Thang Máy Pacific - Pacific Elevator Vietnam (PEV)

Name

Thang Máy Pacific - Pacific Elevator Vietnam (PEV)

Legal name

Pacific Elevator CO.,LTD.

Website

https://pacificelevator.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Pacific Elevator Vietnam manufactures, installs, and maintains elevators, escalators, homelifts, stairlifts, and dumbwaiters across Vietnam and four Southeast Asian markets, serving developers, retailers, automakers, hotels, and hospitals via seven regional offices and over thirty service stations.

Ownership category

akta.pro rank

Product category

Elevator and Escalator Manufacturing

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Elevator, Escalator & Vertical Transportation Installation/Service (IMAFALAI)

akta.pro secondary industries

Passenger Elevator Service & Maintenance (BPABAIAA), Freight/Service Elevator Service & Maintenance (BPABAIAB), Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE), Traction/Machine-Room-Less (MRL) Elevator Service & Maintenance (BPABAIAL), Accessibility & Platform Lift Service (Wheelchair/Vertical Platform Lifts) (BPABAIAI), Elevator, Escalator & Lift Maintenance (IMAIABAF), Stair Lifts & Residential Platform Lifts (HSAPANAC), Stair Lifts, Platform Lifts & Residential Elevator Services (HSABAJAD)

Keywords

• Elevator manufacturing
• Passenger elevators
• Escalator systems
• Elevator maintenance
• Cargo elevators

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Elevator and Escalator Sales & Installation: New elevator and escalator unit sales and installation for residential, commercial, industrial, and institutional customers. Products include passenger elevators, homelifts, stairlifts, dumbwaiters, escalators, and conveyor belts.
2. Maintenance and Repair Services: Recurring maintenance contracts including regular monthly servicing (Pacific Care plans), emergency repairs, and troubleshooting. The company offers standard maintenance and all-inclusive maintenance packages.
3. Modernization and Renovation Services: Elevator modernization and renovation services for aging elevator systems, updating technology and aesthetics.
4. Replacement Parts and Components: Supply of spare parts, components, and accessories for elevators and escalators.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Pacific Elevator Vietnam designs, manufactures, installs, and maintains vertical transportation equipment—passenger elevators, homelifts, stairlifts, escalators, dumbwaiters, and industrial conveyor belts—serving residential, commercial, hospitality, healthcare, and industrial customers. The company also distributes TECNO (Italy) high-speed elevators and operates a nationwide service network of 7 regional offices and over 30 maintenance stations covering Vietnam and select Southeast Asian markets.

Product overview

Pacific Elevator Vietnam (PEV) is a comprehensive elevator and vertical transportation solutions provider offering a portfolio of six core product categories: passenger elevators (Thang Máy) including machine-room and machine-room-less models, home elevators (Homelift), stairlifts (Stairlift), escalators (Thang Cuốn), conveyor systems (Băng Chuyền), and dumbwaiters (Dumbwaiter). The company also distributes TECNO-branded elevators from Italy. PEV complements its product portfolio with design consultation, installation, maintenance and repair, and modernization services, serving residential, commercial, industrial, and institutional customers across Vietnam and Southeast Asian markets.

Differentiator

Problem solved

Functional benefit

Brands

• TECNO Elevators: Licensed Italian elevator brand distributed by Pacific Elevator for Vietnam, Laos, and Cambodia markets. TECNO is a global elevator group with over 70 years of experience, known for high-speed elevators up to 4m/s.

Products and services

• Passenger Elevators (THANG MÁY)

Quantifiable outcome

• Successfully installed elevators in over 10,000 projects across Vietnam and Southeast Asia
• +2 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• TECNO (Italy)coreTechnology or Integration · 1 January 2007Pacific Elevator signed a cooperation agreement with TECNO, a renowned Italian elevator and escalator group with over 70 years of experience and the first escalator manufacturer in Italy. TECNO authorized Pacific to distribute their elevator brand in Vietnam, Laos, and Cambodia. The partnership brings TECNO's high-speed elevators (up to 4m/s) to the Vietnamese market, meeting international EN115 standards.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• KONE Vietnam: Finnish elevator and escalator major with active presence in Vietnam's major cities. Competes in the same commercial and residential installation, maintenance, and modernization segments.
• Schindler Vietnam: Swiss multinational elevator and escalator company operating across Vietnam's commercial and residential segments. Directly competes with Pacific in mid- and high-rise installations and modernization.
• Mitsubishi Electric Vietnam (Elevator): Japanese elevator OEM with established Vietnam distribution serving high-rise and commercial projects. A direct competitor in the premium passenger elevator segment where Pacific also bids via TECNO.
• Otis Vietnam: Global elevator and escalator leader with a direct Vietnamese subsidiary. Competes with Pacific Elevator across passenger and freight elevator installations in commercial high-rise and infrastructure projects.
• Hyundai Elevator: Korean elevator manufacturer with growing Southeast Asia presence. Competes with Pacific in mid-rise residential and commercial projects and supplies Vietnam's real estate developers.
• Hitachi Elevator (Vietnam representative offices): Japanese elevator OEM with regional Asia presence supplying high-rise and infrastructure projects. Competes with Pacific's TECNO-sourced high-speed elevator offerings in Vietnam's commercial segment.
• TKE (TK Elevator) Vietnam: ThyssenKrupp's elevator carve-out now operating as TK Elevator, with presence across Vietnam's commercial and infrastructure projects. Directly competes in installation, service, and modernization.

Direct peers

• Cơ điện Thang máy Fuji (Fuji Elevator Vietnam): Domestic Vietnamese elevator brand with manufacturing and installation capabilities. Closely comparable in product range (passenger, homelift, cargo) and target customer segments to Pacific Elevator.
• Thang máy MaiKa: Vietnamese domestic elevator manufacturer and installer with similar mid-market positioning. Competes with Pacific for residential, homelift, and small commercial elevator projects across Vietnam.
• Thang máy GHT: Vietnamese elevator company providing manufacturing, installation, and maintenance. Comparable scale and customer segments to Pacific, often bidding on the same residential and small commercial projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pacificelevator
• Facebookfacebook.com/PacificElevator
• LinkedInlinkedin.com/company/thangmaypacific

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thang Máy Pacific - Pacific Elevator Vietnam (PEV)