Press release
Saudi Arabia Elevator and Escalator Market by New Installations is Set to Reach 19.98 Thousand Units by 2030 - Exclusive Research Report by Arizton
Saudi Arabia Elevator and Escalator Market Research Report by Arizton
To Know More, Click: [https://www.arizton.com/market-reports/saudi-arabia-elevator-and-escalator-market]
Report Summary
Market Size by New Installations (2030): 19.98 Thousand Units
Market Size by New Installations (2024): 15.79Thousand Units
CAGR - New Installations (2024-2030): 4%
Market Size by Installed Base (2030): 295.82Thousand Units
Market Size by Modernization (2030): USD 268.30 Million
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Saudi Arabia's Elevator & Escalator Market Rises with Vision 2030-Led Urban Growth
Saudi Arabia's elevator and escalator market is set for strong growth, with new installations projected to reach nearly 20,000 units by 2030, driven by a steady CAGR of 4%. This growth is fueled by rapid urbanization, large-scale infrastructure development, and the government's ambitious Vision 2030 initiative aimed at diversifying the economy beyond oil.
Public investment exceeding $300 billion into transport, utilities, and megaprojects like NEOM, the Riyadh Metro, and airport expansions is significantly boosting construction activity. Major cities such as Riyadh, Jeddah, Makkah, and Madinah account for over 80% of elevator demand due to their dense urban development and ongoing housing projects.
The Sakani housing program, aimed at boosting homeownership to 70% by 2030, along with rising demand for both affordable and luxury residences, is creating further opportunities in the vertical transportation sector. Additionally, the booming tourism industry-attracting billions in private investment and aiming to welcome 150 million tourists annually-adds momentum to infrastructure growth, especially with global events like the 2030 World Expo and 2034 FIFA World Cup on the horizon.
Despite challenges such as inflation, rising construction costs, and skilled labor shortages, the sector remains resilient, with sustained investment in smart cities and urban transformation expected to support long-term market expansion.
Urban Growth Accelerates Elevator & Escalator Demand in Saudi Arabia
Saudi Arabia's rapid urbanization and population growth are driving a surge in construction, particularly in housing and infrastructure. As more people move to cities, the demand for modern living spaces and public services continues to grow, putting pressure on the construction industry to expand quickly.
Riyadh, the capital, is undergoing a major transformation, evolving into a sprawling metropolis with a high population density. In response to urban challenges, the city is developing a comprehensive metro system to enhance connectivity and support its growing population. Alongside this, there is a noticeable shift from traditional villas to apartment living, driven by changing lifestyles and affordability.
Other major cities like Jeddah, Makkah, Madinah, and Dammam are also experiencing rapid development, further fueling the need for vertical transportation solutions. As cities continue to rise and grow denser, the demand for elevators and escalators is expected to increase significantly across the Kingdom.
Recent Developments in the Saudi Arabia Elevator and Escalator Market
* In August 2024, Schindler Olayan announced it to provide 134 Schindler 5500 elevators (including 45 passenger elevators, and 89 service elevators), one Schindler 2600 elevator, 150 Schindler 9300 escalators, and eight Schindler 9500 moving walks to phase one of the new multi-purpose project The Avenues - Riyadh in the Saudi Arabian capital.
* In 2024, Mitsubishi Electric Building Solutions Corporation announced its new elevator type, NEXIEZ-Fit', which is an elevator that combines superior cost performance with carefully selected specifications.
* In December 2024, KONE announced the launch of its High-Rise MiniSpaceTM DX elevator. The elevator comes with KONE UltraRope Registered , which is 80% lighter than traditional steel rope and three times more durable.
Riyadh's Rapid Growth Fuels Demand for Vertical Transportation Solutions
Riyadh is emerging as one of the fastest-growing cities globally, with its population expected to rise significantly over the next decade. This urban boom is prompting substantial government investment in mega infrastructure projects to support the city's expanding population.
Alongside this growth, Riyadh is becoming a major data center hub in the Middle East, driven by rising demand for AI infrastructure, positioning itself alongside regional tech leaders like Abu Dhabi and Dubai. The city's real estate sector is also surging, with office rents climbing sharply reflecting increased economic activity fueled by both public and private sector momentum.
As commercial and non-residential developments accelerate, the demand for elevators and escalators is set to grow, making vertical transportation a critical component of Riyadh's urban and economic transformation.
