Press Release

UAE Elevators Market to Grow at 8% till 2021

Growing disposable income and booming construction market coupled with favorable government initiatives to drive the demand for elevators and escalators by 2021

According to TechSci Research report, UAE Elevators & Escalators Market, By Type of Carriage, By Type of Machinery, By Type of Door, By End Use, Competition Forecast & Opportunities, 2011 – 2021’’, the elevators market in the UAE is projected to grow at a CAGR of 8% during 2016 – 2021. With increasing urbanization, growing construction of high rise buildings, booming real estate sector and surging investments by public as well as private entities for the improvement of public infrastructure are expected to drive the demand for elevators and escalators in the UAE during 2016 – 2021.

Table: Airport Projects in UAE, As of 2016

Project Name

Description

City

Status

Al Maktoum International Airport Expansion Project

Carrying out expansion of an international airport

Dubai

Current Project

Passenger Terminal Building Expansion Project - Al Maktoum International Airport

Carrying out expansion of the existing passenger terminals

Dubai

Current Project

Midfield Terminal Project - Abu Dhabi International Airport Expansion

Construction of a 1.1-kilometer-long terminal building

Abu Dhabi

Current Project

Source: Ministry of Infrastructure and Development

 

Browse 10 market data Tables and 48 Figures spread through 120 Pages and an in-depth TOC on "UAE Elevators & Escalators Market"

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By 2015, passenger elevator segment dominated the UAE elevators market, followed by freight elevators. Increasing number of high rise buildings is driving the demand for passenger elevators across different end user segment including residential, commercial, industrial and government institutions. Major companies operating in the UAE elevators market include ETA Melco, Kone Middle East, Otis, Schindler and ThyssenKrupp, among others. Northern region dominated the UAE elevators market on account of increase in number of infrastructure projects in the region and growing focus on real estate construction.

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“In order to increase focus on infrastructure and urban development, the Government of UAE has taken an initiative to expand the metro lines, and the construction for the same is going on across the country. For instance, Dubai Metro Green Line will be extended in which 11 new metro stations will be added to the route. Moreover, Alstom, ACCIONA and Gulermak signed a contract with Roads & Transport Authority (RTA) to design and build the extension of Dubai’s Red Metro Line. This extension will be completed by 2020 and it will add 12 stations to the Red Line, which currently has 29 stations. All these developments in the country are expected to generate huge demand for elevators and escalators in the country during forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Elevators & Escalators Market, By Type of Carriage, By Type of Machinery, By Type of Door, By End Use, Competition Forecast & Opportunities, 2011 – 2021 has evaluated the future growth potential of UAE elevator and escalators market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in UAE elevators and escalators market.

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Relevant Reports

UAE Elevators & Escalators Market, By Type of Carriage (Passenger, Freight & Others), By Type of Machinery (Hydraulic Vs. Traction), By Type of Door (Manual Vs. Automatic), By End Use, Competition Forecast & Opportunities, 2011 – 2021

ICT | Jan, 2017

Growing disposable income and booming construction market coupled with favorable government initiatives to drive UAE elevators & escalators market by 2021

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