Vietnam Elevator Market Overview:

Vietnam Elevator market is projected to reach 62379 Units by 2028 from 46440 units in 2021, at a CAGR of 3.72% during the forecast period.

An elevator also called a lift is a hydraulic cylinder-assisted, cable-assisted, or roller-track-assisted machine that moves in a vertical shaft that helps to carry people or bulk of goods between the levels, floors, or decks of a multi-storey building.  They are typically operated by electric motors which drive the counterweight systems such as hoist and traction cables. There are various types of elevators which include geared or gearless traction elevators, hydraulic elevators, machine-room-less (MRL) elevators, and vacuum (air-driven) home elevators. The history of the elevators starts several years before Christ. The first elevators in Vietnam were designed by a French architect in the year 1929 and were installed in the 99 doors of the richest Hua family. The elevators are used as the backbone of high-rise buildings. It provides a gentle and comfortable experience for people while transporting between the floor.

In addition, escalator and moving walkway is also used for the transport the people between the floors of the building. The escalator is the moving staircase that vertically transports people. The various types of escalators are used to carry a large number of people at a time. The types include parallel escalators, spiral parallel escalators, multiple parallel escalators, crisscross escalators, curved escalators, step-type, escalators, and wheelchair-accessible escalators. The components required for the manufacturing of the escalators consist of a landing platform, truss, balustrade, handrail, skirt panel, balustrade panel, tracks, and steps. In the escalator design, safety is the major concern like elevator design. Moreover, the moving walkway is also carrying people horizontally. There are several types of moving walkways such as belt-type moving walkways, pallet-type moving walkways, glide path glide walk moving walkways and high-speed moving walkways.

Market Dynamics And Factors For Vietnam Elevator Market

Driver:

Sustainable Construction Practices To Drive Demand

With the highest recent revenue growth rate in the Asia Pacific region, Vietnam's construction sector has been performing the best. The construction industry, one of the main employers in Vietnam and a crucial pillar of the country's economy, contributed an increasing amount to the GDP. At the same time, it has been one of the sectors that have garnered the most FDI throughout recent years. Despite the COVID-19 epidemic, it is anticipated that this industry would keep expanding along with Vietnam's brisk economic growth.

Vietnam's developing economy, growing population, and hasty urbanization have elevated pressure on Vietnam's natural resources. The country's huge coastline makes it sensitive to the effects of climate change and rising sea levels. According to the Ministry of Construction (MoC), housing demand in Vietnam will increase by 70 million m2 per year, equivalent to 17,500 30-storey buildings by 2030. However, Vietnam will only register until the end of 2021 more than 200 units. build projects. All types of buildings, including commercial, institutional and residential, use a significant percentage of a country's resources during their lifetime. In Vietnam, buildings use 17% of the country's freshwater, a quarter of timber production, 30 to 40% of energy production, and half of the raw materials. Sustainable construction is a valuable solution to gradually cascading the harmful effects of human activities on the environment. Buildings identified as green are very efficient in using energy and materials, limiting their harm to public health and the ecosystem. These buildings are made to last a long time, requiring environmentally friendly materials that are characterized as non-toxic, recyclable, efficient, energy efficient, long-lived, or low-polluting environmental contamination.

According to VGBC, consumer and market demand is the main driver of green buildings in Vietnam. The growth of this sector is well accomplished by the rise of the business environment and the demand for urban and semi-urban offices and housing. Vietnam's real estate industry has recently experienced strong growth with high demand for offices and residences, which is expected to have a positive impact on the market during the forecast period.

