Indonesia Market Reports-6Wresearch

Java and Sumatra are the Key Regions Driving the Growth of Indonesia's Elevator and Escalator Market - 6Wresearch Indonesia elevator and escalator market registered sluggish growth in terms of number of new installations attributed to change in government policies pertaining to election in the country and slowdown in construction industry. However, upcoming new hotels and shopping malls coupled with increasing government spending on infrastructural development projects and inflow of FDI in the construction market (infrastructure, energy, and residential projects) are some of the key factors that would revive growth of the market during 2018-24. According to 6Wresearch , Indonesia Elevator and Escalator Market is expected to grow at a CAGR of 2.2% during 2017-23 . Increase in the construction of skyscrapers and acceptance in the residential vertical to drive the demand for elevator especially in Indonesia. Currently, there are more than 300 active large-scale construction proje...