| Product Code: ETC9164842 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Saudi Arabia elevator motors market, imports experienced a notable growth trend from 2023 to 2024, with a growth rate of 24.61%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 12.51%. This surge in imports can be attributed to a significant uptick in demand for elevator motors, potentially driven by infrastructure development projects or modernization initiatives within the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Elevator Motors Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Elevator Motors Market Revenues & Volume, 2022 & 2032F |
3.3 Saudi Arabia Elevator Motors Market - Industry Life Cycle |
3.4 Saudi Arabia Elevator Motors Market - Porter's Five Forces |
3.5 Saudi Arabia Elevator Motors Market Revenues & Volume Share, By Category, 2022 & 2032F |
3.6 Saudi Arabia Elevator Motors Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.7 Saudi Arabia Elevator Motors Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Saudi Arabia Elevator Motors Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
4 Saudi Arabia Elevator Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development in Saudi Arabia leading to a higher demand for elevators. |
4.2.2 Focus on energy-efficient solutions and sustainability driving the adoption of modern elevator motors. |
4.2.3 Government initiatives promoting construction projects and smart cities development influencing the elevator motors market. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of elevator motors. |
4.3.2 Technological advancements leading to the phasing out of traditional elevator motor models. |
4.3.3 Economic instability affecting investment in construction projects and thereby the demand for elevator motors. |
5 Saudi Arabia Elevator Motors Market Trends |
6 Saudi Arabia Elevator Motors Market, By Types |
6.1 Saudi Arabia Elevator Motors Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Elevator Motors Market Revenues & Volume, By Category, 2022-2032F |
6.1.3 Saudi Arabia Elevator Motors Market Revenues & Volume, By AC Motors, 2022-2032F |
6.1.4 Saudi Arabia Elevator Motors Market Revenues & Volume, By DC Motors, 2022-2032F |
6.2 Saudi Arabia Elevator Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Elevator Motors Market Revenues & Volume, By Geared Traction Motors, 2022-2032F |
6.2.3 Saudi Arabia Elevator Motors Market Revenues & Volume, By Gearless Traction Motors, 2022-2032F |
6.3 Saudi Arabia Elevator Motors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Elevator Motors Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Saudi Arabia Elevator Motors Market Revenues & Volume, By Commercial, 2022-2032F |
6.4 Saudi Arabia Elevator Motors Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Elevator Motors Market Revenues & Volume, By Online, 2022-2032F |
6.4.3 Saudi Arabia Elevator Motors Market Revenues & Volume, By Offline, 2022-2032F |
6.4.4 Saudi Arabia Elevator Motors Market Revenues & Volume, By Direct Sales, 2022-2032F |
6.4.5 Saudi Arabia Elevator Motors Market Revenues & Volume, By Indirect Sales, 2022-2032F |
7 Saudi Arabia Elevator Motors Market Import-Export Trade Statistics |
7.1 Saudi Arabia Elevator Motors Market Export to Major Countries |
7.2 Saudi Arabia Elevator Motors Market Imports from Major Countries |
8 Saudi Arabia Elevator Motors Market Key Performance Indicators |
8.1 Energy efficiency ratings of elevator motors being installed in new projects. |
8.2 Adoption rate of smart and IoT-enabled elevator motor systems in the market. |
8.3 Number of new construction permits issued in Saudi Arabia, indicating potential demand for elevator motors. |
9 Saudi Arabia Elevator Motors Market - Opportunity Assessment |
9.1 Saudi Arabia Elevator Motors Market Opportunity Assessment, By Category, 2022 & 2032F |
9.2 Saudi Arabia Elevator Motors Market Opportunity Assessment, By Type, 2022 & 2032F |
9.3 Saudi Arabia Elevator Motors Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Saudi Arabia Elevator Motors Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
10 Saudi Arabia Elevator Motors Market - Competitive Landscape |
10.1 Saudi Arabia Elevator Motors Market Revenue Share, By Companies, 2025 |
10.2 Saudi Arabia Elevator Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here