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Malaysia Elevators & Escalators Market, By Type (Elevator, Escalator and Moving Walkways), By Service (New Installation, Modernization and Maintenance & Repair), By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction), By Elevator Door Type (Automatic and Manual), By End User (Residential, Commercial, Infrastructural, Institutional and Others) By Region, Competition Forecast & Opportunities, 2017-2027

November 2022 | 106 pages | ID: M0C573AE3DA8EN
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Malaysia Elevators & Escalators Market was valued at USD 544.84 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.03% owing to the rapid rise in urbanization and increase in infrastructure, making way for the elevators & escalators market.

An elevator or a lift can be defined as a machine installed in a building to lift, transport, or move people or things from one floor to another. Elevators can be used in various facilities, such as housing estates, commercial buildings, shopping malls, clinics, etc., to move passengers and goods from one level to another. Elevators can also be used in factories and industrial plants to transport goods, machines, and finished goods between different floors.

Escalators or moving staircases are powered by electricity, have a chain and drive sprocket, and are held in place by two tracks. Elevators fall into four categories: traction, hydraulic, machine room less traction. Escalators are divided into two categories: moving stairs and moving walkways

The Rapid Infrastructure Expansion

Malaysia is presently one of the most urbanized countries in East Asia. Inhabitants from rural areas migrate to urban areas due to the economy and employment shifting from agriculture to industry and services. The population of Malaysia is increasing, giving rise to the demand for more housing, commercial buildings, social spaces, and infrastructure. Thus, the Malaysian government provides appropriate, high-quality, and affordable housing. Malaysia's demand for elevators and escalators is driven by rapid urbanization and modernized infrastructure.

Consequently, the Malaysian government actively invests in large-scale infrastructure projects to facilitate urban growth. Moreover, innovative technology significantly improves the infrastructure of urban areas, medical facilities, and various social amenities, attracting people from rural areas. As a result, an increase in the population of the metropolitan regions leads to a rise in the demand for real estate properties, mall construction, building construction, residential building construction, and so on, increasing the demand for escalators and elevators market in Malaysia.

More smart cities are emerging

The agreement for smart cities includes building information management and intelligent vertical mobility. Digital technologies are used in smart city solutions to fulfil social, environmental, and economic objectives. A world-class smart city may be created using technologies like automated order fulfilment, networked sensors, and many more. Through its major domestic project 'Smart City Plan,' the Malaysian government significantly contributes to the growth of smart cities. The Smart City Plan is a cutting-edge method of managing cities that offers answers to problems and raises the standard of living for city residents. Over the course of the forecast period, it is anticipated that the country's market for elevators and escalators will experience further growth due to the rapid increase in urbanization, economic growth, the adoption of new technologies, and the installation of advanced vertical transportation systems.

Advancements in Technologies

Owing to technological advancements, companies present many attractive technologies in elevators, such as Wi-Fi, HVAC systems, music players, etc. Furthermore, with the utilization of AC and permanent magnet gearless motor technology, the efficiency of elevator hoisting machines has increased, which allows fewer elevator trips and improved balancing of elevators that can contribute to energy savings. Moreover, this rapid urbanization, economic growth, and integration of modern technologies are forecast to lead Malaysia. In addition, the installation of advanced vertical transportation systems will be expected to further boost the market for elevators & escalators in the country during the forecast period.

As elevator and escalator manufacturers aim to build sustainable products and adopt environmentally friendly strategies due to environmental problems, there has been an escalating demand for green elevators, positively impacting the market growth and driving the elevators & escalators market in Malaysia.

Market Segmentation

Malaysia Elevators & Escalators Market is segmented based on by type, by service, by elevator technology, by elevator door type, by end user, region and company. Based on type, the market is segmented into elevator, escalator, and moving walkways. Based on service, the market is segmented into modernization and maintenance & repair and new installation. Based on elevator technology, the market is segmented into traction, hydraulic, and machine room-less traction. Based on elevator door type, the market is segmented into automatic and manual. Based on end user, the market is segmented into residential, commercial, institutional, infrastructural and others. Based on region, the market is segmented into Central Region, East Malaysia, Northern Region, Eastern Region, Southern Region.

Company Profiles

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., Toshiba Elevator Malaysia, Hyundai Elevator Malaysia Sdn Bhd., Fujitec (Malaysia) Sdn Bhd, MXC Elevator Sdn. Bhd. are among the major market players in the Malaysia Elevators & Escalators Market.

