Saudi Arabia Elevator and Escalator Market to 2025: Markets Forecast by Types (Elevator, Escalator), Applications (Commercial, Industrial, Residential), Services (Maintenance & Modernization)
DUBLIN, Nov. 6, 2019 /PRNewswire/ -- The "Saudi Arabia Elevator and Escalator Market (2019-2025): Markets Forecast by Types (Elevator, Escalator), by Applications (Commercial, Industrial, Residential), by Services (Maintenance & Modernization) and Competitve Landscape" report has been added to ResearchAndMarkets.com's offering.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Saudi Arabia Elevator and Escalator Market is projected to grow at a CAGR of 4.2% during 2019-25.
Saudi Arabia elevator and escalator market registered high installation during 2015-16 due to completion of ongoing construction projects in the country. However, in 2017 and 2018, the market saw a decline due to halt in government projects in the country, lack of funding owing to the growing fiscal deficit and decline in oil prices, that in turn, resulted in decrease in government revenues. Healthy growth is anticipated during the forecast period on account of projected growth in the construction market especially of high rise building along with upcoming new hotels & shopping malls and increasing inflow of FDI in the construction and retail sectors.
The elevator segment captured major share in the overall elevators & escalators market in Saudi Arabia, wherein majority of the installations were witnessed in residential, retail, transportation and hospitality sectors. Amongst all the elevators segments, passenger elevators acquired highest revenue share of the market.
The commercial application market is the leading revenue generating segment in the Saudi Arabia elevators and escalators market owing to increase in installation of elevators and escalators in the retail and transportation market, especially of moving walkways in the retail market. Additionally, major hotel chains are expanding their presence across the country and large-scale government infrastructure development projects, such as airport expansions and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in demand for elevators and escalators in the country in near future.
In Saudi Arabia, the Central region held majority of the market share, in terms of volume owing to increasing infrastructure development activities, especially in the commercial and residential verticals. During the forecast period, the Western region is expected to register higher growth in the market. Further, the new installation segment is the key revenue generator in the overall Saudi Arabia elevators and escalators market as urbanization and infrastructure development continue to play an important role in the region.
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 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 Summery
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. Saudi Arabia Elevator and Escalator Market Overview
3.1. Country Overview
3.2. Saudi Arabia New Installation Elevator and Escalator Market Revenues & Volume, 2015-2025F
3.2.1. Saudi Arabia New Installation Elevator and Escalator Market Revenue Share, By Types, 2018 & 2025F
3.3. Saudi Arabia Elevator and Escalator Services Market Revenues, 2015-2025F
3.3.1. Saudi Arabia Elevator and Escalator Services Market Revenue Share, By Types, 2018 & 2025F
3.3.2. Saudi Arabia Elevator and Escalator Services Market Revenue Share, By Services Types, 2018 & 2025F
3.4. Saudi Arabia Elevator and Escalator Market Revenue Share, By Applications, 2018 & 2025F
3.5. Saudi Arabia Elevator and Escalator Market Revenue Share, By Regions, 2018 & 2025F
3.6. Saudi Arabia Elevator and Escalator Market - Industry Life Cycle, 2018
3.7. Saudi Arabia Elevator and Escalator Market - Porter's Five Forces
4. Saudi Arabia Elevator and Escalator Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Saudi Arabia Elevator and Escalator Market Trends
6. Saudi Arabia Elevator Market Overview
6.1. Saudi Arabia New Installation Elevator Market Revenues & Volume, 2015-2025F
6.1.1. Saudi Arabia New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.2. Saudi Arabia Elevator Services Market Revenues, 2015-2025F
6.2.1. Saudi Arabia Elevator Services Market Revenues, By Services Types, 2015-2025F
6.3. Saudi Arabia Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.3.1. Saudi Arabia Elevator Market Revenues, By Applications, 2015-2025F
7. Saudi Arabia Escalator Market Overview
7.1. Saudi Arabia New Installation Escalator Market Revenues & Volume, 2015-2025F
7.1.1. Saudi Arabia New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
7.2. Saudi Arabia Escalator Services Market Revenues, 2015-2025F
7.2.1. Saudi Arabia Escalator Services Market Revenues, By Service Types, 2015-2025F
8. Saudi Arabia Elevator and Escalator Market Overview, By Applications
8.1. Saudi Arabia Commercial Application Elevator and Escalator Market Revenues, 2015-2025F
8.2. Saudi Arabia Industrial Application Elevator and Escalator Market Revenues, 2015-2025F
8.3. Saudi Arabia Residential Application Elevator and Escalator Market Revenues, 2015-2025F
9. Saudi Arabia Elevator and Escalator Market Key Performance Indicators
9.1. Saudi Arabia Government Spending Outlook
9.2. Saudi Arabia Residential Sector Outlook
9.3. Saudi Arabia Commercial Sector Outlook
9.4. Saudi Arabia Industrial Sector Outlook
10. Saudi Arabia Elevator and Escalator Market Opportunity Assessment
10.1. Saudi Arabia Elevator and Escalator Market Opportunity Assessment, By Applications, 2025F
11. Saudi Arabia Elevator and Escalator Market Competitive Landscape
11.1. Saudi Arabia Elevator and Escalator Market Competitive Benchmarking, By Product Types
11.2. Saudi Arabia Elevator and Escalator Market Revenue Share, By Company, 2018
12. Company Profiles
13. Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/z860v6
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
