6Wresearch-UAE Elevator and Escalator Market (2015-2021)

UAE Elevator and Escalator Market to Grow at a CAGR of 6.0% During 2015-21- 6Wresearch

In GCC’s elevator and escalator market, UAE is the major revenue contributing country. UAE has always remained a key contributor in GCC elevator and escalator market since beginning owing to high construction activities, building of skyscrapers, enhancement of various public & private infrastructures including airport, metro stations and others.

According to 6Wresearch, UAE Elevator and Escalator market is projected to grow at a CAGR of 6.0% during 2015-21. UAE market witnessed declining trend in last few years due to decline in investments in the country, and sluggish growth of real estate sector.

With presence of huge installed base of elevator and escalator in the country, maintenance segment dominates overall market and is anticipated to continue its market dominance over the next six years as well.

According to Shefali Goel, Research Associate, Research and Consulting, 6Wresearch, “In the forecast period, the market is expected to regain momentum on account of upcoming World Expo 2020. This upcoming event is regarded as a major market driver for the growth of elevator and escalator business in UAE. For this event, more than 25 million visitors are expected to visit the country, which would spur construction and expansion of airports, hotels, and metro stations”.

“In UAE’s elevator and escalator market, elevators have prominently fueled the growth of the overall market, but its share is expected to marginally decline by the growth of escalators”,Shefali further added.

Also, surging demand and increasing competition is resulting into decline in prices of elevator and escalator in UAE market. Moreover, growing domestic manufacturers and joint ventures of international players with domestic players have additionally slashed the prices of these in the country.

Amongst all the applications, commercial application leads the market for elevator and escalator, where retail, transportation, hotels, business parks, and commercial office segments were the key revenue contributors.

UAE Elevator and Escalator Market (2015–2021)”provides in-depth analysis with 101 figures and 19 tables covered in 149 pages. The report estimates and forecast overall UAE elevator and escalator market by revenue, by elevator types such as Geared and Gear Less with Machine Room elevators, Hydraulic elevators, and Machine Room Less elevators, escalator types such as Moving Stairs escalators and Moving Walkways escalators, services such as new installation, modernization and maintenance, applications such as residential, commercial and industrial and regions such as Southern region, and Northern region. The report also gives the insights on competitive landscape, market share by companies, price trends, company profiles, market drivers and restraints.


Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s