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Saudi Arabia Elevator & Escalator Market, By Type (Elevator, Escalator and Moving Walkways), By Service (Maintenance & Repair, New Installation and Modernization), By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction), By End-User (Residential, Commercial, Institutional, Infrastructural and Others), By Elevator Door Type (Automatic and Manual), By Region, Competition, Forecast & Opportunities, 2024

August 2020 | 80 pages | ID: SC9BC9054731EN
TechSci Research

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Saudi Arabia elevator & escalator market is projected to reach $ 1.25 billion by 2025. Booming construction sector, increasing number of high-rise building projects and rapid infrastructure development are the key factors driving Saudi Arabia elevator & escalator market.

Saudi Arabia elevator & escalator market is segmented based on type, service, elevator technology, end-user, elevator door type, and region. Based on type, the market can be segmented into elevator, escalator and moving walkways. The elevator segment is expected to dominate the market owing to their widespread use in various end user industries. Based on elevator technology, the market can be fragmented into traction, hydraulic and machine room-less traction. The machine room-less traction segment grabbed the largest market share in 2019 and is also expected to grow at the fastest pace during forecast period on account of their higher efficiency and smoother ride.

Regionally, Saudi Arabia elevator & escalator market has been segmented into Riyadh, Makkah, and Easter Province. Among these regions, Riyadh is expected to dominate the country’s elevator & escalator market majorly due booming construction sector in the region.

Major players operating in Saudi Arabia elevator & escalator market include Otis Elevator Company Saudi Arabia Limited, Schindler Olayan Elevators Co. Ltd, ThyssenKrupp Elevator Saudi Limited, Mitsubishi Electric Saudi Ltd., Gulf Elevator & Escalator Company Ltd., Khaled Juffali Elevator & Escalator Co., KONE Saudi Arabia, Orona Elevator Co. KSA, Fujitec Saudi Arabia Co., Ltd., Hyundai Elevator Saudi Arabia, among others.

Years considered for this report:
  • Historical Years: 2014 - 2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020 - 2024
Objective of the Study:
  • To analyze and forecast the market size of Saudi Arabia elevator & escalator market.
  • To classify and forecast Saudi Arabia elevator & escalator market based on type, service, elevator technology, end use, elevator door type, and regional distribution.
  • To identify drivers and challenges for Saudi Arabia elevator & escalator market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia elevator & escalator market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia elevator & escalator market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator and escalator manufacturers and suppliers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Saudi Arabia elevator & escalator market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Elevator & escalator manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to elevator & escalator
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia elevator & escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • Market, By Service:
    • Maintenance & Repair
    • New Installation
    • Modernization
  • Market, By Elevator Technology:
    • Traction
    • Hydraulic
    • Machine Room-Less Traction
  • Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others
  • Market, By Elevator Door Type:
    • Automatic
    • Manual
  • Regions:
    • Riyadh
    • Makkah
    • Eastern Province
    • Rest of Saudi Arabia
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Elevator & Escalator.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

4.1. Brand Awareness
4.2. Brand Satisfaction
4.3. Factors Influencing Purchase Decision
4.4. Annual Maintenance Service

5. SAUDI ARABIA ELEVATOR & ESCALATOR MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Elevator, Escalator and Moving Walkways)
  5.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
  5.2.3. By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction)
  5.2.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
  5.2.5. By Elevator Door Type (Automatic and Manual)
  5.2.6. By Region (Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia)
  5.2.7. By Company
5.3. Product Market Mapping

6. SAUDI ARABIA MAINTENANCE & REPAIR ELEVATOR & ESCALATOR MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By End-User

