UAE Elevator and Escalator Market (2019-2025) | Size, Share, Revenue, Analysis, Forecast, Trend, Growth, Industry, Outlook & COVID-19 IMPACT

Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) and Competitive Landscape.

Product Code: ETC001011 Publication Date: Mar 2023 Updated Date: May 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 105 No. of Figures: 48 No. of Tables: 10

UAE Elevator And Escalator Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a decline of -40.31% over the previous year. While Thailand registered a decline of -13.73% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the United Arab Emirates has a Herfindahl index of 3553 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2835 which signifies high concentration in the market.

UAE Elevator And Escalator Market - Country Wise Share and Competition Analysis

UAE Elevator And Escalator Market - Export Market OpportunitiesUAE Elevator And Escalator Market - Export Market OpportunitiesLatest 2023 Development of the UAE Elevator and Escalator Market

UAE Elevator and Escalator Market are forecast to grow tremendously in recent years. The market is being driven by increasing urbanization, growing demand for high-quality transportation solutions in buildings, and increasing construction activities. The major developments in this market include the growing demand for energy-efficient solutions. There has been a rapid increase in demand for elevators and escalators that consume less energy. In response to this, many companies in the market are heavily investing in research and development activities to create more energy-efficient products. Moreover, smart technology such as biometric recognition, voice recognition, and remote monitoring has become a major trend in the UAE elevator and escalator industry. Companies are developing elevators and escalators with advanced features to enhance user experience.

The increasing installation of elevators and escalators in residential buildings on the back of the growing demand for accessibility and convenience, particularly among the elderly population is one of the major developments of this market. Furthermore, with the increasing demand for elevators and escalators, the market has become highly competitive. Local and international companies are investing in new products and technologies to tap into the growing market.

Topics Covered in the UAE Elevator And Escalator Market

UAE Elevator And Escalator Market report thoroughly covers the market by types, by applications, and by services. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE Elevator And escalator Market Synopsis

UAE elevator and escalator market report thoroughly covers the market by elevator types, escalator types, services types, and applications. The UAE elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing UAE elevator and escalator Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE elevator and escalator market are anticipated to record substantial growth on the back of increasing non-oil sector contribution to the GDP. Improving the economic conditions of the country, implementing strict localization targets and value-added tax (VAT) is adding to the UAE Elevator and Escalator Market Growth. Additionally, upcoming mega-events such as Expo 2020 and several government-backed initiatives have proved to be the key drivers for the widespread construction activities across several sub-segments of the UAE economy. All these factors would lead to an increase in demand for elevators & escalators in the commercial domain over the coming years.

According to 6Wresearch, UAE Elevator and Escalator Market size is projected to grow at a CAGR of 1.5% during 2019-2025. Continued investment ahead of the mega event - Expo 2020, expansion of Al Maktoum International airport, an extension of red and green lines of Dubai metro, Abu Dhabi metro, and several other commercial and residential projects, would add to the UAE Elevator and Escalator Market Revenue.

The Northern region of UAE, which includes emirates such as Dubai and Sharjah, captured the highest UAE elevator and escalator market share in 2018. However, the Southern region including Abu Dhabi, is expected to witness significant growth over the coming years as the government has launched Economic Vision 2030 for the diversification of the economy and to attract foreign investment in the non-oil sectors of the region, such as manufacturing, transportation, and tourism. However, during the forecast period, the new installation market for elevators & escalators in UAE is expected to witness sluggish growth on account of the completion of the majority of the construction projects in the country.

UAE elevator and escalator market are estimated to find its true potential in the coming timeframe owing to rising ongoing construction such as Heart of Sharjah to create tourist and trade destination including hotels, boutique, and restaurants are estimated to support the growth if the development of the hospitality sector in the country and is likely to increase the installation of the elevators and escalators which would be a major contribution for the growth for eh UAE elevator and escalator market in the coming timeframe. Also, the growing hoping centers in the country due to the rising shopping by a young population is estimated to act as another growth proliferating factor that is estimated to benefit the growth of the UAE elevator and escalator market in the country.

Key Players in the UAE Elevator And Escalator Market

The major companies operating in the UAE Elevator And Escalator Market offer a wide range of elevator and escalator solutions for various applications, including residential buildings, hospitals, hotels, airports, and commercial buildings. Some of the leading players in the market are;

  • Otis Elevator Company
  • KONE Corporation
  • Schindler Group
  • Thyssenkrupp Elevator
  • Mitsubishi Electric Corporation
  • Fujitec Co., Ltd.
  • Toshiba Elevator and Building Systems Corporation
  • Hitachi Ltd.

