Elevator and Escalator Market in Saudi Arabia 2012-2016
- ID: 2408092
- January 2013
- Region: Saudi Arabia
- 44 pages
TechNavio's analysts forecast the Elevators and Escalators market in Saudi Arabia to grow at a CAGR of 6.90 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in civil and construction activities across Saudi Arabia. The Elevators and Escalators market in Saudi Arabia has also been witnessing the emergence of eco-friendly elevators and escalators. However, the need for increased capital costs could pose a challenge to the growth of this market.
TechNavio's report, the Elevators and Escalators Market in Saudi Arabia 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on Saudi Arabia; it also covers the Elevators and Escalators market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Fujitec Co. Ltd., Mitsubishi Electric Saudi Ltd., and Schindler Group.
The other vendors mentioned in the report are Gulf Elevator and Escalators Company Ltd (GEEC), Kone Corp., ThyssenKrupp AG, Otis Elevator Company, Hyundai Elevators Co. Ltd, and Toshiba Elevator and Building Systems Corp.
Key questions answered in this report:
What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
The report is also available as part of our annual subscription offer. Please get in touch with our customer service team in order to find out more. SHOW LESS READ MORE >
01. Executive Summary
03. Market Coverage
04. Market Landscape
04.1 Market Size and Forecast
04.2 Elevators Market in Saudi Arabia
04.3 Escalators Market in Saudi Arabia
04.4 Age of Elevators and Escalators in Saudi Arabia
04.5 End-user Segmentation
04.6 Five Forces Analysis
05. Geographical Segmentation
06. Vendor Landscape
07. Buying Criteria
08. Market Growth Drivers
09. Drivers and Their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
13.1 Mitsubishi Electric Saudi Ltd.
13.2 Fujitec Co. Ltd.
13.3 Schindler Group
14. Other Reports in this Series
List of Exhibits:
Exhibit 1: Elevators and Escalators Market in Saudi Arabia 2012-2016 (units)
Exhibit 2: Elevators Market in Saudi Arabia 2012-2016 (units)
Exhibit 3: Escalators Market in Saudi Arabia 2012-2016 (units)
Exhibit 4: Comparison of Units Sales of Elevators and Escalators in Saudi Arabia 2012-2016 (percent)
Exhibit 5: Age of Elevators in Saudi Arabia 2012 (percent)
Exhibit 6: Age of Escalators in Saudi Arabia 2012 (percent)
Exhibit 7: Elevators and Escalators Market in Saudi Arabia by End-User Segmentation 2012
Exhibit 8: Elevators Market in Saudi Arabia by Geographical Segmentation 2012
Exhibit 9: Escalators Market in Saudi Arabia by Geographical Segmentation 2012
Exhibit 10: Elevators Market in Saudi Arabia by Vendor Segmentation 2012
Exhibit 11: Escalators Market in Saudi Arabia by Vendor Segmentation 2012
Exhibit 12: Construction Industry in Saudi Arabia Outlook 2011-2013 (US$ billion)
TechNavio Announces the Publication of its Research Report - Elevators and Escalators Market in Saudi Arabia 2012-2016
TechNavio today launched its report, Elevators and Escalators Market in Saudi Arabia 2012-2016, based on an in-depth analysis exclusively focusing on Saudi Arabia. The report aims to aid decision makers' understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Movement within buildings is more time consuming in the taller buildings and skyscrapers that are now being built. Therefore, legacy elevators moving at a speed of 2-5 meters per second cannot be used as an effective means of transportation in today's tall buildings. For this reason, several vendors are developing high-speed elevators that will enable the faster movement of people and goods within buildings by reducing the weight of elevator cars and incorporating high-powered motors to increase speed.''
According to the report, one of the main drivers is the increase in civil construction activities in Saudi Arabia. The increase in the construction of commercial, residential, and industrial buildings drives the increased adoption of elevators and escalators.
Further, the report reveals that one of the main challenges in the market is the high cost of elevators and escalators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.