DUBLIN--(BUSINESS WIRE)--The "UAE Elevator and Escalator Market (2019-2025): Markets Forecast By Types (Elevator (Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways)), By Applications (Commercial, Industrial, Residential), By Services (Maintenance & Modernization) and Competitve Landscape" report has been added to ResearchAndMarkets.com's offering.
UAE Elevator and Escalator Market is projected to grow at a CAGR of 1.5% during 2019-25.
UAE elevator and escalator market are anticipated to record substantial growth on the back of increasing non-oil sector contribution in the GDP, improving economic conditions of the country, implementation of strict localization targets and value added tax (VAT). Additionally, upcoming mega events such as Expo 2020 and several government-backed initiatives have proved to be the key drivers for the widespread construction activities across several sub-segments of the UAE economy. All these factors would lead to an increase in demand for elevator & escalator in the commercial domain over the coming years.
Continued investment ahead of the mega event - Expo 2020, expansion of Al Maktoum International airport, an extension of red and green lines of Dubai metro, Abu Dhabi metro and several other commercial and residential projects, would drive the demand for elevators & escalators in UAE in near future.
Further, the elevator segment captured the majority of the market share in the overall elevators & escalators market in UAE, wherein the majority of the installations were witnessed in residential, retail, transportation and hospitality sectors. Amongst all the elevators segments, passenger elevators acquired the highest revenue share of the market.
The Northern region of UAE, which includes emirates such as Dubai and Sharjah, captured the highest UAE elevator & escalator market share in 2018. However, the Southern region including Abu Dhabi is expected to witness significant growth over the coming years as the government has launched Economic Vision 2030 for diversification of the economy and to attract foreign investment in the non-oil sectors of the region, such as manufacturing, transportation and tourism. However, during the forecast period, the new installation market for elevator & escalator in UAE is expected to witness sluggish growth on account of completion of the majority of the construction projects in the country by 2020.
The report thoroughly covers the market by elevator types, escalator types, services types and applications. The report provides an unbiased and detailed analysis of the on-going UAE elevator and escalator Market 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 Topics Covered:
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. UAE Elevator and Escalator Market Overview
3.1. Country Overview
3.2. UAE New Installation Elevator and Escalator Market Revenues & Volume, 2015-2025F
3.2.1. UAE New Installation Elevator and Escalator Market Revenue Share, By Types, 2018 & 2025F
3.3. UAE Elevator and Escalator Services Market Revenues, 2015-2025F
3.3.1. UAE Elevator and Escalator Services Market Revenue Share, By Types, 2018 & 2025F
3.3.2. UAE Elevator and Escalator Services Market Revenue Share, By Services Types, 2018 & 2025F
3.4. UAE Elevator and Escalator Market Revenue Share, By Applications, 2018 & 2025F
3.5. UAE Elevator and Escalator Market Revenue Share, By Regions, 2018 & 2025F
3.6. UAE Elevator and Escalator Market - Industry Life Cycle, 2018
3.7. UAE Elevator and Escalator Market - Porter's Five Forces
4. UAE Elevator and Escalator Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. UAE Elevator and Escalator Market Trends
6. UAE Elevator Market Overview
6.1. UAE New Installation Elevator Market Revenues & Volume, 2015-2025F
6.1.1. UAE New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.2. UAE Elevator Services Market Revenues, 2015-2025F
6.2.1. UAE Elevator Services Market Revenues, By Services Types, 2015-2025F
6.3. UAE Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.3.1. UAE Elevator Market Revenues, By Applications, 2015-2025F
7. UAE Escalator Market Overview
7.1. UAE New Installation Escalator Market Revenues & Volume, 2015-2025F
7.1.1. UAE New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
7.2. UAE Escalator Services Market Revenues, 2015-2025F
7.2.1. UAE Escalator Services Market Revenues, By Service Types, 2015-2025F
8. UAE Elevator and Escalator Market Overview, By Applications
8.1. UAE Commercial Application Elevator and Escalator Market Revenues, 2015-2025F
8.2. UAE Industrial Application Elevator and Escalator Market Revenues, 2015-2025F
8.3. UAE Residential Application Elevator and Escalator Market Revenues, 2015-2025F
9. UAE Elevator and Escalator Market Key Performance Indicators
9.1. UAE Government Spending Outlook
9.2. UAE Commercial Sector Outlook
9.3. UAE Industrial Sector Outlook
9.4. UAE Residential Sector Outlook
10. UAE Elevator and Escalator Market Opportunity Assessment
10.1. UAE Elevator and Escalator Market Opportunity Assessment, By Applications, 2025F
11. UAE Elevator and Escalator Market Competitive Landscape
11.1. UAE Elevator and Escalator Market Competitive Benchmarking, By Product Types
11.2. UAE Elevator and Escalator Market Revenue Share, By Company, 2018
12. Company Profiles
13. Key Strategic Recommendations
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