Report Description

Forecast Period


Market Size (2023)

USD 907.52 Million

Market Size (2029)

USD 1293.05 Million

CAGR (2024-2029)


Fastest Growing Segment


Largest Market


Market Overview

UAE Elevators and Escalators Market has valued at USD 907.52 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.92% through 2029. The UAE is experiencing significant urbanization, with the growth of its cities and population. This urbanization leads to increased demand for residential, commercial, and mixed-use buildings, many of which require elevators and escalators for efficient vertical transportation.

Key Market Drivers

Rapid Urbanization and Infrastructure Development

One of the primary drivers of the Elevators and Escalators market in the United Arab Emirates (UAE) is the country's rapid urbanization and ambitious infrastructure development projects. As the UAE's cities continue to grow and expand, the demand for vertical transportation solutions, such as elevators and escalators, is on the rise.

The UAE has witnessed significant population growth over the past few decades, driven by a combination of natural population increase and immigration. This demographic growth has led to increased housing and commercial construction, which, in turn, fuels the demand for elevators and escalators. Moreover, the development of master-planned communities and megaprojects like Dubai Expo 2020 and the UAE Vision 2021 are creating new opportunities for vertical transportation solutions.

Furthermore, the UAE's commitment to becoming a global business and tourism hub has resulted in numerous high-rise buildings and multi-story shopping centers, hotels, and airports. These structures require efficient and reliable vertical transportation systems to ensure the smooth movement of people. As a result, real estate developers and construction companies are investing heavily in elevators and escalators to meet the growing demands of these modern urban environments.

In addition to the domestic market, the UAE has positioned itself as a regional trade and logistics hub. This status has led to the development of industrial and logistics facilities, which also require elevators and escalators for material handling and workforce mobility. This diverse range of infrastructure and urbanization projects makes the UAE a fertile ground for elevator and escalator manufacturers and service providers.

In conclusion, the rapid urbanization and infrastructure development in the UAE are key drivers of the Elevators and Escalators market, as the growing population and numerous construction projects increase the demand for vertical transportation solutions. This trend is expected to continue as the country strives to position itself as a global economic and tourism center.

Strict Safety Regulations and Compliance

Another significant driver of the Elevators and Escalators market in the UAE is the strict safety regulations and compliance standards enforced by the government. The UAE places a high emphasis on the safety and reliability of vertical transportation systems to protect the well-being of its residents, tourists, and workers.

To ensure the safety of elevators and escalators, the UAE government has implemented and rigorously enforces comprehensive safety standards and regulations. These regulations cover various aspects, including the design, installation, maintenance, and inspection of elevators and escalators. Compliance with these standards is mandatory, and the government regularly conducts inspections to ensure that all vertical transportation systems meet the required safety criteria.

The UAE's commitment to safety standards creates a booming market for elevator and escalator companies that specialize in state-of-the-art safety technology and services. Manufacturers must continuously innovate and adapt their products to meet or exceed these stringent requirements. This drives research and development, leading to the introduction of safer and more reliable elevator and escalator systems.

Elevator and escalator service providers also play a crucial role in ensuring compliance. Regular maintenance, inspections, and modernization of existing systems are necessary to keep them in line with the latest safety standards. This leads to a growing demand for maintenance contracts and modernization services, which are essential components of the elevator and escalator market in the UAE.

In conclusion, the strict safety regulations and compliance standards in the UAE are a vital driver of the Elevators and Escalators market. These regulations create a demand for cutting-edge safety solutions, innovative technologies, and maintenance services that cater to the safety-conscious environment of the country.

Tourism and Hospitality Industry Growth

The tourism and hospitality industry's growth is a third significant driver of the Elevators and Escalators market in the UAE. The country's relentless efforts to position itself as a global tourist destination have led to the construction of numerous high-end hotels, resorts, and entertainment complexes, all of which require efficient vertical transportation systems to cater to the needs of guests and visitors.

Tourism is a cornerstone of the UAE's economy, with cities like Dubai and Abu Dhabi attracting millions of tourists each year. This has driven the construction of iconic landmarks, such as the Burj Khalifa and Palm Jumeirah, as well as luxury hotels and shopping malls. All of these structures rely on elevators and escalators to provide seamless and comfortable mobility for guests and visitors.

