Indonesia Elevator Market 2027: Future Growth and Opportunities | Techsci Research

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Indonesia Elevator Market Forecast 2027
Projected Growth and Opportunities Techsci
Research
According to TechSci Research report, Indonesia
Elevator Market By Region, Competition,
Forecast Opportunities, 2017- 2027 Indonesia
elevator market stood at USD647 million in 2021
and is expected to grow at a CAGR of 5.78 during
the forecast period to reach over USD864 billion
by 2027 on account of substantial growth in the
construction sector, resulting in a significant
increase in new development projects and repair
and maintenance activities, may create enormous
opportunities for industry expansion.
Due to the increased emphasis on modernization
and infrastructure development throughout the
country over the last few decades, urban
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cities throughout the country have undergone
consistent transformation. Furthermore, as
environmental laws and regulations continue to
pave the way for a greener and more sustainable
future in modern cities, significant progress
has been made in terms of urban landscape and
development. At the moment, trends indicate that
novel technologies such as artificial
intelligence, machine learning, and the Internet
of Things (IoT) are being increasingly adopted in
residential and commercial projects across the
country. Furthermore, demand for IoT in
elevators has increased dramatically as a result
of a variety of factors, including increased
governmental support for the development of
"smart cities," increased awareness of the
benefits of IoT, improved security and safety,
and remote monitoring. In 2017, the government of
Indonesia launched the 100 Smart Cities
Movement, a digital initiative. The initiative
has caused the change in the capital to
Kalimantan that has positively affected the
demand for elevators in Indonesia. For USD 149
million, Mitsubishi Corp. will add an urban
development project to its smart city initiative
near Jakarta, representing residential and
commercial zones developed on six hectares
around a railway station, which in turn is
creating a market opportunity for elevator
manufacturers in Indonesia. Owing to
technological advancements, companies are
introducing many innovative technologies such as
Wi-Fi, heating, ventilation, and air
conditioning (HVAC) systems, music players, etc.,
in elevators. Furthermore, with the utilization
of AC and permanent magnet gearless motor
technology, the efficiency of elevator hoisting
machines has increased. Therefore, these factors a
re driving
the Indonesia Elevator Market. Browse over 47
market data Figures and spread through 120 Pages
and an in-depth TOC on " Indonesia Elevator
Market"
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Indonesia elevator market is segmented based on
service, type of carriage, type of carriage,
elevator door type, end-user, and by company.
Based on service, the market is further
fragmented into new installation, modernization
and maintenance repair. The new installation
service in the Indonesia Elevator Market stood at
USD399.61 Million, with a market share of 61.67
in 2021 and the market is projected to reach
USD527.45 Million in the next five years,
exhibiting a CAGR of 5.58, in value terms,
during 2022E-2027F. Furthermore, along with
modernization, there are innovations in trends
and technologies of newly installed elevators in
construction buildings. Smart elevators are
intended for new installations with a vision
toward efficiency and energy savings. In new
buildings, many elevators are equipped with
internet access. These elevators contain sensors
that collect data on usage and other factors. The
data is saved in a cloud-based platform that
predicts future problems and assists technicians
in repairing and maintaining it before it
fails. Based on type of carriage, the market is
segmented into passenger, freight and others
(stretcher elevators, dumb-waiter elevators,
etc.). On the basis of type of machinery, the
market is segmented into traction,
hydraulic. Based on end-user, the market is
divided into residential, commercial,
institutional, infrastructural and others
(railways, airports, etc). The residential end
user segment in Indonesia Elevator Market stood
at USD271.08 Million, with a market share of
41.84 in 2021 and the market is projected to
reach USD350.78 Million in the next five years,
exhibiting a CAGR of 5.51, in value terms,
during 2022E-2027F, due to increased residential
construction, major upcoming projects, and
initiatives such as the Indonesian governments
One Million Houses (OMH) program per year, is
expected to spur the growth of the residential
segment.
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• Key market players in the Indonesia elevator
  market include
• PT. KONE Indo Elevator
• PT. Hyundai Elevator Indonesia
• PT. Citas Otis Elevator
• PT. Fujitec Indonesia
• PT. Mitsubishi Jaya Elevator and Escalator
• PT. Hitachi Asia Indonesia
• P.T. Berca Schindler Lifts
• PT. TKE Elevator Indonesia
• PT FUJITA INDONESIA
• PT. Canny Elevator Indonesia
• Download Sample Report
• Customers can also request for 10 free
  customization on this report.
• Indonesia's Parliament passed the Capital City
  Bill in January 2022, relocating the country's
  capital from Jakarta to East Kalimantan
  Province, which will eventually be known as
  Nusantara. The President of the Republic of
  Indonesia cited increasing pollution and
  population in Jakarta as the primary reasons for
  passing legislation to relocate the country's
  capital from Jakarta to East Kalimantan Province.
  Due to the changing capital, the large number of
  infrastructure projects in Kalimantan are in the
  pipeline, which has positively affected the
  demand for elevators in Indonesia. Additionally,
  the Indonesian government has outlined several
  goals in a bill recently approved by Parliament,
  such as the governments "Movement Towards 100
  Smart Cities." Nusantara will be developed as a
  smart city that will heavily emphasise
  sustainability. So, in order to maintain
  sustainability, the market players in the
  elevator industry are more focused on new