7. SAUDI ARABIA NEW INSTALLATION ELEVATOR & ESCALATOR MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By End-User

8. SAUDI ARABIA MODERNIZATION ELEVATOR & ESCALATOR MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By End-User

9. VALUE CHAIN ANALYSIS

10. IMPORT & EXPORT ANALYSIS

11. MARKET DYNAMICS

11.1. Drivers/Opportunities
11.2. Challenges/Restraints

12. MARKET TRENDS & DEVELOPMENTS

13. POLICY & REGULATORY LANDSCAPE

14. SAUDI ARABIA ECONOMIC PROFILE

15. COMPETITIVE LANDSCAPE

15.1. Competition Outlook
15.2. Company Profiles
  15.2.1. Otis Elevator Company Saudi Arabia Limited
  15.2.2. Schindler Olayan Elevators Co. Ltd
  15.2.3. ThyssenKrupp Elevator Saudi Limited
  15.2.4. Mitsubishi Electric Saudi Ltd.
  15.2.5. Gulf Elevator & Escalator Company Ltd.
  15.2.6. Khaled Juffali Elevator & Escalator Co.
  15.2.7. KONE Saudi Arabia
  15.2.8. Orona Elevator Co. KSA
  15.2.9. Fujitec Saudi Arabia Co., Ltd.
  15.2.10. Hyundai Elevator Saudi Arabia

16. STRATEGIC RECOMMENDATIONS

LIST OF TABLES

Table 1: Number of Data Breach and Record Exposed By Industry, 2018 & 2019
Table 2: Riyadh Saudi Arabia Elevator & Escalator Market, By Value (USD Million), 2014-2024F
Table 3: Makkah Saudi Arabia Elevator & Escalator Market, By Value (USD Million), 2014-2024F
Table 4: East Province Saudi Arabia Elevator & Escalator Market, By Value (USD Million), 2014-2024F
Table 5: Rest of Saudi Arabia Saudi Arabia Elevator & Escalator Market, By Value (USD Million), 2014-2024F

LIST OF FIGURES

Figure 1: Saudi Arabia Elevator & Escalator Market Size, By Value, 2014-2024F (USD Million)
Figure 2: Saudi Arabia Gross Domestic Product, At current price, 2014-2024F (USD Million)
Figure 3: Saudi Arabia Elevator & Escalator Market Share, By Type, By Value, 2014-2024F
Figure 4: Saudi Arabia Elevator & Escalator Market Share, By Service, By Value, 2014-2024F
Figure 5: Saudi Arabia Elevator & Escalator Market Share, By Elevator Technology, By Value, 2014-2024F
Figure 6: Saudi Arabia Elevator & Escalator Market Share, By End User, By Value, 2014-2024F
Figure 7: Saudi Arabia Elevator & Escalator Market Share, By Elevator Door Type, By Value, 2014-2024F
Figure 8: Saudi Arabia Elevator & Escalator Market Share, By Region, By Value, 2018 & 2024F
Figure 9: Saudi Arabia Elevator & Escalator Market Share, By Company, 2018
Figure 10: Saudi Arabia Maintenance & Repair Service Market Size, By Value, 2014-2024F (USD Million)
Figure 11: Saudi Arabia Construction Industry Growth Rate, 2014-2018
Figure 12: Saudi Arabia Maintenance & Repair Service Market Share, By Type, By Value, 2014-2024F
Figure 13: Saudi Arabia Maintenance & Repair Service Market Share, By End-User, By Value, 2014-2024F
Figure 14: Saudi Arabia New Installation Service Market Size, By Value, 2014-2024F (USD Million)
Figure 15: Saudi Arabia Upcoming Construction Projects, 2018
Figure 16: Saudi Arabia New Installation Service Market Share, By Type, By Value, 2014-2024F
Figure 17: Saudi Arabia New Installation Service Market Share, By End-User, By Value, 2014-2024F
Figure 18: Saudi Arabia Modernization Service Market Size, By Value, 2014-2024F (USD Million)
Figure 19: Saudi Arabia Economic City Details
Figure 20: Saudi Arabia Modernization Service Market Share, By Type, By Value, 2014-2024F
Figure 21: Saudi Arabia Modernization Service Market Share, By End-User, By Value, 2014-2024F

COMPANIES MENTIONED

1.Otis Elevator Company Saudi Arabia Limited
2.Schindler Olayan Elevators Co. Ltd
3.ThyssenKrupp Elevator Saudi Limited
4.Mitsubishi Electric Saudi Ltd.
5.Gulf Elevator & Escalator Company Ltd.
6.Khaled Juffali Elevator & Escalator Co.
7.KONE Saudi Arabia
8.Orona Elevator Co. KSA
9.Fujitec Saudi Arabia Co., Ltd.
10.Hyundai Elevator Saudi Arabia


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