DUBLIN--(BUSINESS WIRE)--The "Middle East & North Africa (MENA) Elevator and Escalator Market (2019-2025): Markets Forecast by Types, by Applications, by Services, by Countries, and Competitve Landscape" report has been added to ResearchAndMarkets.com's offering.
Middle East & North Africa (MENA) Elevators and Escalators Market is projected to grow at a CAGR of 3.0% during 2019-25.
The application of elevators and escalators is gaining traction in the Middle East & North African countries on account of growing demand from the commercial and residential sectors. In Africa, expansion of infrastructure in the areas of retail, hospitality, commercial offices, healthcare and residential apartments would continue to drive the demand for elevators and escalators in the region during the forecast period. Whereas, in the Middle East, residential application and increasing acceptance of high speed elevators are the factors driving the growth of the market.
The commercial and residential segments are expected to grow in the future due to the expected increase in FDI and urbanization across all major countries, which would boost the Middle East & North Africa elevators and escalators market revenues. Additionally, major hotel chains are expanding their presence across several countries and large-scale government infrastructure development projects, such as airport expansions, metro expansions and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in demand for elevators and escalators in the Middle East & North African countries in the near future.
The new installation segment is the key revenue generator in the overall Middle East & North Africa elevators and escalators market as urbanization and infrastructural development continues to play an important role in the region. As major the Middle East & North African countries seek to diversify their economies by focusing on domains such as tourism and manufacturing, the new installation segment is predicted to undergo significant growth over the coming years as well.
The report thoroughly covers the market by elevator types, escalator types, services types, applications and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
- The Middle East & North Africa Elevator & Escalator Market Share, by Countries
- The Middle East & North Africa Elevator & Escalator Market Size and Historical Data of the Middle East & North Africa Elevator & Escalator Market Revenues for the Period 2015-2018
- The Middle East & North Africa Elevator & Escalator Market Forecast of Revenues until 2025
- Historical data & Forecast of Rest of the Middle East & North Africa Region Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
- Market Drivers, Restraints and Trends
- Trends and Industry Life Cycle
- Porter's Five Force Analysis
- Opportunity Assessment
- Market Share, By Players
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
By Types:
-
Elevator:
- Passenger
- Cargo
- Home
-
Escalator:
- Moving Stairs
- Moving Walkways
By Applications:
- Commercial
- Industrial
- Residential
By Countries:
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Qatar
- Oman
- Bahrain
- Algeria
- Ethiopia
- Iraq
- Jordan
- Egypt
- Morocco
- Sudan
- Tunisia
- Rest of MENA (Turkey, Lebanon, etc.)
By Services:
- Maintenance
- Modernization
Companies Mentioned
- Hyundai Elevator Co. Ltd
- Kleemann Hellas S.A.
- KONE Corporation
- Mitsubishi Electric Corporation
- Orona
- Otis Elevator Co.
- Schindler Holding Ltd.
- Servicom SARL
- Thyssenkrupp AG
- Toshiba Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ciycpl
