Singapore Elevator and Escalator Market Size, Share, Growth, Trend & Forecast 2025| TechSci Research

Summary

Report Description

Singapore elevator & escalator market is expected to undergo a substantial growth and is likely to be valued USD 0.12 Billion by 2025 on account of rapid urbanization, increasing capital inflow into the real-estate sector and growing number of high-rise buildings in the country. Moreover, increasing aging population is also leading to growing automation needs for the convenience of commuters which in turn is boosting the elevator & escalator market growth in the country. In addition to this, expanding high rise residential complexes in order to accommodate the growing population is anticipated to provide profitable growth opportunities for elevator & escalator manufactures in Singapore.

Furthermore, increasing investment by government as well as private sector companies on infrastructural development of the country is another major factor boosting the growth of Singapore elevator & escalator market. Apart from that, introduction of latest technologies and up-gradation in elevator and escalator systems are also augmenting the market growth. With introduction of fast speed elevators, the market is poised to grow significantly over the next five years.

Singapore elevator & escalator market is segmented based on type, service, elevator technology, elevator door, end user and region. Based on type, the market can be categorized into elevators, escalators and moving walkways. Among them, in 2019, the elevators accounted for 86.25% market share, in terms of value owing to their growing installation in commercial as well as residential complexes. Furthermore, the segment is expected to maintain its dominance through 2025 and hold a market share of 86.35%, in terms of value by 2025.

Major companies operating in Singapore elevator & escalator market include KONE Corporation, Hitachi Group, Otis Elevator Company (UTC), Mitsubishi Electric Corporation, Schindler Holding Ltd., Hyundai Elevator, thyssenkrupp AG and Toshiba Elevator and Building Systems Corporation, among others. Manufactures are undergoing both organic and inorganic growth strategies such as new product launches, mergers & acquisitions and collaborations in order to strengthen their position in Singapore elevator & escalator market.

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 Singapore elevator & escalator market.
To forecast Singapore elevator & escalator market based on type, service, elevator technology, elevator door, end user, company and regional distribution.
To identify drivers and challenges for Singapore elevator & escalator market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Singapore elevator & escalator market.
To identify and analyse the profile of leading players operating in the Singapore 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 Singapore. 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 Singapore 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, Singapore elevator & escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Singapore Elevator & Escalator Market, By Type:

Elevator
Escalator
Moving Walkways

Singapore Elevator & Escalator Market, By Service:

New Installation
Modernization and Maintenance & Repair

Singapore Elevator & Escalator Market, By Elevator Technology:

Traction & Machine Room-Less (MRL) Traction
Hydraulic

Singapore Elevator & Escalator Market, By Elevator Door Type:

Automatic
Manual

Singapore Elevator & Escalator Market, By End User:

Residential
Commercial
Institutional
Infrastructural
Others

Singapore Elevator & Escalator Market, By Region:

South West CDC
North East CDC
Central Singapore CDC

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Singapore 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

Table of content

1. Product Overview

2. Research Methodology

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

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

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

6.2.1.1. By Elevator Technology (Hydraulic, Traction and Machine Room-Less Traction)

6.2.1.2. By Elevator Door Type (Automatic and Manual)

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

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

6.2.4. By Region

6.2.5. By Company (2020)

6.3. Product Market Map

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

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By End User

8. Singapore New Installation Elevator & Escalator Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume (New Installations)

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. 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. Singapore 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. Hitachi Group

15.2.3. Otis Elevator Company (UTC)

15.2.4. Mitsubishi Electric Corporation

15.2.5. Schindler Holding Ltd.

15.2.6. Hyundai Elevator

15.2.7. thyssenkrupp AG

15.2.8. Toshiba Elevator and Building Systems Corporation

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

List of Figure

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

List of Table

Table 1: List of Upcoming Construction Projects in Singapore, By Building Name, By City, By Height (Meter), By Number of Floors, By End-User, By Completion Year, As of 2019

Frequently asked questions

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Business Consultant

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Press Release

Singapore Elevator and Escalator Market to Undergo Substantial Growth Through 2025

Nov, 2020

Increasing installation of elevators and escalators across shopping malls and transit systems are acting as major driving factor for the growth of Singapore elevator & escalator market.

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