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modernization services such as increasing
efficiency, lowering energy costs, improving
reliability, reducing maintenance and increasing
safety, which has increased the growth rate of
Indonesia Elevator Market., said Mr. Karan
Chechi, Research Director with TechSci Research,
a research-based global management consulting
firm. Indonesia Elevator Market By Service (New
Installation, Modernization and Maintenance
Repair), By Type of Carriage (Passenger,
Freight, Others (stretcher elevators, dumb-waiter
elevators, etc.)), By Type of Machinery
(Traction, Hydraulic), By Elevator Door Type
(Automatic, Manual), By End-User (Residential,
Commercial, Institutional, Infrastructural,
Others (Railways,
Airports, etc.)) Competition, Forecast
Opportunities, 2017- 2027, has evaluated the
future growth potential of the Indonesia
elevator market and provides statistics
information on market size, structure, and
future market growth. The report intends to
provide cutting-edge market intelligence and
help decision makers take sound investment
decisions. Besides, the report also identifies
and analyzes the emerging trends along with
essential drivers, challenges, and opportunities
in the Indonesia elevator market. Table of
Content

1. Product Overview
2. Research Methodology
3. Impact of Covid-19 on Indonesia Elevator Market
4. Executive Summary
5. Voice of Customer

1. Brand Awareness
2. Factors Influencing Purchase Decision
3. Key Challenges Faced

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• Key Satisfaction Level
• Annual Maintenance Contract (AMC) Expectation
• Annual Maintenance Contract (AMC) Challenges
• Global Elevator Market Overview
• Indonesia Elevator Market Outlook
• Indonesia Elevator Market Overview
• Market Size Forecast
• By Value Volume
• 7.3. Market Share Forecast

7.3.1. 7.3.2.
By Type of Carriage (Passenger, Freight,
Others) By Service (Modernization and Maintenance
Repair,
New Installation)
7.3.3. 7.3.4. 7.3.5.
By Type of Machinery (Traction Hydraulic) By
Elevator Door Type (Automatic Manual) By
End-User (Residential, Commercial, Institutional,
Infrastructural and Others)
7.3.6. 7.3.7.
By Region By Company (2021)

• 7.4. Market Map (By Type of Carriage, By Service,
  By Type of Machinery, By Elevator Door Type, By
  End-User, By Region)
• Indonesia New Installation Elevator Market
  Outlook
• Indonesia New Installation Elevator Market
  Overview
• Market Size Forecast
• By Value Volume

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8.3. Market Share Forecast
8.3.1. 8.3.2. 8.3.3. 8.3.4.
By Type of Carriage By Type of Machinery By
Elevator Door Type By End-User

• Indonesia Modernization and Maintenance Repair
  Elevator Market Outlook
• Indonesia Modernization and Maintenance Repair
  Elevator Market Overview
• Market Size Forecast
• By Value Volume
• 9.3. Market Share Forecast

9.3.1. 9.3.2. 9.3.3. 9.3.4.
By Type of Carriage By Type of Machinery By
Elevator Door Type By End-User
10. Indonesia Elevator Market, By Number of Units
10.1. 10.2. 10.3. 10.4. 10.5. 10.6.
By Type of Carriage By Service By Type of
Machinery By Elevator Door Type By End-User By
Region
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11. Indonesia Average Selling Price for Each
Elevator Unit (2021)
11.1. 11.2. 11.3. 11.4. 11.5.
By Type of Carriage By Service By Type of
Machinery By Elevator Door Type By End-User
11.6. By Region 12. Market Dynamics
12.1. 12.2.
Drivers Challenges

1. Market Trends and Developments
2. Impact of Capital Relocation on Indonesia
   Elevator Market
3. Policy and Regulatory Landscape
4. Supply Chain Analysis
5. Indonesia Economic Profile
6. Company Profiles

18.1. 18.2. 18.3.
PT. KONE Indo Elevator PT. Hyundai Elevator
Indonesia PT. Citas Otis Elevator
18.4. 18.5. 18.6. 18.7.
PT. Fujitec Indonesia PT. Mitsubishi Jaya
Elevator and Escalator PT. Hitachi Asia
Indonesia P.T. Berca Schindler Lifts
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• PT. TKE Elevator Indonesia
• PT FUJITA INDONESIA
• PT. Canny Elevator Indonesia
• Strategic Recommendations
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