Singapore Elevator and Escalator Market (2017-2023): Market Forecast by Types, by Services, by Verticals and Competitive Landscape

The Singapore Elevator and Escalator Market is Projected to Grow at a CAGR of Over 4.2% During 2017-23

The growth of elevator and escalator industry substantially depends upon the construction outlook of the country. Though, Singapore elevator and escalator market recorded sluggish growth over the past few years, owing to declining construction sector, especially in the residential segment. However, it is anticipated to gain significant momentum post 2018. This growth would be majorly attributed to the recovery of construction sector along with continuously rising demand for maintenance services by huge installed base of elevators and escalators in the country.

According to this research, Singapore Elevator and Escalator Market is projected to grow at a CAGR of over 4.2% during 2017-23. The elevator segment bagged highest revenue share in 2016, attributed to its prominence across offices, retail formats, transportation, and residential verticals. Moreover, escalator market is anticipated to exhibit higher growth during the forecast period, attributed to surging installation of escalators across shopping malls and transit systems including bus, railways, ships, & airports. Further, introduction of moving walkways through which commuters can easily carry their luggage has accelerated the adoption of escalators in the country.
Among different end user verticals, the commercial segment including corporate offices, malls, transport systems, hotels, hospitals, and others, contributed highest revenue share towards the overall elevator and escalator market in the country. The segment is anticipated to continue its dominance during the forecast period as well owing to continuous installation of escalators across the commercial buildings.

The report thoroughly covers Singapore elevator and escalator market by types, services, and verticals. The report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Historical data & Forecast of South and Southeast Asia Elevator & Escalator Market Revenue & Volume for the Period 2014-2023
• Historical data & Forecast of Singapore Elevator & Escalator Market Revenue & Volume for the Period 2014-2023
• Historical data & Forecast of Singapore Elevator Market Revenue & Volume for the Period 2014-2023
• Historical data & Forecast of Singapore Escalator Market Revenue & Volume for the Period 2014-2023
• Historical data of Singapore Elevator & Escalator Market, By Types for the Period 2014-2016
• Market Size & Forecast data of Singapore Elevator & Escalator Market, By Types until 2023
• Historical data of Singapore Elevator & Escalator Market, By Services for the Period 2014-2016
• Market Size & Forecast data of Singapore Elevator & Escalator Market, By Services until 2023
• Historical data of Singapore Elevator & Escalator Market, By Verticals for the Period 2014-2016
• Market Size & Forecast data of Singapore Elevator & Escalator Market, By Verticals until 2023
• Market Drivers and Restraints
• Market Trends and Opportunities
• Industry Life Cycle and Value Chain Analysis
• Porter's Five Forces Analysis
• Competitive Benchmarking, and Company Profiles
• Key Strategic Pointers

Markets Covered:

The report provides detailed analysis of the following market segments:

By Types:

• Elevator
  • Passenger
  • Cargo
  • Home
• Escalator
  • Moving Stairs
  • Moving Walkways

By Services:

• New Installation Service
• Maintenance Service

By Verticals:

• Residential
• Industrial
• Commercial