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Saudi Arabia Elevator and Escalator Market (2018-2024)
Market Forecast By Segments (Elevators (Machine Room and Machine Room Less), Escalator (Moving Stairs and Moving Walkways)), By Services (New Installation, Modernization and Maintenance), By Verticals (Residential, Commercial and Industrial), By Regions (Central, Eastern, Western and Southern) and Competitive Landscape

  • Product Code:ETC000510
  • Publication Date:August 2018
  • Publisher:6Wresearch
  • Product Type:Report
  • No. of Pages:173
  • No. of Figures:10
  • No. of Tables:62

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Saudi Arabia Elevator and Escalator Market (2018-2024)

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Saudi Arabia Elevator and Escalator Market (2018-2024)

Saudi Arabia Elevator and Escalator Market (2018-2024)


  • Report Description
  • Table of Content
  • Summary
  • Related Topics

Projected growth in the construction market especially of high rise building along with upcoming new hotels & shopping malls and increasing inflow of FDI in the construction and retail sectors would proliferate the overall growth of elevators and escalators in Saudi Arabia. In Saudi Arabia, elevator segment captured major share in the overall elevators & escalators market, wherein majority of the installations were witnessed in residential, retail, transportation and hospitality sectors. However, escalator segment is projected to grow at a higher CAGR during 2018-24, primarily due to growing installations across airports, metros, and railway development projects in Saudi Arabia.

According to 6Wresearch, Saudi Arabia Elevator & Escalator Market is expected to grow at a CAGR of 4.9% during 2018-24. In 2017, the market declined due to falling government spending owing to declining oil prices. The market is anticipated to bounce back with recovery of oil prices post 2017. Growing urbanization rate, and rise in installation of elevators in the residential sector in Saudi Arabia is forecast to boost growth of Elevator and Escalator market. Amongst all the elevators segments, machine room elevators acquired highest revenue share of the market.

In Saudi Arabia, the central region held major market for Elevator and Escalator systems in terms of volume owing to increasing infrastructure development activities, especially in the commercial and residential verticals. During the forecast period, western region is expected to register higher growth in the market.

The report thoroughly covers the market by elevators and escalators types, sub-segments, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:
• Historical data of Global Elevator and Escalator Market for the Period 2014-2017
• Market Size & Forecast of Global Elevator and Escalator Market until 2024
• Historical data of Saudi Arabia Elevator and Escalator Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevator and Escalator Revenue & Volume Market until 2024
• Historical data of Saudi Arabia Elevators Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevators Market Revenues & Volume until 2024
• Historical data of Saudi Arabia Escalators Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Escalators Market Revenues & Volume until 2024
• Historical data of Saudi Arabia Elevator and Escalator Vertical Market Revenues for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevator and Escalator Vertical Market Revenues until 2024
• Historical data of Saudi Arabia Elevator and Escalator Regional Market Revenues for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevator and Escalator Regional Market Revenues until 2024
• Historical data of Saudi Arabia Elevator and Escalator Service Market Revenues for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevator and Escalator Service Market Revenues until 2024
• Market Drivers, Restraints, and Trends
• Company Profiles and Players Market Share
• Company Profiles
• Strategic Recommendations

Markets Covered
The report provides detailed analysis of the following market segments:
• By Segments
    o Elevators
             Machine Room
             Machine Room Less
    o Escalator
             Moving Stairs
             Moving Walkways
• By Services
    o New Installation
    o Modernization
    o Maintenance
• By Verticals
    o Residential
    o Commercial
    o Industrial
• By Regions
    o Central
    o Eastern
    o Western
    o Southern

