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Thailand Elevators Market Research Report Information by Type (Passenger Elevator, Goods Elevator, Capsule Elevator, Stretcher Elevator, and Others), by Speed (Low (Less Than 200Ft/Min), Medium (200 Ft/Min-1000Ft/Min), and High (More Than 1000Ft/Min)), Te

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from $2,950 114 Pages Market Research Future May, 2025 RESFT20068509
Best Price Guarantee
Price from $2,950
Length 114 Pages
Publisher Market Research Future
Published Date May, 2025
SKU RESFT20068509

The Thailand Elevators Market was valued at USD 623.0 million in 2023 and is expected to increase at a CAGR of 4.3% over the forecast period to reach USD 903.3 million in 2032.

The volume of elevators in Thailand was 16,972 units in 2023, and it is expected to expand at a CAGR of 2.5% over the forecast period, reaching 21,037 units in 2032.

Thailand's elevator sector is rapidly developing due to a variety of factors including urbanization, technological developments, and regulatory changes. Rapid urbanization and increased population density are occurring across the country, particularly in cities such as Bangkok. Urbanization is directly driving the demand for vertical transportation choices such as escalators and elevators in high-rise buildings, business complexes, residential towers, and public infrastructure projects. As a result, the construction industry is seeing both public and private investment, which is hastening the market's growth. The transition to more modern and efficient infrastructure is a major element fueling the elevator industry. Elevator modernization is becoming increasingly important in Thailand as older structures age. In line with increasing customer expectations, these enhancements aim to improve user experience, increase energy efficiency, and comply with new safety rules. Modernization trends are also being influenced by technical breakthroughs like as Internet of Things (IoT) integration, which allows for predictive maintenance and real-time performance monitoring. The Thai government's rising emphasis on ensuring that structures meet modern safety and environmental standards is also benefiting the industry. This creates opportunities for both new installations and upgrading services, particularly with initiatives that promote energy efficiency and sustainable development.

Market Segmentation
The Thailand Elevators market is divided into five types: passenger elevators, goods elevators, capsule elevators, stretcher elevators, and others.
The Thailand Elevators market is divided into three categories based on speed (ft/min): low (less than 200 feet per minute), medium (200 feet per minute to 1000 feet per minute), and high (more than 1000 feet per minute).
According to technology, the Thailand Elevators market is divided into Hydraulic, Traction, and Others.
The Thailand Elevators market is divided into three segments based on its capacity: low capacity (up to 1000 kg), medium capacity (1000 kg - 2000 kg), and high capacity (2000 kg and above).
Thailand's elevator market is divided into three segments based on end use: residential, commercial, and industrial. The Residential category is further divided into flats, condominiums, gated communities, and others. The Commercial sector is further divided into office buildings, shopping malls, hotels, hospitals, airports, and so on. The Industrial sector is further divided into production facilities, warehouses, distribution centers, and so on.

Major players
Otis Elevator Company, Schindler, Kone, TKE, Mitsubishi Elevator, Hitachi Elevator, Fujitec, Toshiba, Thai ji (Thailand) Co., Ltd, and OMC Sanyu Elevator Co., Ltd are among the leading participants in Thailand's elevators market.


