Elevator segment acquire highest market share
Based on type, the elevator segment holds the largest share in the UAE Elevator and Escalator market in 2019. The major driving factors for the growth of the elevator segment are the widespread implementation of residential towers, corporate offices and the development of the hotel chain. Further, the renewal of crude oil prices has enhanced the growth of the construction industry. Thus, strongly contributing to the growth of the market in the near future as revealed by the MarkNtel Advisors’ research report “UAE Elevator and Escalator Market Analysis, 2021”.
According to MarkNtel Advisors’ research report “UAE Elevator and Escalator Market Analysis, 2021”, the UAE Elevator and Escalator market is anticipated to grow at a CAGR of 5.6% during 2021-26F. The UAE elevator and escalator market are anticipated to grow at an astronomical rate owing to rapid urbanization and a surge in the installation of elevators in the residential as well as the commercial sector. Moreover, increasing government initiative to support big projects such as investment for Dubai Expo 2021 and construction of Al Maktoum International airport, would drive the growth UAE elevators and escalators market.
Impact of COVID-19
In 2020, the COVID-19 pandemic has adversely influenced the Elevator and Escalator Market due to the imposition of lockdown which has led to disruption in the supply chain and the temporary shutdown of escalator and elevator manufacturing units. Thereby, the UAE elevator and escalator market has witnessed a decline in its growth rate in 2020.
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Elevator and Escalator market include Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator, etc. These companies are launching new products to gain an advantage over their competitors.
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE Elevator and escalator market?
2. What are the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the UAE Elevator and escalator market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in UAE elevator and escalator on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of UAE Elevator and escalator market study?
Table of Contents
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macroeconomic Outlook
5. UAE Elevator & Escalator Market Analysis, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Market Revenues
5.1.2. By Unit Sold
5.2. Market Share & Analysis
5.2.1. By Type
5.2.2. By Service
126.96.36.199. New Installation
5.2.3. By End User
188.8.131.52. Health Care
184.108.40.206. Government & Transportation
5.2.4. By Region
220.127.116.11. Abu Dhabi & Al Ain
18.104.22.168. Sharjah & Northern Emirates
5.2.5. By Company
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement in MarkNtel Quadrant
6. UAE Elevator Market Analysis, 2016- 2026F
6.1. Market Size & Analysis
6.1.1. Market Revenues
6.1.2. Units Sold
6.2. Market Share & Analysis
6.2.1. By Type
184.108.40.206. Machine Room less
6.2.3. By Service
6.2.4. By End User
7. UAE Escalator Market Analysis, 2016- 2026F
7.1. Market Size & Analysis
7.1.1. Market Revenues
7.1.2. Unit Sold
7.2. Market Share & Analysis
7.2.1. By Type
220.127.116.11. Moving Walkway
18.104.22.168. Moving Stairs
7.2.2. By Service
7.2.3. By End User
8. UAE Elevator & Escalator Market Attractiveness Indexing
8.1.1. By Type
8.1.2. By Service
8.1.3. By Region
8.1.4. By End User
9. UAE Elevator & Escalator Market Regulations, Norms, & Product Standards
10. UAE Elevator & Escalator Market Trends & Developments
11. UAE Elevator & Escalator Market Dynamics
12. UAE Elevator & Escalator Imports Exports Statistics
13. UAE Elevator & Escalator Market Winning Strategies, 2020
14. Tax Structure
15. Competitive Benchmarking
15.1.1. Product Portfolio
15.1.2. Target Markets
15.1.3. Target End Users
15.1.4. Research & Development
15.1.5. Strategic Alliances
15.1.6. Strategic Initiatives
15.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
15.2.1. Thyssenkrupp Elevator UAE
15.2.2. Otis Elevator
15.2.3. AG MELCO Elevator Co. LLC.
15.2.4. Hyundai Elevator
15.2.5. Toshiba Elevator and Building Systems Corporation
15.2.6. Hitachi Elevator
15.2.7. Kone Middle East LLC
15.2.8. Fujitec Co. Ltd.
15.2.9. Schindler Pars International
Market Outlook, Segmentation and Statistics
• Impact of COVID-19 on UAE Elevator and Escalator Market
• Market Size & Analysis
o Market Revenues
o By Unit Sold
• Market Share & Analysis
o By Type
o By Service
o New Installation
o By End User
o Health Care
o Government & Transportation
o By Region
o Abu Dhabi & Al Ain
o Sharjah & Northern Emirates
o By Company
o Revenue Shares
o Strategic Factorial Indexing
o Competitor Placement in MarkNtel Quadrant
• UAE Elevator & Escalator Market Regulations, Norms, & Product Standards
• UAE Elevator & Escalator Imports Exports Statistics
• UAE Elevator & Escalator Market Winning Strategies, 2020
o Investment Scenario
• Tax Structure
Frequently Asked Questions:
Q. What would be the growth rate or CAGR of UAE Elevator and escalator market during 2021-26?
A. The market size of UAE Elevator and escalator market is projected to grow at a CAGR of 5.6% during 2021-26.
Q. Which type of elevator and escalator services would grab the highest market share during 2021-26?
A. It is forecast that the elevator segment captured the highest market share in the UAE elevator and escalator market on account of the increasing infrastructure developments in the country.
Q. Who are the key competitors or players operating in UAE Elevator and escalator market?
A. Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Hitachi Elevator are few of the leading players in the UAE Elevator and escalator market.
Q. Does the report scope cover type wise market statistics also?
A. Yes, the scope of the report encompass detailed elevator and escalator type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in elevator and escalator?
A. Retail, Residential and Hospitality sector would continue to grow at a highest CAGR, presenting immense opportunities for market players of elevator and escalator across UAE.
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