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 Global Elevator & Escalator Market Overview
    3.1 Global Elevator & Escalator Market Revenues and Volume (2014-2024F)
    3.2 Global Elevator & Escalator Market Revenue Share, By Regions (2017)
4 Saudi Arabia Elevator & Escalator Market Overview
    4.1 Overview and Analysis
    4.2 Saudi Arabia Elevator & Escalator Market Revenues and Volume (2014-2024F)
    4.3 Saudi Arabia Elevator & Escalator Industry Life Cycle
    4.4 Saudi Arabia Elevator & Escalator Market Porter's Five Forces Model
    4.5 Saudi Arabia Elevator & Escalator Market Revenue Share, By Type (2017 & 2024F)
    4.6 Saudi Arabia Elevator & Escalator Market Revenue Share, By Services (2017 & 2024F)
    4.7 Saudi Arabia Elevator & Escalator Market Revenue Share, By Vertical (2017 & 2024F)
5 Saudi Arabia Elevator & Escalator Market Dynamics
    5.1 Impact Analysis
    5.2 Market Drivers
    5.3 Market Restraints
6 Saudi Arabia Elevator & Escalator Market Trends
7 Saudi Arabia Elevator Market Overview
    7.1 Overview & Analysis
    7.2 Saudi Arabia Elevator Market Revenues and Volume (2014-2024F)
    7.3 Saudi Arabia Elevator Market Revenues, By Types
          7.3.1 Saudi Arabia Machine Room Elevator Market Revenues (2014-2024F)
          7.3.2 Saudi Arabia Machine Room less Elevator Market Revenues (2014-2024F)
    7.4 Saudi Arabia Elevator Market Revenues, By Services
    7.5 Saudi Arabia Elevator Market Revenue, By Verticals
          7.5.1 Saudi Arabia Commercial Elevator Market Revenues (2014-2024F)
          7.5.2 Saudi Arabia Residential Elevator Market Revenues (2014-2024F)
          7.5.3 Saudi Arabia Industrial Elevator Market Revenues (2014-2024F)
8 Saudi Arabia Escalator Market Overview
    8.1 Overview & Analysis
    8.2 Saudi Arabia Escalator Market Revenues and Volume (2014-2024F)
    8.3 Saudi Arabia Escalator Market Revenue Share, By Types
          8.3.1 Saudi Arabia Moving Stairs Escalator Market Revenues & Volume (2014-2024F)
          8.3.2 Saudi Arabia Moving Walkways Escalator Market Revenues & Volume (2014-2024F)
    8.4 Saudi Arabia Escalator Market Revenue, By Services
    8.5 Saudi Arabia Escalator Market Revenue, By Verticals
9 Saudi Arabia Elevator & Escalator Services Market Overview
    9.1 Saudi Arabia Elevator & Escalator New Installation Market Revenues, (2014-2024F)
    9.2 Saudi Arabia Elevator & Escalator Modernization Market Revenues, (2014-2024F)
    9.3 Saudi Arabia Elevator & Escalator Maintenance Market Revenues, (2014-2024F)
10 Saudi Arabia Elevator & Escalator Vertical Market Overview
     10.1 Saudi Arabia Elevator & Escalator Residential Vertical Market Revenues (2014-2024F)
     10.2 Saudi Arabia Elevator & Escalator Industrial Vertical Market Revenues (2014-2024F)
     10.3 Saudi Arabia Elevator & Escalator Commercial Vertical Market Revenues (2014-2024F)
          10.3.1 Saudi Arabia Elevator & Escalator Commercial Vertical Market Revenues, By Sectors (2014-2024F)
     10.4 Saudi Arabia Elevator & Escalator Market Opportunity Matrix, By Verticals (2024)
11 Saudi Arabia Elevator & Escalator Market KPI
12 Saudi Arabia Elevator & Escalator Market Current and Upcoming Skyscrapper Projects
13 Saudi Arabia Elevator & Escalator Regional Market Overview
     13.1 Saudi Arabia Elevator & Escalator Market Revenue Share, By Regions (2017 & 2024F)
     13.2 Saudi Arabia Western and Southern Region Elevator & Escalator Market Revenues (2014-2024F)
     13.3 Saudi Arabia Eastern and Central Region Elevator and Escalator Market Revenues (2014-2024F)
14 Competitive Landscape
     14.1 Saudi Arabia Elevator & Escalator Market Share, By Company
15 Company Profiles
     15.1 Mitsubishi Electric Saudi Ltd.
     15.2 Hyundai Elevator Co. Ltd
     15.3 Kone Middle East LLC
     15.4 Otis Elevator Co. Saudi Arabia Ltd.
     15.5 Schindler Olayan Elevator Co. Ltd.
     15.6 ThyssenKrupp Elevator Saudi Arabia LLC
16 Key Strategic Pointers
17 Disclaimer