Restraint:

Growing Maintenance Costs Result In Customers Being Overcharged

Equipment failures can be avoided with proper maintenance and preventive checks. Regular maintenance increases productivity by avoiding downtime and shows a 15% reduction in energy consumption. Long wait times and frequent breakdowns are frustrating and even a sign of wear and tear. High power consumption, overheating and low power factor are rare problems, but they come with potential costs. Common elevator problems such as the worn pulley, contaminated oil, and lubrication, bearing failure, motor bearing misalignment, contaminated oil and lubricant, and power failure. Some common problems may include elevators not working, call boxes not working, bumpy or jerky movements, stuck equipment, and strange noises. Owners may even notice high power consumption, increased downtime, and sluggish operation. Lack of maintenance can increase the frequency of elevator problems and system failures such as noise, door jams, and machine delays.

According to Vietnam Elevator Magazine, every year 40,000 elevators are inspected, and more than 130 organizations are allowed to inspect with several inspectors about 1,000 people. The criteria and back-testing times are pretty lackluster. Not to mention the maintenance and maintenance of the elevator is not guaranteed on time according to the issued standards, there is no standard on labor. At this time, the Vietnam Elevator Association plays a huge role in advising on the development of the necessary standards to ensure the safety of consumers. In addition, the Vietnam Elevator Trade Promotion Association connects at home and abroad for Vietnamese elevator companies to participate in the global supply chain. In conclusion, rising maintenance costs and temporary barriers have affected the growth of the Vietnam elevator market during the forecast period.

Opportunity:

Smart Elevators

The Vietnam Elevators Market has a strong development opportunity due to the integration of IoT in elevators and escalators. The Internet of Things enables a product to collect, exchange, and analyze data with its operators, manufacturers, and other devices vital to the elevator industry. Modern escalators and lifts may also be controlled by a smartphone app thanks to IoT. By reducing waiting times, networked sensors in elevators and escalators can also boost elevator utilization. For instance, IoT is an interconnected network across the globe with various hardware and software devices. IoT in the elevator industry enables predictive elevator maintenance. Smart elevators from companies like Otis and Schindler can detect and predict any problems. The smart elevator's remote diagnostics and troubleshooting capabilities save a lot of time and money. However, emerging economies in Asia-Pacific are taking an alternative and investing heavily in the construction of new integrated cities, often referred to as “smart cities”. These smart cities aim to be more human-centric and provide sustainable infrastructure to improve liveability.

Segmentation Analysis of Vietnam Elevator Market

By Type, The Elevator (Vertical) segment is expected to have the highest share of the Vietnam Elevator Market in the forecast period. An elevator, generally known as a lift, is a machine that travels vertically across a building's floors to transport people or cargo. The majority of contemporary elevators are moved by electric motors through a network of cables and sheaves with the help of a counterweight (pulleys). The Escalator segment is expected to have the second highest share of the Vietnam Elevator Market. An escalator is a type of motorized movable staircase that is popular in very crowded places or where a regular staircase would be very long and tiring to climb. The main types of escalators are parallel escalators, spiral parallel escalators, parallel multiples of two or more escalators, diagonal cross escalators, curved escalators, step escalators, and wheelchair escalators. The Moving Walkways segment, A moving walkway that moves people horizontally from one end of the walkway to the other is referred to as a moving walkway (also called a travellator and even an auto walk). They are propelled by motors, which are frequently common drive methods for escalators.

By Application, The Residential segment is expected to have the highest share of the Vietnam Elevator Market in the forecast period. Residential elevators are also classified according to the technology that is used to move them, just like any other elevator system. These include traction elevators, hydraulic elevators, and elevators with less machine room.  Rapid urbanization leads to an increase in the number of low- and high-rise buildings, large retail stores, and other structures. The Commercial segment is expected to have the second highest share of the Vietnam Elevator Market. Commercial segments include commercial buildings, shopping complexes, hotels, restaurants, mixed-use properties, and hospitals. The demand for the commercial segment is largely driven by the increasing construction in the commercial sector, specifically in offices. The Institutional Segment, Elevators and lifts are frequently the most practical alternative for providing access to multi-story buildings for people with special needs. It connects the building to another that has special access for individuals with disabilities. The infrastructure segment, Elevators and escalators are simple to integrate into existing building infrastructure, and this space-saving solution provides people with a convenient and safe mode of transit.

