The Elevator and Escalator market in Saudi Arabia is witnessing the emergence of “green elevators and escalators in the region. As a result of the growing demand for energy-efficient elevators and escalators in Saudi Arabia, vendors are spending more on their R&D activities to develop new-generation products. For instance, “Schindler 3300” elevators by Schindler claim to be 60 percent more energy-efficient than traditional hydraulic elevators. Mitsubishi's R&D activities are focused on manufacturing Mitsubishi elevators and escalators “Number One Green” in the industry. Otis claims its Gen2 machine-roomless elevators reduce energy consumption by 50 per cent of that of traditional units. Moreover, elevators are being incorporated with corridor illumination controls that help in reducing energy consumption in buildings. Furthermore, vendors are designing elevators that shut down their inside lighting until a passenger call arises. Vendors are also incorporating regenerative drives into elevators for increased energy saving. Thus, the Elevator and Escalator market in Saudi Arabia is expected to witness the demand for “green elevators” being increased during the forecast period.
Elevator & Escalator Industry of Saudi Arabia Growth and Expansion, 2014-2018
1. Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
Saudi Arabia Escalator & Elevator Industry Forecast and
Development Report, 2014-2018
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The Elevator and Escalator market in Saudi Arabia is witnessing the emergence of “green
elevators and escalators in the region. As a result of the growing demand for energyefficient elevators and escalators in Saudi Arabia, vendors are spending more on their R&D
activities to develop new-generation products. For instance, “Schindler 3300” elevators by
Schindler claim to be 60 percent more energy-efficient than traditional hydraulic elevators.
Mitsubishi's R&D activities are focused on manufacturing Mitsubishi elevators and escalators
“Number One Green” in the industry. Otis claims its Gen2 machine-roomless elevators
reduce energy consumption by 50 per cent of that of traditional units. Moreover, elevators
are being incorporated with corridor illumination controls that help in reducing energy
consumption in buildings. Furthermore, vendors are designing elevators that shut down
their inside lighting until a passenger call arises. Vendors are also incorporating
regenerative drives into elevators for increased energy saving. Thus, the Elevator and
Escalator market in Saudi Arabia is expected to witness the demand for “green elevators”
being increased during the forecast period.
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The analysts forecast the Elevator and Escalator market in Saudi Arabia to grow at a CAGR
of 6.08 percent over the period 2013-2018. According to the report, the Elevator and
Escalator market in Saudi Arabia is driven by many growth factors, one of which is the
increasing construction of skyscrapers. This has driven the growth of the market in Saudi
Arabia as the sale of elevators and escalators is highly correlated with the construction of
high buildings. The rising demand for commercial and residential buildings is fueling the
growth of the market.
The report, the Elevator and Escalator Market in Saudi Arabia 2014-2018, has been
prepared based on an in-depth market analysis with inputs from industry experts. The
report covers Saudi Arabia; it also covers the Elevator and Escalator market in Saudi Arabia
market landscape and its growth prospects in the coming years. The report also includes a
discussion of the key vendors operating in this market.
Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
2. Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
Te Report recognizes the following companies as the key players in Elevator and Escalator
Market in Saudi Arabia: Fujitec Saudi Arabia Co. Ltd., Mitsubishi Electric Saudi Ltd., Otis
Elevator Co. Saudi Arabia Ltd., and Schindler Olayan Elevator Co. Ltd.
Other vendors mentioned in the report are Gulf Elevators and Escalators Co. Ltd., Hyundai
Elevator Co. Ltd., KONE Corp., SIGMA Elevator Co., and ThyssenKrupp AG.
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Key questions answered in this report:
What will the market size be in 2018 and what will be the growth rate?
What are 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 key vendors?
What are the strengths and weaknesses of each of these key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Saudi Arabia: An Overview
