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
By Type (Elevator, Escalator), By Service (New Installation, Modernization, Maintenance), By End Users (Residential, Healthcare, Commercial, Retail, Govt. & Transportation, Hospitality, Others), By Geographic Region (Abu Dhabi & Al Ain, Dubai, Sharjah & Northern Emirates), By Competitors (Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Others)
Buildings, Construction, Metals & Mining
"UAE Elevator and Escalator Market, 2021" research report depicts a deep analysis of elevator and escalator markets in UAE. It consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries. It also talks about the market share of various end-users, applications, product types, technologies, competitive benchmarking, etc., for a better understanding of the market.
Elevator Segment Grabbed the Highest Market Share
Based on type, the elevator segment held the largest share in the UAE Elevator and Escalator market in 2019 due to the widespread implementation of residential towers, corporate offices, and hotel chain developments. Further, the renewal of crude oil prices has enhanced the growth of the construction industry, thereby strongly contributing to the market growth, reveals MarkNtel Advisors in their research report, "UAE Elevator and Escalator Market Analysis, 2021."
According to MarkNtel Advisors' research report, "UAE Elevator and Escalator Market Analysis, 2021," the market can grow astronomically at a CAGR of 4% in 2021-26. The growth attributes to the rapid urbanization & installation of elevators in residential & commercial sectors. Moreover, rapidly increasing government initiatives to support big projects, such as investment for Dubai Expo 2021 and construction of Al Maktoum International Airport, would further drive the growth of the UAE Elevator and Escalator market.
Impact of COVID-19
In 2020, the COVID-19 pandemic influenced the elevator and escalator market due to lockdown impositions, thereby disrupting the supply chain and causing a temporary shutdown of various manufacturing units. Therefore, the UAE Elevator and Escalator market witnessed a considerable decline in its growth in 2019.
According to MarkNtel Advisors, the key players with a considerable market share in the UAE elevator and escalator market include Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator, etc. These companies are launching new products and technology to gain an advantage over their competitors.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the UAE Elevator and escalator market?
2. What is the region-wise industry size, growth drivers, challenges, and key market trends?
3. What are the key innovations, opportunities, current & future trends, and regulations in the UAE Elevator and escalator market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the UAE elevator and escalator based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the UAE Elevator and escalator market study?
Market Outlook, Segmentation and Statistics
Impact of COVID-19 on UAE Elevator and Escalator Market
Market Size & Analysis
By Unit Sold
Market Share & Analysis
By End User
Government & Transportation
Abu Dhabi & Al Ain
Sharjah & Northern Emirates
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
UAE Elevator & Escalator Market Regulations, Norms, & Product Standards
UAE Elevator & Escalator Imports Exports Statistics
UAE Elevator & Escalator Market Winning Strategies, 2020
Frequently Asked Questions:
Q. What would be the growth rate or CAGR of UAE Elevator and escalator market during 2021-26?
A. The market size of UAE Elevator and escalator market is projected to grow at a CAGR of 4% during 2021-26.
Q. Which type of elevator and escalator services would grab the highest market share during 2021-26?
A. It is forecast that the elevator segment captured the highest market share in the UAE elevator and escalator market on account of the increasing infrastructure developments in the country.
Q. Who are the key competitors or players operating in UAE Elevator and escalator market?
A. Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator are few of the leading players in the UAE 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 market players of elevator and escalator across UAE.
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. 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
5.2.2. By Service
126.96.36.199. New Installation
5.2.3. By End User
188.8.131.52. Health Care
184.108.40.206. Government & Transportation
5.2.4. By Region
220.127.116.11. Abu Dhabi & Al Ain
18.104.22.168. Sharjah & Northern Emirates
5.2.5. By Company
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. 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
184.108.40.206. 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
220.127.116.11. Moving Walkway
18.104.22.168. Moving Stairs
7.2.2. By Service
7.2.3. By End User
8. UAE Elevator & Escalator Market Attractiveness Indexing