Malaysia Economic Profile

Our dedicated team of industry experts has monitored and analyzed various aspects of Malaysia elevators & escalators market. The

team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growth

in real-estate sector, rising number of commercial and residential buildings, scope of elevator modernization and repair pf ageing

elevators and projected growth during the forecast period. The study includes market forecasting, which would enable our clients to

take better decisions while planning their strategy to achieve sustainability in Malaysia elevators & escalators market.

Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts.

The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in Malaysia elevators &

escalators market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking

standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021.