Press release
Saudi Arabia Elevator & Escalator Market to Reach USD 1340.09 Million by 2025
According to TechSci Research report, “Saudi Arabia Elevator & Escalator Market By Type, By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition, Forecast & Opportunities, 2025”, Saudi Arabia elevator & escalator market was valued USD 1049.87 Million in 2019 and is forecast to grow at CAGR of 6.86% in value terms, to reach USD 1340.09 Million by 2025. The growth in the construction sector is one of the major drivers of Saudi Arabia elevator and escalator market. Continuing growth in the construction sector is majorly due to increasing number of new hotels & shopping mall projects being undertaken in the country. Also, huge inflow of FDI in the retail & construction sectors is indirectly boosting the market for escalators & elevators in the country. Furthermore, large construction players operating in the market are increasing their investments in infrastructure development and technological advancements for economic diversification, which is expected to have a positive impact on the country’s construction market over the years, which in turn is anticipated to boost the country’s escalator & elevator market.
Browse 9 market data Tables and 28 Figures spread through 72 Pages and an in-depth TOC on“Saudi Arabia Elevator & Escalator Market”
https://www.techsciresearch.com/report/saudi-arabia-elevator-escalator-market/4392.html
Saudi Arabia elevator & escalator market is segmented based on type, service, elevator technology, end-user, elevator door type, and regional distribution. Based on type, the market can be fragmented into elevator, escalator and moving walkways. Escalator segment dominates the market, which is majorly attributable to the growing infrastructural development in the country. Based on service, the market can be categorized into maintenance & repair, new installation and modernization. The maintenance & repair segment is expected to hold a significant market share during the forecast period since all the new & existing elevators & escalators require routine repair & maintenance in order to ensure proper functioning. Based on end-user industry, the market can be segmented into residential, commercial, institutional, infrastructural and others. The residential and commercial segments account for around 70% of the market share, which can be attributed to the growing demand for high performance, low breakdown, smooth operation and aesthetically beautiful elevators.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4392
Customers can also request for 10% free customization on this report.
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., and Hyundai Elevator Saudi Arabia and others are some of the leading players operating in Saudi Arabia elevator & escalator market.
“In 2019, Riyadh accounted for the largest share i.e. 38.72% in Saudi Arabia elevator & escalator market. The region is expected to maintain its dominance over the next five years as well. Riyadh has several major ongoing real estate projects such as Mall of Saudi, Arriyadh Development Authority (ADA) and Medical City, among others. In terms of high-rise building and major ongoing infrastructure projects, Riyadh has been ranked as the third leading city in the Middle East, after Abu Dhabi and Dubai. For instance, National Railway Network and King Abdullah bin Abdulaziz Medical City are the major infrastructure projects in Riyadh.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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, 2025”, has evaluated the future growth potential of Saudi Arabia Elevator & Escalator market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the market.
Browse Related Reports
Global Elevator & Escalator Market By Type (Elevator, Escalator and Moving Walk Ways), By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2013 – 2023
https://www.techsciresearch.com/report/global-elevators-and-escalators-market/2461.html
China Smart Elevator Market By Component (Control Systems (Security Control System, Elevator Control System, Access Control system), and Communication Systems), By Application (Residential, Commercial, Industrial, Institutional, Others), By Service (New Installation, Modernization, Maintenance), By Region, Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/china-smart-elevator-market/4308.html
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Elevator & Escalator Market to Reach USD 1340.09 Million by 2025 here
News-ID: 2229885 • Views: …
More Releases from TechSci Research
India Dental Consumables Market: Analyzing the Key Segments and an 8.22% CAGR
The Foundation: Market Overview & Key Figures
Imagine a world where the simple act of a smile is a luxury, where toothaches are an accepted part of life. For many people in India, this has been the reality. But things are changing, and they're changing fast. The numbers tell a compelling story. According to a TechSci Research report, the India Dental Consumables Market was valued at a robust USD 234.65 million…
2030 Saudi Facility Management Market Outlook: Smart Cities Boost Demand
Market Outlook
The Saudi Arabia Facility Management Market was valued at USD 27.28 Billion in 2024 and is anticipated to reach USD 43.80 Billion by 2030, registering a strong CAGR of 8.05% during the forecast period. The market is driven by the country's growing investment in infrastructure, real estate development, and Vision 2030 initiatives aimed at diversifying the economy and enhancing public-private partnerships. The expansion of commercial and residential spaces, coupled…
Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci …
"Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving Small Arms and Light Weapons market in the forecast period 2025-2029."
According to TechSci Research report, "Small Arms and Light Weapons Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029", The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow…
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a …
TechSci Research's report on the "Global Luxury Sunglasses Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029" reveals that the market reached USD 14.86 billion in 2023, projecting a 4.2% CAGR from 2025 to 2029. This market segment thrives within the broader eyewear industry, offering high-end, premium sunglasses to discerning consumers seeking exclusivity and sophistication. Driven by evolving fashion trends, increasing disposable incomes, and growing brand consciousness, the…
More Releases for Elevator
Elevator Services Market shows Unbelievable Growth | Allied Elevator, Bison Elev …
Elevator Services market trends research report 2024 to 2031. The report is designed to provide an overview of the industry with market growth analysis with historical and futuristic perspective for the following parameters: revenue, demand, and supply data (if applicable). High Level Research Report on Elevator Services market attributes using proprietary tools such as Penetration Mapping Index and other effective mapping tools such as Porter's Five Forces Analysis, SWOT, PESTEL,…
Van Elevator Market | CNYD, Canny Elevator, Dongnan Elevator, Edunburgh Elevator
The global van elevator market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the van elevator market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Elevator Modernization Market 2019: Top Key Players Are KONE Elevator, Schindler …
Elevator Modernization Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13869380
Global Elevator Modernization market 2019 research provides a basic overview of the industry including definitions, classifications,…
2019 Elevator Modernization Market | By Leading Players: KONE Elevator, Schindle …
Elevator Modernization Market report provides Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025. This market study answers several questions (like current market status, future market opportunities, global and regional distribution industry) for stakeholders, primarily which market segments they should focus upon, during the next few years to prioritize their efforts and investments.
Download PDF Sample of this Report @
https://www.reporthive.com/enquiry.php?id=1520666&req_type=smpl&utm_source=SN
The major manufacturers covered in this report:
• KONE Elevator
• Schindler Group
• Otis Elevator…
Elevator & Escalators Market to Witness Huge Growth by 2025 | Leading Key Player …
HTF MI recently introduced Global Elevator & Escalators Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Sanyo Elevator, DAIKO, Escone Elevators, Saita Kougyou, Hitachi, Fujitec,Otis Elevator,…
Global Elevator and Escalator Sales Market Report 2017 - Hitachi, Otis Elevator, …
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Elevator and Escalator for these regions, from 2012 to 2022 (forecast), covering
United States
China
Europe
Japan
Southeast Asia
India
Global Elevator and Escalator market competition by top manufacturers/players, with Elevator and Escalator sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
Hitachi
KONE
Mitsubishi Electric
Otis Elevator
Schindler Elevator
ThyssenKrupp Elevator
Beacon Engineering
Canny…
