UAE Elevator and Escalator

UAE Elevator and Escalator Market Research Report: Forecast (2021-2026)

By Type (Elevator, Escalator), By Service (New Installation, Modernization, Maintenance), By End Users (Residential, Healthcare, Commercial, Retail, Govt. & Transportation, Hospitality, Others), By Ge Read more

  • Buildings, Construction, Metals & Mining
  • Jan 2022
  • 142
  • BM44020

Market Definition

As high-rise buildings are becoming more common and technology is becoming more affordable in the UAE, elevators & escalators installed within buildings are increasing dramatically. In earlier times, elevators and escalators were just a symbol of luxury, but now they have become an important system for enhancing accessibility.

Market Insights

The UAE Elevator and Escalator Market is anticipated to grow at a CAGR of around 4% during the forecast period, i.e., 2021-26. Stabilizing economic conditions and rapid expansion of social infrastructures are the key factors driving the growth of the Elevator and Escalator Market in the UAE. Besides, the introduction of new transportation & construction projects in the country is also driving the market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 4%
Key Companies Profiled Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Others
Unit Denominations USD Million/Billion

 

Additionally, in line with the UAE Vision 2021, significant investments in Dubai Expo 2020 & approval of other such large-scale projects, including the extension of red & green lines of Dubai metro, expansion of Al Maktoum International Airport, Abu Dhabi Metro, and other residential & commercial projects, shall further boost the installation of new escalators & elevators in the coming years.

Moreover, the flourishing tourism sector of the country is also resulting in an increasing number of constructions like hotels, malls, community centers, etc. This surge in the construction of new infrastructures, coupled with the growing trend of high-rise buildings in the UAE, is expected to boost the demand for elevators and escalators in the coming years.

Impact of Covid-19 on the UAE Elevator and Escalator Market

  • With the government imposing movement restrictions & the shutdown of public gathering places to contain the spread of the disease owing to the Covid-19 pandemic, the UAE Elevator and Escalator Market in 2020 witnessed several adverse effects.
  • These restrictions led to a halt in construction projects and the closure of manufacturing units, especially during the first half of the year, which, in turn, significantly declined the sales of elevators & escalators.
  • Along with this, supply chain disruptions have been another major operational challenge for the elevator & escalator market, which, however, was reduced gradually from the beginning of May last year.
  • Moreover, the partially restricted access to malls & restaurants also negatively influenced the overall market growth amidst the crisis.
  • Nevertheless, the resumption of construction activities and the increasing inflow of tourists in the UAE has augmented new installations of elevators & escalators, coupled with the need for the maintenance of existing ones.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Expert Verbatim- What our Experts Say?

4.     Macroeconomic Outlook

5.     UAE Elevator & Escalator Market Analysis, 2016-2026F

5.1.   Market Size & Analysis

5.1.1. Market Revenues

5.1.2. By Unit Sold

5.2.   Market Share & Analysis

5.2.1. By Type

5.2.1.1.  Elevator

5.2.1.2.  Escalator

5.2.2. By Service

5.2.2.1.  New Installation

5.2.2.2.  Modernization

5.2.2.3.  Maintenance

5.2.3. By End User

5.2.3.1.  Residential

5.2.3.2.  Commercial

5.2.3.3.  Retail

5.2.3.4.  Health Care

5.2.3.5.  Hospitality

5.2.3.6.  Government & Transportation

5.2.3.7.  Others

5.2.4. By Region

5.2.4.1.  Abu Dhabi & Al Ain

5.2.4.2.  Dubai

5.2.4.3.  Sharjah & Northern Emirates

5.2.5. By Company

5.2.5.1.  Revenue Shares

5.2.5.2.  Strategic Factorial Indexing

5.2.5.3.  Competitor Placement in MarkNtel Quadrant

6.     UAE Elevator Market Analysis, 2016- 2026F

6.1.   Market Size & Analysis

6.1.1. Market Revenues

6.1.2. Units Sold

6.2.   Market Share & Analysis

6.2.1. By Type

6.2.1.1.  Traction

6.2.1.2.  Hydraulic

6.2.1.3.  Machine Room less

6.2.3. By Service

6.2.4. By End User

7.     UAE Escalator Market Analysis, 2016- 2026F

7.1.   Market Size & Analysis

7.1.1. Market Revenues

7.1.2. Unit Sold

7.2.   Market Share & Analysis

7.2.1. By Type

7.2.1.1.  Moving Walkway

7.2.1.2.  Moving Stairs

7.2.2. By Service

7.2.3. By End User

8.     UAE Elevator & Escalator Market Attractiveness Indexing

8.1.1. By Type

8.1.2. By Service

8.1.3. By Region

8.1.4. By End User

9.     UAE Elevator & Escalator Market Regulations, Norms, & Product Standards

10.  UAE Elevator & Escalator Market Trends & Developments

11.  UAE Elevator & Escalator Market Dynamics

11.1.Impact Analysis

11.2.Drivers

11.3.Challenges

12.  UAE Elevator & Escalator Imports Exports Statistics

13.  UAE Elevator & Escalator Market Winning Strategies, 2020

13.1.Investment Scenario

13.2.Hotspots

14.  Tax Structure

15.  Competitive Benchmarking

15.1.Competition Matrix

15.1.1. Product Portfolio

15.1.2. Target Markets

15.1.3. Target End Users

15.1.4. Research & Development

15.1.5. Strategic Alliances

15.1.6. Strategic Initiatives

15.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

15.2.1.   Thyssenkrupp Elevator UAE

15.2.2.   Otis Elevator

15.2.3.   AG MELCO Elevator Co. LLC.

15.2.4.   Hyundai Elevator

15.2.5.   Toshiba Elevator and Building Systems Corporation

15.2.6.   Hitachi Elevator

15.2.7.   Kone Middle East LLC

15.2.8.   Fujitec Co. Ltd.

15.2.9.   Schindler Pars International

16.  Disclaimer

UAE Elevator and Escalator Market Segmentation
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