Saudi Arabia elevator & escalator market is expected to grow and $ 1.25 billion by 2024. Rising urbanization, increasing number of high-rise building projects and booming construction and infrastructure sectors are the key factors driving the elevator & escalator market in Saudi Arabia. Additionally, the ageing infrastructure, and consequently, rising requirement for its up-gradation is further expected to propel the elevator and escalator market in the country over the next five years.

Saudi Arabia elevator & escalator market is segmented based on type, service, elevator technology, end-user, elevator door type, company and region. Based on type, the market can be segmented into elevator, escalator and moving walkways. The elevator segment is expected to dominate the market owing to their widespread use in various end user industries. Based on elevator technology, the market can be fragmented into traction, hydraulic and machine room-less traction. The machine room-less traction segment is expected to be the fastest growing segment during forecast period on account of their higher efficiency and smoother ride.

Major players operating in Saudi Arabia elevator & escalator market include 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.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Saudi Arabia elevator & escalator market.
  • To classify and forecast Saudi Arabia elevator & escalator market based on type, service, elevator technology, end use, elevator door type, company and regional distribution.
  • To identify drivers and challenges for Saudi Arabia elevator & escalator market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia elevator & escalator market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia elevator & escalator market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers operating across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia elevator & escalator market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Elevator & escalator manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to elevator & escalator
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia elevator & escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • Market, By Service:
    • Maintenance & Repair
    • New Installation
    • Modernization
  • Market, By Elevator Technology:
    • Traction
    • Hydraulic
    • Machine Room-Less Traction
  • Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others
  • Market, By Elevator Door Type:
    • Automatic
    • Manual
  • Regions:

o   Riyadh

o   Makkah

o   Eastern Province

o   Rest of Saudi Arabia

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia elevator & escalator market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Brand Satisfaction

4.3.  Factors Influencing Purchase Decision

4.4.  Annual Maintenance Service

5.    Saudi Arabia Elevator & Escalator Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Type (Elevator, Escalator and Moving Walkways)

5.2.2. By Service (Maintenance & Repair, New Installation and Modernization)

5.2.3. By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction)

5.2.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)

5.2.5. By Elevator Door Type (Automatic and Manual)

5.2.6. By Region (Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia)

5.2.7. By Company

5.3.  Product Market Mapping

6.    Saudi Arabia Maintenance & Repair Elevator & Escalator Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Type

6.2.2. By End-User

7.    Saudi Arabia New Installation Elevator & Escalator Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Type

7.2.2. By End-User

8.    Saudi Arabia Modernization Elevator & Escalator Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value & Volume

8.2.  Market Share & Forecast

8.2.1. By Type

8.2.2. By End-User

9.    Value Chain Analysis

10.  Import & Export Analysis

11.  Market Dynamics

11.1.  Drivers/Opportunities

11.2.  Challenges/Restraints

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Saudi Arabia Economic Profile

15.  Competitive Landscape

15.1.    Competition Outlook

15.2.    Company Profiles

15.2.1.  Otis Elevator Company Saudi Arabia Limited

15.2.2.  Schindler Olayan Elevators Co. Ltd

15.2.3.  ThyssenKrupp Elevator Saudi Limited

15.2.4.  Mitsubishi Electric Saudi Ltd.

15.2.5.  Gulf Elevator & Escalator Company Ltd.

15.2.6.  Khaled Juffali Elevator & Escalator Co.

15.2.7.  KONE Saudi Arabia

15.2.8.  Orona elevator co. KSA

15.2.9.  Fujitec Saudi Arabia Co., Ltd.

15.2.10. Hyundai Elevator Saudi Arabia

16.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: Saudi Arabia Elevator & Escalator Market Size, By Value, 2014-2024F (USD Million)

    Figure 2: Saudi Arabia Gross Domestic Product, At current price, 2014-2024F (USD Million)

    Figure 3: Saudi Arabia Elevator & Escalator Market Share, By Type, By Value, 2014-2024F

    Figure 4: Saudi Arabia Elevator & Escalator Market Share, By Service, By Value, 2014-2024F

    Figure 5: Saudi Arabia Elevator & Escalator Market Share, By Elevator Technology, By Value, 2014-2024F

    Figure 6: Saudi Arabia Elevator & Escalator Market Share, By End User, By Value, 2014-2024F

    Figure 7: Saudi Arabia Elevator & Escalator Market Share, By Elevator Door Type, By Value, 2014-2024F

    Figure 8: Saudi Arabia Elevator & Escalator Market Share, By Region, By Value, 2018 & 2024F

    Figure 9: Saudi Arabia Elevator & Escalator Market Share, By Company, 2018

    Figure 10: Saudi Arabia Maintenance & Repair Service Market Size, By Value, 2014-2024F (USD Million)

    Figure 11: Saudi Arabia Construction Industry Growth Rate, 2014-2018

    Figure 12: Saudi Arabia Maintenance & Repair Service Market Share, By Type, By Value, 2014-2024F

    Figure 13: Saudi Arabia Maintenance & Repair Service Market Share, By End-User, By Value, 2014-2024F

    Figure 14: Saudi Arabia New Installation Service Market Size, By Value, 2014-2024F (USD Million)

    Figure 15: Saudi Arabia Upcoming Construction Projects, 2018

    Figure 16: Saudi Arabia New Installation Service Market Share, By Type, By Value, 2014-2024F

    Figure 17: Saudi Arabia New Installation Service Market Share, By End-User, By Value, 2014-2024F

    Figure 18: Saudi Arabia Modernization Service Market Size, By Value, 2014-2024F (USD Million)

    Figure 19: Saudi Arabia Economic City Details

    Figure 20: Saudi Arabia Modernization Service Market Share, By Type, By Value, 2014-2024F

    Figure 21: Saudi Arabia Modernization Service Market Share, By End-User, By Value, 2014-2024F