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๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐„๐ฅ๐ž๐ฏ๐š๐ญ๐จ๐ซ & ๐„๐ฌ๐œ๐š๐ฅ๐š๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Published September 8, 2026 linkedin verified
At a Glance

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐„๐ฅ๐ž๐ฏ๐š๐ญ๐จ๐ซ & ๐„๐ฌ๐œ๐š๐ฅ๐š๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐–๐ก๐š๐ญ ๐ˆ๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ? According to TechSci Research report, the Vietnam Elevator & Escalator Market will grow from USD 1.28 Billion in 2025 to USD 1.95 Billion by 2031, expanding at a CAGR of 7.27% during the forecast period. Vietnamโ€™s rapid urbanization, increasing high-rise construction, expanding commercial infrastructure, and development of modern residential projects are creating strong demand for elevators and escalators. As cities become more vertically developed, efficient and reliable vertical transportation is becoming an essential part of modern buildings. ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://lnkd.

Full intelligence

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐„๐ฅ๐ž๐ฏ๐š๐ญ๐จ๐ซ & ๐„๐ฌ๐œ๐š๐ฅ๐š๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐–๐ก๐š๐ญ ๐ˆ๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ?

According to TechSci Research report, the Vietnam Elevator & Escalator Market will grow from USD 1.28 Billion in 2025 to USD 1.95 Billion by 2031, expanding at a CAGR of 7.27% during the forecast period. Vietnamโ€™s rapid urbanization, increasing high-rise construction, expanding commercial infrastructure, and development of modern residential projects are creating strong demand for elevators and escalators. As cities become more vertically developed, efficient and reliable vertical transportation is becoming an essential part of modern buildings.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://lnkd.in/gcsRM_jj

๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐“๐ซ๐ž๐ง๐๐ฌ ๐ˆ๐ง ๐ญ๐ก๐ž ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Smart Elevators: IoT-enabled systems, remote monitoring, and connected controls are improving operational visibility.

Energy Efficiency: Manufacturers are focusing on technologies that reduce energy consumption and operating costs.

Destination Control Systems: Advanced traffic-management solutions are becoming increasingly relevant in high-traffic buildings.

Modernization: Replacement of older elevator systems is creating a growing aftermarket opportunity.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Otis Elevator Co.

KONE

Schindler Group

thyssenkrupp Elevator

Mitsubishi Corporation

Fujitec Elevators & Escalators

Hitachi Elevator Asia

Sigma Elevator Company

HYUNDAI ELEVATOR

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค

The Vietnam Elevator & Escalator Market is expected to maintain healthy growth through 2031 as urban development and construction activity continue to reshape the countryโ€™s built environment. Future opportunities are likely to extend beyond new elevator and escalator installations. Connected technologies, predictive maintenance, modernization, energy-efficient equipment, and customized solutions for high-rise developments could become important areas of competition.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://lnkd.in/gcsRM_jj

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Related hub: Otis intelligence hub

Original source: https://www.linkedin.com/posts/shivam-sharma-6652b4250_vietnamelevatormarket-vietnamescalatormarket-activity-7503063440828149760-LxrQ