Kuwait Elevator and Escalator Market Analysis, 2020
By Type (Elevator, Escalator), By Service (New Installation, Modernization, Maintenance), By End User (Residential, Commercial, Retail, Health Care, Hospitality, Government & Transportation, Others), By Region (West, East, Central, South), By Company
Buildings, Construction, Metals & Mining
A decline in crude oil prices after 2014 had a negative impact on the construction sector in the Middle East region, thereby causing slow growth in the Kuwait Elevator and Escalator market. However, the revival of crude oil prices in 2017 strongly contributed to the growth of the construction industry, thereby further boosting the demand for elevators and escalators.
According to the MarkNtel Advisors’ research report titled “Kuwait Elevator and Escalator Market Analysis, 2020”, the Elevator and Escalator market is projected to register a CAGR of around 5% during 2020-25. The elevator segment captured the highest market share in the Kuwait Elevator and Escalator market in 2019. The maximum market share is due to an increasing establishment of residential towers, hotels, corporate offices, etc.
Moreover, the new installation service acquired a significant market share in the Kuwait Elevator and Escalator market in 2019 due to increasing initiatives by the government such as the introduction of Kuwait Vision 2035 for boosting the infrastructure development.
As per MarkNtel Advisors’ study, the companies that have captured a significant market share in the Kuwait Elevator and Escalator market include AG Melco Elevator, Hitachi, Hyundai, Kone, Otis, Thyssenkrupp, etc. The companies are increasing gaining contracts for providing their products to the new facilities that are being established in the country.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Kuwait Elevator and Escalator market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Kuwait Elevator and escalator market?
Who are the key competitors or market players and how they perform in Kuwait Elevator and Escalator on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Kuwait Elevator and Escalator market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
Government & Transportation
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
Kuwait Elevator & Escalator Market Regulations, Norms, & Product Standards
Kuwait Elevator & Escalator Imports Exports Statistics
Kuwait Elevator & Escalator Market Winning Strategies
Frequently Asked Questions
Q. What would be the growth rate or CAGR of KUWAIT Elevator and escalator market during 2020-25?
A. The market size of Kuwait Elevator and escalator market during 2020-25 is forecast to be 5%.
Q. Which type of Elevator and Escalator services would grab the highest market share during 2020-25?
A. It is forecast that the elevator segment captured the highest market share in the Kuwait elevator and escalator market on account of the increasing infrastructure developments in the country.
Q. Who are the key competitors or players operating in Kuwait Elevator and Escalator market?
A. AG Melco Elevator, Hitachi, Hyundai, Kone, Otis, Thyssenkrupp are few of the leading players in the Kuwait 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 manufacturers and suppliers of elevator and escalator across Kuwait .
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macroeconomic Outlook
5. Kuwait Elevator & Escalator Market Analysis (2015-2025)
5.1. Market Size & Analysis
5.1.1. Market Revenues
5.2. Market Share & Analysis
5.2.1. By Type
5.2.2. By Service
22.214.171.124. New Installation
5.2.3. By End-User
126.96.36.199. Health Care
188.8.131.52. Government & Transportation
5.2.4. By Region
184.108.40.206. Al Asimah
220.127.116.11. Al Farwaniya
18.104.22.168. Al Ahmadi
22.214.171.124. Al Jahra
5.2.5. By Company
126.96.36.199. Revenue Shares
188.8.131.52. Strategic Factorial Indexing
184.108.40.206. Competitor Placement in MarkNtel Quadrant
6. Kuwait Elevator Market Analysis (2015- 2025)
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
220.127.116.11. Machine Roomless
6.2.2. By Service
6.2.3. By Speed
6.2.4. By End-User
7. Kuwait Escalator Market Analysis (2015- 2025)
7.1. Market Size & Analysis
7.1.1. Market Revenues
7.2. Market Share & Analysis
7.2.1. By Type
18.104.22.168. Moving Walkway
22.214.171.124. Moving Stairs
7.2.2. By Service
7.2.3. By End-User
8. Kuwait Elevator & Escalator Market Attractiveness Indexing