DUBLIN, Feb. 15, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2gv2l3/saudi_arabia) has announced the addition of the "Saudi Arabia Elevators and Escalators Market (2016-2022)" report to their offering.
Saudi Arabia's Elevator & Escalator market revenue is projected to grow at a CAGR of 1.9% during 2016-22. In Saudi Arabia's elevator and escalator market, elevators segment market accounts for majority of the revenue share followed by the escalators which consist of moving stairs and moving walkways.
Surging investments to expand public and private infrastructures, construction of metros & airports and growth of retail & hospitality sectors have fueled elevator & escalator market in Saudi Arabia.
The continuous growth in the construction market and rising government expenditure on infrastructure development have impacted for their wide installation across Saudi Arabia in last few years. However, with slumping oil prices in the international market, investments from the government is expected to decline, which would affect the overall growth of the market.
Amongst all verticals, commercial vertical market has led the market revenue followed by the residential and industrial vertical market. Commercial market is expected to maintain its market leadership through the forecast period as well. Additionally, western and central regions of Saudi Arabia accounted for major share of the market.
Saudi Arabia Elevator & Escalator Market Dynamics
- High Speed Elevator and Escalator
- Growing Acceptances of Smart Elevators in Saudi Arabia
- Government Spending on Infrastructure
- Green Elevators and escalators
- Increasing FDI and Surging Industry Collaborations
Markets Covered
- Segments
-- Elevators
--- Geared & Non Geared with Machine Room
--- Hydraulic
--- Machine Room Less
-- Excavators
--- Moving Stairs
--- Moving Walkways
- Verticals
-- Commercial
-- Residential
-- Industrial
- Services
-- New Installation
-- Modernization
-- Maintenance
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Global Elevator & Escalator Market Overview
4 Saudi Arabia Country Analysis
5 Saudi Arabia Elevator & Escalator Market Overview
6 Saudi Arabia Elevator & Escalator Market Dynamics
7 Saudi Arabia Elevator & Escalator Market Trends
8 Saudi Arabia Elevator Market Overview
9 Saudi Arabia Escalator Market Overview
10 Saudi Arabia Elevator & Escalator Services Market Overview
11 Saudi Arabia Elevator & Escalator Vertical Market Overview
12 Saudi Arabia Elevator & Escalator Regional Market Overview
13 Competitive Landscape
14 Company Profiles
15 Key Strategic Pointers
Companies Mentioned
- Fujitec Saudi Arabia Co. Ltd
- Gulf Elevator & Escalator Co. Ltd.
- Hyundai Elevator Co. Ltd
- Kone Areeco Ltd.
- Mitsubishi Electric Saudi Ltd
- Otis Elevator Company Saudi Arabia Ltd.
- Schindler Olayan Elevator Co. Ltd.
- ThyssenKruppElevator Saudi Co. Ltd.
- Toshiba Elevator Middle East
For more information visit
http://www.researchandmarkets.com/research/2gv2l3/saudi_arabia
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
