Submitted by: Submitted by SmithJns
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Category: Science and Technology
Date Submitted: 03/05/2015 03:47 AM
Mar 5, 2015- Mumbai, India : Bharatbook.com announces a report,on“Saudi Arabia Elevators and Escalators Market (2015-2021)”. According to this research, Saudi Arabia’s Elevators and Escalators market is projected to grow at a CAGR of 7.7% during 2015-21.
Saudi Arabia Elevators and Escalators Market (2015-2021): Market Forecast by Elevators (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Types (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Southern, Eastern, Western and Central)
Saudi Arabia is poised to drive Middle-East Elevators and Escalators Market. With growth in construction market owing to various up-coming public & private infrastructure projects, the market for elevators and escalators is expected to witness significant growth over the next six years.
According to 6Wresearch, Saudi Arabia’s Elevators and Escalators market is projected to grow at a CAGR of 7.7% during 2015-21. In 2014, elevators accounted for majority of the market share in overall market followed by escalators. However, over the next six years, escalators market expected to grow at relatively higher growth rate. In 2014, commercial segment captured major share of pie in Saudi Arabia’s elevators & escalators market.
Also, surging demand and increasing competition is resulting into decline in prices of elevators and escalators in Saudi Arabian market. Moreover, growing domestic manufacturing and joint ventures of international players with domestic players have additionally slashed the prices of elevators and escalators in the country.
“Saudi Arabia Elevators and Escalators Market (2015–2021)” provides in-depth analysis with 105 figures and 21 tables covered in 150+ pages. The report estimates and forecast overall Saudi Arabia elevators and escalators market by revenue, by...