Market Analysis by Types

The elevator segment captured the majority of the market share in the overall UAE Elevator and Escalator Market Share wherein the majority of the installations were witnessed in the residential, retail, transportation, and hospitality sectors. Amongst all the elevator segments, passenger elevators acquired the highest revenue share of the market.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • UAE Elevator and Escalator Market Overview
  • UAE Elevator and Escalator Market Outlook
  • UAE Elevator and Escalator Market Forecast
  • UAE Elevator and Escalator Market Share, By Countries
  • UAE Elevator and Escalator Market Size and Historical Data of UAE Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
  • UAE Elevator and Escalator Market Forecast of Revenues & Volume until 2025
  • Historical data & Forecast of UAE Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of UAE Elevator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of UAE Escalator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of UAE Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of UAE Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of UAE Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
  • Market Drivers, Restraints, and Trends
  • UAE Elevator and Escalator Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • UAE Elevator and Escalator Market Opportunity Assessment
  • UAE Elevator and Escalator Market Share, By Players
  • UAE Elevator and Escalator Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

UAE Elevator and Escalator Market Report Covered:

The report provides a detailed analysis of the following market segments:

By Types

  • Elevator
    • Passenger
    • Cargo
    • Home
  • Escalator
    • Moving Stairs
    • Moving Walkways

By Applications

  • Commercial
  • Industrial
  • Residential

By Services

  • Maintenance
  • Modernization
UAE Elevator and Escalator Market: FAQs
The growing construction industry, rapid urbanization, and government initiatives to modernize infrastructure and improve public transportation are the major growth drivers for the market.
The high cost of installation, lack of skilled labor, and intense competition in the market are the major challenges faced by the market.
The adoption of smart and energy-efficient elevators and escalators and the integration of IoT and AI technologies are the key trends in the market.
The increasing demand for vertical transportation systems in residential buildings and the expansion of public transportation networks provide significant opportunities for this market.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. UAE Elevator and Escalator Market Overview
3.1. Country Overview
3.2. UAE New Installation Elevator and Escalator Market Revenues & Volume, 2015-2025F
3.2.1. UAE New Installation Elevator and Escalator Market Revenue Share, By Types, 2018 & 2025F
3.3. UAE Elevator and Escalator Services Market Revenues, 2015-2025F
3.3.1. UAE Elevator and Escalator Services Market Revenue Share, By Types, 2018 & 2025F
3.3.2. UAE Elevator and Escalator Services Market Revenue Share, By Services Types, 2018 & 2025F
3.4. UAE Elevator and Escalator Market Revenue Share, By Applications, 2018 & 2025F
3.5. UAE Elevator and Escalator Market Revenue Share, By Regions, 2018 & 2025F
3.6. UAE Elevator and Escalator Market - Industry Life Cycle, 2018
3.7. UAE Elevator and Escalator Market - Porter’s Five Forces
4. UAE Elevator and Escalator Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. UAE Elevator and Escalator Market Trends
6. UAE Elevator Market Overview
6.1. UAE New Installation Elevator Market Revenues & Volume, 2015-2025F
6.1.1. UAE New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.2. UAE Elevator Services Market Revenues, 2015-2025F
6.2.1. UAE Elevator Services Market Revenues, By Services Types, 2015-2025F
6.3. UAE Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.3.1. UAE Elevator Market Revenues, By Applications, 2015-2025F
7. UAE Escalator Market Overview
7.1. UAE New Installation Escalator Market Revenues & Volume, 2015-2025F
7.1.1. UAE New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
7.2. UAE Escalator Services Market Revenues, 2015-2025F
7.2.1. UAE Escalator Services Market Revenues, By Service Types, 2015-2025F
8. UAE Elevator and Escalator Market Overview, By Applications
8.1. UAE Commercial Application Elevator and Escalator Market Revenues, 2015-2025F
8.2. UAE Industrial Application Elevator and Escalator Market Revenues, 2015-2025F
8.3. UAE Residential Application Elevator and Escalator Market Revenues, 2015-2025F
9. UAE Elevator and Escalator Market Key Performance Indicators
9.1. UAE Government Spending Outlook
9.2. UAE Commercial Sector Outlook
9.3. UAE Industrial Sector Outlook
9.4. UAE Residential Sector Outlook
10. UAE Elevator and Escalator Market Opportunity Assessment
10.1. UAE Elevator and Escalator Market Opportunity Assessment, By Applications, 2025F
11. UAE Elevator and Escalator Market Competitive Landscape
11.1. UAE Elevator and Escalator Market Competitive Benchmarking, By Product Types
