Saudi Arabia Elevator and Escalator Market to Witness 16,561 Units of New Installations in the Next 5 Years - Arizton

 According to Arizton's latest research report, the Saudi Arabia elevators & escalators market to grow at a CAGR of 6.58% during 2022-2028. Demand for distinctive and smart technology breakthrough is increasing as development and real estate operations increase. As a result, Schindler has developed digital solutions that combine numerous multi-media communication offerings from a single source.

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Recent Development
In 2020, KONE manufactured 180,000 new escalators and elevators. In 2021, KONE had more than 1.5 million units in its maintenance base, resulting in a major market share.

TK elevator has integrated cloud-based digital platform MAX into all kinds of new elevator and escalator systems, enabling increased in-service quality and more efficient, reliable, and faster urban transportation worldwide.

In December 2021, Mitsubishi Electric launched a new U Series of escalators that enhances passenger comfort and safety and helps achieve significant energy savings compared with the previous models. The targeted annual sales were 500 units in the ASEAN, Latin America, Middle Eastern, and Indian markets.

Key Vendors

KONE
Mitsubishi Electric
TK Elevator
Hitachi
Hyundai Elevator
Otis
Fujitec
Schindler

Other Prominent Vendors
TOSHIBA
KLEEMAN
GEEC
Sigma Elevator
ORONA

To know more: https://www.arizton.com/market-reports/saudi-arabia-elevator-and-escalator-market

About Arizton:

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We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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