Product Overview Product of Interest: Elevators & Escalators Anelevator or a lift can be defined as a machine installed in buildings to carry, lift, transport or move people and goods from one floor to another. An elevator can be used in various types of settings such as residential complexes, commercial buildings, malls, hospitals, etc., for moving passengers or goods from one level to another. Elevators can also be used in factories and industrial plants to transfer goods, machinery and finished products between different floors. Escalator is a set of moving stairs, usually power driven, arranged like a continuous belt that carries people betweenthefloorsofabuildingwhileascendingordescendingconstantly. Market Segmentation BY SERVICE MALAYSIA ELEVATORS & BY TYPE ESCALATORS MARKET • Elevator • Modernization, Maintenance & Repair Year Range • Escalator • New Installation • Moving Walkways BY ELEVATOR TECHNOLOGY BY END USER Review Period • Traction • Residential • Hydraulic 2016 – 2019 • Commercial • Machine Room-Less Traction Base Year • Institutional BY REGION 2020 • Infrastructural • Central Region (West Malaysia) • Others • East Malaysia Estimated Year BY ELEVATOR DOOR TYPE • Northern Region (West 2021 • Automatic • Malaysia) Forecast Period • Manual • Eastern Region (West Malaysia) • Southern Region (West Malaysia) 2022 – 2026 © TechSci Research 66