COVID-19 Impact Analysis on Vietnam Elevator Market

The prevalence of the covid-19 has severely affected several businesses in Vietnam including the elevator industry. The government of Vietnam imposed a lockdown in the overall country which created a financial crisis in the country. Also, the outbreaks of the virus cause majorly disturb the supply chain and thereby suddenly halted the manufacturing activity of the elevators or escalators. The manufacturers of elevators & escalators and the overall construction industry are faced with many challenges such as cash flow constraints, and the unavailability of workers. Moreover, owing to the strict government lockdown and implementation of social distancing across the country, the construction industries experienced problems like the unavailability of workers and lack of construction materials, resulting in delays of several projects in Vietnam and slowing down the growth of the construction industry.

After the outbreaks of the covid-19 ended, the key players emphasized the rapid expansion of their businesses because the nature of the demand of the construction industry drastically changed. Thus, increase in the demand for elevators and engineers are starting to quickly develop advanced solutions that assist builders to prepare for the safe reopening and maintenance of their buildings, which contains touchless elevator technologies, purification products, and traffic-flow analysis and solutions that support social distancing and helps to avoid infection and this can increase the sale the elevator company in the forthcoming year.

Top Key Players Covered In Vietnam Elevator Market

  • SCHINDLER (SWITZERLAND)
  • OTIS ELEVATOR COMPANY
  • THYSSENKRUPP AG
  • KONE CORPORATION
  • HITACHI LTD.
  • FUJITEC CO., LTD
  • HYUNDAIELEVATOR CO., LTD.,
  • ELECTRA ELEVATORS
  • MITSUBISHI ELECTRIC CORPORATION
  • ELEVATOR WORLD, LLC
  • TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION
  • EITA ELEVATOR (M) SDN. BHD.
  • ORONA
  • OTHER MAJOR PLAYERS

Key Industry Developments In The Vietnam Elevator Market

In September 2022, Hitachi Develops a Touchless Operating Panel Establishing an Elevator Without Physical Floor Buttons that Allows Users to Experience a Completely New Sensation.

In July 2021, the KONE company secured an order to install 77 KONE elevators and escalators for Changsha Shengtong Meixi International in Hunan, China.

Vietnam Elevator Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

46440 Units

Forecast Period 2022-28 CAGR:

3.72%

Market Size in 2028:

62379 Units

Segments Covered:

By Type

  • Elevator (Vertical)
  • Escalator
  • Moving Walkway

By Application

  • Residential
  • Commercial
  • Institutional
  • Infrastructure
  • Others

Key Market Drivers:

  • Sustainable Construction Practices To Drive Demand

Key Market Restraints:

  • Growing Maintenance Costs Result In Customers Being Overcharged

Key Opportunities:

  • Smart Elevators

Companies Covered in the report:

  • Schindler (Switzerland), Otis Elevator Company, Thyssenkrupp Ag, Kone Corporation, and Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Vietnam Elevator Market by Type
 5.1 Vietnam Elevator Market Overview Snapshot and Growth Engine
 5.2 Vietnam Elevator Market Overview
 5.3 Elevator (Vertical)
  5.3.1 Introduction and Market Overview
  5.3.2 Key Market Trends, Growth Factors and Opportunities
  5.3.3 Impact of Covid-19
  5.3.4 Historic and Forecasted Market Size (2016-2028F)
  5.3.5 Key Market Trends, Growth Factors and Opportunities
  5.3.6 Elevator (Vertical): Geographic Segmentation
 5.4 Escalator
  5.4.1 Introduction and Market Overview
  5.4.2 Key Market Trends, Growth Factors and Opportunities
  5.4.3 Impact of Covid-19
  5.4.4 Historic and Forecasted Market Size (2016-2028F)
  5.4.5 Key Market Trends, Growth Factors and Opportunities
  5.4.6 Escalator: Geographic Segmentation
 5.5 Moving Walkways
  5.5.1 Introduction and Market Overview
  5.5.2 Key Market Trends, Growth Factors and Opportunities
  5.5.3 Impact of Covid-19
  5.5.4 Historic and Forecasted Market Size (2016-2028F)
  5.5.5 Key Market Trends, Growth Factors and Opportunities
  5.5.6 Moving Walkways: Geographic Segmentation