The UAE's ambition to host international events, conferences, and exhibitions further fuels the growth of the tourism and hospitality sector. Events like the Dubai Expo 2020 and Abu Dhabi Grand Prix draw large crowds, requiring additional accommodation and transportation infrastructure. The demand for high-quality elevators and escalators in such venues is substantial, creating opportunities for both manufacturers and service providers.

Moreover, the rise of the sharing economy and short-term rentals has led to the construction of residential buildings with luxury amenities and services, including high-quality vertical transportation. These developments cater to tourists and business travelers seeking unique and premium accommodation options.

In conclusion, the growth of the tourism and hospitality industry in the UAE is a significant driver of the Elevators and Escalators market. The continued expansion of this sector, along with the development of new tourism-related infrastructure, ensures a steady demand for advanced vertical transportation solutions to meet the needs of both tourists and residents alike.

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Key Market Challenges

Intense Competition in a Mature Market

One of the primary challenges facing the Elevators and Escalators market in the United Arab Emirates (UAE) is the intense competition within the industry. The market is considered mature, with numerous local and international manufacturers and service providers vying for a share of the business. This saturation can make it difficult for both established companies and newcomers to thrive.

Local companies in the UAE, such as Gulf Elevators and Escalators, have a strong presence in the market, offering customized solutions tailored to the unique requirements of the region. At the same time, international giants like Otis, KONE, and Schindler also operate in the UAE, leveraging their global reputations and expertise in the field.

The competitive landscape is further complicated by the fact that many local and international companies offer similar products and services. To stand out, businesses must invest in research and development, innovation, and customer-centric services. This competition-driven need for continuous improvement is a major challenge for companies operating in the UAE Elevators and Escalators market.

Moreover, the competitive nature of the market can lead to price wars, potentially lowering profit margins and impacting the ability of companies to invest in research, development, and safety enhancements. To succeed in such an environment, businesses need to find ways to differentiate themselves through value-added services, technology innovations, and superior customer support.

Regulatory Compliance and Safety

While strict safety regulations are a driver of the UAE Elevators and Escalators market, they also pose a significant challenge for industry players. Compliance with these regulations requires substantial investments in terms of time, resources, and expertise.

The UAE government enforces stringent safety standards for elevators and escalators to ensure the well-being of residents, visitors, and workers. Compliance covers all stages, from installation and maintenance to inspections and modernization. This means that companies in the industry must have a deep understanding of local regulations and a commitment to upholding safety standards.

Frequent inspections by government authorities can be disruptive, potentially leading to downtime and financial penalties if any safety issues are identified. Companies must allocate resources to ensure that their products and services consistently meet or exceed these regulations.

Additionally, the ever-evolving nature of safety standards necessitates ongoing investment in research and development to stay ahead of regulatory changes. This commitment to safety can be a significant financial burden for businesses operating in the UAE Elevators and Escalators market.

Economic Uncertainty and Market Volatility

The UAE's economy is susceptible to fluctuations in oil prices, global economic conditions, and geopolitical factors, which can impact the Elevators and Escalators market. Economic uncertainty and market volatility represent a significant challenge for businesses in this industry.

he UAE has historically relied on oil revenues to fund its ambitious infrastructure projects and economic diversification efforts. Fluctuations in oil prices can directly impact the government's ability to invest in large-scale construction projects, which, in turn, affects the demand for elevators and escalators. In times of economic downturn, the construction sector may experience reduced activity, leading to a decline in demand for vertical transportation systems.

Moreover, the interconnectedness of the global economy means that external factors, such as trade disputes or geopolitical tensions, can influence investor confidence and impact the UAE's economy. Uncertainty in the global market can lead to delayed or canceled construction projects, affecting the elevator and escalator industry.

To mitigate the challenges associated with economic uncertainty and market volatility, businesses must adopt strategies for diversification, including expanding into other regional markets or offering a broader range of products and services. Additionally, maintaining financial flexibility and resilience is crucial to weathering economic downturns and market fluctuations.

