The Singapore Elevators and Escalators Market Valued at Usd578.95 Million in 2021 and is Anticipated to Further Grow with a CAGR of 7.90% During the Forecast Period, 2023-2027
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The Singapore Elevators and Escalators Market valued at USD578.95 million in 2021 and is anticipated to further grow with a CAGR of 7.90% during the forecast period, 2023-2027, to reach market value of USD919.21 million by 2027F. Advancing facilities in infrastructure and growing construction of sky-high buildings are facilitating the growth of the Singapore Elevators and Escalators Market in the upcoming five years. Also, concept of smart building with advanced features and increasing urbanization in the country are further driving the growth of the Singapore Elevators and Escalators Market. Increasing use of internet of things, and artificial intelligence being incorporated in the products like elevators and escalators also supports the growth of the Singapore Elevators and Escalators Market in the future five years. The major market players active in the country are highly investing technological advancement in their products and are focusing on customer satisfaction through product advancement. Moreover, higher energy efficiency, lighter and more design options, optimal use of hoist-way space are some of the other factors contributing to the demand for elevators & escalator. Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The Singapore Elevators and Escalators Market is segmented by type, service, end-user, regional distribution, and competitional landscape. Based on type, the market is further segmented into elevator, escalator, and moving walkways. Elevators subsegment is further divided into elevator door types that are either automatic or manual, and elevator technology that includes traction, machine room-less traction, and hydraulic. Based on service the market is fragmented into modernization and maintenance & repair, and new installation. By end-user, the market is segmented into residential, commercial, infrastructural, institutional, and others. The market analysis also studies the regional segmentation, divided among Central, North-East, East, West and North region. Elevators are anticipated to hold the largest revenue shares of the market and dominate the type segment in the upcoming five years on account of increasing number of high rise building and tall infrastructures. Surge in the demands for energy efficient elevators is also driving the growth of the market in the next five years.
Chevalier Singapore Holdings Pte. Ltd., Fujitec Singapore Corpn. Ltd., TK Elevator Singapore Pte. Ltd., EM Services Pte. Ltd., C&W Services (S) Pte. Ltd., Kone Pte. Ltd., Schindler Lifts (Singapore) Pte. Ltd., Mitsubishi Elevator (Singapore) Pte. Ltd., Otis Elevator Company (S) Pte Ltd, Hitachi Elevator Asia Pte. Ltd. are among the major market players in the Singapore Elevators and Escalators Market.
Years considered for this report:
- Historical Years: 2017 - 2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F- 2027F
Objective of the Study:
- To analyze the historical growth in the market size of the Singapore Elevators and Escalators Market from 2017 to 2021.
- To estimate and forecast the market size of the Singapore Elevators and Escalators Market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the Singapore Elevators and Escalators Market based on type, service, end-user, regional distribution, and competitional landscape.
- To identify dominant region or segment in the Singapore Elevators and Escalators Market.
- To identify drivers and challenges for the Singapore Elevators and Escalators Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Singapore Elevators and Escalators Market.
- To identify and analyze the profile of leading players operating in the Singapore Elevators and Escalators Market.
- To identify key sustainable strategies adopted by the market players in the Singapore Elevators and Escalators Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.
The publisher calculated the market size of the Singapore Elevators and Escalators Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products 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 studied.
Key Target Audience:
- Manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to elevators & escalators
- 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 manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Singapore Elevators and Escalators Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Singapore Elevators and Escalators Market, By Type:
- Elevator
- Escalator
- Moving Walkways
Singapore Elevators and Escalators Market, By Elevator Door Type:
- Automatic
- Manual
Singapore Elevators and Escalators Market, By Elevator Technology:
- Traction
- Machine Room-Less Traction
- Hydraulic
Singapore Elevators and Escalators Market, By Service:
- Modernization and Maintenance & Repair
- New Installation
Singapore Elevators and Escalators Market, By End-User:
- Residential
- Commercial
- Infrastructural
- Institutional
- Others
Singapore Elevators and Escalators Market, By Region:
- Central Region
- North-East Region
- East Region
- West Region
- North Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Singapore Elevators and Escalators Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Singapore Elevators and Escalators Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decision
5.3. Satisfaction Level
5.4. Elevators and Escalators -Challenges
5.5. Annual Maintenance Contract (AMC) Expectations
5.6. Annual Maintenance Contract (AMC) Challenges
6. Global Elevators and Escalators Market Overview
7. Singapore Elevators and Escalators Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type (Elevator, Escalator and Moving Walkways)
7.2.1.1. By Elevator Door Type (Automatic vs. Manual)
7.2.1.2. By Elevator Technology (Traction, Machine Room-Less Traction and Hydraulic)
7.2.2. By Service (Modernization and Maintenance & Repair, New Installation)
7.2.3. By End User (Residential, Commercial, Infrastructural, Institutional and Others)
7.2.4. By Region
7.2.5. By Company (2021)
7.3. Market Map (Type, Elevator Door Type, Elevator Technology, Service, End User, Region)
8. Singapore Modernization and Maintenance & Repair Elevators and Escalators Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By End User
