Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), and Competitive Landscape.
Product Code: ETC001674 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Myanmar elevator and escalator market are expected to demonstrate a strong growth during the forecast period which is majorly driven by the sustained growth of the construction sector post the 2011 liberalization reforms in the country. As the country strive to bridge its infrastructural gap. The government in the nation has undertaken various ambitious infrastructural projects such as Myanmar National Transport Master Plan (NTMP), and National Export Strategy (NES) which are focused on developing road and rail networks in the country. Furthermore, programs such as National Electrification Programme (NEP) will provide the base for the development of industrial and residential infrastructure over the coming years.
According to 6Wresearch, Myanmar Elevator And Escalator Market size is projected to grow at a CAGR of 4.8% during 2019-2025F. The Myanmar elevator and escalator market are poised to witness substantial growth over the coming years due to robust growth in the construction sector of the country with upcoming projects such as Kyaukphyu Special Economic Zone project in Rakhine state and the government house building project. Additionally, the high rate of urbanization and internal migration in the country would boost the residential sector demand during the forecast period as the country rapidly plans to urbanize with the assistance of JICA and ADB. Due to its geographical and strategic importance, the region is witnessing an influx of foreign investment which is further likely to provide a boost to the commercial and industrial sector, this has led to rapid development of office spaces and economic zones in the country which in turn has led to the growing demand for elevators and escalators.
As the country makes its forage into the globalized world there has been a growing trend of malls and condominiums which has resulted in the rapid expansion of retail space in the region with a multiplicity of new projects coming up, particularly in the regions of Yangon, Mandalay, Taunggyi region which is likely to give a boost to the escalator segment. As the country plans to ambitiously shift from a state-controlled economy to a free market high potential remains untapped in the Industrial and Residential applications.
By services, new installations will remain the major revenue-generating source due to ongoing construction and would be closely followed by maintenance and modernization. Further, Passenger type elevators will continue to dominate the market share due to their widespread usage in residential and commercial spaces.
The Myanmar elevator and escalator market report thoroughly covers elevator and escalator market by components, verticals, and regions. The Myanmar elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Myanmar elevator and escalator market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
The Myanmar elevator and escalator market report provides a detailed analysis of the following market segments:
o Elevator
o Escalator
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Myanmar Elevator and Escalator Market Overview |
3.1 Myanmar Country Indicators |
3.2 Myanmar Elevator & Escalator Market Revenues, 2015-2025F |
3.3 Myanmar Elevator & Escalator Market - Industry Life Cycle |
3.4 Myanmar Elevator & Escalator Market - Porter’s Five Forces |
4 Myanmar Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
4.1 Myanmar Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
4.2 Myanmar Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
4.3 Myanmar Elevator & Escalator Market Dynamics |
5 Impact Analysis |
6 Market Drivers |
6.1 Market Restraints |
6.2 Myanmar Elevator & Escalator Market Trends |
6.3 Myanmar Elevator Market Overview |
6.4 Myanmar New Installation Elevator Market Revenues & Volume, 2015-2025F |
6.4.1 Myanmar New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F |
6.4.2 Myanmar New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F |
6.4.2.1 Myanmar Elevator Services Market Revenues, 2015-2025F |
6.4.2.2 Myanmar Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
6.4.3 Myanmar Elevator Services Market Revenues, By Service Types, 2015-2025F |
6.4.3.1 Myanmar Elevator Market Overview, By Applications, 2015-2025F |
6.4.3.2 Myanmar Elevator Market Revenue Share, By Applications, 2018 & 2025F |
6.5 Myanmar Elevator Market Revenues, By Applications, 2015-2025F |
6.5.1 Myanmar Escalator Market Overview |
6.5.2 Myanmar New Installation Escalator Market Revenues & Volume, 2015-2025F |
6.5.2.1 Myanmar New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F |
6.5.2.2 Myanmar New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F |
6.5.3 Myanmar Escalator Services Market Revenues, 2015-2025F |
6.5.3.1 Myanmar Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
6.5.3.2 Myanmar Escalator Services Market Revenues, By Service Types, 2015-2025F |
6.6 Myanmar Escalator Market Overview, By Applications, 2015-2025F |
6.6.1 Myanmar Escalator Market Revenue Share, By Applications, 2018 & 2025F |
6.6.2 Myanmar Escalator Market Revenues, By Applications, 2015-2025F |
6.6.2.1 Myanmar Elevator & Escalator Market Overview, By Applications |
6.6.2.2 Myanmar Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F |
6.6.3 Myanmar Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F |
6.6.3.1 Myanmar Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F |
6.6.3.2 Myanmar Elevator & Escalator Market Key Performance Indicators |
6.7 Myanmar Elevator & Escalator Market Opportunity Assessment |
6.8 Myanmar Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
6.8.1 Myanmar Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
6.9 Myanmar Elevator & Escalator Market Competitive Landscape |
6.9.1 Myanmar Elevator & Escalator Market Competitive Benchmarking, By Product Types |
6.9.2 Myanmar Elevator & Escalator Market Revenue Share, By Company, 2018 |
7 Company Profiles |
8 Key Strategic Recommendations |
9 Disclaimer |
LIST OF FIGURES |
Figure 1. Myanmar Elevator & Escalator Market Revenues, 2015-2025F ($ Million) |
Figure 2. Myanmar Elevator & Escalator Market - Industry Life Cycle |
Figure 3. Myanmar Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F |
Figure 4. Myanmar Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F |
Figure 5. Myanmar Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 6. Myanmar New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
Figure 7. Myanmar New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F |
Figure 8. Myanmar New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F |
Figure 9. Myanmar Elevator Services Market Revenues, 2015-2025F ($ Million) |
Figure 10. Myanmar Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F |
Figure 11. Myanmar Elevator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 12. Myanmar New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units) |
Figure 13. Myanmar New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F |
Figure 14. Myanmar New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F |
Figure 15. Myanmar Escalator Services Market Revenues, 2015-2025F ($ Million) |
Figure 16. Myanmar Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F |
Figure 17. Myanmar Escalator Market Revenue Share, By Applications, 2018 & 2025F |
Figure 18. Myanmar Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million) |
Figure 19. Myanmar Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million) |
Figure 20. Myanmar Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F ($ Million) |
Figure 21. Myanmar Elevator & Escalator Market Opportunity Assessment, By Types, 2025F |
Figure 22. Myanmar Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F |
LIST OF TABLES |
Table 1. Myanmar New Installation Elevator Market Revenues, By Elevator Types ($ Million) |
Table 2. Myanmar New Installation Elevator Market Volume, By Elevator Types (Thousand Units) |
Table 3. Myanmar Elevator Services Market Revenues, By Service Types ($ Million) |
Table 4. Myanmar Elevator Market Revenues, By Applications, 2015-2025F, ($ Million) |
Table 5. Myanmar New Installation Escalator Market Revenues, By Escalator Types ($ Million) |
Table 6. Myanmar New Installation Escalator Market Volume, By Escalator Types (Thousand Units) |
Table 7. Myanmar Escalator Services Market Revenues, By Service Types ($ Million) |
Table 8. Myanmar Escalator Market Revenues, By Applications, 2015-2025F, ($ Million) |