In conclusion, intense competition, regulatory compliance, and economic uncertainty represent significant challenges in the UAE Elevators and Escalators market. Companies in this sector must be innovative, adaptable, and financially prepared to navigate these obstacles successfully.

Key Market Trends

Smart Elevators and Escalators Revolutionizing Vertical Transportation

One notable trend in the UAE's Elevators and Escalators market is the rapid adoption of smart technologies and IoT (Internet of Things) solutions to enhance the efficiency, safety, and user experience of vertical transportation systems. Smart elevators and escalators are changing the landscape of this industry, making them more than just modes of transportation but integral components of modern smart buildings and urban infrastructure.

Smart elevators and escalators in the UAE are equipped with advanced sensors, connectivity features, and data analytics capabilities. They can adapt to user needs in real time, optimizing traffic flow, reducing waiting times, and providing predictive maintenance. For instance, these systems can adjust their operations based on factors like traffic patterns, user preferences, and energy efficiency goals.

In addition to improving efficiency, smart elevators and escalators enhance safety and security. They can monitor system performance and detect anomalies or potential issues, enabling proactive maintenance. In emergency situations, these systems can swiftly respond, evacuating passengers to safety and communicating with emergency services. Smart technologies also facilitate touchless access control and social distancing measures, which have become increasingly important in a post-pandemic world.

Smart elevators and escalators are particularly relevant in the UAE's growing urban areas, where high-rise buildings and extensive public transportation networks are common. These technologies align with the country's vision of smart cities and sustainable development. As urbanization continues, the adoption of smart vertical transportation systems is expected to increase, offering residents, businesses, and government authorities the benefits of efficiency, safety, and sustainability.

Eco-Friendly and Energy-Efficient Vertical Transportation Solutions

Another prominent trend in the UAE's Elevators and Escalators market is the emphasis on eco-friendly and energy-efficient vertical transportation solutions. As the UAE places a growing focus on sustainability and environmental conservation, elevators and escalators are evolving to reduce their carbon footprint and energy consumption.

In line with the UAE's commitment to sustainability, many new construction projects and building renovations prioritize green building certifications, such as LEED (Leadership in Energy and Environmental Design) and Estidama. These certifications promote sustainable design, energy efficiency, and responsible resource usage. Elevators and escalators are essential components for achieving these goals, as they can account for a significant portion of a building's energy consumption.

Manufacturers in the UAE's market are responding to this trend by designing and producing elevators and escalators that consume less energy and utilize regenerative technologies. These systems are capable of harnessing energy during descent and then reusing it during ascent, effectively reducing energy consumption. Additionally, advanced control systems ensure that elevators and escalators operate only when necessary, further optimizing energy use.

Beyond energy efficiency, eco-friendly materials and designs are becoming more prevalent. Manufacturers are using sustainable materials in their construction and implementing features like LED lighting, low-VOC (Volatile Organic Compound) paints, and efficient HVAC systems in elevator cabins and escalator structures.

As a result of these trends, the UAE's Elevators and Escalators market is experiencing a shift towards greener, more energy-efficient solutions. This trend not only aligns with global environmental goals but also responds to the UAE's growing awareness of the importance of sustainable practices in all aspects of infrastructure and construction. It is expected that this focus on eco-friendly vertical transportation systems will continue to shape the industry in the years to come, contributing to a more sustainable and environmentally responsible urban landscape in the UAE.

Segmental Insights

End User Insights

The Commercial segment is projected to experience rapid growth during the forecast period. The commercial segment within the UAE's Elevators and Escalators market caters to the specific needs, challenges, and opportunities related to the installation, modernization, maintenance, and repair of vertical transportation systems in commercial buildings. These buildings can include office complexes, shopping malls, hotels, restaurants, retail centers, and other public or private commercial spaces.

The commercial segment in the UAE is a significant part of the elevator and escalator market due to the country's rapid urbanization and continuous development of commercial properties. The growth of the hospitality and retail sectors has contributed to an increased demand for vertical transportation solutions.

The UAE has a strong focus on energy efficiency and sustainability. Commercial properties are increasingly looking to upgrade elevator and escalator systems with energy-efficient components to reduce operational costs and environmental impact.

