Escalator market in Saudi Arabia on the up
Report reveals market growth of 6.08% between 2013-2018
The elevator and escalator market in Saudi Arabia is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.08% between 2013 and 2018.
A report by analysts from TechNavio revealed one of the key factors behind the growth is the continuing construction of skyscrapers in the country.
According to the report, the market in Saudi Arabia has also been witnessing the emergence of green elevators and escalators. However, the increasing competition among vendors could pose a challenge to the growth of this market.
TechNavio's 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. And it includes a discussion of the key vendors operating in this market.