Automotive and Transportation

Elevator and Escalator Market in Saudi Arabia 2015-2019

  • TEC320883
  • 51 Pages
  • August 2015
  • Automotive and Transportation
About elevators and escalators
Elevators and escalators help move people and goods easily and efficiently within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

Technavio's analysts forecast the elevator and escalator market in Saudi Arabia to grow at a CAGR of 1.5%, in terms of newly installed units, over the period 2014-2019.

Covered in this report
In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in Saudi Arabia for the period 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the five key vendors in the market, and a brief description on other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, and highlights the key trends visible in the market.

Key customer segments
Commercial customers
Non-commercial customers

Key vendors
GEEC
KONE
MELSA
Otis
Schindler

Other prominent vendors
Hyundai
SIGMA
ThyssenKrupp
Toshiba

Market driver
Rise in construction of high-rise buildings
For a full, detailed list, view our report

Market challenge
High cost of elevators and escalators
For a full, detailed list, view our report

Market trend
Adoption of green elevators and escalators
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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