Saudi Arabia Elevator and Escalator Market to Cross $ 1.25 Billion by 2024
Growing government focus towards development of high rise
infrastructure coupled with urgent need for rapid transit to drive Saudi Arabia
elevator & escalator market
According
to TechSci Research report, “Saudi
Arabia Elevator & Escalator Market By Type, By Service, By Elevator
Technology, By End-User, By Elevator Door Type, Competition, Forecast &
Opportunities, 2024”, Saudi Arabia elevator
& escalator market is projected to reach $ 1.25 billion by 2024 owing to the
rising government investments for the improvement of infrastructure at public
places like railway station, airports, shopping malls, among others.
Additionally, supportive government regulations regarding development of new
infrastructure are expected to propel the market through 2024. However, high
installation costs and lack of skilled labor for after sales maintenance can
hamper the growth of Saudi Arabia elevator & escalator market in the coming
years.
Browse
21 market data Tables and Figures spread through 70
Pages and an in-depth TOC on "Saudi Arabia Elevator &
Escalator Market"
https://www.techsciresearch.com/report/saudi-arabia-elevator-escalator-market/4392.html
The Saudi Arabia elevator & escalator market is segmented based on type,
service, elevator technology, end-user, elevator door type, company and
regional distribution. Based on type, the market can be fragmented into elevator,
escalator and moving walkways. Escalator segment dominates the market
attributable to the growing infrastructural development in the country. Based
on service, the market can be categorized into maintenance & repair, new
installation and modernization. The maintenance & repair segment is
expected to hold a significant market share during the forecast period since
all the new & existing elevators & escalators require routine repair
& maintenance in order to ensure proper functioning. Based on end-user
industry, the market can be segmented into residential, commercial,
institutional, infrastructural and others. The commercial segment is expected
to grow at a significant pace during forecast period, which can be attributed
to the growing demand for high performance, low breakdown, smooth operation and
aesthetically beautiful elevators.
Otis Elevator Company Saudi Arabia
Limited, Schindler Olayan Elevators Co. Ltd, ThyssenKrupp Elevator Saudi
Limited, Mitsubishi Electric Saudi Ltd., Gulf Elevator & Escalator Company
Ltd., Khaled Juffali Elevator & Escalator Co., KONE Saudi Arabia, Orona
elevator co. KSA, Fujitec Saudi Arabia Co., Ltd., Hyundai Elevator Saudi Arabia
and others are some of the leading players operating in Saudi
Arabia elevator & escalator market.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4392
Customers can also
request for 10% free customization on this report.
“Saudi
Arabia elevator & escalator market is projected to witness steady growth during
the forecast period owing to the growing demand from all end use verticals
namely residential, commercial, institutional and infrastructure. Additionally, the joint ventures between domestic companies and
international players are creating a constructive environment, favorable for
the growth of elevator and escalator market in the country during the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Saudi Arabia Elevator & Escalator Market By
Type, By Service, By Elevator Technology, By End-User, By Elevator Door Type,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Saudi
Arabia elevator & escalator market and provides statistics & 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 decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Saudi
Arabia elevator & escalator market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]