Press release
Indonesia Elevator & Escalator Market (2017-2023)-6Wresearch
Indonesia Elevator & Escalator Market (2017-2023)-6Wresearch
Indonesia elevator and escalator market registered sluggish growth in terms of number of new installations attributed to change in government policies pertaining to election in the country and slowdown in construction industry. However, upcoming new hotels and shopping malls coupled with increasing government spending on infrastructural development projects and inflow of FDI in the construction market (infrastructure, energy, and residential projects) are some of the key factors that would revive growth of the market during 2018-24.
According to 6Wresearch, Indonesia Elevator and Escalator Market is expected to grow at a CAGR of 2.2% during 2017-23. Increase in the construction of skyscrapers and acceptance in the residential vertical to drive the demand for elevator especially in Indonesia. Currently, there are more than 300 active large-scale construction projects in Indonesia leading to surge in demand for elevators and escalators in the country. Declining import taxes and free trade agreements with several Southeast Asian countries propelled price reduction of various elevator and escalator system components.
Browse Press Release : http://www.6wresearch.com/press-releases/indonesia-elevator-and-escalator-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news.html
According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, Indonesia market is anticipated to register healthy growth on the back of improving economic conditions, implementation of housing projects and programs, expanding middle class population, and rising infrastructure development projects in the country. Growing government investment on expansion of public infrastructure in the country would lead to surge in demand for elevators and escalators over the next three years.
"Moreover, increasing number of foreign tourists buoyed the construction of new hotels across the region, especially in Jakarta, resulting in an upsurge in deployment of elevators. On the contrary, due to elections in 2019, Indonesia elevator and escalator market is expected to display a slowdown in growth owing to declining government spending pertaining to infrastructural development and several construction projects," Samuel further added.
According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Commercial vertical which includes transportation and retail segments, accounted for major share in the overall market. Indonesia is registering significant infrastructural development activities in the commercial sector.
Additionally, increasing construction activities in residential vertical, would further stimulate the growth of market during the forecast period.," Shefali concluded.
Some of the key players in Indonesia elevator and escalator market include- Hyundai Elevator, Hitachi, Kone Corporation, Mitsubishi Electric, Otis Elevator, Schindler, and ThyssenKrupp.
"Indonesia Elevator and escalator Market (2017-2023)" provides in-depth analysis with 45 figures and 13 tables covered in more than 100 pages. The report estimates and forecast the overall Indonesia elevator and escalator market by revenues, type, regions, services and verticals such as residential, commercial, and industrial. The report also offer insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/indonesia-elevator-and-escalator-market-2017-2023-market-forecast-by-segments-services-verticals-residential-commercial-industrial-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Indonesia Elevator & Escalator Market (2017-2023)-6Wresearch here
News-ID: 1048049 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Why the Global Wall Clock Market is Growing Steadily with Advancements in Design …
The global wall clock market has experienced consistent growth in recent years, which is driven by a combination of evolving consumer preferences, home decor trends, and advancements in clock technology. Wall clocks, once considered functional household items, are now becoming stylish decor pieces that improve the aesthetics of living rooms, offices, and other spaces. The increasing emphasis on home decoration, as well as the growing focus on convenience and time…
Why the Global Windows Market is Growing Steadily with Advancements in Technolog …
The global windows market has been witnessing a steady growth over the years. This growth is due to some major factors, such as construction activities are increasing and technological upgradation in window manufacturing. Furthermore, the demand for energy-efficient solutions has increased, which leads to a positive impact on the market growth. Windows are considered an important part of residential, commercial, and industrial buildings, which contribute to aesthetic appeal, ventilation, and…
Why the Global Wine Market is Growing Steadily with Innovations in Production an …
Wine is known for its antioxidant properties, especially red wine, which is considered healthy for the heart health. It has diverse ranges and flavors, which attracts wider consumer base. The global wine market has been experiencing a steady growth over the years. This growth is due to some key drivers, such as increasing wine consumption rate globally and increasing income levels of middle class population that allow consumers to spend…
Why the Global Semiconductor Market is Expanding Rapidly with Technological Adva …
The global semiconductor market is estimated to grow in the coming years as it is driven by some major factors, such as increasing demand across various industries such as consumer electronics, automotive, telecommunications, and industrial automation and e rising adoption of advanced technologies such as 5G, AI, and IoT. Other factor contributing to the market growth are a surge in demand for faster, smaller, and more energy-efficient chips, and innovations…
More Releases for Indonesia
Indonesia Facility Management Market Size, Trends 2031 By Key Players- Sodexo, I …
Indonesia Facility Management Market Growth Factors
Market conditions reflect evolving infrastructure and service expectations. Urbanization accelerates demand as commercial buildings, transport hubs, and mixed use developments require integrated services. Regulatory compliance strengthens outsourcing through safety standards, sustainability mandates, and reporting requirements. Technology integration improves efficiency using sensors, analytics, and automated maintenance scheduling. Current challenges include skilled labor shortages, fragmented vendor ecosystems, and cost sensitivity among clients. Market scope for 2026 includes…
Indonesia Oil and Gas Market Size, Share Projections 2031 by Key Manufacturer- P …
USA, New Jersey: According to Verified Market Research analysis, the global Indonesia Oil and Gas Market size was valued at USD 281.50 Billion in 2024 and is projected to reach USD 499.94 Billion by 2032, growing at a CAGR of 7.66% during the forecast period 2026-2032.
What is the current outlook and growth potential of the Indonesia Oil and Gas Market?
The Indonesia Oil and Gas Market is showing signs of gradual…
Indonesia Amino Acid Fertilizer Market Anticipated for Positive Growth by 2031 | …
Indonesia Amino Acid Fertilizer Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Indonesia Amino Acid Fertilizer market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research…
Overview of Indonesia MICE Market | SHIFTinc, Venuerific Indonesia, Werkudara Gr …
Astute Analytica, a leading provider of market research and analysis, released its highly anticipated Market Analysis Report on the Indonesia MICE Market. This comprehensive report aims to equip businesses with invaluable insights and data, enabling them to make informed decisions and stay one step ahead of the competition.
Access the Comprehensive PDF Market Research Analysis Report Here: https://www.astuteanalytica.com/request-sample/indonesia-mice-market
Indonesia MICE Market was valued at US$ 2,095.95 million in 2022 and is…
Clinical Laboratory Market in Indonesia, Clinical Laboratory Industry in Indones …
"Increase in healthcare expenditure from the Indonesian government has driven the growth of clinical laboratory market in Indonesia."
Increase in Healthcare Awareness: Largely driven by increase in healthcare spending by aging population (~$ 260 per person by 2050), rising income levels, rising awareness for preventive testing, advanced healthcare diagnostic tests offerings, and central government's healthcare measures.
Developments in Testing and Preference for Evidence based testing: There is also a rising number…
Baby Food Sector in Indonesia Market 2019 By PT Nestlé Indonesia, Danone, PT Ka …
"The Baby Food Sector in Indonesia, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indonesian market.
Dietary habits have inhibited sales of commercially prepared baby foods in Indonesia. With the exception of Jakarta, many Indonesians have a traditional diet, based on rice, fresh fruit, and vegetables, supplemented with meat, although, 80% of the population is Muslim, and do not…