List of Figures
Figure 1 Global Elevator and Escalator Market Revenues, 2014-2024F ($ Billion)
Figure 2 Global Elevator and Escalator Market Volume, 2014-2024F (Million Units)
Figure 3 Global Elevator and Escalator Market Revenue Share, By Regions (2017)
Figure 4 Saudi Arabia Urban Population (% of Total Population), 2010-2017
Figure 5 Gross Domestic Product, at Current Prices of Saudi Arabia, 2014-2023F ($ Billion)
Figure 6 Saudi Arabia Pace of Project Cancellations, 2013-2017 ($ Billion)
Figure 7 Saudi Arabia Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 8 Saudi Arabia Elevator and Escalator Market Volume, 2014-2024F (Units)
Figure 9 Saudi Arabia Elevator and Escalator Market Revenue Share, By Type (2017 & 2024F )
Figure 10 Saudi Arabia Elevator and Escalator Market Revenue Share, By Services (2017 & 2024F )
Figure 11 Saudi Arabia Elevator and Escalator Market Revenue Share, By Verticals (2017 & 2024F )
Figure 12 Saudi Arabia Construction Industry Revenues, 2016-2026F ($ Billion)
Figure 13 Saudi Arabia International Tourism, Number Of Arrivals, 2014-2018E (In Millions)
Figure 14 Number of Upcoming and Under construction Skyscrapers Projects in Saudi Arabia (2014 Onwards)
Figure 15 Saudi Arabia Elevator Market Revenues, 2014-2024F ($ Million)
Figure 16 Saudi Arabia Elevator Market Volume, 2014-2024F (Units)
Figure 17 Saudi Arabia Machine Room Elevators Market Revenues, 2014-2024F ($ Million)
Figure 18 Saudi Arabia Machine Room Less Elevators Market Revenues, 2014-2024F ($ Million)
Figure 19 Saudi Arabia Commercial Elevator Market Revenues, 2014-2017 ($ Million)
Figure 20 Saudi Arabia Commercial Elevator Market Revenues, 2018E-2024F ($ Million)
Figure 21 Saudi Arabia Residential Elevator Market Revenues, 2014-2017 ($ Million)
Figure 22 Saudi Arabia Residential Elevator Market Revenues, 2018E-2024F ($ Million)
Figure 23 Saudi Arabia Industrial Elevator Market Revenues, 2014-2017 ($ Million)
Figure 24 Saudi Arabia Industrial Elevator Market Revenues, 2018E-2024F ($ Million)
Figure 25 Saudi Arabia Retail Market Segmentation, By Types (2017)
Figure 26 Saudi Arabia Escalator Market Revenues, 2014-2024F ($ Million)
Figure 27 Saudi Arabia Escalator Market Volume, 2014-2024F (Units)
Figure 28 Saudi Arabia Moving Stair Escalator Market Revenues, 2014-2024F ($ Million)
Figure 29 Saudi Arabia Moving Stair Escalator Market Volume, 2014-2024F (Units)
Figure 30 Saudi Arabia Moving Walkways Escalator Market Revenues, 2014-2024F ($ Million)
Figure 31 Saudi Arabia Moving Walkways Escalator Market Volume, 2014-2024F (Units)
Figure 32 Saudi Arabia Government and Transportation Vertical Escalator Market Revenues, 2014-2024F ($ Million)
Figure 33 Saudi Arabia Retail Vertical Escalator Market Revenues, 2014-2024F ($ Million)
