Uae Elevator and Escalator Market (2016-2022)
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- Date Submitted: 05/03/2016 11:14 PM
- Pages: 3
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“UAE Elevator and Escalator Market (2016-2022)” The report provides unbiased and detailed analysis of the on-going trends, opportunities, high growth areas, and market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
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.
According to 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 Abu Dhabi chunked out majority revenue share in 2015.
The report thoroughly covers the market by types, verticals, and regions. The report provides unbiased and detailed analysis of the on-going trends, opportunities, high growth areas, and market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report
· Historical data of Global Elevator and Escalator Market for the Period 2010-2015.
· Market Size & Forecast of Global Elevator and Escalator Market until 2022.
· Historical data of UAE Elevator and Escalator Market Revenue & Volume for the Period 2010-2015.
· Market Size & Forecast of UAE Elevator and Escalator...
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.
According to 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 Abu Dhabi chunked out majority revenue share in 2015.
The report thoroughly covers the market by types, verticals, and regions. The report provides unbiased and detailed analysis of the on-going trends, opportunities, high growth areas, and market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report
· Historical data of Global Elevator and Escalator Market for the Period 2010-2015.
· Market Size & Forecast of Global Elevator and Escalator Market until 2022.
· Historical data of UAE Elevator and Escalator Market Revenue & Volume for the Period 2010-2015.
· Market Size & Forecast of UAE Elevator and Escalator...