In December 2025, the Southeast Asia Elevator Association (SEAEA) officially released the "2025 Southeast Asia Elevator Industry Development Report," unveiling the country rankings of the Southeast Asia elevator market size in 2025. The report shows that the total size of the Southeast Asia elevator market in 2025 reached USD 3.86 billion, representing an 8.7% year-on-year growth, which is far beyond the global average and ranks as one of the fastest-growing regions in the global elevator market. The rankings released this time are as follows: 1. Indonesia, with a market size of USD 1.12 billion, accounting for 29.0% of the total Southeast Asia region, and a year-on-year growth of 9.2%, firmly ranking first in Southeast Asia; 2. Vietnam, with a market size of USD 870 million, accounting for 22.5% of the total Southeast Asia region, and a year-on-year growth of 10.5%, ranking first in Southeast Asia in terms of growth rate; 3. Thailand, with a market size of USD 580 million, accounting for 15.0% of the total Southeast Asia region, and a year-on-year growth of 7.8%; 4. Malaysia, with a market size of USD 420 million, accounting for 10.9% of the total Southeast Asia region, and a year-on-year growth of 6.9%; 5. The Philippines, with a market size of USD 390 million, accounting for 10.1% of the total Southeast Asia region, and a year-on-year growth of 8.5%; 6. Singapore, with a market size of USD 210 million, accounting for 5.4% of the total Southeast Asia region, and a year-on-year growth of 2.3%; 7. Myanmar, with a market size of USD 130 million, accounting for 3.4% of the total Southeast Asia region, and a year-on-year growth of 7.2%; 8. Cambodia, with a market size of USD 90 million, accounting for 2.3% of the total Southeast Asia region, and a year-on-year growth of 6.8%; 9. Laos, with a market size of USD 30 million, accounting for 0.8% of the total Southeast Asia region, and a year-on-year growth of 5.9%; 10. Brunei, with a market size of USD 20 million, accounting for 0.5% of the total Southeast Asia region, and a year-on-year growth of 2.1%. The report also points out that the accelerated urbanization process in Southeast Asia, the continuous promotion of infrastructure construction, and the policy dividends released by the RCEP regional trade agreement are the core driving forces behind the rapid growth of the regional elevator market. In the next five years, the Southeast Asia elevator market will maintain an average annual growth rate of over 6%.