Figure 34 Saudi Arabia Elevator and Escalator New Installation Market Revenues, 2014-2024F ($ Million)
Figure 35 Saudi Arabia Elevator and Escalator New Installation Market Revenue Share, By Types (2017 & 2024F)
Figure 36 Saudi Arabia Elevator and Escalator Modernization Market Revenues, 2014-2024F ($ Million)
Figure 37 Saudi Arabia Elevator and Escalator Modernization Market Revenue Share, By Types (2017 & 2024F)
Figure 38 Saudi Arabia Elevator and Escalator Maintenance Market Revenues, 2014-2024F ($ Million)
Figure 39 Saudi Arabia Elevator and Escalator Maintenance Market Revenue Share, By Types (2017 & 2024F)
Figure 40 Saudi Arabia Elevator and Escalator Residential Vertical Market Revenues, 2014-2024F ($ Million)
Figure 41 Saudi Arabia Elevator and Escalator Industrial Vertical Market Revenues, 2014-2024F ($ Million)
Figure 42 Saudi Arabia Elevator and Escalator Commercial Vertical Market Revenues, 2014-2024F ($ Million)
Figure 43 Saudi Arabia Commercial Elevators and Escalators Market Revenue Share, By Type (2017)
Figure 44 Saudi Arabia BFSI Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 45 Saudi Arabia Government & Transportation Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 46 Saudi Arabia Healthcare & Hospitality Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 47 Saudi Arabia Commercial Offices Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 48 Saudi Arabia Educational Institutions Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 49 Saudi Arabia Retail Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 50 Saudi Arabia Elevator and Escalator Market opportunity Matrix, By Verticals (2024F)
Figure 51 Saudi Arabia Residential Units Supply, By Key Cities, 2014-2019F (‘000 Units)
Figure 52 Saudi Arabia Number of Retail units, By Key Cities, 2014-2019E (Million sq. m)
Figure 53 Saudi Arabia Number of Commercial Office, By Key Cities, 2014-2019E (Million sq. m)
Figure 54 Saudi Arabia Value of Contracts Awarded, By Sector, 2015-2018E ($ Billion)
Figure 55 Saudi Arabia Building Construction Projects Value by Status (2017)
Figure 56 Saudi Arabia Budget Allocation (2017)
Figure 57 Average number of Metro and Railway Station to be Constructed in a year, 2014-2024F
Figure 58 Saudi Arabia Elevator and Escalator Market Revenue Share, By Regions (2017 & 2024F)
Figure 59 Saudi Arabia Western Region Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 60 Saudi Arabia Southern Region Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 61 Saudi Arabia Eastern Region Elevator and Escalator Market Revenues, 2014-2024F ($ Million)
Figure 62 Saudi Arabia Central Region Elevator and Escalator Market Revenues, 2014-2024F ($ Million)