11.2. UAE Elevator and Escalator Market Revenue Share, By Company, 2018
12. Company Profiles
13. Key Strategic Recommendations
14. Disclaimer
List of Figures
Figure1. UAE New Installation Elevator and Escalator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure2. UAE New Installation Elevator and Escalator Market Revenue Share, By Types, 2018 & 2025F
Figure3. UAE Elevator and Escalator Services Market Revenues, 2015-2025F ($ Million)
Figure4. UAE Elevator and Escalator Services Market Revenue Share, By Types, 2018 & 2025F
Figure5. UAE Elevator and Escalator Market Revenue Share, By Applications, 2018 & 2025F
Figure6. UAE New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure7. UAE New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F
Figure8. UAE New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F
Figure9. UAE Elevator Services Market Revenues, 2015-2025F ($ Million, Units)
Figure10. UAE Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
Figure11. UAE Elevator Market Revenue Share, By Applications, 2018 & 2025F
Figure12. UAE New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure13. UAE New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F
Figure14. UAE New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F
Figure15. UAE Escalator Services Market Revenues, 2015-2025F ($ Million)
Figure16. UAE Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F
Figure17. UAE Commercial Application Elevator and Escalator Market Revenues, 2015-2025F ($ Million)
Figure18. UAE Industrial Application Elevator and Escalator Market Revenues, 2015-2025F ($ Million)
Figure19. UAE Residential Application Elevator and Escalator Market Revenues, 2015-2025F ($ Million)
Figure20. UAE Actual Government Spending Vs Actual Government Revenues, 2015-2024F (SAR Trillion)
Figure21. UAE Government Budget Spending Outlook, 2019E (SAR Billion)
Figure22. Dubai Office Supply, 2015-2020 (Million Sq. m. of GLA)
Figure23. Abu Dhabi Office Supply, 2014-2019 (Million Sq. m. of GLA)
Figure24. Dubai Residential Supply, 2014-2020F (Thousand Units)
Figure25. Abu Dhabi Residential Supply, 2014-2020F ( Thousand Units)
Figure26. UAE Elevator and Escalator Market Opportunity Assessment, By Applications, 2025F
Figure27. UAE Elevator and Escalator Market Revenue Share, By Company, 2018
List Of Tables
 Table1. UAE New Installation Elevator Market Revenues, By Elevator Types, 2015-2025F ($ Million)
 Table2. UAE New Installation Elevator Market Volume, By Elevator Types, 2015-2025F (Units)
 Table3. UAE Elevator Services Market Revenues, By Services Types, 2015-2018 ($ Million)
 Table4. UAE Elevator Services Market Revenues, By Service Types, 2019E-2025F ($ Million)
 Table5. UAE Elevator Market Revenues, By Applications, 2015-2018 ($ Million)
 Table6. UAE Elevator Market Revenues, By Applications, 2019E-2025F ($ Million)
 Table7. UAE New Installation Escalator Market Revenues, By Escalator Types, 2015-2025F ($ Million)
 Table8. UAE New Installation Escalator Market Volume, By Escalator Types, 2015-2025F (Units)
 Table9. UAE Escalator Services Market Revenues, By Service Types, 2015-2018 ($ Million)
 Table10. UAE Escalator Services Market Revenues, By Service Types, 2019E-2025F ($ Million)
 Table11. Upcoming Malls in UAE
 Table12. Upcoming Construction Projects in Dubai
 Table13. Upcoming Hospitality Projects in UAE
 Table14. UAE Under Construction Residential Projects

Algeria Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Bahrain Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Egypt Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Ethiopia Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Iraq Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Jordan Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Middle East & North Africa (MENA) Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization), By Countries(Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman, Bahrain, Algeria, Ethiopia, Iraq, Jordan, Egypt, Morocco, Sudan, Tunisia & Rest Of MENA (Turkey, Lebanon Etc) And Competitive Landscape. 

Morocco Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Oman Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Qatar Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Saudi Arabia Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Sudan Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Tunisia Elevator and Escalator Market (2019-2025): Markets Forecast By Types(Elevator(Passenger, Cargo & Home), Escalator(Moving Stairs & Moving Walkways)), By Applications(Commercial, Industrial, Residential), By Services(Maintenance & Modernization) And Competitive Landscape.

Argentina Elevator and escalator market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

Australia Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

Brazil Elevator And Escalator Market (2019-2025): brazil elevator and escalator market, elevator and escalator market, brazil elevator and escalator market size, brazil elevator and escalator market share, brazil elevator and escalator market trends, 6wresearch

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