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Report
Indonesia Elevators and Escalators - Market Size & Forecast 2023-2029
Market Report I 2023-09-22 I 116 Pages I Arizton Advisory & Intelligence
The Indonesia elevator and escalator market is expected to grow at a CAGR of 3.96% from 2022-2029.
KEY HIGHLIGHTS
- Nusantara, Indonesia's new capital, spanning over a 6.6-hectare government zone, will house 184 residential building towers, which is yet to begin in Q2 2023. These residential buildings will accommodate ministries, the State Palace, the House of Representatives, and housing for some 50,000 civil servants and 500,000 residents. The project relies on around 80% of private investment, with an investment of USD 32 billion.
- The government offers companies tax relief for 30 years and a 350% super-tax deduction for expenditure on research and development if companies tend to invest in the planned new capital city.
- Lido City, located around 60 km from the present capital, will span over an area of 30 sq. km and be a tourism special economic zone. MNC is developing this project with an investment of USD 2 billion will comprise the construction of a movie production complex, a golf course, a hotel, a resort, and a music and arts center. Such development will support the Indonesia elevator and escalator market growth. This development was signed off in June 2021 to draw the attention of local and international tourists and engage six-seven million visitors annually in the next five years.
SEGMENTATION ANALYSIS
Elevator Market Segmentation by
Machine Type
- Hydraulic and Pneumatic
- Machine Room Traction
- Machine Room Less Traction
- Others
o Climbing
o Elevators
o Industrial Elevators
Carriage Type
- Passenger
- Freight
Capacity
- 2-15 Persons
- 16-24 Persons
- 25-33 Persons
- 34 Persons and Above
End-User
- Commercial
- Residential
- Industrial
- Others
o Public Transit
o Institutional
o Infrastructural
Escalator Market Segmentation by
Product Type
- Parallel
- Multi Parallel
- Walkway
- Crisscross
End-User
- Public Transit
- Commercial
- Others
o Institutional Sector
o Infrastructure
o Industrial
Government Focuses on Increasing Foreign Property Investment in Indonesia to Boost Demand for the Installation of Elevators
- As of 2022, Indonesia had plans to introduce a long-term residency visa program to attract foreign investors, especially those interested in capital and property investment, including individuals from mainland China and Hong Kong. This initiative aims to encourage foreign capital inflow and boost the property industry in the country, positioning Indonesia as an attractive destination for foreign investors.
- Currently, only 1% of Indonesia's annual new homes meet the criteria for green housing. The government has taken some steps towards promoting green construction by mandating green certification for multi-story commercial and residential buildings that meet specific standards. However, landed houses, which constitute 88% of the government's Public-Private Partnership Socialized Housing (PSR) program, are exempt from the green building requirements set forth by the Green Building Certification program launched in 2021.
Government Efforts to Expand Infrastructure Across the Nation to Increase Demand for New Installations
- In 2022, local and provincial governments allocated approximately IDR95 trillion (~$6.3 billion), equivalent to about 10% of their budget, for capital expenditures. This investment aims to enhance and develop local infrastructures, driving the transformation of at least 100 cities in Indonesia into Smart Cities by 2045.
- Indonesia's National Medium Term Development Plan 2020-2024 accelerates the development of downstream mining, oil, gas, and copper industries. Various industrial projects like Teluk Bintuni Industrial Zone and Batulicin Industrial Zone are underway. Thus, increased spending on these industries would drive demand for industrial elevators in Indonesia's elevator and escalator market.
VENDOR LANDSCAPE
- The key players in the Indonesia elevator and escalator market are KONE, Mitsubishi, TKE, Hitachi, Hyundai Elevator, OTIS, Fujitec, Schindler, CANNY, and KOHLER.
Key Vendors
- KONE
- Mitsubishi Electric
- TK Elevator
- Hitachi
- Hyundai Elevator
- Otis
- Fujitec
- Schindler
- KOHLER Elevator GmbH
- CANNY Elevator Co., Ltd.
Other Prominent Vendors
- Kunshan Hualong Elevator
- SJEC
- Analogue Holdings
- SUZHOU JIUDE ELECTRICAL AND MECHANICAL TECHNOLOGY
- SHENYANG YUANDA INTELLECTUAL INDUSTRY
- IFE Elevators
- Sigma Elevators
KEY QUESTIONS ANSWERED:
1. How big is the Indonesia elevator and escalator market?
2. What will be the growth rate of the Indonesia elevator and escalator market?
3. How many bases will be installed in the Indonesia elevator and escalator market in 2022?
4. What are the key opportunities in the Indonesia elevator and escalator market?
5. What are the key Indonesia elevator and escalator market players?
1. Introduction
1.1. Market Scope
1.2. Market Snapshot of Elevators
1.3. Market Snapshot of Escalators
1.4. Executive Summary
2. Indonesia Elevators Market
2.1. Future Outlook -Indonesia Elevator Market by Volume
2.2. Indonesia Escalators Market- By Segments
2.2.1. Indonesia Escalators Market, By Volume
2.2.1.1. Indonesia Escalators Market Size and Forecast, Volume (Units in Thousand), 2020-2029
2.2.2. Indonesia Elevators Market, By Type
2.2.2.1. Hydraulic and Pneumatic, Market Size and Forecast, Volume (Units),2020-2029
2.2.2.2. Machine Room Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.3. Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3. Indonesia Elevators & Escalators Market by Carriage Type
2.2.3.1. Passenger, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3.2. Freight, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4. Indonesia Elevators Market by Persons
2.2.4.1. 2-15 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.2. 16-24 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.3. 25-33 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.4. 34 Persons and Above, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5. Indonesia Elevators Market by End Users
2.2.5.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.2. Residential, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.3. Industrial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
3. Indonesia Escalators Market
3.1. Future Outlook - Indonesia Escalators Market by Volume
3.2. Indonesia Escalators Market- By Segments
3.2.1. Indonesia Escalators Market, By Volume
3.2.1.1. Indonesia Escalators Market Size and Forecast, Volume (Units), 2020-2029
3.2.2. Indonesia Escalator Market by Type
3.2.2.1. Parallel, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.2. Multi-parallel, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.3. Walkway, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.4. Crisscross, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3. Indonesia Escalator Market by End users
3.2.3.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.2. Public Transit, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.3. Others, Market Size and Forecast, Volume (Units), 2020-2029
4. Indonesia Elevators &Escalators Market, By service (Maintenance & Modernization)
5. Geographical Analysis
5.1. Key Economic countries in Indonesia
6. Market Dynamics
6.1. Market Drivers, Opportunities, Restraints, Trends
7. Technological Development
8. Competitive Landscape
8.1. Company Profile of major Vendors
8.2. Other Prominent vendors
9. Report Summary
9.1. List of Abbreviations
10. Appendix (Report Scope & Definition)
10.1. Research Methodology
10.2. Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
1. Indonesia Elevator & Escalator Installed Base by Volume 2020-2029 (Units)
2. Indonesia Elevator & Escalator New Installations by Volume 2020-2029 (Units)
3. Market Share 2022: Maintenance
4. Market Share 2022: Modernization
5. Indonesia Installed Base: Volume (Units in Thousands)
6. Indonesia New Installations: Volume (Units in Thousands)
7. Installed base of elevators by volume (units in thousands)
8. New Installations of elevators by volume (units in thousands)
9. Maintenance & Modernization Value($Million)
10. Maintenance & Modernization 2022(%)
11. Installed base of escalators by volume (units in thousand)
12. New Installations of escalators by volume (units in thousand)
13. Maintenance & Modernization Value($Million)
14. Maintenance & Modernization 2022(%)
15. Installed base and New installations of Elevators (Units)
16. New Installations of Elevators (Units)
17. Average Life Expectancy Of Elevator Components
18. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
19. Machine Room less Traction Elevators Installed base and New Installations (Units)
20. Machine Room Traction Elevators Installed base and New Installations (Units)
21. Others Machine Elevators Installed base and New Installation (Units)
22. Installed base and new installations of Passenger Elevators (Units)
23. Installed base and new installations of Freight Elevators (Units)
24. Installed base and new installations of 2-15 persons elevators (Units)
25. Installed base and new installations of 16-24 persons elevators (Units)
26. Installed base and new installations of 25-33 persons elevators (Units)
27. Installed base and new installations of 34 persons and above elevators (Units)
28. Installed base and new installations of Commercial Elevators (Units)
29. Installed base and new installations of Residential Elevators (Units)
30. Installed base and new installations of Industrial Elevators (Units)
31. Installed base and new installations of other end-user Elevators (units)
32. Installed base and new installations of escalators (Units)
33. New installations of escalators (Units)
34. Installed base and new installations of Parallel Escalators (Units)
35. Installed base and new installations of Multi parallel Escalators (Units)
36. Installed base and new installations of Moving Walkway Escalators (Units)
37. Installed base and new installations of Criss cross Escalators (units)
38. Installed base and new installations of Public Transit Escalators (Units)
39. Installed base and new installations of Commercial Escalators (Units)
40. Installed base and new installations of Other End user Escalators (units)
41. Indonesia Elevators & Escalators Maintenance Market ($ Bn)
42. Indonesia Elevators & Escalators Modernization Market ($ Bn)
43. Elevators and Escalators market: Geographic Analysis
44. Indonesia Green affordable housing program (IGAHP) Target
45. Market share 2020(% share)
46. KONE, total sales by segment 2022(%share)
47. Mitsubishi, total sales by segment2022(%share)
48. TKE total sales 2020-2022($billion)
49. Schindler, total sales 2017-2022($billion)
50. Hitachi Total Sales by Segment 2022(% Share)
51. Otis total sales 2020-2022($billion)
52. Fujitec net sales 2017-2022($billion)
LIST OF TABLES
1. Buildings greater than 150m+ in Countries
2. Buildings Under Construction in Indonesia
3. By Machine, New Installations, Total Incremental Opportunity, 2022-2029
4. By Carriage Type, New Installations, Total Incremental Opportunity, 2022-2029
5. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2022-2029
6. By End User, New Installations, Total Incremental Opportunity, 2022-2029
7. By Product, New Installations, Total Incremental Opportunity, 2022-2029
8. By End User, New Installations, Total Incremental Opportunity, 2022-2029
9. Geographic Analysis
10. Investment Realization in Q1 2023: Based on Sector
11. Tourists by Country in 2022
12. Average Room Occupancy of star hotels by Province
13. Urban population by class of Urban settlement in Indonesia
14. Percentage of Urban household by Province and ownership status of owned houses
15. Developments/ projects
16. Elevators market size & forecast, by type (Units)
17. Elevators by Carriage Type Market Size & Forecast (Units)
18. Elevators market size & forecast, by persons (Units)
19. Elevators by End-Users Market Size & Forecast (Units)
20. Escalators market size & forecast, by type (Units)
21. Escalators market size & forecast, by end users (Units)
22. List of abbreviations
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