6wresearch logo

UAE Elevator and Escalator Market is Projected to Grow at a CAGR of 3.9% from 2016 to 2022

May 09, 2016

UAE is the second largest construction market in GCC region after Saudi Arabia. Construction market contributed nearly 11% to UAE's GDP in 2015 and further estimated to acquire 12% by the end of 2016. Government spending on improvising public infrastructure is leading to the growth of construction industry in the country. Expansion in the areas of metro network and airport have led for the installation of elevators & escalators in UAE.

According to 6Wresearch, UAE elevator & escalator market is forecast to grow at a CAGR of 3.9% during 2016-22. UAE elevator & escalator market is highly consolidated with few players accounting for major volume share. Although, elevator & escalator market in UAE remained stagnant in last few years, but with falling oil prices, the market is expected to decline due to halt in various government projects. In 2015-16, several infrastructure projects are anticipated to be on hold owing to dismay of investments. Though, upcoming World Expo in 2020 is forecast to elevate major construction projects in the coming years.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "In vertical market, commercial vertical comprising of govt. & transportation, banking & financial and commercial offices accounted for largest share in revenue terms followed by residential and industrial verticals, respectively".

"Additionally, upcoming World Expo would result in influx of tourists from across the globe, thus driving the construction of new hotels, malls and expansion of metro network and airports. These infrastructures would deploy elevator & escalator, which would provide necessary boost to the overall market", Samuel further added.

According to Akash Shukla, Research Associate, Research and Consulting, 6Wresearch, "growth of elevator & escalator market in UAE is driven by new installations followed by maintenance & modernization. Vast public infrastructure and commercial projects are expected to spur the demand for new elevators & escalators in the country".

"Moreover, amongst all regions, Southern region consisting of Abu Dhabi would register growth over the next six years. Further, several projects are under work-in progress and are funded by Abu Dhabi Investment Authority (ADIA), which is pushing the construction in the region", Akash Shukla concluded.

"UAE Elevator & Escalator Market (2016-2022)" provides in-depth analysis with over 81 figures and tables covered in 120+ pages. The report estimates and forecast overall UAE elevator & escalator market by revenue, elevator & escalator type, by services, and by vertical. The report also gives insights on price trends, market trends, competitive landscape, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

Global Gas Genset Market (2018-2024)

Market Forecast By KVA Ratings (Upto 100 KVA, 100.1-375 KVA, 375.1-1000 KVA and Above 1000 KVA), By Applications ((Residential, Industrial including Manufacturing and Production, Commercial (Offices, Museum, Hospitality, Retail, Education and Data Center)...

Read More

Thailand Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities, Infrastructure...

Read More

India Video Surveillance Analytics Software Market (2018-2024)

Market Forecast By Macro Applications (Traffic Surveillance, Building Surveillance, City Surveillance and Business Intelligence), By Micro Applications (Perimeter Intrusion Detection, Pattern Recognition, Counting & Crowd Management, Automatic License Plate Recognition...

Read More

India Gas Genset Market (2018-2024)

Market Forecast By Rating (Up to 100 kVA, 100.1 kVA - 375 kVA, 375.1 kVA - 1,000 kVA and Above 1,000 kVA), By Verticals (Industrial, Commercial and Residential), By Applications (Standby Power, Primary Power and Peak Shaving), By Regions...

Read More

India Air Conditioner Market (2018-2024)

Market Forecast By Types (Window AC, Split AC, Floor Standing, Cassette AC, Packaged, Ducted / Ceiling Concealed, Centralized (Chiller, VRF/VRV and AHU/FCU)), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation, Hospitality and Others...

Read More

Saudi Arabia Industrial Valves Market (2018-2024)

Market Forecast By Types (Gate, Globe, Check, Ball and Others), By Functionality (On/Off and Control), By Applications (Oil & gas, Water & Wastewater, Chemical & Petrochemical, Power & Utility, Construction and Others), By Regions (Eastern, Western, Central and Southern)...

Read More

Cambodia Diesel Genset Market (2018-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial including Offices and BFSI & Datacenter, Healthcare, Retail, Manufacturing, Oil & Gas and...

Read More

Saudi Arabia Software as a Service (SaaS) Market (2018-2024)

Market Forecast By Deployment (Private Cloud, Public Cloud and Hybrid Cloud), By End Users (Commercial Enterprises, BFSI (Banking, Financial Services and Insurance), Hospitality and Healthcare, Industrial and Manufacturing, Government and Transportation...

Read More

Malaysia Diesel Genset Market (2014-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial (Offices, BFSI & Datacenters), Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Myanmar Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA- 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Philippines Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas Power Utilities...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events