Manual)

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

6.2.6.     By Region

6.2.7.     By Company (2020)

6.3.  Product Market Map

7.    Malaysia Modernization and Maintenance & Repair Elevator & Escalator Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End User

8.    Malaysia New Installation Elevator & Escalator Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Size & Forecast

8.2.1.     By Value & Volume

8.3.  Market Share & Forecast

8.3.1.     By Type

8.3.2.     By End User

9.    Market Dynamics

9.1.     Drivers/Opportunities

9.2.     Challenges/Restraints

10.  Trade Dynamics

11.  Value Chain Analysis

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Malaysia Economic Profile

15.  Competitive Landscape

15.1.    Competition Outlook

15.2.    Company Profiles (Partial List of Leading Companies)

15.2.1.  KONE Corporation

15.2.1.1.      Company Overview

15.2.1.2.      Products & Services

15.2.1.3.      Financials (If available)

15.2.1.4.      Current & Future Strategy

15.2.1.5.      Key Management

15.2.1.6.      Contact Details

15.2.2.  Otis Elevator Company (UTC)

15.2.3.  Hitachi Group

15.2.4.  Mitsubishi Electric Corporation

15.2.5.  Toshiba Elevator and Building Systems Corporation

15.2.6.  Schindler Holding Ltd.

15.2.7.  Fujitec Company Limited

15.2.8.  thyssenkrupp AG

15.2.9.  Canny Elevator Co., Ltd.

15.2.10.                Hyundai Elevator

16.  Strategic Recommendations

17.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figure

    Figure 1:               Malaysia Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)

    Figure 2:               Malaysia Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)

    Figure 3:               Malaysia Industry Contribution to GDP, 2015-2019 (%)

    Figure 4:               Malaysia Gross Domestic Product Per Capita, 2015-2019 (Current USD)

    Figure 5:               Malaysia Construction Output Value, 2015-2019 (USD Trillion)

    Figure 6:               Malaysia Total Population Growth Rate, 2015-2019 (Billion)

    Figure 7:               Malaysia GDP, 2015-2019 (USD Trillion)

    Figure 8:               Malaysia GDP Growth Rate, 2015-2019 (%)

    Figure 9:               Malaysia Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F

    Figure 10:            Malaysia Elevator & Escalator Market Share, By Service, By Value, 2015 - 2025F

    Figure 11:            Malaysia Elevator & Escalator Market Share, By Elevator Technology, By Value, 2015 - 2025F

    Figure 12:            Malaysia Elevator & Escalator Market Share, By Elevator Door Type, By Value, 2015 - 2025F

    Figure 13:            Malaysia Elevator & Escalator Market Share, By End User, By Value, 2015 - 2025F

    Figure 14:            Malaysia Elevator & Escalator Market Share, By Region, By Value, 2015 - 2025F

    Figure 15:            Malaysia Elevator & Escalator Market Share, By Company, By Value, 2015 - 2025F

    Figure 16:            Malaysia Elevator & Escalator Market Map, By Type - Market Size (USD Million) & Growth Rate (%)

    Figure 17:            Malaysia Elevator & Escalator Market Map, By Service - Market Size (USD Million) & Growth Rate (%)

    Figure 18:            Malaysia Elevator & Escalator Market Map, By Elevator Technology - Market Size (USD Million) & Growth        Rate (%)

    Figure 19:            Malaysia Elevator & Escalator Market Map, By Elevator Door Type - Market Size (USD Million) & Growth Rate (%)

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

    Figure 21:            Malaysia Maintenance & Repair Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)

    Figure 22:            Malaysia Maintenance & Repair Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)

    Figure 23:            Malaysia Maintenance & Repair Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F               

    Figure 24:            Malaysia Maintenance & Repair Elevator & Escalator Market Share, By End User, By Value, 2015-2025F

    Figure 25:            Malaysia New Installation Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)

    Figure 26:            Malaysia New Installation Elevator & Escalator Market Size, By Volume, 2015-2025F (Million Units)               

    Figure 27:            Malaysia New Installation Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F    

    Figure 28:            Malaysia New Installation Elevator & Escalator Market Share, By End User, By Value, 2015-2025F               

    Figure 29:            Malaysia Modernization Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)   

    Figure 30:            Malaysia Modernization Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)               

    Figure 31:            Malaysia Modernization Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F        

    Figure 32:            Malaysia Modernization Elevator & Escalator Market Share, By End User, By Value, 2015 - 2025F               

     

    List of Table

    Table 1: List of Upcoming Construction Projects in Malaysia, By Building Name, By City, By Height (Meter),

    By Number of Floors, By End-User, By Completion Year, As of 2019