Elevators acquired the largest revenue share in Egypt Elevator and Escalator Market- 6Wresearch
Elevators acquired the majority market revenue share in Egypt Elevator and Escalator market in the year 2021 on the back of the country's expanding hotel, residential, and commercial real estate market. The increased use of elevators in commercial, industrial, and residential spaces would grow the market of elevators. Moreover, development of "8 new cities" in the region, including the New Administrative Capital, Galala City, Mostakbal City, New Alamein City, New Ismailia City, New Aswan City, New Damietta City, and New Mansoura City also contributed to the growth of elevators and escalators.
According to 6Wresearch Egypt Elevator and Escalator market size is projected to grow at a CAGR of 9.1% during 2022-2028. The market would continue to surge owing to increase in FDI and urbanisation in all major countries, the commercial and residential segments are anticipated to grow in the future, which would raise the revenues of the Egypt elevators and escalators market. Large-scale government infrastructure development projects, including airport expansions, metro extensions, and the development of other social infrastructure.
According to, Kartike Tyagi, Research Analyst, 6Wresearch, passenger elevators are expected to dominate the market in the years ahead on the back of rise in hospitality and commercial sector. The Radisson Hotel group and Zaghloul Holdings for establishment of six hotel groups. Moreover, Hill; International also plans to build commercial and residential buildings in Cairo, Sharm El Sheikh, and Alexandria would further boost the demand for passenger elevators in the years to come.
According to, Bhavya Manchanda, Research Associate, 6Wresearch, “By Service Types, new installation would acquire the maximum share on account of growth of new cities in places such Assiut, Beheira, Beni Suef, Giza, Luxor, North Sinai, Port Said, and Qena.
Major players in Egypt Elevator and Escalator market are KONE Corporation, EGGEEC (FUJI), Otis Elevator Co, Schindler Holding AG, Mitsubishi Electric Corporation, TK Elevator, Hyundai Elevator Co. Ltd, Kleemann Hellas S.A., Omega Elevators, FUJITEC Co. Ltd., Hitachi Ltd.
“Egypt Elevator and Escalator Market (2022-2028)” report provides an in-depth analysis with 22 figures and 14 tables, covered in 78 pages. The Egypt Elevator and Escalator market report thoroughly covers market by types, by applications, by services. Egypt Elevator and Escalator market report provides an unbiased and detailed analysis of the on-going Egypt 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.
Email Us: email@example.com
Call Now: +91-11-430-24-305