UAE Elevator & Escalator Maintenance and Repair Services Market to be Dominated by Traction Elevator Technology Segment through 2028

According to TechSci Research report, “UAE Elevator & Escalator Maintenance and Repair Services Market – By Region, Competition, Forecast, and Opportunities, 2028.  The UAE elevator & escalator maintenance and repair services market is expected to rise in the upcoming years due to increasing megaprojects in the nation and the increasing commercial construction activities in the United Arab Emirates.

Hospitals, government, federal, municipal, and many more important institutions are some examples of institutional building end users. Institutional buildings have focused a lot of effort on upgrading outdated traditional elevators with advanced technology-based elevator systems. The continuous improvement and innovation in elevators and escalators such as machine room-less (MRL), smart elevator systems, and elevator monitoring systems are further increasing the utilization of elevators in various industries. On average, the life expectancy of a generally installed elevator is 20 years which requires several durations of maintenance services. The traditional elevators and escalators are not highly effective and require huge amounts of money to buy, therefore the requirement for repair and maintenance has become essential for small and medium-sized enterprises. In addition, the ease of lifestyle and the proliferation of elevators and escalators in smart cities developments in various emerging economies has been attributed to the market growth in the forecasting period. Furthermore, the integration of advanced technology and sensors in the modern elevator has proliferated the adoption of predictive maintenance for elevator & escalator systems which is enabling enterprises for regular maintenance services and avoid technical loss or damages.

The construction of Dubai's infrastructure has been funded in large part by the government, which has led to a boom in the city's tourist and hospitality sectors. Such investments have been made with the dual objectives of drawing visitors and preparing the country for the global event Dubai Expo 2020, which was finished in March 2022, anticipating foreign investments in the country. Policies like the "Dubai Tourism Strategy 2025" and the "Dubai 2040 Urban Master Plan" aim to increase the number of tourists who visit Dubai and to improve the nation's tourism and hospitality infrastructure by 134%, boosting the tourism and hospitality industry in the UAE. The World Travel and Tourism Council predicts that in 2027, the travel and tourism sector in the UAE would generate revenues of approximately 72 billion USD and contribute 12.7% to nation’s GDP. Thus, it is anticipated that the growth of the UAE elevator & escalator maintenance and repair services market is expected to be driven by a developing tourist and hospitality industry in the upcoming years.

Additionally, Sharjah is being significantly impacted by the growth of industrial zones, new tourism projects, retail infrastructure, and the increasing residential sector in the region. The Moon Retreat in Mleiha, Al Suhub Rest House in Khorfakkan, Kalba Waterfront, and other key tourism-related projects have all been declared by the Sharjah Commerce and Tourism Development Authority (SCTDA). Therefore, the UAE elevator & escalator maintenance and repair services market is expected to boost in the upcoming years.

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The UAE elevator & escalator maintenance and repair services market is divided into type, end user, company, and region. Based on type, the market is segmented into elevator, escalator, and moving walkways. Furthermore, the elevator subsegment is fragmented into elevator technology, which is further divided into hydraulic and traction. Additionally, elevator subsegment is divided into elevator door type and it is further segmented into automatic and manual.  Based on end user, the market is segmented into residential, commercial, institutional, infrastructural, and others. Based on region, the market is segmented into Dubai, Abu Dhabi, Sharjah, and the rest of UAE.

Based on elevator technology, the UAE elevator & escalator maintenance and repair service market is segmented into hydraulic and traction. The traction elevator technology segment is expected to rise in the upcoming year 2024-2028F. The increasing inclination of facility owners to build effective elevators is the main cause of this increase in demand for these elevators. Additionally, entwined to the expanding awareness of these kinds' advantages, which include lower energy usage, smoother rides, higher speeds, & the potential to support tall buildings such as skyscrapers.

Based on the end user, the UAE elevator & escalator maintenance and repair services is segmented into residential, commercial, institutional, infrastructural, and others. The commercial end-user segment is expected to boost in the upcoming years due to the ongoing need for effectively operating escalators & elevators in commercial settings where maintenance is a regular requirement. In addition, many escalators and elevators deployed in workplaces, shopping centres, hospitals, hotels, and public places, consentaneously in use which causes constant wear and strain on the equipment. Therefore, the commercial segment requires a proper maintenance service plan to avoid spending massive amounts in one go and preventing dangers. In addition, the growing usage of the cloud and other advanced technologies including the Internet of Things (IoT) in escalators and elevators is helping to improve their maintenance services throughout malls, hospitals, and other such venues, which is propelling the market throughout the UAE's commercial sector.

Key market players in the UAE elevator & escalator maintenance and repair services market include:

• AG MELCO Elevator Co. L.L.C
• Hitachi Ltd Middle East Branch
• KONE UAE
• Otis UAE
• Schindler Middle East & North Africa
• Al-Futtaim Engineering & Technologies
• Nigma Lifts Installation & Maintenance Company LLC
• TK Elevator UAE
• Euro Electromechanical Equipment Fixing Contr LLC
• Al Nas Elevator Contracting LLC

 

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“The UAE elevator & escalator maintenance and repair services market is expected to rise in the upcoming years due to the expansion of the road & railways network, increasing megaprojects in the nation, increasing commercial construction activities in the United Arab Emirates, rapid urbanization, increasing installation of elevators across commercial & residential sectors, and stringent regulations to ensure public safety among others across the country. The UAE’s government has granted various infrastructure projects across the country, to enhance the market for elevator and escalator maintenance & repair. These investment initiatives has increased the number of housing units in the Abu Dhabi emirate with new homes being built at Saadiyat Island, Yas Island, Al Reem Island, Madinat Zayed, and other locations. Therefore, the demand for the elevator & escalator maintenance and repair services market in UAE is projected to rise in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“UAE Elevator & Escalator Maintenance and Repair Services Market Segmented By Type (Elevator {By Elevator Technology (Hydraulic and Traction), By Elevator Door Type (Automatic and Manual)}, Escalator, and Moving Walkways), By End User (Residential, Commercial, Institutional, Infrastructural, and Others), By Region, Competition, Forecast, and Opportunities, 2028”, has evaluated the future growth potential of elevator & escalator maintenance and repair services and provides statistics and information on market structure, size, share, and future 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 the UAE elevator & escalator maintenance and repair services market.

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