Reference
·Supporting source
Thai-Otis Elevator Market Position
~25–30% of new elevator installations
Thai-Otis Elevator (a joint venture between Otis Worldwide and local partners, unlisted) is estimated to hold 25–30% of Thailand's new elevator and escalator installation market by unit count, competing with KONE Thailand, Schindler Thailand, Hitachi, and Mitsubishi Electric Thailand. The Thai elevator market tracks high-rise condo and mixed-use construction activity in Bangkok and EEC provinces; installation volumes have grown with the BTS/MRT network expansion driving transit-oriented development. Thai-Otis also holds a leading share of the maintenance and modernization segment, which provides recurring revenue independent of new-construction cycles. Segment data is disclosed by Otis Worldwide in its Asia-Pacific regional filings.
Figure in context
Thai-Otis Elevator (a joint venture between Otis Worldwide and local partners, unlisted) is estimated to hold 25–30% of Thailand's new elevator and escalator installation market by unit count, competing with KONE Thailand, Schindler Thailand, Hitachi, and Mitsubishi Electric Thailand. The Thai elevator market tracks high-rise condo and mixed-use construction activity in Bangkok and EEC provinces; installation volumes have grown with the BTS/MRT network expansion driving transit-oriented development. Thai-Otis also holds a leading share of the maintenance and modernization segment, which provides recurring revenue independent of new-construction cycles. Segment data is disclosed by Otis Worldwide in its Asia-Pacific regional filings.
Thai-Otis Elevator (a joint venture between Otis Worldwide and local partners, unlisted) is estimated to hold 25–30% of Thailand's new elevator and escalator installation market by unit count, competing with KONE Thailand, Schindler Thailand, Hitachi, and Mitsubishi Electric Thailand. The Thai elevator market tracks high-rise condo and mixed-use construction activity in Bangkok and EEC provinces; installation volumes have grown with the BTS/MRT network expansion driving transit-oriented development. Thai-Otis also holds a leading share of the maintenance and modernization segment, which provides recurring revenue independent of new-construction cycles. Segment data is disclosed by Otis Worldwide in its Asia-Pacific regional filings.
Time scope
FY2023
Source basis
Supporting source
Interpretation notes
What this tells you
Thai-Otis Elevator (a joint venture between Otis Worldwide and local partners, unlisted) is estimated to hold 25–30% of Thailand's new elevator and escalator installation market by unit count, competing with KONE Thailand, Schindler Thailand, Hitachi, and Mitsubishi Electric Thailand. The Thai elevator market tracks high-rise condo and mixed-use construction activity in Bangkok and EEC provinces; installation volumes have grown with the BTS/MRT network expansion driving transit-oriented development. Thai-Otis also holds a leading share of the maintenance and modernization segment, which provides recurring revenue independent of new-construction cycles. Segment data is disclosed by Otis Worldwide in its Asia-Pacific regional filings.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
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