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 & Trans...portation, Others), By Region (West, East, Central, South), By Company Read more
- Buildings, Construction, Metals & Mining
- Dec 2019
- Pages 136
- Report Format: PDF, Excel, PPT
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 Revenues
- 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
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Al Jahra
- By Company
- Revenue Shares
- Strategic Factorial Indexing
- Competitor Placement in MarkNtel Quadrant
- By Type
- Kuwait Elevator & Escalator Market Regulations, Norms, & Product Standards
- Kuwait Elevator & Escalator Imports Exports Statistics
- Kuwait Elevator & Escalator Market Winning Strategies
- Tax Structure
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 .
Frequently Asked Questions
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. 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
5.2.1.1. 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. Al Asimah
5.2.4.2. Al Farwaniya
5.2.4.3. Hawalli
5.2.4.4. Al Ahmadi
5.2.4.5. Al Jahra
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. 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
6.2.1.1. Traction
6.2.1.2. Hydraulic
6.2.1.3. 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
7.2.1.1. Moving Walkway
7.2.1.2. Moving Stairs
7.2.2. By Service
7.2.3. By End-User
8. Kuwait 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. Kuwait Elevator & Escalator Market Regulations, Norms, & Product Standards
10. Kuwait Elevator & Escalator Market Trends & Developments
11. Kuwait Elevator & Escalator Market Dynamics
11.1.Impact Analysis
11.2.Drivers
11.3.Challenges
12. Kuwait Elevator & Escalator Imports Exports Statistics
13. Kuwait Elevator & Escalator Market Winning Strategies, 2019
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 Kuwait
15.2.2. Otis Elevator
15.2.3. Hyundai Elevator
15.2.4. Hitachi Elevator
15.2.5. Kone Middle East LLC
15.2.6. Fujitec Co. Ltd.
15.2.7. AG Melco Elevator
15.2.8. Schindler
16. Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
