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Elevator and Escalator Services Market in GCC Countries 2021-2025

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    Report

  • 120 Pages
  • May 2021
  • Region: Middle East
  • TechNavio
  • ID: 5188705
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The publisher has been monitoring the elevator and escalator services market in GCC countries and it is poised to grow by $ 765.96 mn during 2021-2025, progressing at a CAGR of almost 7% during the forecast period. The report on elevator and escalator services market in GCC countries provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current GCC countries market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for smart elevators and growing trend of smart cities.

The elevator and escalator services market in GCC countries analysis includes product segment and geographic landscape.

The elevator and escalator services market in GCC countries is segmented as below:

By Product
  • Elevators
  • Escalators

By Geographical Landscape
  • Saudi Arabia
  • Qatar
  • UAE
  • Bahrain
  • ROW

This study identifies the steady growth in construction activities as one of the prime reasons driving the elevator and escalator services market in GCC countries growth during the next few years.

The report on elevator and escalator services market in GCC countries covers the following areas:
  • Elevator and escalator services market in GCC countries sizing
  • Elevator and escalator services market in GCC countries forecast
  • Elevator and escalator services market in GCC countries industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator services market in GCC countries vendors that include Alfa Elevators, Elco Ltd., Fujitec Co. Ltd., G.I.TECH Lifts & Escalators LLC, Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., and Schindler Holding Ltd. Also, the elevator and escalator services market in GCC countries analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

Executive Summary
  • Market overview

Market Landscape
  • Market ecosystem
  • Value chain analysis

Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025
  • Impact of COVID-19 on the industrials sector
  • Recovery phase

Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product
  • Market segments
  • Comparison by Product
  • Elevators - Market size and forecast 2020-2025
  • Escalators - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • Saudi Arabia - Market size and forecast 2020-2025
  • Qatar - Market size and forecast 2020-2025
  • UAE - Market size and forecast 2020-2025
  • Bahrain - Market size and forecast 2020-2025
  • Rest of GCC - Market size and forecast 2020-2025
  • Kuwait
  • Oman
  • Market opportunity By Geographical Landscape
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape
  • Overview
  • Landscape disruption

Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Alfa Elevators
  • Elco Ltd.
  • Fujitec Co. Ltd.
  • G.I.TECH Lifts & Escalators LLC
  • Hitachi Ltd.
  • Hyundai Elevator Co. Ltd.
  • KONE Corp.
  • Mitsubishi Electric Corp.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.

Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibits
  • Key Finding 1
  • Key Finding 2
  • Key Finding 5
  • Key Finding 6
  • Parent market
  • Market characteristics
  • Offerings of vendors included in the market definition
  • Market segments
  • Global - Market size and forecast 2020 - 2025 ($ million)
  • Global market: Year-over-year growth 2020 - 2025 (%)
  • Five forces analysis 2020 & 2025
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition - Five forces 2020
  • Product - Market share 2020-2025 (%)
  • Comparison by Product
  • Elevators - Market size and forecast 2020-2025 ($ million)
  • Elevators - Year-over-year growth 2020-2025 (%)
  • Escalators - Market size and forecast 2020-2025 ($ million)
  • Escalators - Year-over-year growth 2020-2025 (%)
  • Market opportunity by Product
  • Customer landscape
  • Impact of drivers and challenges
  • Vendor landscape
  • Landscape disruption
  • Industry risks
  • Vendors covered
  • Market positioning of vendors
  • Alfa Elevators - Overview
  • Alfa Elevators - Product and service
  • Alfa Elevators - Key offerings
  • Alfa Elevators - Key customers
  • Alfa Elevators - Segment focus
  • Elco Ltd. - Overview
  • Elco Ltd. - Product and service
  • Elco Ltd. - Key offerings
  • Elco Ltd. - Key customers
  • Elco Ltd. - Segment focus
  • Fujitec Co. Ltd. - Overview
  • Fujitec Co. Ltd. - Business segments
  • Fujitec Co. Ltd. - Key offerings
  • Fujitec Co. Ltd. - Key customers
  • Fujitec Co. Ltd. - Segment focus
  • G.I.TECH Lifts & Escalators LLC - Overview
  • G.I.TECH Lifts & Escalators LLC - Product and service
  • G.I.TECH Lifts & Escalators LLC - Key offerings
  • G.I.TECH Lifts & Escalators LLC - Key customers
  • G.I.TECH Lifts & Escalators LLC - Segment focus
  • Hitachi Ltd. - Overview
  • Hitachi Ltd. - Business segments
  • Hitachi Ltd. - Key offerings
  • Hitachi Ltd. - Key customers
  • Hitachi Ltd. - Segment focus
  • Hyundai Elevator Co. Ltd. - Overview
  • Hyundai Elevator Co. Ltd. - Product and service
  • Hyundai Elevator Co. Ltd. - Key offerings
  • Hyundai Elevator Co. Ltd. - Key customers
  • Hyundai Elevator Co. Ltd. - Segment focus
  • KONE Corp. - Overview
  • KONE Corp. - Business segments
  • KONE Corp. - Key offerings
  • KONE Corp. - Key customers
  • KONE Corp. - Segment focus
  • Mitsubishi Electric Corp. - Overview
  • Mitsubishi Electric Corp. - Business segments
  • Mitsubishi Electric Corp. - Key offerings
  • Mitsubishi Electric Corp. - Key customers
  • Mitsubishi Electric Corp. - Segment focus
  • Otis Worldwide Corp. - Overview
  • Otis Worldwide Corp. - Business segments
  • Otis Worldwide Corp. - Key offerings
  • Otis Worldwide Corp. - Key customers
  • Otis Worldwide Corp. - Segment focus
  • Schindler Holding Ltd. - Overview
  • Schindler Holding Ltd. - Business segments
  • Schindler Holding Ltd. - Key offerings
  • Schindler Holding Ltd. - Key customers
  • Schindler Holding Ltd. - Segment focus
  • Currency conversion rates for US$
  • Research Methodology
  • Validation techniques employed for market sizing
  • Information sources
  • List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the elevator and escalator services market in GCC countries: Alfa Elevators, Elco Ltd., Fujitec Co. Ltd., G.I.TECH Lifts & Escalators LLC, Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., and Schindler Holding Ltd.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is the steady growth in construction activities.`

According to the report, one of the major drivers for this market is the increasing demand for smart elevators.

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.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alfa Elevators
  • Elco Ltd.
  • Fujitec Co. Ltd.
  • G.I.TECH Lifts & Escalators LLC
  • Hitachi Ltd.
  • Hyundai Elevator Co. Ltd.
  • KONE Corp.
  • Mitsubishi Electric Corp.
  • Otis Worldwide Corp.
  • Schindler Holding Ltd.