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Vietnam Elevator Market Size, Latest Trends, Scope, Competitive Analysis, Revenue and Forecast 2029

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Vietnam Elevator market is projected to reach 62379 Units by 2028 from 46440 units in 2021, at a CAGR of 3.72% during the forecast period.

An elevator also called a lift is a hydraulic cylinder-assisted, cable-assisted, or roller-track-assisted machine that moves in a vertical shaft that helps to carry people or bulk of goods between the levels, floors, or decks of a multi-storey building.  They are typically operated by electric motors which drive the counterweight systems such as hoist and traction cables. There are various types of elevators which include geared or gearless traction elevators, hydraulic elevators, machine-room-less (MRL) elevators, and vacuum (air-driven) home elevators. The history of the elevators starts several years before Christ. The first elevators in Vietnam were designed by a French architect in the year 1929 and were installed in the 99 doors of the richest Hua family. The elevators are used as the backbone of high-rise buildings. It provides a gentle and comfortable experience for people while transporting between the floor.

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Vietnam

The latest research on the Global Vietnam Elevator Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Vietnam Elevator industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Vietnam Elevator Market status of the main market players, major trends, and future market development opportunities.

Leading Key Players Covered Vietnam Elevator Market: –

  • SCHINDLER (SWITZERLAND)
  • OTIS ELEVATOR COMPANY
  • THYSSENKRUPP AG
  • KONE CORPORATION
  • HITACHI LTD.
  • FUJITEC CO., LTD
  • HYUNDAIELEVATOR CO., LTD.,
  • ELECTRA ELEVATORS
  • MITSUBISHI ELECTRIC CORPORATION
  • ELEVATOR WORLD, LLC
  • TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION
  • EITA ELEVATOR (M) SDN. BHD.
  • ORONA
  • OTHER MAJOR PLAYERS

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The Report Will Contains A Crucial Chapter

  • Patent Analysis
  • Regulatory Framework
  • Technology Roadmap
  • BCG Matrix
  • Heat Map Analysis
  • Price Trend Analysis
  • Investment Analysis
  • Company Profiling and Competitive Positioning
  • Industry Value Chain Analysis
  • Market Dynamics and Factors
  • Porter’s Five Forces Analysis
  • Pestle Analysis
  • SWOT Analysis

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Segmentation of Vietnam Elevator Market: –

By Type         

·         Escalator

·         Moving Walkway

By Application          

·         Commercial

·         Institutional

·         Infrastructure

·         Others

 COVID-19 Impact on The Vietnam Elevator Market

The prevalence of the covid-19 has severely affected several businesses in Vietnam including the elevator industry. The government of Vietnam imposed a lockdown in the overall country which created a financial crisis in the country. Also, the outbreaks of the virus cause majorly disturb the supply chain and thereby suddenly halted the manufacturing activity of the elevators or escalators.

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