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
Download Sample Report
Customers can also request
for 10% free customization on this report.
“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.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com