Chapter 6: Vietnam Elevator Market by Application
 6.1 Vietnam Elevator Market Overview Snapshot and Growth Engine
 6.2 Vietnam Elevator Market Overview
 6.3 Residential
  6.3.1 Introduction and Market Overview
  6.3.2 Key Market Trends, Growth Factors and Opportunities
  6.3.3 Impact of Covid-19
  6.3.4 Historic and Forecasted Market Size (2016-2028F)
  6.3.5 Key Market Trends, Growth Factors and Opportunities
  6.3.6 Residential: Geographic Segmentation
 6.4 Commercial
  6.4.1 Introduction and Market Overview
  6.4.2 Key Market Trends, Growth Factors and Opportunities
  6.4.3 Impact of Covid-19
  6.4.4 Historic and Forecasted Market Size (2016-2028F)
  6.4.5 Key Market Trends, Growth Factors and Opportunities
  6.4.6 Commercial: Geographic Segmentation
 6.5 Institutional
  6.5.1 Introduction and Market Overview
  6.5.2 Key Market Trends, Growth Factors and Opportunities
  6.5.3 Impact of Covid-19
  6.5.4 Historic and Forecasted Market Size (2016-2028F)
  6.5.5 Key Market Trends, Growth Factors and Opportunities
  6.5.6 Institutional: Geographic Segmentation
 6.6 Infrastructure
  6.6.1 Introduction and Market Overview
  6.6.2 Key Market Trends, Growth Factors and Opportunities
  6.6.3 Impact of Covid-19
  6.6.4 Historic and Forecasted Market Size (2016-2028F)
  6.6.5 Key Market Trends, Growth Factors and Opportunities
  6.6.6 Infrastructure: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Key Market Trends, Growth Factors and Opportunities
  6.7.3 Impact of Covid-19
  6.7.4 Historic and Forecasted Market Size (2016-2028F)
  6.7.5 Key Market Trends, Growth Factors and Opportunities
  6.7.6 Others: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Vietnam Elevator Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Vietnam Elevator Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Vietnam Elevator Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 SCHINDLER (SWITZERLAND)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 OTIS ELEVATOR COMPANY
 7.4 THYSSENKRUPP AG
 7.5 KONE CORPORATION
 7.6 HITACHI LTD.
 7.7 FUJITEC CO.
 7.8 LTD
 7.9 HYUNDAIELEVATOR CO.
 7.10 LTD.
 7.11
 7.12 ELECTRA ELEVATORS
 7.13 MITSUBISHI ELECTRIC CORPORATION
 7.14 ELEVATOR WORLD
 7.15 LLC
 7.16 TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION
 7.17 EITA ELEVATOR (M) SDN. BHD.
 7.18 ORONA
 7.19 OTHER MAJOR PLAYERS

Chapter 8 Investment Analysis

Chapter 9 Analyst Viewpoint and Conclusion

Vietnam Elevator Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

46440 Units

Forecast Period 2022-28 CAGR:

3.72%

Market Size in 2028:

62379 Units

Segments Covered:

By Type

  • Elevator (Vertical)
  • Escalator
  • Moving Walkway

By Application

  • Residential
  • Commercial
  • Institutional
  • Infrastructure
  • Others

Key Market Drivers:

  • Sustainable Construction Practices To Drive Demand

Key Market Restraints:

  • Growing Maintenance Costs Result In Customers Being Overcharged

Key Opportunities:

  • Smart Elevators

Companies Covered in the report:

  • Schindler (Switzerland), Otis Elevator Company, Thyssenkrupp Ag, Kone Corporation, and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. VIETNAM ELEVATOR MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. VIETNAM ELEVATOR MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. VIETNAM ELEVATOR MARKET COMPETITIVE RIVALRY
TABLE 005. VIETNAM ELEVATOR MARKET THREAT OF NEW ENTRANTS
TABLE 006. VIETNAM ELEVATOR MARKET THREAT OF SUBSTITUTES
TABLE 007. VIETNAM ELEVATOR MARKET BY TYPE
TABLE 008. ELEVATOR (VERTICAL) MARKET OVERVIEW (2016-2028)
TABLE 009. ESCALATOR MARKET OVERVIEW (2016-2028)
TABLE 010. MOVING WALKWAYS MARKET OVERVIEW (2016-2028)
TABLE 011. VIETNAM ELEVATOR MARKET BY APPLICATION
TABLE 012. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. INSTITUTIONAL MARKET OVERVIEW (2016-2028)
TABLE 015. INFRASTRUCTURE MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. VIETNAM ELEVATOR MARKET, BY TYPE (2016-2028)
TABLE 018. VIETNAM ELEVATOR MARKET, BY APPLICATION (2016-2028)
TABLE 019. VIETNAM ELEVATOR MARKET, BY COUNTRY (2016-2028)
TABLE 020. SCHINDLER (SWITZERLAND): SNAPSHOT
TABLE 021. SCHINDLER (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 022. SCHINDLER (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 023. SCHINDLER (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 023. OTIS ELEVATOR COMPANY: SNAPSHOT
TABLE 024. OTIS ELEVATOR COMPANY: BUSINESS PERFORMANCE
TABLE 025. OTIS ELEVATOR COMPANY: PRODUCT PORTFOLIO
TABLE 026. OTIS ELEVATOR COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 026. THYSSENKRUPP AG: SNAPSHOT
TABLE 027. THYSSENKRUPP AG: BUSINESS PERFORMANCE
TABLE 028. THYSSENKRUPP AG: PRODUCT PORTFOLIO
TABLE 029. THYSSENKRUPP AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 029. KONE CORPORATION: SNAPSHOT
TABLE 030. KONE CORPORATION: BUSINESS PERFORMANCE
TABLE 031. KONE CORPORATION: PRODUCT PORTFOLIO
TABLE 032. KONE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. HITACHI LTD.: SNAPSHOT
TABLE 033. HITACHI LTD.: BUSINESS PERFORMANCE
TABLE 034. HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 035. HITACHI LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. FUJITEC CO.: SNAPSHOT
TABLE 036. FUJITEC CO.: BUSINESS PERFORMANCE
TABLE 037. FUJITEC CO.: PRODUCT PORTFOLIO
TABLE 038. FUJITEC CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. LTD: SNAPSHOT
TABLE 039. LTD: BUSINESS PERFORMANCE
TABLE 040. LTD: PRODUCT PORTFOLIO
TABLE 041. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. HYUNDAIELEVATOR CO.: SNAPSHOT
TABLE 042. HYUNDAIELEVATOR CO.: BUSINESS PERFORMANCE
TABLE 043. HYUNDAIELEVATOR CO.: PRODUCT PORTFOLIO
TABLE 044. HYUNDAIELEVATOR CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. LTD.: SNAPSHOT
TABLE 045. LTD.: BUSINESS PERFORMANCE
TABLE 046. LTD.: PRODUCT PORTFOLIO
TABLE 047. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. : SNAPSHOT
TABLE 048. : BUSINESS PERFORMANCE
TABLE 049. : PRODUCT PORTFOLIO
TABLE 050. : KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ELECTRA ELEVATORS: SNAPSHOT
TABLE 051. ELECTRA ELEVATORS: BUSINESS PERFORMANCE
TABLE 052. ELECTRA ELEVATORS: PRODUCT PORTFOLIO
TABLE 053. ELECTRA ELEVATORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. MITSUBISHI ELECTRIC CORPORATION: SNAPSHOT
TABLE 054. MITSUBISHI ELECTRIC CORPORATION: BUSINESS PERFORMANCE
TABLE 055. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 056. MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ELEVATOR WORLD: SNAPSHOT
TABLE 057. ELEVATOR WORLD: BUSINESS PERFORMANCE
TABLE 058. ELEVATOR WORLD: PRODUCT PORTFOLIO
TABLE 059. ELEVATOR WORLD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. LLC: SNAPSHOT
TABLE 060. LLC: BUSINESS PERFORMANCE
TABLE 061. LLC: PRODUCT PORTFOLIO
TABLE 062. LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION: SNAPSHOT
TABLE 063. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION: BUSINESS PERFORMANCE
TABLE 064. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION: PRODUCT PORTFOLIO
TABLE 065. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. EITA ELEVATOR (M) SDN. BHD.: SNAPSHOT
TABLE 066. EITA ELEVATOR (M) SDN. BHD.: BUSINESS PERFORMANCE
TABLE 067. EITA ELEVATOR (M) SDN. BHD.: PRODUCT PORTFOLIO
TABLE 068. EITA ELEVATOR (M) SDN. BHD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. ORONA: SNAPSHOT
TABLE 069. ORONA: BUSINESS PERFORMANCE
TABLE 070. ORONA: PRODUCT PORTFOLIO
TABLE 071. ORONA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 072. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 073. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 074. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. VIETNAM ELEVATOR MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. VIETNAM ELEVATOR MARKET OVERVIEW BY TYPE
FIGURE 012. ELEVATOR (VERTICAL) MARKET OVERVIEW (2016-2028)
FIGURE 013. ESCALATOR MARKET OVERVIEW (2016-2028)
FIGURE 014. MOVING WALKWAYS MARKET OVERVIEW (2016-2028)
FIGURE 015. VIETNAM ELEVATOR MARKET OVERVIEW BY APPLICATION
FIGURE 016. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. INSTITUTIONAL MARKET OVERVIEW (2016-2028)
FIGURE 019. INFRASTRUCTURE MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. VIETNAM ELEVATOR MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Vietnam Elevator Market research report?