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 detailed below:
  • Malaysia Elevators & Escalators Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • Malaysia Elevators & Escalators Market, By Service:
    • New Installation
    • Modernization and Maintenance & Repair
  • 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
    • Infrastructural
    • Institutional
    • Others
  • Malaysia Elevators & Escalators Market, By Region:
    • Central Region
    • East Malaysia
    • Northern Region
    • Eastern Region
    • Southern Region
Competitive Landscape

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

Available Customizations:

With the given market data, TechSci Research offers customizations according to 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).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. 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. Key Takeaways
  7.2.8. By Company (2021)
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 NEW INSTALLATION 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 MODERNIZATION, MAINTENANCE & REPAIR 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 LANDSCAPE

14. IMPORT-EXPORT ANALYSIS

15. 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. Toshiba Elevator Malaysia
16.8. Hyundai Elevator Malaysia Sdn Bhd.
16.9. Fujitec (Malaysia) Sdn Bhd
16.10. MXC Elevator Sdn. Bhd.

17. STRATEGIC RECOMMENDATIONS

18. ABOUT US & DISCLAIMER

LIST OF FIGURES

Figure 1: Malaysia Elevators & Escalators Market Size, By Value (USD Million), 2017-2027F
Figure 2: Malaysia Elevators & Escalators Market Size, By Volume (Units), 2017-2027F
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), 2017-2021
Figure 6: Value of Non-Residential Building Construction in Malaysia, (USD Billion), 2017-2021
Figure 7: Malaysia Elevators & Escalators Market Share, By Type, By Value, 2017-2027F
Figure 8: Malaysia Elevators & Escalators Market Share, By Service, By Value, 2017-2027F
Figure 9: Malaysia Elevators & Escalators Market Share, By Elevator Technology, By Value, 2017-2027F
Figure 10: Malaysia Elevators & Escalators Market Share, By Elevator Door Type, By Value, 2017-2027F
Figure 11: Malaysia Elevators & Escalators Market Share, By End User, By Value, 2017-2027F
Figure 12: Malaysia Elevators & Escalators Market Share, By Region, By Value, 2017-2027F
Figure 13: Malaysia Elevators Market Share, By Company, By Value, 2021
Figure 14: Malaysia Elevators & Escalators Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 15: Malaysia Elevators & Escalators Market Map, By Service, Market Size (USD Million) & Growth Rate (%), 2021
Figure 16: Malaysia Elevators & Escalators Market Map, By Elevator Technology, Market Size (USD Million) & Growth Rate (%), 2021
Figure 17: Malaysia Elevators & Escalators Market Map, By Elevator Door Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 18: Malaysia Elevators & Escalators Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021
Figure 19: Malaysia Elevators & Escalators Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 20: Malaysia Elevators & Escalators New Installation Market Size, By Value (USD Million), 2017-2027F
Figure 21: Malaysia Elevators & Escalators New Installation Market Share, By Type, By Value, 2017-2027F
Figure 22: Malaysia Elevators & Escalators New Installation Market Share, By End User, By Value, 2017-2027F
Figure 23: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Size, By Value (USD Million), 2017-2027F
Figure 24: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Share, By Type, By Value, 2017-2027F
Figure 25: Malaysia Elevators & Escalators Modernization, Maintenance & Repair Market Share, By End User, By Value, 2017-2027F
Figure 26: Malaysia Lifts and Skip Hoists Import Scenario, By Value (USD Million), 2017-2021 (HS Code: 842810)
Figure 27: Malaysia Lifts and Skip Hoists Export Scenario, By Value (USD Million), 2017-2021 (HS Code: 842810
Figure 28: Malaysia Pneumatic Elevators and Conveyors Import Scenario, By Value (USD Million), 2017-2021 (HS Code: 842820)
Figure 29: Malaysia Pneumatic Elevators and Conveyors Export Scenario, By Value (USD Million), 2017-2021 (HS Code: 842820)
Figure 30: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Import Scenario, By Value (USD Million), 2017-2021 (HS Code: 842832)
Figure 31: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Bucket Type Export Scenario, By Value (USD Million), 2017-2021 (HS Code: 842832)
Figure 32: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Import Scenario, By Value (USD Million), 2017-2021 (HS Code: 842833)
Figure 33: Malaysia Other Continuous Action Elevators and Conveyers for Goods/Materials, Belt Type Export Scenario, By Value (USD Million), 2017-2021 (HS Code: 842833)
Figure 34: Malaysia Other Continuous-Action Elevators and Conveyers for Goods Import Scenario, By Value (USD Million), 2017-2021 (HS Code: 842839)
Figure 35: Malaysia Other Continuous-Action Elevators and Conveyers for Goods Export Scenario, By Value (USD Million), 2017-2021 (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), 2017-2021 (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), 2017-2021 (HS Code: 842840)
Figure 39: Malaysia Escalators and Moving Walkways Export Scenario, By Value (USD Million), 2018-2021 (HS Code: 842840)


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