Top 10 Companies in Indonesia Elevator and Escalator Market | Suppliers & Manufacturers 2024

Top 10 Companies in Indonesia Elevator and Escalator Market

Indonesia elevator and escalator market is a highly competitive market, with various key players contributing to its development and growth. The market players bring in their expertise, advanced technologies, and innovative solutions to cater to the expanding demand for efficient vertical transportation systems in the nation. One main contribution of key players is their focus on developing advanced technologies that enhance the safety, efficiency, and reliability of elevators and escalators. With rising concerns about passenger safety, these players have invested in state-of-the-art features like emergency communication systems, remote monitoring as well as real-time diagnostics.

In addition to technological innovations, market players also prioritize eco-friendly solutions and for this, they utilize energy-efficient components and implement sustainable practices in their manufacturing processes. Furthermore, these players have played a vital role in expanding the reach of elevator and escalator services in the country by establishing partnerships and collaborations with local businesses and contractors. Indonesia Elevator and Escalator Market, as per 6Wresrarch, is expected to rise at a CAGR of 4.8% in terms of revenues during 2021-2027.

List of Leading Companies in the Indonesia Elevator and Escalator Market

1. Hitachi Ltd

Hitachi Ltd. is headquartered in Chiyoda, Tokyo, Japan. The company operates various products and services globally across multiple countries. In Indonesia, the company operates through its subsidiary PT Hitachi Asia Indonesia which started its operations in Jakarta in October 2013.

2. Hyundai Elevator Co.Ltd

Hyundai Elevator is headquartered in Seoul, Korea. The company has established a global network that spans over 55 countries across the globe. The company operates in Indonesia through PT Hyundai Elevator Indonesia (HELIN) which was incorporated in 2013.

3. KONE Corporation

Headquartered in Helsinki, Finland, Kone Corporation has seven global R&D centres and 12 manufacturing units in eight countries, as well as a worldwide network of agents and authorized distributors that operates in over 60 countries worldwide. KONE established a joint venture in Indonesia with a local elevator company in 1994, and fully acquired the joint venture in 1995. KONE's Indonesia operations, PT. KONE Indo Elevators, wholly owned by KONE Corporation in Finland, is situated in Jakarta.

4. Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan serving its products worldwide. In Indonesia, Mitsubishi operates through its subsidiary P.T. Mitsubishi Jaya Elevator and Escalator.

5. Otis Worldwide Corporation

Otis Worldwide Corporation is an American company, the company develops, manufactures, and markets elevators, escalators, moving walkways, and related equipment. The company offers its products and services in over 200 countries across the globe. In Indonesia, the company operates through its regional office present in Jakarta.

6. Schindler Holding Ltd.

Schindler manufactures, installs, services, and modernizes elevators, escalators, and moving walks worldwide. PT Berca Schindler Lifts was set up in 2000, as a joint venture between Central Cipta Murdaya Group and Jardine Schindler Group, is a subsidiary of Schindler in Indonesia that provides pre-sales, sales, and after-sales for Schindler lifts and escalators in Indonesia.

7. TK Elevator GmbH

ThyssenKrupp Elevator has changed its name to TK Elevator in February 2021, is a German conglomerate multinational headquartered in Essen, Germany. The company is operational in over 60 countries with 1100 locations. TK Elevator Indonesia was established in 2005, the company installs, maintains and modernizes elevators and escalators in Indonesia.

8. Toshiba Elevator & Building Systems Corporation

Toshiba Elevator & Building Systems Corporation is headquartered in Japan and encompasses all aspects from system development to production, sales to marketing, installation, adjustment in elevators, escalators, and moving walks across multiple countries. In Indonesia, TELC operates through PT. Toshindo Elevator Utama.

9. Fujitec Co. Ltd

Fujitec  Co. Ltd. was founded in February 1948 and deals in the manufacturing, sales, installation, and maintenance of products including elevators, escalators, and auto walks. The company has its headquarters in Japan. In Indonesia, PT. Fujitec Indonesia provides solutions for vertical transportation needs such as elevators, escalators, and travelators which was established in December 1989 through a joint investment company between Fujitec Singapore and Fujitec Japan.

10. Sigma Elevator Company

Sigma Elevator Company is headquartered in Seoul, Korea. The company manufactures escalators, elevators, and moving walks across 60 countries. In Indonesia, the company provides elevators and escalators through its authorized distributor PT Jaya Kencana.

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