List of Tables
Table 1 Fees to be Paid by Saudi Arabian Company for Non-Saudi Employee (SAR)
Table 2 Saudi Arabia Dependent Fees for Foreign Nationals (SAR)
Table 3 Saudi Arabia Elevator Market Revenues, By Services, 2014-2024F ($ Million)
Table 4 Saudi Arabia Commercial Elevator Market Revenues, By Types, 2014-2024F ($ Million)
Table 5 Saudi Arabia Escalator Market Revenues, By Services, 2014-2024F ($ Million)
Table 6 List of Construction Projects in Saudi Arabia
Table 7 Under Construction Manufacturing Units in Saudi Arabia, 2017
Table 8 Upcoming Manufacturing Plants in Saudi Arabia
Table 9 List of Residential High-rise Building Construction Projects in Saudi Arabia
Table 10 List of Commercial High-rise Building Construction Projects in Saudi Arabia

Saudi Arabia Elevator and Escalator Market (2018-2024) report graph
   Source: 6Wresearch

Saudi Arabia Elevators and Escalators Market (2016-2022): Market Forecast by Elevators (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Types (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Verticals (Residential, Commercial and Industrial) and Regions (Southern, Eastern, Western and Central)

Saudi Arabia Elevators and Escalators Market (2015-2021): Market Forecast by Elevators (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Types (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Southern, Eastern, Western and Central)

Singapore Elevator and Escalator Market (2017-2023): Market Forecast By Types (Elevator (Passenger, Cargo and Home), Escalator (Moving Stairs and Moving Walkways)), By Services (New Installation Service and Maintenance Service), By Verticals (Residential, Industrial and Commercial) and Competitive Landscape

Romania Elevator & Escalator Market (2018-2024): Market Forecast By Segments (Elevators (Machine Room and Machine Room Less), Escalator (Moving Stairs and Moving Walkways)), By Services (New installation and Maintenance), By Verticals (Residential, Commercial and Industrial), By Regions (Bucuresti and Ifflov Region, Center Region, West Region, South Region, North West Region, South East Region, South West Region and North East Region) and Competitive Landscape

Indonesia Elevator & Escalator Market (2017-2023): Market Forecast By Segments (Elevators (Passenger, Cargo and Home), Escalator (Moving Stairs and Moving Walkways)), By Services (New installation and Maintenance), By Verticals (Residential, Commercial and Industrial), By Regions (Java, Sumatra, Bali & Nusa Tengaera and Rest of Indonesia) and Competitive Landscape

UAE Elevator & Escalator Market (2018-2024): Market Forecast By Segments (Elevators (Machine Room and Machine Room Less) and Escalators (Moving Stairs and Moving Walkways)), By Services (New Installation, Modernization and Maintenance), By Verticals (Residential, Commercial and Industrial), By Regions (Northern and Southern) and Competitive Landscape

South and Southeast Asia Elevator & Escalator Market (2017-2023): Market Forecast By Segments (Elevators (Passenger Elevator, Cargo Elevator and Home Elevator), Escalator (Moving Stairs and Moving Walkways)), By Services (New Installation and Maintenance), By Countries (Thailand, Indonesia, Malaysia, Singapore, India, Bangladesh, Vietnam, Philippines, Myanmar, Cambodia and Sri Lanka) and Competitive Landscape

Latin America Elevator and Escalator Market (2017-2023): Market Forecast By Segments (Elevators (Low-Rise, Mid-Rise & High-Rise) and Escalator (Moving Stairs & Moving Walkways)), Services (New installation, Maintenance & Modernization) and Countries Covered (Brazil, Mexico, Argentina & Other Countries) and Competitive Landscape

Australia & New Zealand Elevator & Escalator Market (2017-2023): Market Forecast by Segments (Elevator (Passenger, Home and Cargo Elevator) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial), Countries Covered (Australia and New Zealand) and Competitive Landscape

India Elevator & Escalator Market (2017-2023): Market Forecast by Types (Elevator (Geared and Gearless and Machine Room Less) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation and Maintenance), Applications (Residential, Industrial and Commercial (Healthcare & Hospitality, Commercial Offices, Retail & Logistics, Banking & Financial Institutions, Government & Transportation and Education), Regions (West, East, North and South) and Competitive Landscape

South-East Asia Elevator & Escalator Market (2016-2022): Market Forecast by Segments (Elevator (Passenger, Home and Cargo) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial), Countries (Malaysia, Indonesia, Vietnam, Thailand, Philippines and Others) and Competitive Landscape

UAE Elevator and Escalator Market (2016-2022): Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Northern UAE and Southern UAE)

Kuwait Elevator and Escalator Market (2015-2021): Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Kuwait City and Rest of Kuwait)

Qatar Elevator and Escalator Market (2015-2021): Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (North Qatar and South Qatar)

UAE Elevator and Escalator Market (2015-2021): Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Northern UAE and Southern UAE)

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