Kuwait Elevator and Escalator Market Analysis, 2020

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), Read more

  • Buildings, Construction, Metals & Mining
  • Dec 2019
  • 136
  • BM44009

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 

  1. 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?
  2. What are the region wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Kuwait Elevator and escalator market?  
  4. Who are the key competitors or market players and how they perform in Kuwait Elevator and Escalator on the basis of competitive benchmarking matrix?
  5. 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
  • 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 .      

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

Kuwait Elevator and Escalator Market Segmentation