Market Research Report

The UAE Elevator and Escalator Market Report Key Takeaways:

• Market size was valued at approximately USD 342 million in 2025 and is projected to reach USD 432 million by 2032. The estimated CAGR from 2026 to 2032 is around 3.97%, indicating strong growth.
• In terms of product type, elevators dominated the market with nearly 92% share in revenue terms in 2025, primarily due to surging demand from rapid urbanization and high-rise building construction worldwide.
• Based on End Users, the commercial segment captured around 65% market share in 2025, owing to rapid urbanization fueling the construction of high-rise office buildings, hotels, shopping malls, and airports that require high-capacity, high-speed vertical transportation systems.
• Regionally, Abu Dhabi accounted for approximately 44% share in 2025, supported by aggressive infrastructure development and economic diversification initiatives.
• ​Leading escalators and elevators companies in the UAE market are Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, and others.

Market Insights & Analysis: UAE Elevator and Escalator Market (2026-32):

The UAE Elevator and Escalator Market size was valued at around USD 342 million in 2025 and is projected to reach USD 432 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 3.97% during the forecast period, i.e., 2026-32.

The significant factors bolstering growth of the escalator and elevator industry in the UAE start with large-scale federal and private infrastructure investments, particularly in aviation and urban transit. The expansion of Al Maktoum International Airport, backed by an USD 34.8 billion investment, is planned to transform it into one of the world’s largest aviation hubs with an ultimate capacity of up to 260 million passengers annually, generating long-term construction momentum in transport, logistics and urban development.

This momentum is reinforced by continued development of public transport networks and urban regeneration projects, which are driving broader commercial and residential real estate activity. Residential property markets across the UAE have recorded robust transaction volumes and deliveries in 2025. For example, Dubai’s residential market sustained very high sales volumes through Q3 2025, with transaction levels remaining above 50,000 units in the quarter and extending multi-year growth in overall activity. In the same period, official data show that Dubai handed over 8,100 apartments and 1,650 villas, reflecting the delivery of new housing stock that sustains construction demand. These trends highlight healthy market delivery and absorption, underpinning new vertical transport installations in residential high-rise and mixed-use projects.

Tourism remains a central economic pillar and a key driver of demand for escalators and elevators in hospitality, retail, entertainment, and integrated destination developments. According to forecasts by the World Travel & Tourism Council (WTTC), international visitor spending in the UAE is projected to reach approximately USD 62.2 billion in 2025, marking an all-time high and up significantly from pre-pandemic levels, which supports elevated demand for travel-related infrastructure. WTTC also projects that travel and tourism will contribute around USD 72.8 billion to the national economy in 2025, equivalent to nearly 13 % of GDP, and will support more than 925,000 jobs. These figures illustrate how tourism-led economic growth underpins expansion in hotels, retail centers, and transport hubs that require escalators and elevators.

Hotel industry performance further illustrates this effect: average hotel occupancy in the UAE reached around 79.3 % in 2025, one of the highest regional rates, supporting ongoing investment in hotel development and refurbishment that boosts vertical transport demand. At the same time, Dubai received nearly 14 million overnight visitors through the first nine months of 2025, up year-on-year, indicating sustained tourism demand and visitor flows that translate into ongoing construction and retrofit activity.

These economic drivers, major infrastructure development, strong real estate delivery and absorption, and record-level tourism activity, collectively influence market growth by increasing overall construction volumes, demand for new installations, modernization of existing buildings, and uptake of energy-efficient and smart vertical transport technologies across residential, commercial, hospitality, and transit sectors.

UAE Elevator and Escalator Industry Recent Development:

• June 2025: KONE launched KONE Studio, a next-generation digital customer planning tool, in the Middle East (announced from Dubai, UAE), Türkiye, and Africa to streamline elevator design and enhance collaboration. This 24/7 platform integrates 3D visuals, real-time building specs, CAD/BIM exports, and up-to-date safety data, reducing project revisions and accelerating decisions for UAE's high-rise sector. The initiative supports KONE's Rise strategy on digitalization, positioning it as a key innovation for the UAE escalator and elevator market amid ongoing infrastructure growth.
• August 2025, Otis Worldwide Corporation secured a contract to supply and install 76 advanced elevators, including 50 Skyrise®, 12 Arise™, and 14 Gen2® machine-roomless units, for Sobha Realty's Riverside Crescent project in Sobha Hartland II, Dubai. These high-speed elevators (up to 6 m/s) feature EMS Panorama™ 2.0 for enhanced monitoring, supporting the 71-story towers and aligning with UAE's luxury high-rise boom. The partnership builds on Otis's 50+ year UAE presence and prior Sobha collaborations, reinforcing its leadership in premium vertical mobility solutions.
• November 2025: Mitsubishi Electric completed the acquisition of all shares of AG MELCO Elevator Co. L.L.C., a Dubai-based affiliated elevator company, from Rawafed Almustaqbal Group (a subsidiary of Al Ghurair Investment), making it a wholly owned subsidiary. This move strengthens Mitsubishi Electric's elevator maintenance and renewal operations in the UAE and Middle East, leveraging AG MELCO's 50-year legacy (since 1975) of over 70,000 units installed and 20,000+ projects, amid rising demand in high-rise buildings.

UAE Elevator and Escalator Market Scope:

UAE Elevator and Escalator Market Driver:

Vertical Urban Intensification through Mega Mixed-Use Developments

The primary driver accelerating the UAE’s elevator and escalator market is the purposeful shift toward ultra-dense vertical urbanization across major emirates, most notably Dubai and Abu Dhabi. Rather than expanding city footprints outward, planners and developers are concentrating population, commerce, hospitality, and transport within multi-layered vertical districts that function as self-contained urban ecosystems. This evolution increases dependency on advanced vertical mobility systems, elevating both installation volumes and technological sophistication across the UAE. The structural market momentum includes:

• 2025–26 Burj Khalifa/Dubai Mall Metro Station Expansion: In June 2025, Dubai’s Roads and Transport Authority (RTA), in partnership with Emaar Properties, announced a 65% capacity expansion of this key transit hub (from 6,700 sqm to 8,500 sqm), with escalators and elevators added to boost public movement capacity to approximately 220,000 daily passengers. This intensification reflects broader vertical transport needs triggered by rising footfall linked to adjacent mixed-use districts.
• Dubai Creek Harbour Revitalization (2026): Emaar confirmed plans to restart work on the Dubai Creek Tower within the broader Creek Harbour megaproject, reinforcing vertical urban form and future mixed-use density that will demand high-capacity vertical mobility solutions.
• High-Rise Mixed-Use Landmarks: Completed developments such as One Za’abeel (opened 2024) and Uptown Tower (completed 2023) exemplify the modern vertical paradigm, with integrated residential, commercial, and leisure spaces requiring sophisticated elevator systems.

This reflect how transport-oriented building environments and urban hubs are reshaping demand for elevators and escalators, transforming them into strategic infrastructure rather than conventional building components. This significant momentum is materially driving equipment installations, long-term maintenance contracts, and technology adoption across the UAE’s vertical growth corridors.