Dublin, Jan. 04, 2023 (GLOBE NEWSWIRE) -- The "Malaysia Elevator and Escalator Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This study covers all elevator types, including machine room (MR)/machine room-less (MRL) passenger and service systems, and escalators.
Elevator and escalator market revenue in this study covers the new installation (NI) business segment and excludes the service business segment. The report analyzes the elevator and escalator market in 4 major Malaysian cities only, namely Kuala Lumpur, George Town, Johor Bahru, and Melaka. Elevator and escalator end use encompasses many building types, such as education, hospitality and leisure, healthcare, industrial, office, public buildings, retail, and transportation hubs.
The Malaysian elevator and escalator market revenue declined significantly in 2020 due to the pandemic. In 2021, it declined further by 1.2% due to delays in non-essential activities such as building construction. The publisher estimates the Malaysian elevator and escalator market to achieve a CAGR of 2.9% from 2022 to 2028.
Key market drivers include growth in the building base due to construction activity and improving awareness of productivity and time efficiency in multi-storied offices. The main restraints to the industry's growth are budget restrictions, financial pressure, and challenging political and socioeconomic conditions in Malaysia.
Overall, Malaysia is a net import country for elevator and escalator equipment. Major players in the Malaysian elevator and escalator market are Antah Schindler, Toshiba, and EITA.
Key growth opportunities in the Malaysian elevator and escalator market will focus on digital technology adoption, partnerships and customer focus, and innovative value propositions.
Key Topics Covered:
1. Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Elevator and Escalator Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Scope of Analysis
Definition of Terminologies
Definition of Geographic Locations
Overview of the Malaysian Construction Industry
Overview of the Malaysian Building Construction Market
Elevator and Escalator Trade Value
Revenue Forecast and Analysis
Revenue Forecast and Analysis by Product Segment
Unit Forecast and Analysis by Product Segment
Elevator Revenue and Unit Breakdown by NI Activities
Escalator Revenue and Unit Breakdown by NI Activities
Elevator and Escalator Sales Trends
Competitive Landscape Trends
Porter's 5 Forces
Supplier Capability Profile
Other Market Participants
3. Growth Opportunity Universe
Growth Opportunity 1: Digital Technology Adoption for Improved Safety and Security
Growth Opportunity 2: Partnerships and Customer Focus for Competitive Advantage
Growth Opportunity 3: Innovative Value Propositions for Differentiation and Better Customer Outreach
For more information about this report visit https://www.researchandmarkets.com/r/j9vkxs
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900