1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rapid Urbanization Across Thailand
4.2.2 Increasing Emphasis On The Infrastructure Development
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Initial Investment And Maintenance Costs
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Expansion Of Smart Cities And Shift Towards Smart Elevators And Green Lift Strategies
4.5 Covid-19 Impact Analysis
4.5.1 Impact On Overall Iae Industry
4.5.1.1 Economic Impact
4.5.2 Impact On Thailand Elevators Market
4.5.3 Impact On Supply Chain
4.5.3.1 Impact On Price Variation Of Key Raw Materials
4.5.3.2 Production Shutdown
4.5.3.3 Cash Flow Constraints
4.5.3.4 Impact On Import/Export
4.5.4 Impact On Market Demand
4.5.4.1 Impact Due To Restrictions/Lockdown
4.5.4.2 Consumer Sentiments
4.5.5 Impact On Pricing
4.5.6 Commission By Lift Specification
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Component/Material Supply
5.1.2 Manufacture
5.1.3 Sales & Distribution
5.1.4 End-use
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Major Orders Expected Within 2-3 Years
6 Thailand Elevator Market, By Product Type
6.1 Overview
6.2 Passenger Elevator
6.3 Goods Elevator
6.4 Capsule Elevator
6.5 Stretcher Elevator
6.6 Others
7 Thailand Elevator Market, By Speed
7.1 Overview
7.2 Below 90m/Min
7.3 90m/Min-150m/Min
7.4 180m/Min-240m/Min
7.5 Above 300m/Min
8 Thailand Elevator Market, By Technology
8.1 Overview
8.2 Hydraulic
8.3 Traction
8.4 Others
9 Thailand Elevator Market, By Capacity
9.1 Overview
9.2 Low Capacity (Up To 1000 Kg)
9.3 Medium Capacity (1000 Kg - 2000 Kg)
9.4 High Capacity (2000 Kg And Above)
10 Thailand Elevator Market, End Use
10.1 Overview
10.2 Residential
10.2.1 Apartments
10.2.2 Condominiums
10.2.3 Gated Communities
10.2.4 Others
10.3 Commercial
10.3.1 Office Buildings
10.3.2 Shopping Malls
10.3.3 Hotels
10.3.4 Hospitals
10.3.5 Airports
10.3.6 Others
10.4 Industrial
10.4.1 Manufacturing Facilities
10.4.2 Warehouses
10.4.3 Distribution Centers
10.4.4 Others
11 Competitive Landscape
11.1 Introduction
11.2 Competitor Dashboard
11.3 Market Share Analysis, 2023
11.4 Who Are The Market Disruptors & Innovators?
11.5 What Strategies Are Being Adopted By Market Leaders?
11.6 Comparative Analysis: Key Players Finanical
11.7 The Leading Player In Terms Of The Number Of Recent Developments In The Market
11.8 Key Developments & Growth Strategies
11.8.1 Product Launch And Developments
11.8.2 Expansion
11.8.3 Agreement
11.8.4 Merger And Acquisition
11.8.5 Announcements
11.8.6 Achievement
11.8.7 Award
11.9 List Of Major Customers
11.10 Market Prices By Model (Price In Usd)
12 Company Profiles
12.1 Otis Elevator Company
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offered
12.1.4 Key Developments
12.1.5 Swot Analysis
12.1.6 Key Strategies
12.2 Schindler
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offered
12.2.4 Key Developments
12.2.5 Swot Analysis
12.2.6 Key Strategies
12.3 Kone
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offered
12.3.4 Key Developments
12.3.5 Swot Analysis
12.3.6 Key Strategies
12.4 Tk Elevator
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offered
12.4.4 Key Developments
12.4.5 Swot Analysis
12.4.6 Key Strategies
12.5 Mitsubishi Elevator
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offered
12.5.4 Key Developments
12.5.5 Swot Analysis
12.5.6 Key Strategies
12.6 Hitachi Elevator
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offered
12.6.4 Key Developments
12.6.5 Swot Analysis
12.6.6 Key Strategies
12.7 Fujitec
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offered
12.7.4 Key Developments
12.7.5 Swot Analysis
12.7.6 Key Strategies
12.8 Toshiba
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offered
12.8.4 Key Developments
