Saudi Arabia elevator & escalator market is projected to reach $ 1.25 billion by 2025. Booming construction sector, increasing number of high-rise building projects and rapid infrastructure development are the key factors driving Saudi Arabia elevator & escalator market.
Saudi Arabia elevator & escalator market is segmented based on type, service, elevator technology, end-user, elevator door type, and region. Based on type, the market can be segmented into elevator, escalator and moving walkways. The elevator segment is expected to dominate the market owing to their widespread use in various end user industries. Based on elevator technology, the market can be fragmented into traction, hydraulic and machine room-less traction. The machine room-less traction segment grabbed the largest market share in 2019 and is also expected to grow at the fastest pace during forecast period on account of their higher efficiency and smoother ride.
Regionally, Saudi Arabia elevator & escalator market has been segmented into Riyadh, Makkah, and Easter Province. Among these regions, Riyadh is expected to dominate the country’s elevator & escalator market majorly due booming construction sector in the region.
Major players operating in Saudi Arabia elevator & escalator market include Otis Elevator Company Saudi Arabia Limited, Schindler Olayan Elevators Co. Ltd, ThyssenKrupp Elevator Saudi Limited, Mitsubishi Electric Saudi Ltd., Gulf Elevator & Escalator Company Ltd., Khaled Juffali Elevator & Escalator Co., KONE Saudi Arabia, Orona Elevator Co. KSA, Fujitec Saudi Arabia Co., Ltd., Hyundai Elevator Saudi Arabia, among others.
Years considered for this report:
- Historical Years: 2014 - 2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020 - 2024
Objective of the Study:
- To analyze and forecast the market size of Saudi Arabia elevator & escalator market.
- To classify and forecast Saudi Arabia elevator & escalator market based on type, service, elevator technology, end use, elevator door type, and regional distribution.
- To identify drivers and challenges for Saudi Arabia elevator & escalator market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia elevator & escalator market.
- To identify and analyze the profile of leading players operating in Saudi Arabia elevator & escalator market.
Key Target Audience:
- Elevator & escalator manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to elevator & escalator
- Market research and consulting firms
Market, By Type:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia elevator & escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Moving Walkways
- Maintenance & Repair
- New Installation
- Machine Room-Less Traction
- Eastern Province
- Rest of Saudi Arabia