This comprehensive Saudi Arabia Elevator and Escalator Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.
“According to recent market analysis report, the Saudi Arabia Elevator and Escalator Market is expected to grow at a CAGR of 7.5% during the forecast period of 2024 to 2030.”
In case you missed it, we are currently revising our reports. Click on “Download Free Sample of the Report” text to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Saudi Arabia Elevator & Escalator Market Opportunity:
Growing Focus Towards Smart Cities to Boost the Demand for Elevators & Escalators in the Country – The government of Saudi Arabia has been focusing on building smart cities in the country to prioritize sustainability & environmental stewardship to attain its carbon emission target by 2030. These digital cities necessarily integrate advanced in-building transportation technologies to facilitate the residents, as well as corporate individuals, which augments the demand for elevator & escalator technologies that meet the building requirements.
Furthermore, ongoing construction activities of the Red Sea project, between the cities of Umluj & Al-Wajh to develop 22 islands powered by 100% renewable energy, is anticipated to augment demand for elevators & escalators with sustainable technologies to be deployed in the newer infrastructure. The construction is expected to comprise over 50 hotels, around 8,000 rooms, and up to 1,000 residential properties by 2030. Thus, there are significant growth opportunities for elevator and escalator manufacturers to expand their offerings in the country and capture revenue opportunities.
Saudi Arabia Elevator & Escalator Market Segmentation Analysis
By Type
- Elevator- Market Size & Forecast 2019-2030, (Thousand Tons)
- Escalator- Market Size & Forecast 2019-2030, (Thousand Tons)
By Service
- New Installation- Market Size & Forecast 2019-2030, (Thousand Tons)
- Modernization- Market Size & Forecast 2019-2030, (Thousand Tons)
- Maintenance- Market Size & Forecast 2019-2030, (Thousand Tons)
By End User
- Residential- Market Size & Forecast 2019-2030, (Thousand Tons)
- Commercial- Market Size & Forecast 2019-2030, (Thousand Tons)
- Retail- Market Size & Forecast 2019-2030, (Thousand Tons)
- Healthcare- Market Size & Forecast 2019-2030, (Thousand Tons)
- Hospitality- Market Size & Forecast 2019-2030, (Thousand Tons)
- Government & Transportation- Market Size & Forecast 2019-2030, (Thousand Tons)
- Others- Market Size & Forecast 2019-2030, (Thousand Tons)
- Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
– The Commercial & Residential segments are projected to acquire a significant share of the Saudi Arabia Elevator and Escalator Market during 2024-2030. It owes primarily to numerous infrastructural development projects associated with hotels, retail outlets, malls, corporate offices, residential buildings, etc., in the country, backed mainly by increasing greenfield investments and the active focus of the government on economic diversification.
Saudi Arabia Elevator and Escalator Market Regional Outlook:
- East
- West
- South
- Central
Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/saudi-arabia-elevator-escalator-market.html
Saudi Arabia Elevator and Escalator Market Competition Analysis:
- Thyssenkrupp Elevator Saudi Arabia
- Otis Elevator Company Saudi Arabia Limited
- Hyundai Elevator
- Toshiba Elevator and Building Systems Corporation
- Hitachi Elevator
- Kone Middle East LLC
- Fujitec Saudi Arabia Co. Ltd.
- Schindler Olayan Elevator Co. Ltd.
- Mitsubishi Electric Saudi Ltd.
- Gulf Elevators and Escalators Co.
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
Other Report:
- The Global Fragrances Market is expected to grow from USD 66.59 billion in 2024to USD 98.32 billion by 2030, indicating strong market expansion potential.
- Nutraceuticals Market size was valued at around USD 485 billion in 2024and is projected to reach USD 885 billion by 2030 with a CAGR of around 7.2%.
- UAE Chiller Market size was valued at around USD 124.9 million in 2024and is projected to reach around USD 181.5 million by 2030 along with a CAGR of 6.3%.
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us:
MarkNtel Advisors LLP
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Tel: +1 628 895 8081 | +91 120 4278433
For Sales Enquiries: sales@marknteladvisors.com
