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Malaysia Elevators & Escalators Market, By Type (Elevator, Escalator and Moving Walkways), By Service (Modernization, Maintenance & Repair and New Installation), By Elevator Technology, By Elevator Door Type, By End User, By Region, Competition Forecast & Opportunities, 2026F

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    Report

  • 102 Pages
  • November 2021
  • Region: Malaysia
  • TechSci Research
  • ID: 5472916
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Malaysia Elevators & Escalators Market stood at USD411.94 million in 2020 and is projected to grow at a CAGR of 5.44% by 2026. Increase in number of smart cities and emphasis on enhanced safety features, technological developments by major industry players and new technology of elevators using energy-saving regenerative drives are the primary factors contributing to the growth of the Malaysia Elevators & Escalators market.





Growth in the market is also dependent on account of the renovation of existing buildings and infrastructure spaces, green and advanced elevators coupled with the installation of elevators in transit systems (airports and railways). All the major players operating in the elevator & escalator market in Malaysia are increasing their product portfolio by offering better safety and reliability through digitization and incorporating intelligent systems, and companies are investing in the development of safer technologies for new products. Various government schemes have been carried out to increase urbanization which is expected to increase the demand for elevators & escalators in the country.

Based on elevator technology, the market is segmented into Traction, Hydraulic and Machine Room-Less Traction. Traction & Machine Room-Less (MRL) Traction machinery segment dominates the Malaysia elevators & escalators market, accounting for a cumulative share of 90.32% in 2020. This is due to the increasing environmental issues related with hydraulic machine elevators. Additionally, increasing construction activities of high-rise residential buildings and new commercial spaces require a faster mode of vertical transportation.

Based on region, in 2020, the Central Region (West Malaysia) accounted for the largest share of 34.90% in the Malaysia Elevators & Escalators market, owing to the increasing investment in the construction sector and increasing urbanization in Selangor and Kuala Lumpur. Modernization, industrialization, and urbanization in infrastructure projects and rising demand for green elevators are the key drivers for the growth of the elevators & escalators market in the central region. Growth is also expected on account of the renovation of existing buildings and infrastructure spaces, so that they can be changed or replaced partially, ease of commuting for old age and disabled population and upgrading of old elevators to modern ones is expected to increase the demand for Malaysia Elevators & Escalators in the forecast period.

Some of the major players operating in the Malaysia Elevators & Escalators Market include KONE Elevator (M) Sdn. Bhd, Antah Schindler Sdn. Bhd., Hitachi Elevator Engineering (Malaysia) Sdn. Bhd., Mitsubishi Elevator Malaysia Sdn Bhd, Otis Elevator Company Sdn. Bhd., Tk Elevator Malaysia Sdn. Bhd., MS Elevators Engineering Sdn. Bhd., Hyundai Elevator Malaysia Sdn Bhd., and Fujitec (Malaysia) Sdn Bhd.

Years considered for this report:

  • Historical Years: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2026

Objective of the Study:

  • To analyze the historical growth in market size of Malaysia Elevators & Escalators Market from 2016 to 2020.
  • To estimate and forecast the market size of Malaysia Elevators & Escalators Market from 2021 to 2026 and growth rate until 2026.
  • To understand the regional market structure of Malaysia Elevators & Escalators Market, which is segmented into four regions, namely - Central Region (West Malaysia), East Malaysia, Northern Region (West Malaysia) Eastern Region (West Malaysia) and Southern Region (West Malaysia).
  • To identify the detailed information about the prime factors affecting the Malaysia Elevators & Escalators Market.
  • To evaluate competitive pricing, average market selling prices and margins in the Malaysia Elevators & Escalators Market.
  • To examine competitive developments such as new entrants, government policy and investments in Malaysia Elevators & Escalators Market.
  • To strategically profile the leading players in the market which are involved in Malaysia Elevators & Escalators Market.

To analyze and forecast Malaysia Elevators & Escalators Market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in Malaysia Elevators & Escalators Market was also undertaken. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future of major players was studied and projects which have commissioned in the country were identified.

