Escalator market in Saudi Arabia on the up

Report reveals market growth of 6.08% between 2013-2018

NEWS, Business, Elevator, Escalator, Report

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.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020