DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Elevator & Escalator Market, By Type (Elevator, Escalator and Moving Walkways), By Service (Maintenance & Repair, New Installation and Modernization), By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Elevator & Escalator Market is projected to reach $ 1.25 billion by 2025
Booming construction sector, increasing number of high-rise building projects and rapid infrastructure development are the key factors driving the Saudi Arabia Elevator & Escalator Market.
The Saudi Arabia Elevator & Escalator Market is segmented based on type, service, elevator technology, end-user, elevator door type, and region. Based on type, the market can be segmented into elevator, escalator and moving walkways. The elevator segment is expected to dominate the market owing to their widespread use in various end-user industries.
Based on elevator technology, the market can be fragmented into traction, hydraulic and machine room-less traction. The machine room-less traction segment grabbed the largest market share in 2019 and is also expected to grow at the fastest pace during forecast period on account of their higher efficiency and smoother ride.
Regionally, the Saudi Arabia Elevator & Escalator Market has been segmented into Riyadh, Makkah, and Easter Province. Among these regions, Riyadh is expected to dominate the country's elevator & escalator market majorly due to booming construction sector in the region.
Years considered for this report:
- Historical Years: 2014 - 2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020 - 2024
In this report, the Saudi Arabia Elevator & Escalator Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
- Moving Walkways
Market, By Service:
- Maintenance & Repair
- New Installation
Market, By Elevator Technology:
- Machine Room-Less Traction
Market, By End-User:
Market, By Elevator Door Type:
- Eastern Province
- Rest of Saudi Arabia
- Otis Elevator Company Saudi Arabia Limited
- Schindler Olayan Elevators Co. Ltd
- ThyssenKrupp Elevator Saudi Limited
- Mitsubishi Electric Saudi Ltd.
- Gulf Elevator & Escalator Company Ltd.
- Khaled Juffali Elevator & Escalator Co.
- KONE Saudi Arabia
- Orona elevator co. KSA
- Fujitec Saudi Arabia Co., Ltd.
- Hyundai Elevator Saudi Arabia
For more information about this report visit https://www.researchandmarkets.com/r/n5c5qj