Product Overview Product of Interest: Elevators & Escalators Product Definition: By Elevator Door Type Automatic Doors • With advancing technology and growing safety measures, demand for elevators equipped with automatic doors is growing rapidly in Malaysia. Under the guidelines of the Malaysian Lift And Escalator Association (MALEA), elevators installed at various end segments, including commercial, residential and government institutions, are required to have automatic doors in order to maintain the security of passengers traveling in elevators. Owing to the aforementioned factors, the demand for automatic door elevators in Malaysia is growing at a rapid pace. • Moreover, the increase in demand for smart elevators equipped with the latest technological features is driving the demand for elevators equipped with automatic doors across the nation. Elevators equipped with automatic doors are anticipated to account for the largest volume share in the Malaysia elevators market during the forecast period. Manual Doors • Manual door elevators are mainly used in the manufacturing and industrial sectors to transport heavy goods and products from one floor to another. Over the coming years, demand for elevators equipped with manual doors is expected to decrease, due to growing adoption of automatic doors and evolving lifestyles of people which require high-speed smart elevators. © TechSci Research 1212