UAE Elevator & Escalator Maintenance & Repair Services

UAE Elevator & Escalator Maintenance & Repair Services Market Research Report: Forecast (2022-2027)

By Product Type (Elevator, Escalator and Moving Walkway), By Application (Residential, Commercial, Industrial), By Region (Dubai, Abu Dhabi, Sharjah and Northern Emirates), By Company (Hitachi, Ltd, M Read more

  • Buildings, Construction, Metals & Mining
  • Aug 2022
  • 107
  • BM10209

Market Overview

With the growing number of sky-scrapping buildings across the UAE, the installation of elevators & escalators is mounting swiftly. However, the critical requirement to keep up the efficiency & functionality of these mechanisms is booming, thereby generating a propelling need for maintenance & repair services. These services for elevators & escalators include essential checkups to recognize potential problems beforehand and address them to mitigate dangers and mishaps.

Growing awareness among people about the importance of these services and how their absence or negligence can lead to accidents is stimulating the necessity of elevators & escalators maintenance & repairs services throughout the UAE. It is also why several new entrants and prominent brands are emerging in the country & widening their service offerings, thereby curating the market expansion.

Market Insights

The UAE Elevator and Escalator Maintenance and Repair Services Market are anticipated to grow at a CAGR of around 3.2% during the forecast period, i.e., 2022-27. Most of the market expansion would be driven by the growing government focus on infrastructure developments, demonstrating a rise in the construction & development of sky-scrapping buildings and commercial facilities like airports, shopping malls, and hotels alongside healthcare centers and residential complexes, among others. Such aspects exemplify a rapid utilization of escalators & elevators and directly influence the need for their maintenance & repair services. These parameters are the prominent factors generating lucrative opportunities for the leading players in the industry to widen their service offerings & consumer base throughout the country.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 3.2%
Key Companies Profiled Hitachi, Ltd, Middle East Branch, Kone Middle East LLC, Otis LLC, Schindler Middle East, Al-Futtaim Engineering, Nigma Lifts Installation & Maintenance Co, Thyssenkrupp Elevator, Al Nas Elevator Contracting LLC
Unit Denominations USD Million/Billion

 

The UAE Vision 2030 has various approved & ongoing large-scale projects, including the extension of green & red lines of Dubai Metro, expansion of Al Maktoum International airport, & numerous other residential & commercial projects, signifying a substantial growth of the construction industry & its direct influence on the installation of elevators & escalators and their maintenance & repair services.

Moreover, as the government is actively promoting smart solutions to enhance energy efficiency across different facilities, smart elevators integrated with sensors & other innovative technologies are gaining ground across the UAE in order to keep up the elevator performance by helping users identify when maintenance is required & minimize overall maintenance costs, thereby catering to industry's expansion.

Covid-19 Impact on the UAE Elevator & Escalator Maintenance and Repair Services Market

With the advent of Covid-19 in 2020, the UAE government took significant measures to contain the virus's spread which led to a halt in construction activities owing to the closure of construction sites & public places and labor shortage. As a result, consumers stopped investing in new installations due to financial uncertainty, which severely impacted the Elevator & Escalator Maintenance & Repair Market.

However, the market witnessed recovery after the relaxation of restrictions as the commercial & public places reopened with all the safety measures. The resumption of construction activities entwined with various new projects would boost the installations of elevators & escalators in the coming years and, in turn, their maintenance & repair services.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on UAE Elevator and Escalator Maintenance and Repair Services Market
  4. UAE Elevator and Escalator Maintenance and Repair Services Market Trends & Insights
  5. UAE Elevator and Escalator Maintenance and Repair Services Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  6. UAE Elevator and Escalator Maintenance and Repair Services Market Policies & Regulations
  7. UAE Elevator and Escalator Maintenance and Repair Services Market Key Strategic Imperatives for Success & Growth
  8. UAE Elevator and Escalator Maintenance and Repair Services Market Analysis, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product Type
        1. Elevator
        2. Escalator & Moving Walkway
      2. By Application
        1. Residential
        2. Commercial
        3. Industrial
      3. By Region
        1. Dubai
        2. Abu Dhabi
        3. Sharjah and Northern Emirates
      4. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  9. UAE Elevator Maintenance and Repair Services Market Analysis, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
        1. Hydraulic
        2. Traction
          1. Geared
          2. Gearless
      2. By Application
        1. Residential
        2. Commercial
        3. Industrial
      3. By Speed
        1. Upto 1m/s
        2. 1.1 to 2 m/s
        3. 2 to 3 m/s
        4. Above 3 m/s
  10. UAE Escalator Maintenance and Repair Services Market Analysis, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
        1. Moving Walkway
        2. Moving Stairs
      2. By Application
        1. Residential
        2. Commercial
        3. Industrial
  11. Competition Matrix
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profile (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
      1.  AG MELCO Elevator Co LLC
      2.  Hitachi, Ltd, Middle East Branch
      3.  Kone Middle East LLC
      4.  Otis LLC
      5.  Schindler Middle East
      6.  Al-Futtaim Engineering
      7.  Nigma Lifts Installation & Maintenance Co
      8.  Thyssenkrupp Elevator
      9.  Al Nas Elevator Contracting LLC
      10. Others
  12. Disclaimer
UAE Elevator & Escalator Maintenance & Repair Services Market Segment
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