Market Segmentation

Elevator segment acquire highest market share

Based on type, the elevator segment holds the largest share in the UAE Elevator and Escalator market in 2019. The major driving factors for the growth of the elevator segment are the widespread implementation of residential towers, corporate offices and the development of the hotel chain. Further, the renewal of crude oil prices has enhanced the growth of the construction industry. Thus, strongly contributing to the growth of the market in the near future as revealed by the MarkNtel Advisors’ research report “UAE Elevator and Escalator Market Analysis, 2021”.

Market Opportunities

According to MarkNtel Advisors’ research report “UAE Elevator and Escalator Market Analysis, 2021”, the UAE Elevator and Escalator market is anticipated to grow at a CAGR of 5.6% during 2021-26F. The UAE elevator and escalator market are anticipated to grow at an astronomical rate owing to rapid urbanization and a surge in the installation of elevators in the residential as well as the commercial sector. Moreover, increasing government initiative to support big projects such as investment for Dubai Expo 2021 and construction of Al Maktoum International airport, would drive the growth UAE elevators and escalators market.

Impact of COVID-19

In 2020, the COVID-19 pandemic has adversely influenced the Elevator and Escalator Market due to the imposition of lockdown which has led to disruption in the supply chain and the temporary shutdown of escalator and elevator manufacturing units. Thereby, the UAE elevator and escalator market has witnessed a decline in its growth rate in 2020.

Competitive Landscape

According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Elevator and Escalator market include Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator, etc. These companies are launching new products to gain an advantage over their competitors.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE Elevator and escalator market?
2. What are the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the UAE Elevator and escalator market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in UAE elevator and escalator on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of UAE Elevator and escalator market study?

Market Outlook, Segmentation and Statistics

  • Impact of COVID-19 on UAE Elevator and Escalator Market
  • Market Size & Analysis
  • ·Market Revenues
  • ·By Unit Sold
  • Market Share & Analysis
  • ·By Type
  • ·Elevator
  • ·Escalator
  • ·By Service
  • ·New Installation
  • ·Modernization
  • ·Maintenance
  • ·By End User
  • ·Residential
  • ·Commercial
  • ·Retail
  • ·Health Care
  • ·Hospitality
  • ·Government & Transportation
  • ·Others
  • ·By Region
  • ·Abu Dhabi & Al Ain
  • ·Dubai
  • ·Sharjah & Northern Emirates
  • ·By Company
  • ·Revenue Shares
  • ·Strategic Factorial Indexing
  • ·Competitor Placement in MarkNtel Quadrant
  • UAE Elevator & Escalator Market Regulations, Norms, & Product Standards
  • UAE Elevator & Escalator Imports Exports Statistics
  • UAE Elevator & Escalator Market Winning Strategies, 2020
  • ·Investment Scenario
  • ·Hotspots
  • Tax Structure


Frequently Asked Questions:
Q. What would be the growth rate or CAGR of UAE Elevator and escalator market during 2021-26?
A. The market size of UAE Elevator and escalator market is projected to grow at a CAGR of 5.6% during 2021-26.

Q. Which type of elevator and escalator services would grab the highest market share during 2021-26?
A. It is forecast that the elevator segment captured the highest market share in the UAE elevator and escalator market on account of the increasing infrastructure developments in the country.

Q. Who are the key competitors or players operating in UAE Elevator and escalator market?
A. Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator are few of the leading players in the UAE Elevator and escalator market.

Q. Does the report scope cover type wise market statistics also?
A. Yes, the scope of the report encompass detailed elevator and escalator type wise statistics such as market size, market segmentation based on various subcategories.

Q. Which end user segment would emerge as an opportunity area for players in elevator and escalator?
A. Retail, Residential and Hospitality sector would continue to grow at a highest CAGR, presenting immense opportunities for market players of elevator and escalator across UAE.