Press release
The UAE Elevator and Escalator Market Sales by New Installation Units to Reach 12.8 Thousand Units by 2029 - Arizton
UAE ELEVATOR AND ESCALATOR MARKET - SIZE & GROWTH FORECAST 2024-2029
To Know More, Click: https://www.arizton.com/market-reports/uae-elevator-and-escalator-market
The governments across the Gulf, including the UAE, have been proactive in diversifying and promoting various sectors such as tourism, real estate, finance, and technology. This diversification strategy has created ample investment opportunities and economic stability, fostering market expansion. Favorable regulatory frameworks further facilitate the entry of international players into the region. Dubai has established itself as a prominent global city and a premier luxury destination. Its distinctive skyline, top-notch infrastructure, and dynamic lifestyle appeal to affluent individuals and luxury brands alike. The development of luxury properties and high-end projects in Dubai underscores the robust demand for upscale real estate and the city's commitment to maintaining its reputation as a global luxury hotspot. The UAE is poised to sustain its growth momentum in the coming years. The region's diversification efforts, conducive regulatory landscape, and status as a luxury destination collectively contribute to its optimistic outlook. The property market in the UAE continues to rebound strongly, driven by government initiatives and overall economic growth, particularly in the booming non-oil sectors. Dubai and Abu Dhabi witnessed robust property sales last year, and market prices are anticipated to continue their upward trajectory in the current year.
Recent Developments in the UAE Elevator and Escalator Market
• In March 2024, Emaar Properties hired Otis to upgrade 34 elevators and eight escalators in the Burj Khalifa. The upgrade involves installing an advanced elevator management system (EMS panorama) for real-time remote control and management.
• In June 2023, Otis launched its Otis ONE IoT service platform in the Middle East, offering over 30 years of remote monitoring expertise with cutting-edge cloud technology, machine learning, and IoT. This solution provides transparent, real-time monitoring to customers and service professionals, enabling proactive identification and resolution of potential issues to ensure the smooth operation of elevators and escalators. It is currently accessible in the UAE, Kuwait, Qatar, Bahrain, and the Kingdom of Saudi Arabia.
• In June 2023, KONE was selected to provide elevators for the fourth phase of our large-scale Riviera project in MBR City. KONE LLC will supply and install upscale KONE elevators for the initial six buildings within phase four of Riviera, a waterfront community in MBR City inspired by the French Mediterranean lifestyle.
Future Analysis
The elevator and escalator markets in the UAE and the broader Middle East are poised to stay vibrant and fiercely competitive due to ongoing urbanization and infrastructure expansions. KONE, Schindler, and Otis are expected to ramp up their efforts to capitalize on market openings and differentiate themselves through innovation, technology integration, and customer-centric strategies. KONE's focus on sustainability and adaptability positions them well for future growth, while Schindler's strategic alliances and technological progressions bolster their competitive standing. Otis' concentration on high-profile projects and integration of IoT in modernization solutions is set to cater to evolving customer demands effectively. The introduction of Otis ONE in the Gulf region underscores their dedication to offering transparent, real-time monitoring and predictive maintenance solutions.
The UAE has actively diversified its economy, particularly in tourism and real estate sectors, fostering investment prospects and economic resilience. Dubai's rise as a global city and luxury destination, supported by robust infrastructure and lifestyle amenities, continues to attract affluent individuals and premium brands, fueling demand for upscale real estate. In conclusion, major players in the elevator and escalator sector must maintain agility, innovation, and a strong focus on customer needs to sustain competitiveness and capitalize on emerging opportunities in the evolving market dynamics of the UAE and the Middle East.
Key Vendors
• KONE
• Otis
• Mitsubishi Electric
• TK Elevator
• Hitachi
• Hyundai Elevator
• Fujitec
• Schindler
• KÖHLER Elevator GmbH
Other Prominent Vendors
• Sigma Elevator
• Orona
• Toshiba Elevator And Building Systems Corporation
• KLEEMANN
• Royal Fuji
• Gulf Elevator Co. LLC
• Easy Move Elevator LLC
• Orient Lines Elevators
• ALFA Elevator Co. LLC
• Demi Elevators
• Atlas Elevator Factory LLC
• CEDAS EF LLC
• MASSAED
• York Lift
• Skodtec Elevators
• SHAMS AL JABAL LIFT MAINTENANCE LLC.