The forecast period in the Vietnam Elevator Market research report is 2022-2028.

Who are the key players in Vietnam Elevator Market?

SCHINDLER (SWITZERLAND), OTIS ELEVATOR COMPANY, THYSSENKRUPP AG, KONE CORPORATION, HITACHI LTD., FUJITEC CO., LTD, HYUNDAIELEVATOR CO., LTD.,, ELECTRA ELEVATORS, MITSUBISHI ELECTRIC CORPORATION, ELEVATOR WORLD, LLC, TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION, EITA ELEVATOR (M) SDN. BHD., ORONA, OTHER MAJOR PLAYERS

What are the segments of the Vietnam Elevator Market?

The Vietnam Elevator Market is segmented into Type, Application, and region. By Type, the market is categorized into Elevator (Vertical), Escalator, Moving Walkways. By Application, the market is categorized into Residential, Commercial, Institutional, Infrastructure, Others

What is the Vietnam Elevator Market?

An elevator also called a lift is a hydraulic cylinder-assisted, cable-assisted, or roller-track-assisted machine that moves in a vertical shaft that helps to carry people or bulk of goods between the levels, floors, or decks of a multi-storey building.  They are typically operated by electric motors which drive the counterweight systems such as hoist and traction cables. There are various types of elevators which include geared or gearless traction elevators, hydraulic elevators, machine-room-less (MRL) elevators, and vacuum (air-driven) home elevators.

How big is the Vietnam Elevator Market?

Vietnam Elevator Market is projected to reach 62379 Units by 2028 from 46440 units in 2021, at a CAGR of 3.72% during the forecast period.