Elevator systems in commercial buildings are being integrated with the broader smart building ecosystem. This integration allows for access control, security, and real-time monitoring, contributing to a seamless building management experience.

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Regional Insights

Dubai is expected to be the dominating region during the forecast period. Dubai's thriving tourism and hospitality industry drives the construction of hotels, resorts, malls, and entertainment complexes. Elevators and escalators are essential for providing seamless mobility within these facilities.: Dubai hosted Expo 2020, a significant international event that brought in millions of visitors. The event required enhanced infrastructure, including vertical transportation systems, to accommodate the influx of tourists.

Dubai places a strong emphasis on sustainability and green building practices. Elevator and escalator systems in new developments are often required to meet eco-friendly and energy-efficient standards. The Dubai government enforces stringent safety and accessibility regulations for elevators and escalators, ensuring compliance is a key driver of the market.

Dubai is known for its architectural innovation, and elevators and escalators must often be customized to meet the unique structural and aesthetic requirements of these iconic buildings. As part of Dubai's smart city initiatives, elevators and escalators are integrated into the broader smart building ecosystem, contributing to advanced features and real-time monitoring.

Dubai's diverse economy, which includes finance, trade, and real estate, continues to attract businesses and expatriates, leading to increased construction and the need for vertical transportation solutions.

The need for customized systems to match Dubai's unique architectural designs creates opportunities for companies specializing in tailored solutions. As Dubai continues to attract tourists and host international events, the demand for vertical transportation systems in hotels and entertainment complexes will remain strong.

In summary, Dubai's Elevators and Escalators market is driven by a mix of factors, including urban development, tourism, sustainability, and architectural innovation. The market is characterized by high standards, intense competition, and opportunities for customization and technological advancement. Understanding the unique dynamics of Dubai's market is essential for success in this vibrant and dynamic city.

Recent Developments

  • In September 2023, Kone announced that it had won a contract to supply and install elevators and escalators for the new Dubai International Airport Terminal 4.

Key Market Players

  • KONE Corporation
  • Schindler Holding Ltd.
  • Otis Worldwide Corporation
  • TK Elevator GmbH
  • Mitsubishi Electric Corporation
  • Hyundai Elevator
  • Omega Elevators
  • Al-Futtaim Group company 
  • Elevators & Escalators Company LLC    

By Type

By Elevator Door Type

By Elevator Technology

By Service

By End User

By Region

  • Elevator
  • Escalator
  • Moving Walkways
  • Automatic
  • Manual
  • Traction
  • Machine Room-Less Traction
  • Hydraulic
  • Modernization and Maintenance & Repair
  • New Installation
  • Residential
  • Commercial
  • Infrastructural
  • Institutional
  • Others
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Rest of UAE


Report Scope:

In this report, the UAE Elevators and Escalators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • UAE Elevators and Escalators Market, By Type:

o   Elevator

o   Escalator

o   Moving Walkways   

  • UAE Elevators and Escalators Market, By Elevator Door Type:

o   Automatic

o   Manual 

  • UAE Elevators and Escalators Market, By Elevator Technology:

o   Traction

o   Machine Room-Less Traction

o   Hydraulic   

  • UAE Elevators and Escalators Market, By Service:

o   Modernization and Maintenance & Repair

o   New Installation    

  • UAE Elevators and Escalators Market, By End User:

o   Residential

o   Commercial

o   Infrastructural

o   Institutional

o   Others      

  • UAE Elevators and Escalators Market, By Region:

o   Dubai

o   Abu Dhabi

o   Sharjah 

Rest of UAE   

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the UAE Elevators and Escalators Market.

Available Customizations:

UAE Elevators and Escalators Market report with the given market data, Tech Sci 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).