Elevator Market Segmentation by
Machine Type
• Hydraulic and Pneumatic
• Machine Room Traction
• Machine Room Less Traction
• Others
o Climbing
o Elevators
o Industrial Elevators
Carriage Type
• Passenger
• Freight
Capacity
• 2-15 Persons
• 16-24 Persons
• 25-33 Persons
• 34 Persons and Above
End-User
• Commercial
• Residential
• Industrial
• Others
o Public Transit
o Institutional
o Infrastructural
Escalator Market Segmentation by
Product Type
• Parallel
• Multi Parallel
• Walkway
• Crisscross
End-User
• Public Transit
• Commercial
• Others
o Institutional Sector
o Infrastructure
o Industrial
Key Questions Answered in the Report:
What will be the growth rate of the UAE elevator and escalator market?
How big is the UAE elevator and escalator market?
What factors drive the maintenance and modernization segment in the UAE elevator and escalator market?
Who are the key companies in the UAE elevator and escalator market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/uae-elevator-and-escalator-market
Why Arizton?
100% Customer Satisfaction
24x7 availability - we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us
Blog: https://www.arizton.com/blog
Website: https://www.arizton.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 The UAE Elevator and Escalator Market Sales by New Installation Units to Reach 12.8 Thousand Units by 2029 - Arizton here
News-ID: 3506221 • Views: …
More Releases for UAE
Ashish Jain, a Renowned Fund Manager Expands into UAE Real Estate in UAE
Dubai - Ashish Jain, a world-renowned fund manager and CEO of Fortune Capital, Fortune Wealth, and the newly launched Alieus Hedge Fund, is stepping into the UAE real estate market as part of his latest strategic expansion. This move marks Jain's entry into the thriving property market, further cementing his reputation as a leader in global finance and innovation.
Image: https://www.getnews.info/uploads/9b42e4a62bfaef7aaf02043c03240d75.jpg
A Visionary Leader in Finance
With over 15 years of experience in…
Fitness Equipment Market UAE | UAE Fitness Market Revenue | Member Penetration U …
The fitness services means any service treatment, diagnosis, advice or instruction concerning to the physical fitness, comprising but not restricted to diet, body building, cardio-vascular fitness, or physical training programs and which you function as or on behalf of the named insured. The fitness services market is commonly propelled by the increasing concerns over the healthy lifestyles around the populace throughout the UAE. Growing health awareness concerning the advantages of…
UAE Fitness Services Market, UAE Fitness Services Industry, Covid-19 Impact UAE …
A strong growth has been witnessed with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy.
High Obese and Obesity Rate: Increase in membership rate in UAE fitness centers due to the prevalence of high obese population and obesity rate (Adult obesity in the UAE stood at 27.8% in 2019) has positively affected the market.
Growth of Ladies Fitness Center: Opening up…
wifi solution in uae
Welcome to MAK, Wifi solutions provider in UAE. We bring everything that you would expect from an internet service provider – a highly professional installation and setup, high internet speed, a reliable network, great technical support and customer service to create a remarkable experience for the users, thereby remaining the most trusted WiFi Solutions provider in Dubai and across UAE.
Designing Efficient and Cost Effective Home Wifi Networks
Keep the connections to…
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
1. UAE Power Sector Scenario
1.1 Existing Power Generation Outlook
1.2 Current & Projected Power Demand
2. Why UAE Energy Policy beyond Oil & Gas?
3. UAE Nuclear Power Sector Overview
3.1 UAE Entering into Nuclear Power Sector
3.2 Nuclear Policy Overview
4. UAE Nuclear Power Sector Dynamics
4.1 Favorable Parameters
4.2 Nuclear Power Sector…
UAE Power Sector Analysis
UAE is a rapidly growing economy whose electricity sector needs are anticipated to increase upto 50% in order to meet its growing demand for power, by the year 2020. UAE also has one of the highest levels of per capita power consumption across the globe. The electricity consumption in the UAE region is slated to cross 100 TWh by 2012, putting pressure on the supply side. In fact, the power…