07. Saudi Arabia Construction Market: Overview
07.1 Market Size and Forecast
07.2 Construction Projects by Region
07.2.1 Riyadh
07.2.2 Jeddah
07.2.3 Mecca
07.2.4 Madina
07.2.5 Other Regions
08. Elevator and Escalator Market in Saudi Arabia: Market Landscape
08.1 Market Overview
08.2 Elevator and Escalator Market in Saudi Arabia by Installed Base
08.2.1 Elevator and Escalator Market in Saudi Arabia: Market Size and Forecast
Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
3. Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
08.2.2 Elevator Market in Saudi Arabia: Market Size and Forecast
08.2.3 Escalator Market in Saudi Arabia: Market Size and Forecast
08.2.4 Optimistic and Pessimistic Data Estimates
08.3 Elevator and Escalator Market in Saudi Arabia by New Installation
08.3.1 Elevator and Escalator Market in Saudi Arabia: Market Size and Forecast
08.3.2 Elevator Market in Saudi Arabia: Market Size and Forecast
08.3.3 Escalator Market in Saudi Arabia: Market Size and Forecast
08.3.4 Optimistic and Pessimistic Data Estimates
08.4 Five Forces Analysis
09. Geographical Segmentation
09.1 Elevator and Escalator Market in Saudi Arabia by Geographical Segmentation
09.1.1 Riyadh
09.1.2 Jeddah
09.1.3 Mecca
09.1.4 Madina
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1 Competitive Scenario
17.2 New Elevator Technologies
17.3 Industry News
17.4 Market Share Analysis 2013
17.5 Other Prominent Vendors
18. TechNavio's Point-of-Comparison Matrix
19. Key Vendor Analysis
19.1 Fujitec Saudi Arabia Co. Ltd.
19.1.1 Business Overview
19.1.2 Business Segmentation
19.1.3 Key Information
19.1.4 SWOT Analysis
19.2 Mitsubishi Electric Saudi Ltd.
19.2.1 Business Overview
19.2.2 Business Segmentation
19.2.3 Key Information
19.2.4 SWOT Analysis
19.3 Otis Elevator Co. Saudi Arabia Ltd.
19.3.1 Business Overview
19.3.2 Business Segmentation
Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
4. Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
19.3.3 Key Information
19.3.4 SWOT Analysis
19.4 Schindler Olayan Elevator Co. Ltd.
19.4.1 Business Overview
19.4.2 Business Segmentation
19.4.3 Key Information
19.4.4 SWOT Analysis
20. Other prominent Vendors
20.1 Gulf Elevators and Escalators Company
20.2 Hyundai Elevator
20.3 KONE
20.4 SIGMA Elevator
20.5 ThyssenKrupp
21. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Construction Market in Saudi Arabia 2013-2018 (US$ billion)
Exhibit 3: Elevator and Escalator Market in Saudi Arabia: Components
Exhibit 4: Elevator and Escalator Market in Saudi Arabia: Installed Base 2013-2018 (units)
Exhibit 5: Elevator Market in Saudi Arabia: Installed Base 2013-2018 (units)
Exhibit 6: Escalator Market in Saudi Arabia: Installed Base 2013-2018 (units)
Exhibit 7: Optimistic and Pessimistic Data: Elevator and Escalator Market in Saudi Arabia by
Installed Base 2013-2018 (units)
Exhibit 8: Optimistic and Pessimistic Data: Elevator Market in Saudi Arabia by Installed Base
2013-2018 (units)
Exhibit 9: Optimistic and Pessimistic Data: Escalator Market in Saudi Arabia by Installed Base
2013-2018 (units)
Exhibit 10: Elevator and Escalator Market in Saudi Arabia: New Installation per Year 2013-2018
(units)
Exhibit 11: Elevator Market in Saudi Arabia: New Installation per Year 2013-2018 (units)
Exhibit 12: Escalator Market in Saudi Arabia: New Installation per Year 2013-2018 (units)
Exhibit 13: Elevator and Escalator Market in Saudi Arabia: New Installation per Year 2013-2018
(units)
Exhibit 14: Elevator and Escalator Market in Saudi Arabia: New Installation per Year 2013-2018
Exhibit 15: Optimistic and Pessimistic Data: Elevator and Escalator Market in Saudi Arabia by
New Installation 2013-2018 (units)
Exhibit 16: Optimistic and Pessimistic Data: Elevator Market in Saudi Arabia by New
Installation 2013-2018 (units)
Exhibit 17: Optimistic and Pessimistic Data: Escalator Market in Saudi Arabia by New
Installation 2013-2018 (units)
Exhibit 18: Elevator and Escalator Market in Saudi Arabia: Installed Base by Region 2013
Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
5. Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018
Exhibit 19: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013 (units)
Exhibit 20: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013
Exhibit 21: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013 (units)
Exhibit 22: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013
Exhibit 23: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013 (units)
Exhibit 24: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013
Exhibit 25: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013 (units)
Exhibit 26: Elevator and Escalator Market in Riyadh: Installed Base by End-user Segmentation
2013
Exhibit 27: Elevators and Escalators Installed Base 2013 Consolidated: Top Five Cities of Saudi
Arabia (units)
Exhibit 28: Elevator and Escalator Market in Saudi Arabia by Vendor Segmentation 2013
Exhibit 29: Elevator and Escalator Market in Saudi Arabia: TechNavio's Point-of-Comparison
Matrix Parameters 2013
Exhibit 30: Elevator and Escalator Market in Saudi Arabia: TechNavio's Point-of-Comparison
Matrix 2013
Exhibit 31: Business Segmentation of Fujitec Saudi Co. Ltd.
Exhibit 32: Business Segmentation of MELSA Ltd.
Exhibit 33: Business Segmentation of Otis Elevator Co. Saudi Arabia Ltd.
Exhibit 34: Business Segmentation of Schindler Olayan Elevator Co. Ltd.
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Saudi Arabia Escalator & Elevator Industry Forecast and Development Report, 2014-2018