By Type (Elevator, Escalator), By Service (New Installation, Modernization, Maintenance), By End User (Residential, Commercial, Retail, Health Care, Hospitality, Government & Transportation, Others), By Region (Abu Dhabi & Al Ain, Dubai, Sharjah & Northern Emirates), By Company
Buildings, Construction, Metals & Mining
The growing initiatives by the UAE government to boost the infrastructure development, and the upcoming events such as Dubai Expo 2020 have positively impacted the establishment of retail malls in the country. In 2017, the construction of Abu Dhabi’s USD 1.2 billion Reem Mall was commenced, which is expected to be completed by 2020. Moreover, Nakheel and Al Nasr Cultural Sports Club introduced its plan in 2018 to build a USD 81 million mall in Dubai. Therefore, these projects are anticipated to strongly contribute to the growth of UAE Elevator and Escalator market in the years to come.
According to the MarkNtel Advisors’ research report titled “UAE Elevator and Escalator Market Analysis, 2020”, the Elevator and Escalator market is projected to register a CAGR of around 4% during 2020-25. The elevator segment captured the highest market share in the UAE Elevator and Escalator market in 2019 on an account of the extensive infrastructure developments in the country. The revival of crude oil prices after 2017 has positively impacted the construction sector thereby boosting the demand for elevators as several new residential towers, retail malls, corporate offices, and hotels are planned to be built in the country.
Moreover, new installation services segment acquired the highest market share in the overall UAE Elevator and Escalator market in 2019 due to the increasing government initiatives to diversify the economy and boost the investments in the non-oil sector.
As per MarkNtel Advisors’ study, the companies that have captured a significant 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 to gain an advantage over their competitors.
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 UAE 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 UAE Elevator and escalator market?
Who are the key competitors or market players and how they perform in UAE 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 UAE Elevator and escalator market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
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, 2019
Frequently Asked Questions
Q. What would be the growth rate or CAGR of UAE Elevator and escalator market during 2020-25?
A. The market size of UAE Elevator and escalator market during 2020-25 is forecast to be 4%.
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 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 manufacturers and suppliers 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, 2015-2025F
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. Abu Dhabi & Al Ain
220.127.116.11. Sharjah & Northern Emirates
5.2.5. By Company
18.104.22.168. Revenue Shares
22.214.171.124. Strategic Factorial Indexing
126.96.36.199. Competitor Placement in MarkNtel Quadrant
6. UAE Elevator Market Analysis, 2015- 2025F
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
188.8.131.52. Machine Room less
6.2.2. By Speed
6.2.3. By Service
6.2.4. By End User
7. UAE Escalator Market Analysis, 2015- 2025F
7.1. Market Size & Analysis
7.1.1. Market Revenues
7.2. Market Share & Analysis
7.2.1. By Type
184.108.40.206. Moving Walkway
220.127.116.11. Moving Stairs
7.2.2. By Service
7.2.3. By End User
8. UAE Elevator & Escalator Market Attractiveness Indexing