Press Release

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

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

According to TechSci Research report, “Indonesia Elevators and Escalators Market - Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029F”, the Indonesia Elevators and Escalators Market is expected to register robust growth during the forecast period. Indonesia's rapid urbanization is fueling the demand for vertical transportation solutions in cities like Jakarta, Surabaya, and Bandung. The proliferation of high-rise buildings, including residential complexes, commercial offices, and mixed-use developments, creates a substantial market for new elevator and escalator installations. Opportunities abound for manufacturers and service providers to cater to the specific needs of urban environments, offering advanced technologies that enhance efficiency, safety, and user experience.

As existing buildings age and urban infrastructure undergoes upgrades, there is a growing demand for the modernization and retrofitting of elevators and escalators. Many older buildings in Indonesia require enhancements to comply with current safety standards, improve energy efficiency, and incorporate smart technologies. This presents opportunities for companies specializing in retrofit solutions, including upgrades to control systems, energy-efficient components, and IoT-enabled monitoring and maintenance systems.

 

Browse over XX market data Figures spread through 86 Pages and an in-depth TOC on the "Indonesia Elevators and Escalators Market"

 

Based on service, the New Installation asegment is expected to dominate the market during the forecast period. In the Indonesia Elevators and Escalators Market, the new installation segment plays a pivotal role as the country undergoes rapid urbanization and infrastructure development. This segment encompasses the installation of elevators and escalators in newly constructed buildings, ranging from residential complexes and commercial offices to shopping malls and public infrastructure projects. The demand for new installations is driven by the expanding urban population and the proliferation of high-rise buildings in major cities like Jakarta, Surabaya, and Medan. As urban centers continue to grow vertically to accommodate the increasing population density and commercial activities, there is a corresponding need for efficient vertical transportation solutions that can handle higher capacities and ensure smooth passenger flow. The new installation segment is characterized by technological advancements aimed at improving energy efficiency, enhancing user experience, and meeting stringent safety standards. Manufacturers are increasingly incorporating smart technologies such as IoT (Internet of Things) and AI (Artificial Intelligence) into their products to enable features like predictive maintenance, remote monitoring, and personalized service options. These innovations not only optimize operational performance but also align with global trends towards sustainable building practices and green certifications. Government initiatives and regulations also influence the new installation segment, with policies promoting urban development and infrastructure modernization. Public infrastructure projects, including transportation hubs and government buildings, contribute significantly to the demand for elevators and escalators designed to handle heavy foot traffic and ensure accessibility for all users. Looking ahead, the new installation segment of the Indonesia Elevators and Escalators Market is poised for continued growth driven by ongoing urbanization, infrastructure investments, and advancements in technology. As cities expand and modernize their vertical transportation infrastructure, opportunities abound for industry players to innovate, collaborate, and contribute to the sustainable development of urban environments across Indonesia.

 

Key market players in the Indonesia Elevators and Escalators Market are:-

  • 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

 

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“The Elevators and Escalators market in Indoensia is expected to grow during the forecast period. Demographic shifts, including population growth and changing lifestyles, influence the elevators and escalators market. Urbanization leads to higher population densities in cities, necessitating vertical transportation solutions that can handle increased traffic volumes. Changing lifestyles, such as the preference for convenience and accessibility, drive demand for elevators and escalators that offer enhanced safety features, energy efficiency, and connectivity.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based India management consulting firm.

Indonesia Elevators and Escalators Market Segmented By Type (Elevator, Escalator and Moving Walkways), By Elevator Door Type (Automatic and Manual), By            (Traction, Machine Room-Less Traction and Hydraulic), By Service (Modernization and Maintenance & Repair, New Installation), By Elevator Technology (Residential, Commercial, Infrastructural, Institutional, and Others), By Region, and By Competition, 2019-2029F has evaluated the future growth potential of Indonesia Elevators and Escalators Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indonesia Elevators and Escalators Market.

 

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