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Kuwait Elevator And Escalator Market Outlook 2021-2027: Market Forecast By Types Product, By Services, By Application, By Region

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    Report

  • 90 Pages
  • December 2021
  • Region: Kuwait
  • 6W Research
  • ID: 4770743

the residential segment is anticipated to grow at the highest rate in the overall market with 24% revenue share for elevators & escalators in the coming years owing to the upcoming housing ventures of high-rise buildings

Kuwait Elevator and Escalator Market report thoroughly covers the elevator and escalator market by types, service types, application, and regions. The report provides an unbiased and detailed analysis of the on-going Kuwait Elevator and Escalator Market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.

Kuwait Elevator and Escalator Market Synopsis


Kuwait elevator and escalator market is expected to exhibit moderate growth during the forecast period owing to the government investment into the construction sector and infrastructural development such Bubiyan Island, Silk City project, Kuwait National Rail Project, international airport expansion and many more. The market witnessed a slowdown in 2020 owing to the ongoing pandemic of COVID-19 which resulted in halt in construction projects, suspension of economic activities and lockdown across the country. However, with the gradual recovery of the economic activities and relaxation in lockdown measures, the market is expected to regain its momentum during the forecast period.

According to the publisher, Kuwait Elevator and Escalator Market size is projected to grow at a CAGR of 5.1% during 2021-2027. Kuwait elevator and escalator market is expecting a moderate rise in the coming years, where the expansion in the construction market, upcoming transportation and hospitality sector projects would complement the growth. Further, by type, elevator accounted for the highest share in 2020 due to its wider scope in residential and commercial sectors.


Market by Elevator Type Analysis

By types, passenger and home elevators accounted for more than 90% of market revenues, with, home elevators leading the market. Passenger elevators account a significant portion of the overall elevator market revenues and volume in 2020 owing to rising urbanization and a growing retail sector in the country. Further, passenger elevator is expected to continue dominating the market revenue share in the overall Kuwait elevator market during the forecast period owing to increasing demand for vertical transportation solutions in domains such as shopping malls, hotels, and public transport infrastructure.


Market by Application Analysis


By applications, the residential segment is anticipated to grow at the highest rate in the overall market with 24% revenue share for elevators & escalators in the coming years owing to the upcoming housing ventures of high-rise buildings within the nation such as the Al-Ahmad Residential City project, MGP City Arrange, and Abdali City which would be a new urban community of 50,000 individuals. Further, with Kuwait's construction sector recapturing its force, unfaltering development is anticipated in the market.


Key Attractiveness of the Report:


  • COVID-19 Impact on the Market
  • 10 Years Market Numbers
  • Historical Data Starting from 2017 to 2020
  • Base Year: 2020
  • Forecast Data until 2027
  • Key Performance Indicators Impacting the Market
  • Major Upcoming Developments and Projects

Key Highlights of the Report:


  • Kuwait Elevator and Escalator Market Overview
  • Kuwait Elevator and Escalator Market Outlook
  • Kuwait Elevator and Escalator Market Size
  • Kuwait Elevator and Escalator Market Forecast
  • Kuwait Elevator and Escalator Market Share
  • Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues for the Period 2017-2027F
  • Market Drivers and Restraints
  • Kuwait Elevator and Escalator Market Trends
  • Market Industry Life Cycle
  • Porter’s Five Forces Model
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations
  • Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type:

  • Elevator
  • Passenger
  • Cargo
  • Home
  • Escalator
  • Moving Stairways
  • Moving Walkways


By Service Type:

  • Maintenance
  • Modernization
  • By Application
  • Commercial
  • Industrial
  • Residential


By Regions:

  • Northern (Abdali, Ar Rawdatayn, Bubiyan)
  • Southern (Al Maqwa, Al Wafrah, Al Ahmadi)
  • Central (Al Jahrah, Al Abraq, Al Farwahniya, Salemy)

