Rapid urbanization and infrastructure development in Vietnam have increased the construction of high-rise structures, necessitating elevators and escalators for effective transit. The Vietnam Elevator and Escalator Market was valued at USD 412 million in 2022 and is expected to reach USD 751.36 million by 2030. The expanding middle class and rising discretionary income have increased demand for luxurious residential and business structures, necessitating lifts and escalators.
2. VIETNAM ELEVATOR AND ESCALATOR MARKET ASSESSMENT,
OPPORTUNITIES AND FORECAST, 2017-2031F
3. RESEARCH METHODOLOGY
Review Period : 2017 -2031F || Base Year : 2023
Estimated Year: 2024 || Forecast Period: 2025 – 2031F
In-depth secondary research is conducted to determine the leading and
overall number of players in the Vietnam Elevator and Escalator Market to
determine the overall market size and segmental market size.
Market Profiling
In order to conduct research on qualitative aspects of Market Assessment,
Market Xcel has formulated a detailed discussion guide to conduct industry
experts’ interviews.
Formulating
Questionnaire
A list of key executives working with various industry players, industry
experts and Key Opinion Leaders (KOLs) was developed.
Developing List of
Respondents
Market Xcel conducted interviews with industry experts and KOLs for
market sizing related data collection and its verification.
Data Collection
Data obtained as a result of primary and secondary research was validated
through rigorous triangulation. During the process of interviews, insights
on market trends, future potential and impact of Government policies and
regulatory changes on the market has been captured.
Data Validation and
Qualitative Insights
The data has been analyzed and validated through our internal proprietary
database to obtain insights about the market. Forecast was run based on
tracking the key drivers of growth, growth projections of end-uses, study
of macroeconomic factors during the forecast period and other relevant
factors.
Data Analysis and
Forecast
Data Filter
& Analysis
Data
Collection
Research &
Intelligence
Actionable
Insights
Business
Recommendations
Primary Research Secondary Research Paid Sources
LinkedIn
Market Xcel Internal
Database
Profiling of Industry
Experts/KOLs
Company Websites
Company Annual Reports
Investor Presentations
White Paper Study
Financial Reports
Regulatory Body
Associations, etc.
Factiva
Hoovers
EMIS
MCA
Identifying Key Opinion
Leaders
Questionnaire Design
In-depth Interviews
Primary Research Desk Research Company Analysis
Tracking Recent Developments
Market Changing
Aspects/Dynamics
Government Policies
Macroeconomic Factors
Market Participants
Market Structure
Key Strengths and
Competencies
Data Filter
& Analysis
Data
Collection
4. 2017 2023 2024E 2031F
Vietnam Elevator and Escalator Market Size, By Value (USD Million)
1
CAGR 2024E-2031F
xx%
CAGR 2017-2023
xx%
4. VIETNAM ELEVATOR AND ESCALATOR MARKET– EXECUTIVE SUMMARY (2017-2031F)
VIETNAM ELEVATOR AND ESCALATOR MARKET TO GROW AT A CAGROF XX% DURING 2017-
2031F , IN VALUE
Market Size : USD XX
Million
Largest Growing
Region : XX
Fastest Growing
Region : XX
Base Year: 2023
5. Type A Dominates Vietnam Elevator and Escalator Market, By Value, 2023
5
EXECUTIVE SUMMARY – VIETNAM ELEVATOR AND ESCALATOR MARKET
Type A
Type B
Type C
VIETNAM ELEVATOR AND ESCALATOR MARKET SHARE, BY TYPE, BY VALUE, 2023
Working Mechanism A Dominates Vietnam Elevator and Escalator Market, By
Value, 2023
Working Mechanism A
Working Mechanism B
Working Mechanism C
VIETNAM ELEVATOR AND ESCALATOR MARKET SHARE, BY WORKING MECHANISM,
BY VALUE, 2023
6. 6.1.1. VIETNAM ELEVATOR AND ESCALATOR MARKET SIZE & FORECAST – BY VALUE
Vietnam Elevator and Escalator Market showed value growth in 2023. However, in year XXXX there was decline due to following reason:
• XXXX
• XXXX
• XXXX
2017 2018 2019 2020 2021 2022 2023B 2024E 2025F 2026F 2027F 2028F 2029F 2030F 2031F
Figure XX: Vietnam Elevator and Escalator Market, By Value, In USD Million, 2017-2031F
8. 13.1.1. SCHINDLER VIETNAM LTD. – COMPANY DETAILS
ANNOUNCEMENTS
OVERVIEW
Industry: Construction & Infrastructure
Founded Year:19xx
Revenue (2023) : XXXX
Headquarter: Ho Chi Minh City, Vietnam.
Employees: XX
https://www.schindler.vn/en.html
2017 2018 2019 2020 2021 2022 2023
Company, Revenue 2017 –2023 In USD Million
Schindler Vietnam Limited is a leading elevator and
escalator company in Vietnam. It was one of the first
foreign-owned elevator companies to start operating in
Vietnam in 1996.
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15. ABOUT US
India Elevator & Escalator Market Assessment, Forecast & Opportunities, FY2017-
FY2031F.
Vietnam Building Automation Market Assessment, Forecast & Opportunities, 2017-
2031F.
Global Elevator & Escalator Market, Forecast & Opportunities, 2017-2031F.
Market Xcel Research is a market research and consulting company with offices in
Vietnam, US and Singapore. Market Xcel provides market research reports across
Industry verticals such as Chemicals, Energy &. Power, Consumer, ICT, Automotive,
and Healthcare. The company uses innovative business models that focus on
improving productivity while ensuring the creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and
macroeconomic variables on a state-by-state basis to produce a unique ‘bottom
up’ model of a country and region’s industry prospects. Combined with the
detailed analysis of company activity and industry trends, the result is a uniquely
rich evaluation of the opportunities available in the market.
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10. 15. DISCLAIMER
The contents of this report are based on information generally available to the public from Applications believed to be reliable. No representation is
made that it is timely, accurate or complete. Market Xcel Data Matrix Pvt. Ltd. has taken due care and caution in compilation of data as this has been
obtained from various Applications including which it considers reliable and firsthand. However, Market Xcel does not guarantee the accuracy, adequacy
or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and
especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates
and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s
internal consumption. Usage of the same for purpose other than internal will require prior approval of Market Xcel.
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