UAE Elevator & Escalator Maintenance & Repair Services Market Report 2022: Stringent Government Regulations & the Booming Construction Industry Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "UAE Elevator & Escalator Maintenance & Repair Services Market, By Type (Elevator, Escalator, Moving Walkways), By Elevator Technology (Hydraulic and Traction),By Components, By End User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The UAE elevator & escalator maintenance & repair services market is expected to register growth at a steady rate during the forecast period. The market growth can be attributed to the stringent regulations imposed by the government to ensure public safety and the booming construction industry.

Increased spending by the government for advancing infrastructural development in the country and a growing number of commercial projects in several regions creating demand for vertical mobility services are expected to drive the UAE elevator & escalator maintenance & repair services market in the coming years.

Market players involved in elevator and escalator manufacturing are focusing on improving aftermarket services for customers, which is expected to fuel the growth of the UAE elevator & escalator maintenance & repair market. Development of smart cities and technological advancements in new elevators, such as the integration of circuit boards, and new controllers, are aiding the growth of the UAE elevator & escalator maintenance & repair service market during the forecast period.

Rising penetration of elevators and escalators in commercial centers such as malls, retail centers, and co-working spaces and the increasing shift toward eco-efficiency and flexible design are creating demand for elevator & escalator maintenance & repair services, contributing to the market growth. Key players are adopting strategies to strengthen their offerings and develop a domestic presence, which is expected to boost the market growth.

The UAE elevator & escalator maintenance & repair services market is segmented based on type, elevator technology, components, end user, elevator door type, company, and region. Based on type, the market can be categorized into elevators, escalators, and moving walkways. The elevator segment is expected to hold the largest share in the UAE elevator & escalator maintenance & repair services market, owing to the increase in the installation base and the rising need for safety and reliability during vertical movement.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of UAE elevator & escalator maintenance & repair services market from 2017-2021.
• To classify and forecast UAE elevator & escalator maintenance & repair services market based on type, elevator technology, components, end user, elevator door type, company and regional distribution.
• To identify drivers and challenges for UAE elevator & escalator maintenance & repair services market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in UAE elevator & escalator maintenance & repair services market.
• To identify and analyze the profile of leading players operating in UAE elevator & escalator maintenance & repair services market.

Key Target Audience:

• Elevator & escalator maintenance & repair services provider companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to elevator & escalator maintenance & repair services
• Market research and consulting firms

Report Scope:

In this report, UAE elevator & escalator maintenance & repair services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

UAE Elevator & Escalator Maintenance & Repair Services Market, By Type:

• Elevator
• Escalator
• Moving Walkways

UAE Elevator & Escalator Maintenance & Repair Services Market, By Elevator Technology:

• Hydraulic
• Traction

UAE Elevator & Escalator Maintenance & Repair Services Market, By Components:

• Elevator Machine Room
• Hoistway
• Elevator Car
• Others

UAE Elevator & Escalator Maintenance & Repair Services Market, By End User:

• Residential
• Commercial
• Institutional
• Infrastructural
• Others

UAE Elevator & Escalator Maintenance & Repair Services Market, By Elevator Door Type:

• Automatic
• Manual

UAE Elevator & Escalator Maintenance & Repair Services Market, By Region:

• Dubai
• Abu Dhabi
• Sharjah
• Rest of UAE

Key Topics Covered:

1. Service Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on UAE Elevator & Escalator Maintenance & Repair Services Market

5. Voice of Customer

6. UAE Elevator & Escalator Maintenance & Repair Services Market Outlook

7. Dubai Elevator & Escalator Maintenance & Repair Services Market Outlook

8. Abu Dhabi Elevator & Escalator Maintenance & Repair Services Market Outlook

9. Sharjah Elevator & Escalator Maintenance & Repair Services Market Outlook

10. Market Dynamics

11. Market Trends & Developments

12. Policy & Regulatory Landscape

13. UAE Economic Profile

14. Competitive Landscape

15. Strategic Recommendations

Companies Mentioned

• AG MELCO Elevator Co. L.L.C.
• Hitachi, Ltd., Middle East Branch
• Kone Middle East LLC
• Otis LLC
• Schindler Middle East
• Al-Futtaim Engineering
• Nigma Lifts Installation & Maintenance Co (LLC)
• Thyssenkrupp Elevator
• Euro Elevator Escalators Maintenance Company
• Al Nas Elevator Contracting LLC

For more information about this report visit https://www.researchandmarkets.com/r/mhdtr5