Malaysia Elevators & Escalators Market: Future Growth and Opportunities 2027

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Malaysia Elevators Escalators Market Forecast
Projected Growth and Opportunities 2027
The Malaysia elevators and escalators market, as
reported by TechSci Research, is projected to
experience a CAGR of 5.03, reaching USD 739.95
million by 2027. The strong growth in the
Malaysian construction industry has led to a
high demand for elevators and escalators in the
country. The infrastructure sector is
experiencing increased investments, resulting in
a higher rate of residential and commercial
projects, which are positively impacting the
construction industry. With the increase in the
vertical growth of skyscrapers that incorporate
shopping complexes, retail shops, and residential
apartments, the demand for elevators and
escalators in Malaysia is expected to increase
in the upcoming years. MIDA reports that Malaysia
has attracted USD 27.5 billion in approved
investments in the manufacturing, services, and
primary sectors in Q1 2022, which is likely to
positively impact the Malaysia Elevator and
Escalator Market.
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• Additionally, the development of smart cities,
  backed by increasing government investments, is
  expected to be a significant driving factor for
  the demand for elevators and escalators in the
  coming years.
• The Malaysia elevators and escalators market is
  segmented based on type, service, elevator
  technology, elevator door type, end-user, region,
  and company. The market is divided into
  elevator, escalator, and moving walkways under
  the type category, and modernization and
  maintenance repair and new installation under
  the service category. Under the elevator
  technology category, the market is segmented
  into traction, hydraulic, and machine room- less
  traction, with traction elevator technology
  dominating the market, accounting for a market
  share of 84.82 in 2021. The elevator door type
  category is classified into automatic and manual,
  while the end-user category is divided into
  residential, commercial, institutional,
  infrastructural, and others.
• The residential end-user segment is expected to
  exhibit a CAGR of 4.85 in value terms, reaching
  USD 365.50 million in the next five years, due to
  increased residential construction, major
  upcoming projects, and government initiatives
  such as the Green Technology Master Plan. The
  construction of many high-rise residential
  buildings and secretariats is expected to drive
  revenue growth in the elevators escalators
  market in the upcoming years.
• Browse over 39 market data Figures spread through
  106 Pages and an in-depth TOC on " Malaysia
  Elevators Escalators Market" -
  https//www.techsciresearch.com/report/malaysia-el
  evator-and-escalator- market/7209.html
• Key market players 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.
• Toshiba Elevator Malaysia
• Hyundai Elevator Malaysia Sdn Bhd.

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• Fujitec (Malaysia) Sdn Bhd
• MXC Elevator Sdn. Bhd.
• Download Sample Report
• Central region (West Malaysia) is the largest
  region in the Malaysia Elevators Escalators
  Market with a share of 34.81 in 2021 owing to
  increased investment in the construction sector
  and urbanization in Selangor and Kuala Lumpur.
  Modernization, industrialization, and
  urbanization, as well as rising demand for green
  elevators, are the primary drivers of growth in
  the for the Malaysia Elevators Escalators
  Market in the Central Region. Over the coming
  years, the elevators and escalators market in
  this region is expected to register strong
  growth, backed by increasing investment in
  infrastructure, which would require the
  installation of elevators in residential and
  commercial high-rise
• buildings. said Mr. Karan Chechi, Research
  Director with TechSci Research, a research based
  global management consulting firm.
• 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, has evaluated the future growth potential
  of Elevators Escalators market in Malaysia and
  provides statistics and information on market
  structure, size, share and future growth. The
  report is intended to provide cutting-edge
  market intelligence and help decision makers take
  sound investment decision. Besides, the report
  also identifies and analyzes the emerging trends
  along with essential drivers, challenges and
  opportunities present in Malaysia Elevators
  Escalators market.
• Download Sample Report - https//www.techsciresear
  ch.com/sample- report.aspx?cid7209
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