DUBLIN--(BUSINESS WIRE)--The "Singapore Elevators and Escalators Market Segmented by Type (Elevator, Escalator and Moving Walkways), By Elevator Door Type (Automatic vs. Manual), By Elevator Technology, By Service, By End User, By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The Singapore Elevators and Escalators Market valued at USD578.95 million in 2021 and is anticipated to further grow with a CAGR of 7.90% during the forecast period, 2023-2027, to reach market value of USD919.21 million by 2027F.

Advancing facilities in infrastructure and growing construction of sky-high buildings are facilitating the growth of the Singapore Elevators and Escalators Market in the upcoming five years. Also, concept of smart building with advanced features and increasing urbanization in the country are further driving the growth of the Singapore Elevators and Escalators Market.

Increasing use of internet of things, and artificial intelligence being incorporated in the products like elevators and escalators also supports the growth of the Singapore Elevators and Escalators Market in the future five years.

The major market players active in the country are highly investing technological advancement in their products and are focusing on customer satisfaction through product advancement. Moreover, higher energy efficiency, lighter and more design options, optimal use of hoist-way space are some of the other factors contributing to the demand for elevators & escalator.

Based on service the market is fragmented into modernization and maintenance & repair, and new installation. By end-user, the market is segmented into residential, commercial, infrastructural, institutional, and others. The market analysis also studies the regional segmentation, divided among Central, North-East, East, West and North region.

Elevators are anticipated to hold the largest revenue shares of the market and dominate the type segment in the upcoming five years on account of increasing number of high rise building and tall infrastructures. Surge in the demands for energy efficient elevators is also driving the growth of the market in the next five years.

Company Profiles: Detailed analysis of the major companies present in the Singapore Elevators and Escalators Market.

4. Impact of COVID-19 on Singapore Elevators and Escalators Market

5.5. Annual Maintenance Contract (AMC) Expectations

5.6. Annual Maintenance Contract (AMC) Challenges

6. Global Elevators and Escalators Market Overview

7. Singapore Elevators and Escalators Market Outlook

7.2.1. By Type (Elevator, Escalator and Moving Walkways)

7.2.1.1. By Elevator Door Type (Automatic vs. Manual)

7.2.1.2. By Elevator Technology (Traction, Machine Room-Less Traction and Hydraulic)

7.2.2. By Service (Modernization and Maintenance & Repair, New Installation)

7.2.3. By End User (Residential, Commercial, Infrastructural, Institutional and Others)

7.3. Market Map (Type, Elevator Door Type, Elevator Technology, Service, End User, Region)

8. Singapore Modernization and Maintenance & Repair Elevators and Escalators Market Outlook

9. Singapore New Installation Elevators and Escalators Market Outlook

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