elevator and escalator market in saudi arabia 2015-2019
TRANSCRIPT
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.
Elevator and Escalator Market in Saudi Arabia
2015-2019
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Market Overview
• 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.
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Key Vendors and Regions
• GEEC
• KONE
• MELSA
• Otis
• Schindler
• Hyundai
• SIGMA
• ThyssenKrupp
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• Saudi Arabia
Vendors Regions
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Key Findings• The growth of the elevator and escalator market in the country is attributed to
the rapid growth of the construction market.
• With sustained growth of the economy and the rise in the country’s population, the demand for high-quality public infrastructure in the country is increasing.
• Therefore, under the Tenth Development Plan (2015-2019), the government of Saudi Arabia will focus on the development of the country’s infrastructure.
• Saudi Arabia has become one of the major potential markets among GCC countries.
• Owing to the steady growth of the market, Hyundai elevator (currently does not have significant presence in the market) is keen on expanding its operations in the country.
• Vendors such as these are either entering the market through joint ventures or strategic partnerships or making a direct entry.
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Key Questions Answered in Our 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?
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Elevator and Escalator Market in Saudi Arabia 2015-2019 51 Pages | SKU: IRTNTR6882
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