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Elevator and Escalator Market in Saudi Arabia 2015-2019

Elevator and Escalator Market in Saudi Arabia 2015-2019

About elevators and escalators

Elevators and escalators help move people and goods easily and efficiently within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

Technavio's analysts forecast the elevator and escalator market in Saudi Arabia to grow at a CAGR of 1.5%, in terms of newly installed units, over the period 2014-2019.

Covered in this report

In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in Saudi Arabia for the period 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the five key vendors in the market, and a brief description on other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, and highlights the key trends visible in the market.Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • GEEC
  • KONE
  • MELSA
  • Otis
  • Schindler
Other prominent vendors
  • Hyundai
  • SIGMA
  • ThyssenKrupp
  • Toshiba
Market driver
  • Rise in construction of high-rise buildings
  • For a full, detailed list, view our report
Market challenge
  • High cost of elevators and escalators
  • For a full, detailed list, view our report
Market trend
  • Adoption of green elevators and escalators
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 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?


Press Release

Technavio Announces the Publication of its Research Report – Elevators and Escalators Market in Saudi Arabia 2015-2019

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in Saudi Arabia: GEEC, KONE, MELSA, Otis and Schindler

The other prominent vendors are: Hyundai, SIGMA, ThyssenKrupp and Toshiba

Commenting on the report, an analyst from Technavio’s team said: “With the increase in construction of skyscrapers in Saudi Arabia, there is high demand for high-speed elevators in the country. Traditional elevators run at speeds of 6.5-29.5 feet per second. Construction companies are now installing high-speed elevators in their buildings to travel to the higher stories of the skyscrapers in minimal time. For instance, KONE will provide seven double-decker high-speed elevators for the Kingdom Tower in Jeddah. The 3,037 feet high tower, currently under construction, will become the tallest skyscraper in the world after its completion in 2019. The double-decker MiniSpace (range of elevators) for the towers, provided by KONE, will travel at a speed ranging from 32.8-41 feet per second.”

According to the report, the construction industry in Saudi Arabia attracted huge investments during 2013-2014. Due to the advances in technology in the construction market, the government plans to invest in the construction of high-rise building, including skyscrapers, during the forecast period.

Further, the report states that the high cost of elevators and escalators is likely to curtail market growth.

Companies Mentioned

GEEC, KONE, MELSA, Otis, Schindler, Hyundai, SIGMA, ThyssenKrupp,Toshiba

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Country overview
    • Table Economic snapshot
  • Industry overview
    • Overview of elevators
      • Table Classification of elevators
    • Overview of escalators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Elevator and escalator market in Saudi Arabia: Supply chain
      • Table Elevator and escalator market in Saudi Arabia: Supply chain
    • Elevator and escalator market in Saudi Arabia: Key investment opportunities
      • Table Elevator and escalator market in Saudi Arabia: Key investment opportunities
  • Market landscape
    • Market overview
      • Table Elevator and escalator market in Saudi Arabia 2014
    • Market size and forecast
      • Table Elevator and escalator market in Saudi Arabia 2014-2019 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Elevator and escalator market in Saudi Arabia by product installation 2014
      • Table Elevator and escalator market in Saudi Arabia: Comparison by growth rate of 2014-2019
    • Elevator market in Saudi Arabia
      • Table Elevator market in Saudi Arabia 2014-2019 (units)
    • Escalator market in Saudi Arabia
      • Table Escalator market in Saudi Arabia 2014-2019 (units)
      • Table Infrastructure projects in Saudi Arabia
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Market share analysis
      • Table Elevator and escalator market in Saudi Arabia: Vendor share 2014
    • Other prominent vendors
  • Key vendor analysis
    • Gulf Elevators & Escalators
    • OTIS Elevator Company Saudi Arabia
    • KONE Middle East
    • Mitsubishi Electric Saudi
      • Table Mitsubishi Electric Saudi: product portfolio
    • Schindler Olayan Elevator
      • Table Schindler Olayan Elevator: Product portfolio
  • Appendix
    • List of abbreviation
  • Explore Technavio

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