Uae Elevator and Escalator Market

Bharat Book Bureau provides the report, on “UAE Elevator and Escalator Market (2016-2022)”. This report provides unbiased and detailed analysis of the on-going trends, opportunities, high growth areas, and market drivers.

07th May, 2016- Mumbai, India: announces a report on “UAE Elevator and Escalator Market (2016-2022)”. The report provides the detailed analysis of Elevator Types: Geared and Gear Less with Machine Room, Hydraulic Elevators, Machine Room Less Elevators, & many.

UAE Elevator and Escalator Market (2016-2022): Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Northern UAE and Southern UAE)

UAE is the second largest construction market in GCC region after Saudi Arabia. Construction market contributed nearly 11% to UAE’s GDP in 2015 and further estimated to acquire 12% by the end of 2016. Government spending on improvising public infrastructure is leading to the growth of construction industry in the country. Expansion in the areas of metro network and airport have led for the installation of elevators & escalators in UAE.

UAE Elevator & Escalator market revenue is projected to grow at a CAGR of 3.9% during 2016-22. In UAE elevator and escalator market, elevators segment market accounted for majority of the revenue share followed by the escalators.

Amongst all verticals, commercial vertical market has led the market revenue followed by the residential and industrial vertical market. Commercial vertical is expected to maintain its market leadership through the forecast period. Additionally, Southern region comprising of...