9. Singapore New Installation Elevators and Escalators Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By End User
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends and Developments
12. Supply Chain Analysis
12.1. Elevators
12.2. Escalators
13. Policy and Regulatory Landscape
14. Import-Export Analysis
15. Singapore Economic Profile
16. Market Strategy
17. Company Profiles
17.1. Chevalier Singapore Holdings Pte. Ltd.
17.2. Fujitec Singapore Corpn. Ltd.
17.3. TK Elevator Singapore Pte. Ltd.
17.4. EM Services Pte. Ltd.
17.5. C&W Services (S) Pte. Ltd.
17.6. Kone Pte. Ltd.
17.7. Schindler Lifts (Singapore) Pte. Ltd.
17.8. Mitsubishi Elevator (Singapore) Pte. Ltd.
17.9. Otis Elevator Company (S) Pte. Ltd.
17.10. Hitachi Elevator Asia Pte. Ltd.
18. Strategic Recommendations
List of FiguresFigure 1: Singapore Elevators and Escalators Market Size, By Value (USD Million), 2017-2027F
Figure 2: Singapore Elevators and Escalators Market Share, By Type, By Value, 2017-2027F
Figure 3: Singapore Elevators and Escalators Market Share, By Elevator Door Type, By Value, 2017-2027F
Figure 4: Singapore Elevators and Escalators Market Share, By Elevator Technology, By Value, 2017-2027F
Figure 5: Singapore Elevators and Escalators Market Share, By Service, By Value, 2017-2027F
Figure 6: Singapore Elevators and Escalators Market Share, By End User, By Value, 2017-2027F
Figure 7: Singapore Elevators and Escalators Market Share, By Region, By Value, 2017-2027F
Figure 8: Singapore Elevators and Escalators Share, By Company, By Value, 2021
Figure 9: Singapore Elevators and Escalators Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 10: Singapore Elevators and Escalators Market Map, By Elevator Door Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 11: Singapore Elevators and Escalators Market Map, By Elevator Technology, Market Size (USD Million) & Growth Rate (%), 2021
Figure 12: Singapore Elevators and Escalators Market Map, By Service, Market Size (USD Million) & Growth Rate (%), 2021
Figure 13: Singapore Elevators and Escalators Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021
Figure 14: Singapore Elevators and Escalators Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 15: Singapore Modernization and Maintenance & Repair Elevators and Escalators Market Size, By Value (USD Million), 2017-2027F
Figure 16: Singapore Modernization and Maintenance & Repair Elevators and Escalators Market Share, By Type, By Value, 2017-2027F
Figure 17: Singapore Modernization and Maintenance & Repair Elevators and Escalators Market Share, By End User, By Value, 2017-2027F
Figure 18: Singapore New Installation Elevators and Escalators Market Size, By Value (USD Million), 2017-2027F
Figure 19: Singapore New Installation Elevators and Escalators Market Size, By Volume (Units), 2017-2027F
Figure 20: Singapore New Installation Elevators and Escalators Market Share, By Type, By Value, 2017-2027F
Figure 21: Singapore New Installation Elevators and Escalators Market Share, By End User, By Value, 2017-2027F
Figure 22: Singapore Lifts and Skip Hoists Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842810)
Figure 23: Singapore Lifts and Skip Hoists Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842810)
Figure 24: Singapore Pneumatic Elevators and Conveyors Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842820)
Figure 25: Singapore Pneumatic Elevators and Conveyors Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842820)
Figure 26: Singapore Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842832)
Figure 27: Singapore Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842832)
Figure 28: Singapore Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842833)
Figure 29: Singapore Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842833)
Figure 30: Singapore Other Continuous-Action Elevators and Conveyers for Goods Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842839)
Figure 31: Singapore Other Continuous-Action Elevators and Conveyers for Goods Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842839)
Figure 32: Singapore Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842831)
Figure 33: Singapore Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Export Scenario, By Value (USD Thousands), 2016-2020 (HS Code: 842831)
Figure 34: Singapore Escalators and Moving Walkways Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842840)
Figure 35: Singapore Escalators and Moving Walkways Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842840)
List of TablesTable 1: High-Rise Buildings in Singapore
Table 2: List of Proposed Projects in Singapore
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Chevalier Singapore Holdings Pte. Ltd.
- Fujitec Singapore Corpn. Ltd.
- TK Elevator Singapore Pte. Ltd.
- EM Services Pte. Ltd.
- C&W Services (S) Pte. Ltd.
- Kone Pte. Ltd.
- Schindler Lifts (Singapore) Pte. Ltd.
- Mitsubishi Elevator (Singapore) Pte. Ltd.
- Otis Elevator Company (S) Pte. Ltd.
- Hitachi Elevator Asia Pte. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | May 2022 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 510.95 Million |
| Forecasted Market Value ( USD | $ 919.21 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Singapore |
