An elevator is a mode of vertical transport in a high-rise building. It generally operates on the principle of counterweight systems and drive traction cables or using the pressure of a hydraulic fluid. It is generally run by electrical motors. An Escalator is also a mode of vertical transport in the form of moving staircases. It works by the help of a motor driven series of staircases linked together and moving on a track. The elevators and escalators have become an inseparable part of today and can be found almost everywhere starting from schools, colleges, malls etc. to personal homes too.
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The upcoming projects as well as the ongoing projects of infrastructure construction in the form of commercial centres like malls, hotels etc. and non-commercial residences is the major driving factor for the Middle East elevator and escalator market. The increasing number of tourists has been playing a major role for the construction of new infrastructure. In addition, the rising heights of buildings in the major cities, has contributed as a major driver for the acceptance and rising demand for high-speed elevators. Moreover, the middle east regions are receiving and would continue to receive FDI for the infrastructural projects both in the commercial and non-commercial sector. This would further drive the demand for elevators and escalators in the middle-eastern countries. Furthermore, the increasing geriatric population would also boost the middle east elevators and escalators market, as there would be increased demand for easy conveyances. High installation costs and low availability of skilled labour for after sales maintenance are the major restraining factors for middle east elevators and escalators market.
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Various notable players include ETA Melco, Hyundai Elevator Co. Ltd, ThyssenKrupp Elevator UAE LLC, Kone Middle East LLC, Schindler Pars International, OTIS LLC, Mitsubishi Electric Saudi Ltd., Schritt Elevators Middle East LLC., Orient lines Elevators and Turklift Elevator Company among others.
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The Middle Eastern Elevator and Escalator market has been segmented by product, by services, by application and key geographies. Based on product type the elevator market comprises of hydraulic based, traction based and machine room-less type, while the escalator market consists of step type and spiral type. The research report “Middle Eastern Elevator and Escalator market” provides in-depth analysis of the Middle Eastern Elevator and Escalator market based on product, services, application and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Middle Eastern Elevator and Escalator market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
- At what pace is Middle Eastern Elevator and Escalators market growing? What will be growth trend in future?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Middle Eastern Elevator and Escalators market?
- What are the various application areas and how they are poised to grow?
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