Elevator and Escalator Market in Thailand 2025-2029

Description

List of Tables

The elevator and escalator market in thailand is forecasted to grow by USD 262.5 mn during 2024-2029, accelerating at a CAGR of 6.4% during the forecast period. The report on the elevator and escalator market in thailand provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing elderly population, expansion of commercial spaces, and expansion of public infrastructure.

Technavio's elevator and escalator market in thailand is segmented as below:

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	6%
CAGR	6.4%
Incremental Value	$262.5 mn

By Product

Elevators
Escalators

By Application

Commercial
Residential
Industrial

By Geographical Landscape

APAC

This study identifies the introduction of smart elevators as one of the prime reasons driving the elevator and escalator market in thailand growth during the next few years. Also, elevator maintenance using iot platforms and strategic partnerships among vendors for advancements will lead to sizable demand in the market.

The report on the elevator and escalator market in thailand covers the following areas:

Elevator And Escalator Market in Thailand sizing
Elevator And Escalator Market in Thailand forecast
Elevator And Escalator Market in Thailand industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in thailand vendors that include Aritco Lift AB, Cibes Lift Group AB, Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Nachaleeti Engineering Co Ltd, Nibav Lifts Pvt Ltd, Orona S. Coop., Otis Worldwide Corp., Pneumatic Vacuum Elevators LLC, Schindler Holding Ltd., SWIFT Home Lifts Sweden AB, Thai ji Co Ltd., TK Elevator GmbH, and Toshiba Corp.. Also, the elevator and escalator market in thailand analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR80416

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Thailand - Market size and forecast 2024-2029 ($ million)
- Data Table on Thailand - Market size and forecast 2024-2029 ($ million)
- Chart on Thailand: Year-over-year growth 2024-2029 (%)
- Data Table on Thailand: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Elevator And Escalator Market in Thailand 2019 - 2023
- Historic Market Size - Data Table on Elevator And Escalator Market in Thailand 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on the Elevator and Escalator Market in Thailand

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Product

8.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
8.3 Elevators - Market size and forecast 2024-2029
- Chart on Elevators - Market size and forecast 2024-2029 ($ million)
- Data Table on Elevators - Market size and forecast 2024-2029 ($ million)
- Chart on Elevators - Year-over-year growth 2024-2029 (%)
- Data Table on Elevators - Year-over-year growth 2024-2029 (%)
8.4 Escalators - Market size and forecast 2024-2029
- Chart on Escalators - Market size and forecast 2024-2029 ($ million)
- Data Table on Escalators - Market size and forecast 2024-2029 ($ million)
- Chart on Escalators - Year-over-year growth 2024-2029 (%)
- Data Table on Escalators - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

9 Market Segmentation by Application

9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
9.3 Commercial - Market size and forecast 2024-2029
- Chart on Commercial - Market size and forecast 2024-2029 ($ million)
- Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
- Chart on Commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial - Year-over-year growth 2024-2029 (%)
9.4 Residential - Market size and forecast 2024-2029
- Chart on Residential - Market size and forecast 2024-2029 ($ million)
- Data Table on Residential - Market size and forecast 2024-2029 ($ million)
- Chart on Residential - Year-over-year growth 2024-2029 (%)
- Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.5 Industrial - Market size and forecast 2024-2029
- Chart on Industrial - Market size and forecast 2024-2029 ($ million)
- Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
- Chart on Industrial - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Drivers, Challenges, and Opportunity/Restraints

11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints

12 Competitive Landscape

12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business

13 Competitive Analysis

13.1 Companies profiled
- Companies covered
13.2 Company ranking index
- Company ranking index
13.3 Market positioning of companies
- Matrix on companies position and classification
13.4 Aritco Lift AB
- Aritco Lift AB - Overview
- Aritco Lift AB - Product / Service
- Aritco Lift AB - Key offerings
- SWOT
13.5 Cibes Lift Group AB
- Cibes Lift Group AB - Overview
- Cibes Lift Group AB - Product / Service
- Cibes Lift Group AB - Key offerings
- SWOT
13.6 Fujitec Co. Ltd.
- Fujitec Co. Ltd. - Overview
- Fujitec Co. Ltd. - Business segments
- Fujitec Co. Ltd. - Key news
- Fujitec Co. Ltd. - Key offerings
- Fujitec Co. Ltd. - Segment focus
- SWOT
13.7 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
13.8 Hyundai Elevator Co. Ltd.
- Hyundai Elevator Co. Ltd. - Overview
- Hyundai Elevator Co. Ltd. - Product / Service
- Hyundai Elevator Co. Ltd. - Key news
- Hyundai Elevator Co. Ltd. - Key offerings
- SWOT
13.9 KONE Corp.
- KONE Corp. - Overview
- KONE Corp. - Product / Service
- KONE Corp. - Key news
- KONE Corp. - Key offerings
- SWOT
13.10 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
- SWOT
13.11 Nibav Lifts Pvt Ltd
- Nibav Lifts Pvt Ltd - Overview
- Nibav Lifts Pvt Ltd - Product / Service
- Nibav Lifts Pvt Ltd - Key offerings
- SWOT
13.12 Orona S. Coop.
- Orona S. Coop. - Overview
- Orona S. Coop. - Product / Service
- Orona S. Coop. - Key offerings
- SWOT
13.13 Otis Worldwide Corp.
- Otis Worldwide Corp. - Overview
- Otis Worldwide Corp. - Business segments
- Otis Worldwide Corp. - Key offerings
- Otis Worldwide Corp. - Segment focus
- SWOT
13.14 Pneumatic Vacuum Elevators LLC
- Pneumatic Vacuum Elevators LLC - Overview
- Pneumatic Vacuum Elevators LLC - Product / Service
- Pneumatic Vacuum Elevators LLC - Key offerings
- SWOT
13.15 Schindler Holding Ltd.
- Schindler Holding Ltd. - Overview
- Schindler Holding Ltd. - Product / Service
- Schindler Holding Ltd. - Key offerings
- SWOT
13.16 Thai ji Co Ltd.
- Thai ji Co Ltd. - Overview
- Thai ji Co Ltd. - Product / Service
- Thai ji Co Ltd. - Key offerings
- SWOT
13.17 TK Elevator GmbH
- TK Elevator GmbH - Overview
- TK Elevator GmbH - Product / Service
- TK Elevator GmbH - Key offerings
- SWOT
13.18 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus
- SWOT

14 Appendix

14.1 Scope of the report
14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
14.3 Currency conversion rates for US$
- Currency conversion rates for US$
14.4 Research methodology
- Research methodology
14.5 Data procurement
- Information sources
14.6 Data validation
- Data validation
14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
14.8 Data synthesis
- Data synthesis
14.9 360 degree market analysis
- 360 degree market analysis
14.10 List of abbreviations
- List of abbreviations