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Indonesia development of urbanization in the elevator market

2014/5/9

Elevator in Indonesia in southeast Asia's fastest growing market. The rapid growth of population and urbanization to stimulate the construction of rapid development of big cities, such as Jakarta, surabaya, etc.

 

This will bring the elevator market in the next five years to provide broad space for development, the Jakarta airport construction and renovation projects to further promote the demand of the lift. According to the analysis, Indonesia's elevator market for $2011 in 164 million, is expected to reach $284 million in 2016.

 

"Users will enjoy more comfortable advanced elevator, the elevator will adopt more new technologies. The future basic all new buildings will be equipped with elevator and escalator, and the rational use of space in the building will have an impetus to the development of energy-saving elevator."

 

Although the market potential is tremendous, Indonesia is still a very price-sensitive market, elevator manufacturers can consider how to enter the market more strategic, consider more end-user requirements and developers for the demand of the lift. Sensitive to prices is the majority of consumers on product value orientation by Indonesia consciousness is not strong, the developers are more inclined to consider the functionality of the product. Prices will also hinder the development of many elevator manufacturers and provide value-added services. In the past few years, the price factor resulted in the low price competition of the market, the elevator market in the global financial crisis once stagnant. The elevator developers hard to digest because of the fierce competition raw material price increases the cost of the problem. To fight for market share, many elevator business can bargain, and provide more services.

 

Nevertheless, the elevator business confidence in the future, because Indonesia construction new standards of elevator market development is more and more good, will continue to strengthen construction of human nature and maintenance, will continue to improve the quality of building equipment products.

 

Because of this the lift contractor will get stable income in maintenance market, will be more than new ladder market, because the new ladder is depends on the development of construction market, market is inherently unstable, but is depends on the amount of existing elevator maintenance market, the quantity is increasing every year. The expert points out, the country's economy will also be high speed development, will stimulate the development of infrastructure and construction markets. So, for construction industry especially residential elevator investment would still be the focus of Indonesia.

 

Expert thinks, residential buildings, commercial buildings, hotels, retail stores such as the sustainable development of the construction project will affect the development of the elevator market, they will also be the elevator market of a few main source of income.