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:

  • Elevator & escalator manufacturers/companies/partners
  • Suppliers and distributors
  • 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 industry stakeholders, such as Malaysia Elevators & Escalators companies, customers, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:


In this report Malaysia Elevators & Escalators Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

Malaysia Elevators & Escalators Market, By Type:

  • Elevator
  • Escalator
  • Moving Walkways

Malaysia Elevators & Escalators Market, By Service:

  • Modernization
  • Maintenance & Repair
  • New Installation

Malaysia Elevators & Escalators Market, By Elevator Technology:

  • Traction
  • Hydraulic
  • Machine Room-Less Traction

Malaysia Elevators & Escalators Market, By Elevator Door Type:

  • Automatic
  • Manual

Malaysia Elevators & Escalators Market, By End User:

  • Residential
  • Commercial
  • Institutional
  • Infrastructural
  • Others

Malaysia Elevators & Escalators Market, By Region:

  • Central Region (West Malaysia)
  • East Malaysia
  • Northern Region (West Malaysia)
  • Eastern Region (West Malaysia)
  • Southern Region (West Malaysia)

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in Malaysia Elevators & Escalators Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.
Frequently Asked Questions about the Malaysian Elevators & Escalators Market

What is the estimated value of the Malaysian Elevators & Escalators Market?

The Malaysian Elevators & Escalators Market was estimated to be valued at $388.62 Million in 2016.

What is the growth rate of the Malaysian Elevators & Escalators Market?

The growth rate of the Malaysian Elevators & Escalators Market is 3.9%, with an estimated value of $572.39 Million by 2026.

What is the forecasted size of the Malaysian Elevators & Escalators Market?

The Malaysian Elevators & Escalators Market is estimated to be worth $572.39 Million by 2026.

Who are the key companies in the Malaysian Elevators & Escalators Market?

Key companies in the Malaysian Elevators & Escalators Market include KONE Elevator (M) Sdn. Bhd., Antah Schindler Sdn. Bhd., Hitachi Elevator Engineering (Malaysia) Sdn. Bhd., Mitsubishi Elevator Malaysia Sdn Bhd, Otis Elevator Company Sdn. Bhd., Tk Elevator Malaysia Sdn. Bhd., MS Elevators Engineering Sdn. Bhd., Hyundai Elevator Malaysia Sdn Bhd. and MXC Elevator Sdn. Bhd..

Table of Contents

1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Malaysia Elevators & Escalators Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Satisfaction
5.3. Factors Influencing Purchase Decision
5.4. Customer Satisfaction
5.5. Elevators and Escalators -Challenges
5.6. Annual Maintenance Contract (AMC) Expectations
6. Global Elevators & Escalators Market Overview
7. Malaysia Elevators & Escalators Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Elevator, Escalator and Moving Walkways)
7.2.2. By Service (Modernization, Maintenance & Repair and New Installation)
7.2.3. By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction)
7.2.4. By Elevator Door Type (Automatic and Manual)
7.2.5. By End User (Residential, Commercial, Institutional, Infrastructural and Others)
7.2.6. By Region
7.2.7. By Company (2020)
7.3. Market Map (By Type, By Service, By Elevator Technology, By Elevator Door Type, By End User and By Region)
8. Malaysia Elevators & Escalators Modernization, Maintenance & Repair 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. Malaysia Elevators & Escalators New Installation Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By End User
10. Market Dynamics
10.1. Market Drivers
10.2. Market Challenges
11. Market Trends and Developments
12. Supply Chain Analysis
12.1. Elevators
12.2. Escalators
13. Policy & Regulatory Landscape14. Import Export Analysis15. Malaysia Economic Profile
16. Company Profiles
16.1. KONE Elevator (M) Sdn. Bhd.
16.2. Antah Schindler Sdn. Bhd.
16.3. Hitachi Elevator Engineering (Malaysia) Sdn. Bhd.
16.4. Mitsubishi Elevator Malaysia Sdn Bhd
16.5. Otis Elevator Company Sdn. Bhd.
16.6. Tk Elevator Malaysia Sdn. Bhd.
16.7. MS Elevators Engineering Sdn. Bhd.
16.8. Hyundai Elevator Malaysia Sdn Bhd.
16.9. Fujitec (Malaysia) Sdn Bhd
16.10. MXC Elevator Sdn. Bhd.
17. Strategic Recommendations18. About the Publisher & Disclaimer