Table of Contents

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. Kuwait Elevator and Escalator Market Overview
3.1. Kuwait Elevator and Escalator Market Revenues
3.1.1. Kuwait Elevator and Escalator New Installation Market Revenues and Volume, 2017-2027F
3.1.2. Kuwait Elevator and Escalator Service Market Revenues, 2017-2027F
3.2. Kuwait Elevator and Escalator Market-Industry Life Cycle
3.4. Kuwait Elevator and Escalator Market-Porter’s Five Forces
3.5. Kuwait Elevator and Escalator Market Revenue Share, By Product Type
3.6. Kuwait Elevator and Escalator Market Revenue Share, By Application
3.7. Kuwait Elevator and Escalator Market Revenue Share, By Regions
4. Impact Analysis of COVID-19 on Kuwait Elevator and Escalator Market
5. Kuwait Elevator and Escalator Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restrains
6. Kuwait Elevator and Escalator Market Trends & Evolution
7. Kuwait Elevator Market Overview
7.1. Kuwait Elevator Market Revenues, 2017-2027F
7.2. Kuwait Elevator New Installation Market Revenues and Volume, 2017-2027F
7.3. Kuwait Elevator New Installation Market Revenue and Volume Share, By Type, 2020 & 2027F
7.3.1. Kuwait Elevator New Installation Market Revenues & Volume, By Passenger Elevator, 2017-2027F
7.3.2. Kuwait Elevator New Installation Market Revenues & Volume, By Cargo Elevator, 2017-2027F
7.3.3. Kuwait Elevator New Installation Market Revenues & Volume, By Home Elevator, 2017-2027F
7.4. Kuwait Elevator Market Revenue Share, By Service Type, 2020 & 2027F
7.4.1. Kuwait Elevator Service Market Revenues, By Maintenance, 2017-2027F
7.4.2. Kuwait Elevator Service Market Revenues, By Modernization, 2017-2027F
7.5. Kuwait Elevator Market Revenue Share, By Application, 2020 & 2027F
7.5.1. Kuwait Elevator Service Market Revenues, By Commercial Application, 2017-2027F
7.5.2. Kuwait Elevator Service Market Revenues, By Industrial Application, 2017-2027F
7.5.3. Kuwait Elevator Service Market Revenues, By Residential Application, 2017-2027F
8. Kuwait Escalator Market Overview
8.1. Kuwait Escalator Market Revenues, 2017-2027F
8.2. Kuwait Escalator New Installation Market Revenues and Volumes, 2017-2027F
8.3. Kuwait Escalator New Installation Market Revenue and Volume Share, By Type, 2020 & 2027F
8.3.1. Kuwait Escalator New Installation Market Revenues and Volume, By Moving Stairway, 2017-2027F
8.3.2. Kuwait Escalator New Installation Market Revenues and Volume, By Moving Walkway, 2017-2027F
8.4. Kuwait Escalator Market Revenue Share, By Service Type, 2020 & 2027F
8.4.1. Kuwait Escalator Service Market Revenues, By Maintenance, 2017-2027F
8.4.2. Kuwait Escalator Service Market Revenues, By Modernization, 2017-2027F
8.5. Kuwait Escalator Market Revenue Share, By Application, 2020 & 2027F
8.5.1. Kuwait Escalator Market Revenues, By Residential Application, 2017-2027F
8.5.2. Kuwait Escalator Market Revenues, By Commercial Application, 2017-2027F
8.5.3. Kuwait Escalator Market Revenues, By Industrial Application, 2017-2027F
9. Kuwait Elevator and Escalator Market Revenues, By Application
9.1. Kuwait Elevator & Escalator Market Revenues, By Residential Application, 2017-2027F
9.2. Kuwait Elevator & Escalator Market Revenues, By Commercial Application, 2017-2027F
9.3. Kuwait Elevator & Escalator Market Revenues, By Industrial Application, 2017-2027F
10. Kuwait Elevator and Escalator Market Revenues, By Regions
10.1. Kuwait Elevator & Escalator Market Revenues, By Northern Region, 2017-2027F
10.2. Kuwait Elevator & Escalator Market Revenues, By Southern Region, 2017-2027F
10.3. Kuwait Elevator & Escalator Market Revenues, By Central Region, 2017-2027F
11. Kuwait Elevator and Escalator Market, Key Performance Indicators
12. Kuwait Elevator and Escalator Market Opportunity Assessment
12.1. Kuwait Elevator and Escalator Market Opportunity Assessment, By Product Type, 2027F
12.2. Kuwait Elevator Market Opportunity Assessment, By Types, 2027F
12.3. Kuwait Elevator Market Opportunity Assessment, By Application, 2027F
12.4. Kuwait Escalator Market Opportunity Assessment, By Types, 2027F
12.5. Kuwait Escalator Market Opportunity Assessment, By Application, 2027F
13. Kuwait Elevator and Escalator Market Competitive Landscape