12.8.5 Swot Analysis
12.8.6 Key Strategies
12.9 Thai Ji (Thailand) Co., Ltd
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offered
12.9.4 Key Developments
12.9.5 Swot Analysis
12.9.6 Key Strategies
12.10 Omc Sanyu Elevator Co., Ltd.
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offered
12.10.4 Key Developments
12.10.5 Swot Analysis
12.10.6 Key Strategies
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Thailand Elevator Market, By Product Type, 2019-2032 (Usd Million)
Table 3 Thailand Elevator Market, By Product Type, 2019-2032 (Units)
Table 4 Thailand Elevator Market, By Speed, 2019-2032 (Usd Million)
Table 5 Thailand Elevator Market, By Speed, 2019-2032 (Units)
Table 6 Thailand Elevator Market, By Technology, 2019-2032 (Usd Million)
Table 7 Thailand Elevator Market, By Technology, 2019-2032 (Units)
Table 8 Thailand Elevator Market, By Capacity, 2019-2032 (Usd Million)
Table 9 Thailand Elevator Market, By Capacity, 2019-2032 (Units)
Table 10 Thailand Elevator Market, By End Use, 2019-2032 (Usd Million)
Table 11 Thailand Elevator Market, By End Use, 2019-2032 (Units)
Table 12 Who Are The Market Disruptors & Innovators?
Table 13 Comparative Analysis: Key Players Finanical
Table 14 Most Active Player In The Thailand Elevators Market
Table 15 Product Launch And Developments
Table 16 Expansion
Table 17 Agreement
Table 18 Merger And Acquisition
Table 19 Announcements
Table 20 Achievement
Table 21 Award
Table 22 Otis Elevator Company: Products Offered
Table 23 Otis Elevator Company: Key Developments
Table 24 Schindler: Products Offered
Table 25 Schindler: Key Developments
Table 26 Kone: Products Offered
Table 27 Kone: Key Developments
Table 28 Tk Elevator: Products Offered
Table 29 Tk Elevator: Key Developments
Table 30 Mitsubishi Elevator: Products Offered
Table 31 Mitsubishi Elevator: Key Developments
Table 32 Hitachi Elevator: Products Offered
Table 33 Hitachi Elevator: Key Developments
Table 34 Fujitec: Products Offered
Table 35 Fujitec: Key Developments
Table 36 Toshiba: Products Offered
Table 37 Thai Ji (Thailand) Co., Ltd: Products Offered
Table 38 Omc Sanyu Elevator Co., Ltd.: Products Offered
List Of Figures
Figure 1 Thailand Elevators Market: Structure
Figure 2 Market Dynamics: Thailand Elevators Market
Figure 3 Drivers: Impact Analysis: Thailand Elevators Market
Figure 4 Restraint Impact Analysis: Thailand Elevators Market
Figure 5 Supply Chain Analysis: Thailand Elevators Market
Figure 6 Porter’s Five Forces Analysis: Thailand Elevators Market
Figure 7 Thailand Elevator Market, By Product Type, 2023 (% Share)
Figure 8 Thailand Elevator Market, By Speed, 2023 (% Share)
Figure 9 Thailand Elevator Market, By Technology, 2023 (% Share)
Figure 10 Thailand Elevator Market, By Capacity, 2023 (% Share)
Figure 11 Thailand Elevator Market, By End Use, 2023 (% Share)
Figure 12 Competitor Dashboard: Thailand Elevators Market
Figure 13 Global Elevators Players: Competitive Analsis, 2023
Figure 14 Otis Elevator Company: Financial Overview Snapshot
Figure 15 Otis Elevator Company: Swot Analysis
Figure 16 Schindler: Financial Overview Snapshot
Figure 17 Schindler: Swot Analysis
Figure 18 Kone: Financial Overview Snapshot
Figure 19 Kone: Swot Analysis
Figure 20 Tk Elevator: Swot Analysis
Figure 21 Mitsubishi Elevator: Financial Overview Snapshot
Figure 22 Mitsubishi Elevator: Swot Analysis
Figure 23 Hitachi Elevator: Financial Overview Snapshot
Figure 24 Hitachi Elevator: Swot Analysis
Figure 25 Fujitec: Financial Overview Snapshot
Figure 26 Fujitec: Swot Analysis
Figure 27 Toshiba: Financial Overview Snapshot
Figure 28 Toshiba: Swot Analysis
Figure 29 Thai Ji (Thailand) Co., Ltd: Swot Analysis
Figure 30 Omc Sanyu Elevator Co., Ltd.: Swot Analysis

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