List of Figures

Figure 1: Malaysia Elevators & Escalators Market Size, By Value (USD Million), 2016-2026F
Figure 2: Malaysia Elevators & Escalators Market Size, By Volume (Units), 2016-2026F
Figure 3: Value of Construction Work in Malaysia (USD Billion), Q1 2020-Q2 2021
Figure 4: Share of Various Segments in Construction Work in Malaysia (%), Q1 2020-Q2 2021
Figure 5: Value of Residential Building Construction in Malaysia, (USD Billion), 2016-2020
Figure 6: Value of Non-Residential Building Construction in Malaysia, (USD Billion), 2016-2020
Figure 7: Malaysia Elevators & Escalators Market Share, By Type, By Value, 2016-2026F
Figure 8: Malaysia Elevators & Escalators Market Share, By Service, By Value, 2016-2026F
Figure 9: Malaysia Elevators & Escalators Market Share, By Elevator Technology, By Value, 2016-2026F
Figure 10: Malaysia Elevators & Escalators Market Share, By Elevator Door Type, By Value, 2016-2026F
Figure 11: Malaysia Elevators & Escalators Market Share, By End User, By Value, 2016-2026F
Figure 12: Malaysia Elevators & Escalators Market Share, By Region, By Value, 2016-2026F
Figure 13: Malaysia Elevators Market Share, By Company, By Value, 2020
Figure 14: Malaysia Elevators & Escalators Market Map, By Type, Market Size (USD Million) & Growth Rate (%)
Figure 15: Malaysia Elevators & Escalators Market Map, By Service, Market Size (USD Million) & Growth Rate (%)
Figure 16: Malaysia Elevators & Escalators Market Map, By Elevator Technology, Market Size (USD Million) & Growth Rate (%)
Figure 17: Malaysia Elevators & Escalators Market Map, By Elevator Door Type, Market Size (USD Million) & Growth Rate (%)
Figure 18: Malaysia Elevators & Escalators Market Map, By End User, Market Size (USD Million) & Growth Rate (%)
Figure 19: Malaysia Elevators & Escalators Market Map, By Region, Market Size (USD Million) & Growth Rate (%)
Figure 20: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Size, By Value (USD Million), 2016-2026F
Figure 21: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Share, By Type, By Value, 2016-2026F
Figure 22: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Share, By End User, By Value, 2016-2026F
Figure 23: Malaysia Elevators & Escalators New Installation Market Size, By Value (USD Million), 2016-2026F
Figure 24: Malaysia Elevators & Escalators New Installation Market Share, By Type, By Value, 2016-2026F
Figure 25: Malaysia Elevators & Escalators New Installation Market Share, By End User, By Value, 2016-2026F
Figure 26: Malaysia Lifts and Skip Hoists Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842810)
Figure 27: Malaysia Lifts and Skip Hoists Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842810)
Figure 28: Malaysia Pneumatic Elevators and Conveyors Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842820)
Figure 29: Malaysia Pneumatic Elevators and Conveyors Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842820)
Figure 30: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842832)
Figure 31: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842832)
Figure 32: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842833)
Figure 33: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842833)
Figure 34: Malaysia Other Continuous-Action Elevators and Conveyers for Goods Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842839)
Figure 35: Malaysia Other Continuous-Action Elevators and Conveyers for Goods Export Scenario, By Value
(USD Million), 2016-2020 (HS Code: 842839)
Figure 36: Malaysia 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 37: Malaysia Continuous-Action Elevators and Conveyers Specially Designed for Underground Use for Goods/Materials Export Scenario, By Value (USD Thousands), 2019-2020 (HS Code: 842831)
Figure 38: Malaysia Escalators and Moving Walkways Import Scenario, By Value (USD Million), 2016-2020 (HS Code: 842840)
Figure 39: Malaysia Escalators and Moving Walkways Export Scenario, By Value (USD Million), 2016-2020 (HS Code: 842840)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • KONE Elevator (M) Sdn. Bhd.
  • Antah Schindler Sdn. Bhd.
  • Hitachi Elevator Engineering (Malaysia) Sdn. Bhd.
  • Mitsubishi Elevator Malaysia Sdn Bhd
  • Otis Elevator Company Sdn. Bhd.
  • Tk Elevator Malaysia Sdn. Bhd.
  • MS Elevators Engineering Sdn. Bhd.
  • Hyundai Elevator Malaysia Sdn Bhd.
  • Fujitec (Malaysia) Sdn Bhd
  • MXC Elevator Sdn. Bhd.