13.1. Kuwait Elevator and Escalator Market Revenues Share, By Companies, 2020
13.2. Kuwait Elevator and Escalator Market Competitive Benchmarking, By Technical Parameters
13.3. Kuwait Elevator and Escalator Market Competitive Benchmarking, By Operating Parameters
14. Company Profiles
14.1. Otis Elevator Company
14.2. TK Elevator Kuwait
14.3. Hitachi Limited
14.4. Hyundai Elevator Co Ltd
14.5. Kone Corporation
14.6. Mitsubishi Electric Corporation
14.7. Fuji Lifts Kw
14.8. Modayan Elevators
14.9. Abyat Elevators
14.10. Golden Atlantic Company for Elevators & Escalators W.L.L.
15. Key Strategic Recommendations16. Disclaimer
List of Figures
Figure 1. Kuwait Elevator and Escalator Market Revenues, 2017-2027F (USD Million)
Figure 2. Kuwait Elevator and Escalator New Installation Market Revenues and Volume, 2017-2027F (USD Million, Units)
Figure 3. Kuwait Elevator and Escalator Service Market Revenues, 2017-2027F (USD Million)
Figure 4. Kuwait Elevator and Escalator Market Revenue Share, By Product Type, 2020 & 2027F
Figure 5. Kuwait Elevator and Escalator Market Revenue Share, By Application, 2020 & 2027F
Figure 6. Kuwait Elevator and Escalator Market Revenue Share, By Regions, 2020 & 2027F
Figure 7. Number of Tourist Arrival in Kuwait, (Million) 2016-2021
Figure 8. Kuwait Elevator Market Revenues, 2017-2027F (USD Million)
Figure 9. Kuwait Elevator New Installation Market Revenues, 2017-2027F (USD Million)
Figure 10. Kuwait Elevator New Installation Market Volume, 2017-2027F (Units)
Figure 11. Kuwait Elevator New Installation Market Revenue Share, By Type, 2020 & 2027F
Figure 12. Kuwait Elevator New Installation Market Volume Share, By Type, 2020 & 2027F
Figure 13. Kuwait Elevator Market Revenue Share, By Service Type, 2020 & 2027F
Figure 14. Kuwait Elevator Market Revenue Share, By Application, 2020 & 2027F
Figure 15. Kuwait Escalator Market Revenues, 2017-2027F (USD Million)
Figure 16. Kuwait Escalator New Installation Market Revenues, 2017-2027F (USD Million)
Figure 17. Kuwait Escalator New Installation Market Volume, 2017-2027F (Units)
Figure 18. Kuwait Escalator New Installation Market Revenue Share, By Type, 2020 & 2027F
Figure 19. Kuwait Escalator New Installation Market Volume Share, By Type, 2020 & 2027F
Figure 20. Kuwait Escalator Market Revenue Share, By Service Type, 2020 & 2027F
Figure 21. Kuwait Escalator Market Revenue Share, By Application, 2020 & 2027F
Figure 22. Kuwait Residential & Non-Residential Building Industry Value, 2020-2025F
Figure 23. Proposed Construction Projects By Sector (By Value), 2020
Figure 24. Kuwait Elevator and Escalator Market Opportunity Assessment, By Product Type, 2027F
Figure 25. Kuwait Elevator Market Opportunity Assessment, By Type, 2027F
List of Table
Table 1. Upcoming Hotel Projects in Kuwait
Table 2. Kuwait Construction and Infrastructure Data, 2021E-2030F
Table 3. List of Upcoming Major Projects in Kuwait
Table 4. Kuwait Building Projects Announced by Technical Bureau
Table 5. Elevator and Escalator Maintenance Cost
Table 6. Average Selling Price of Elevator and Escalator
Table 7. Kuwait Elevator New Installation Market Revenues, By Type, 2017-2027F (USD Million)
Table 8. Kuwait Elevator New Installation Market Volume, By Type, 2017-2027F (Units)
Table 9. Kuwait Elevator Market Revenues, By Service Type, 2017-2027F (USD Million)
Table 10. Kuwait Elevator Market Revenues, By Application, 2017-2027F (USD Million)
Table 11. Kuwait Escalator New Installation Market Revenues, By Type, 2017-2027F (USD Million)
Table 12. Kuwait Escalator New Installation Market Volume, By Type, 2017-2027F (Units)
Table 13. Kuwait Escalator Market Revenues, By Service Type, 2017-2027F (USD Million)
Table 14. Kuwait Escalator Market Revenues, By Application, 2017-2027F (USD Million)
Table 15. Kuwait Elevator and Escalator Market Revenues, By Application, 2017-2027F (USD Million)
Table 16. Kuwait Elevator and Escalator Market Revenues, By Regions, 2017-2027F (USD Million)

Companies Mentioned

  • Otis Elevator Company
  • TK Elevator Kuwait
  • Hitachi Limited
  • Hyundai Elevator Co Ltd
  • Kone Corporation
  • Mitsubishi Electric Corporation
  • Fuji Lifts Kw
  • Modayan Elevators
  • Abyat Elevators
  • Golden Atlantic Company for Elevators & Escalators W.L.L.