UAE Elevator and Escalator market is anticipated to grow at a CAGR of 5.6% during 2021-2026

The UAE Elevator and Escalator market is anticipated to grow at considerable rate owing to increased political and economic stability of the country and host of EXPO 2021 has bolstered the number of various large-scale construction project. Further, surge in government support and rising focus on non-oil sectors have led to increase the inflow of foreign investment leading to development in the construction sector which contributes to the lucrative growth of the market.

Key questions answered in the study:
1. What are the current and future trends of the UAE elevator & escalator market?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the country?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the UAE elevator & escalator market?
6. What are the customer orientation, purchase behavior, and expectations from the elevator & escalator companies across various regions?

Get the sample pages of the report: https://www.marknteladvisors.com/query/request-sample/uae-elevator-amp-escalator-market.html

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 2021-26. The COVID-19 outbreak has adversely affected the UAE Elevator and Escalator Market due to imposition of lockdown, temporary shutdown of manufacturing units and government restriction to halt construction activities. It has caused disruption in supply chain and decline in production of elevators and escalators. This has eventually disrupted the growth of the market. However, as the market reopens, it has started to gain pace and growth of the market is anticipated to propel in the forthcoming timeline.

“UAE Elevator and Escalator Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Elevator and Escalator providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed analysis, visit: https://www.marknteladvisors.com/research-library/uae-elevator-amp-escalator-market.html

Hospitality Sector Acquired Significant Market Share

On the basis of End-User, Hospitality sector is expected to grow at an astronomical rate. The major driving factor for the growth of this segment is implementation of various tourism strategies in the country. Moreover, construction of new hotels would increase the demand for elevators and escalators in the forthcoming timeline as stated in MarkNtel Advisors’ research report “UAE Elevator and Escalator Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Elevator and Escalator market are 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.

Market Segmentation:
1. By Type (Elevator, Escalator)
2. By Service (New Installation, Modernization, Maintenance)
3. By End Users (Residential, Healthcare, Commercial, Retail, Govt. & Transportation, Hospitality, Others)
4. By Geographic Region (Abu Dhabi & Al Ain, Dubai, Sharjah & Northern Emirates)
5. By Competitors (Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Others)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.