Saudi Arabia elevator and escalator market have registered high installation as a result of the completion of ongoing construction projects in the country. According to the research, Saudi Arabia Elevator & Escalator Market is expected to grow at a CAGR of 4.9% during 2018-24. In 2017, the market declined due to falling government spending owing to declining oil prices. The market is anticipated to bounce back with a recovery of oil prices post 2017. Growing urbanization rate and rise in the installation of elevators in the residential sector in Saudi Arabia is forecast to boost the growth of the Elevator and Escalator market. Amongst all the elevators segments, machine room elevators acquired the highest revenue share of the market.

Regional Analysis:
In Saudi Arabia, the central region held the major market for Elevator and Escalator systems 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.

The report thoroughly covers the market by elevators and escalators types, sub-segments, verticals, and regions. 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 a device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:
• Historical data of Global Elevator and Escalator Market for the Period 2014-2017
• Market Size & Forecast of Global Elevator and Escalator Market until 2024
• Historical data of Saudi Arabia Elevator and Escalator Market Revenues & Volume for the Period 2014-2017
• Historical data of Saudi Arabia Elevators Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Saudi Arabia Elevators Market Revenues & Volume until 2024
• Market Size & Forecast of Saudi Arabia Escalators Market Revenues & Volume until 2024
• Historical data of Saudi Arabia Elevator and Escalator Vertical Market Revenues for the Period 2014-2017


• By Segments
    o Elevators
             Machine Room
             Machine Room Less
    o Escalator
             Moving Stairs
             Moving Walkways

Category:  Construction Market Research

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