Elevators and Escalators Market in GCC Countries in Construction Machinery and Heavy Truck Industry

Saudi Arabia contributes the highest 38% incremental growth of the elevator and escalator market in GCC countries during the forecast period, according to Technavio.

Fujitec Co. Ltd., Hitachi Ltd. and Hyundai Elevator Co. Ltd. are the top three players in the elevator and escalator market in GCC countries

NEW YORK, July 17, 2021 / PRNewswire / – “Increased public spending in the construction sector and increased investment in smart cities will further drive market growth over the forecast period,” said a senior analyst at Technavio.

Technavio announced its latest market research report titled Elevators and Escalators Market in GCC Countries by Product and Geography – Forecast and Analysis 2021-2025

Technavio offers up-to-date analysis regarding the current global market scenario and overall market environment.
Download a FREE sample report

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the epidemic’s immediate impact is varied. COVID-19 will be at par in the elevator and escalator market in GCC countries. According to Technavio’s pandemic-focused market research, the market growth is expected to increase in 2021 compared to 2020.

The market for elevators and escalators in GCC countries in construction machinery and heavy trucks is expected to grow by 1,874 units, growing at a CAGR of nearly 3% during 2021-2025, according to the new report from Technavio . The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Elevator and Escalator Market in GCC Countries 2021-2025: Highlights

  • Market CAGR during the forecast period 2021-2025

  • Detailed information on factors that will help the growth of Elevator and Escalator market in GCC countries over the next five years

  • Estimated market size of elevators and escalators in GCC countries and its contribution to parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the elevator and escalator market in GCC countries

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of Elevators and Escalators Market vendors in GCC countries

Elevators and Escalators Market in GCC Countries 2021-2025: Supplier Analysis and Scope
To help companies improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the Elevator and Escalator market in GCC countries. Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sigma Elevator Co., Toshiba Corp. and ThyssenKrupp AG are some of the major players in the market.

  • Elevator and Escalator Market in GCC Countries

  • Elevator and Escalator Market Trends in GCC Countries

  • Market Analysis of Elevators and Escalators in GCC Countries

This study identifies the elevators which go sideways as well as top to bottom as one of the major reasons for the growth of the Elevator and Escalator market in GCC countries over the next few years.

To learn more about global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70619

Reasons to buy the report:

  • Take advantage of the latest data mapping technological advancements

  • Find more in-depth market insights and forecast information on current market developments.

  • Discover insights on the main drivers of market acceleration.

  • Identify potential threats to market growth.

  • Understand the impact of trends that may positively or negatively influence the growth of the market.

Main topics covered:

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About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report link: https://www.technavio.com/report/elevator-and-escalator-market-in-gcc-countries-industry-analysis

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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