According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on UAE Elevator and Escalator Market - Industry Trends and Forecast to 2026 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
UAE Elevator and Escalator Market Analysis and Size
The UAE Elevator and Escalator Market is anticipated to grow at a CAGR of around 4% during the forecast period, i.e., 2021-26.
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Some of the major players operating in the UAE Elevator and Escalator Market are Thyssenkrupp Elevator, Otis Elevator, AG Melco Elevator, Hyundai Elevator, Toshiba Elevator, Others.
UAE Elevator and Escalator Market Growth Driver:
The numerous infrastructural developments in line with the project, 'UAE Vision 2021,' is the prime factor likely to drive the Elevator & Escalator Market. It further boosts the government initiatives & investments toward driving the UAE's economy by focusing on constructing new infrastructure projects in the country. Dubai's project, the construction of Burj Jumeira, launched in 2019, is expected to be 550 meters tall. Such a high-rise building will require new installations of elevators & escalators, which, as a result, will augment the overall growth of the Escalator & Elevators Market in the UAE during 2021-26.
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Market Segment and Geographical Analysis
By Type
- Elevator
- Escalator
By Service
- New Installation
- Modernization
- Maintenance
By End User
- Residential
- Commercial
- Retail
- Health Care
- Hospitality
- Government & Transportation
- Others
By Region
- Abu Dhabi & Al Ain
- Dubai
- Sharjah & Northern Emirates
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