UAE Elevators and Escalators Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on UAE Elevators and Escalators Market

5.         Voice of Customer

6.         UAE Elevators and Escalators Market Overview

7.         UAE Elevators and Escalators Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Type (Elevator, Escalator and Moving Walkways)  By Elevator Door Type (Automatic and Manual)  By Elevator Technology (Traction, Machine Room-Less Traction and Hydraulic)

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

7.2.3.By End User (Residential, Commercial, Infrastructural, Institutional, and Others) By Region (Dubai, Abu Dhabi and Sharjah)

7.4.    By Company (2023)

7.5.     Market Map

8.         UAE Modernization and Maintenance & Repair Elevators and Escalators Solutions Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By End User

8.2.3. By Region

9.         UAE New Installation Elevators and Escalators Service Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By End User

9.2.3.By Region

10.      Market Dynamics

10.1. Drivers

10.2. Challenges

11.      Market Trends and Developments

12.      Company Profiles

12.1.  KONE Corporation

12.1.1.     Business Overview

12.1.2.     Key Revenue and Financials 

12.1.3.     Recent Developments

12.1.4.     Key Personnel/Key Contact Person

12.1.5.     Key Product/Services Offered

12.2.  Schindler Holding Ltd.

12.2.1.     Business Overview

12.2.2.     Key Revenue and Financials 

12.2.3.     Recent Developments

12.2.4.     Key Personnel/Key Contact Person

12.2.5.     Key Product/Services Offered

12.3.  Otis Worldwide Corporation

12.3.1.     Business Overview

12.3.2.     Key Revenue and Financials 

12.3.3.     Recent Developments

12.3.4.     Key Personnel/Key Contact Person

12.3.5.     Key Product/Services Offered

12.4.  TK Elevator GmbH

12.4.1.     Business Overview

12.4.2.     Key Revenue and Financials 

12.4.3.     Recent Developments

12.4.4.     Key Personnel/Key Contact Person

12.4.5.     Key Product/Services Offered

12.5.  Mitsubishi Electric Corporation

12.5.1.     Business Overview

12.5.2.     Key Revenue and Financials 

12.5.3.     Recent Developments

12.5.4.     Key Personnel/Key Contact Person

12.5.5.     Key Product/Services Offered

12.6.  Hyundai Elevator

12.6.1.     Business Overview

12.6.2.     Key Revenue and Financials 

12.6.3.     Recent Developments

12.6.4.     Key Personnel/Key Contact Person

12.6.5.     Key Product/Services Offered

12.7.  FUJITEC CO., LTD.

12.7.1.     Business Overview

12.7.2.     Key Revenue and Financials 

12.7.3.     Recent Developments

12.7.4.     Key Personnel/Key Contact Person

12.7.5.     Key Product/Services Offered

12.8.  Omega Elevators

12.8.1.     Business Overview

12.8.2.     Key Revenue and Financials 

12.8.3.     Recent Developments

12.8.4.     Key Personnel/Key Contact Person

12.8.5.     Key Product/Services Offered

12.9.  Al-Futtaim Group company 

12.9.1.     Business Overview

12.9.2.     Key Revenue and Financials 

12.9.3.     Recent Developments

12.9.4.     Key Personnel/Key Contact Person

12.9.5.     Key Product/Services Offered

12.10.   Elevators & Escalators Company LLC

12.10.1.   Business Overview

12.10.2.   Key Revenue and Financials 

12.10.3.   Recent Developments

12.10.4.   Key Personnel/Key Contact Person

12.10.5.   Key Product/Services Offered

13.      Strategic Recommendations

14.      About Us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the UAE Elevators and Escalators Market was USD 907.52 million in 2023.


The Commercial segment demonstrated significant dominance in 2023. The commercial segment within the UAE's Elevators and Escalators market caters to the specific needs, challenges, and opportunities related to the installation, modernization, maintenance, and repair of vertical transportation systems in commercial buildings. These buildings can include office complexes, shopping malls, hotels, restaurants, retail centers, and other public or private commercial spaces.


In 2023, Dubai dominated the UAE Elevators and Escalators Market due to its extensive high-rise construction, booming real estate sector, significant infrastructure investments, and rapid urbanization.


The major drivers for the UAE Elevators and Escalators Market are rapid urbanization, infrastructural development, high-rise building projects, government investments, and technological advancements in smart and energy-efficient systems.


Srishti Verma

Business Consultant
Press Release

UAE Elevators and Escalators Market is expected to grow at a robust CAGR of 5.92% Through 2029

Jun, 2024

UAE Elevators and Escalators Market is expected to grow owing to requirement from diverse industries including tourism, real estate, and commerce, contributes to increased construction activities thr