Buy this Research @ [https://www.arizton.com/market-reports/saudi-arabia-elevator-and-escalator-market]
Key Vendors
* Otis
* KONE
* TK Elevator
* Schindler
* Mitsubishi Electric
* Hitachi
* Hyundai Elevator
* Fujitec
* Toshiba Elevator and Building Systems Corporation (TELC)
* Sigma Elevator
* Orona
* KLEEMAN
* Gulf Elevators and Escalators Company (GEEC)
* Alpha Lifts
Elevator Market Segmentation by
Machine Type
* Hydraulic and Pneumatic
* Machine Room Traction
* Machine Room Less Traction
* Others
* Climbing
* Elevators
* 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
* Public Transit
* Institutional
* Infrastructural
Escalator Market Segmentation by
Product Type
* Parallel
* Multi Parallel
* Walkway
* Crisscross
End-User
* Public Transit
* Commercial
* Others
* Institutional Sector
* Infrastructure
* Industrial
Key Questions Answered in the Report:
How big is the Saudi Arabia elevator and escalator market?
What will be the growth rate of the Saudi Arabia elevator and escalator market?
What is the number of installed bases in the Saudi Arabia elevator and escalator market in 2024?
What are the key opportunities in the Saudi Arabia elevator and escalator market?
What are the key Saudi Arabia elevator and escalator market players?
Check Out Some of the Top Selling Reports of Your Interest:
UAE Elevator and Escalator Market - Size & Growth Forecast 2024-2029
https://www.arizton.com/market-reports/uae-elevator-and-escalator-market
Kuwait Elevator and Escalator Market Size & Growth Forecast 2023-2029
https://www.arizton.com/market-reports/kuwait-elevator-and-escalator-market
Why Arizton?
100%Customer Satisfaction
24x7availability - 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
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
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.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=saudi-arabia-elevator-and-escalator-market-by-new-installations-is-set-to-reach-1998-thousand-units-by-2030-exclusive-research-report-by-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/saudi-arabia-elevator-and-escalator-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.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 and Escalator Market by New Installations is Set to Reach 19.98 Thousand Units by 2030 - Exclusive Research Report by Arizton here
News-ID: 3976677 • Views: …
More Releases from ABNewswire
From Corporate Geologist to Animal Advocate: The Inspiring Story Behind Crazy K …
Crazy K Farm Pet and Poultry Products emerged from one woman's courageous decision to prioritize family over career when a corporate ultimatum forced an impossible choice. Today, the company holds 19 patents with one pending, plus nine trademarks, and supports over 200 rescued animals through its 501(c)(3) sanctuary. As the year ends and families reflect on what matters most, the founder's journey offers inspiration for the new year ahead.
Behind every…
How Sweetwater Labs Built a Natural Skincare Brand on Efficacy, Service, and Cus …
Sweetwater Labs has emerged as a standout in the natural skincare industry by prioritizing product effectiveness and exceptional customer service over marketing hype. The brand's approach has created a loyal community of customers who return repeatedly and enthusiastically recommend products to others seeking natural solutions.
In a beauty industry dominated by aggressive marketing and influencer partnerships, Sweetwater Labs has taken a different path to success. The brand has built its reputation…
Standard Modulus Carbon Fiber Market Growth Overview, Facts & Figures, Segmentat …
The Standard Modulus Carbon Fiber Market is witnessing steady growth, supported by rising demand from aerospace, automotive, wind energy, and construction industries. Key players such as Toray Industries, Hexcel Corporation, Teijin Limited, Mitsubishi Chemical Group, and SGL Carbon are focusing on capacity expansion, cost optimization, and performance enhancement to strengthen their market position. I prefer this response
The standard modulus carbon fiber market is projected to reach USD 4.50 billion by…
Linux-VServer.org Celebrates 25 Years of Innovation with Launch of v3: A Revolut …
BERLIN, GERMANY - December 25, 2025 - Linux-VServer.org [http://linux-vserver.org], the pioneer open-source project known for defining the standards of Linux server virtualization for over two decades, is proud to announce the historic launch of its v3 release. Marking a bold strategic evolution, the project has expanded beyond its virtualization roots to introduce a comprehensive MDM software designed specifically for the modern complexities of Ubuntu, Debian, CentOS, and Arch Linux environments.
For…
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…
