Middle East & Africa Elevator & Escalator Market Outlook, 2026

Abstract
Countries that rely on exporting extractives are also likely to be hard-hit by COVID-19, with growth falling by up to seven percentage points in oil-exporting countries and by over eight percentage points in metal exporters. The booming construction industry in the region heralds a good opportunity for companies that manufacture elevator and escalator. As per the finding of the report- Middle East & Africa Elevator & Escalator Market Outlook, 2026 by Bonafide Research, the region held to a share of 10.02% in the global market in the year 2015, valuing to USD 6.84 Billion. The region continues to rely on imported components to meet market demand, with some local lift companies identifying hurdles on the road to developing the manufacturing capacity of domestic small- and medium-sized enterprises. The market is expected to grow at an anticipated rate of over 7%, through the forecasted period.
The increasing number of tourists has been playing a major role in the construction of new infrastructure, with a high share of the elevator market of over 60%, which exhibits a decline in the market share. The upcoming projects, as well as the ongoing projects of infrastructure construction as commercial centers like malls, hotels, etc. and non-commercial residences, are the major driving factor for the market. This had allowed the escalator market to reach a market value of USD 2.28 Billion in the year 2020. However, through the forecasted period, the moving walkway segment is expected to show the highest CAGR of over 8%.
The new installation segment, valued at USD 3.15 Billion in 2015, is the key revenue generator in the overall Middle East & Africa elevators and escalators market as urbanization and infrastructural development continue to play an important role in the region. Major hotel chains are expanding their presence across several countries and large-scale government infrastructure development projects, such as airport expansions, metro expansions, and development of other social infrastructure, are strengthening the maintenance & repair segment to a share of 3.84% in 2020.
Demand for components is expected to keep rising in Africa as widening regional trade and economic integration, rapid urbanization and a growing middle class drives the expansion of the residential end user segment, reaching over USD 4 Billion in the year 2020. Fuelled by greater investment in commercial, residential, and hotel development, new installations, along with related maintenance, are expected to grow, increasing the region's appetite for imported lift components. The residential end user segment is expected to witness a growth of over 6.28% CAGR in the period 2021-26, reportedly the lowest among the end user segment.
By value, the Middle East & Africa region is dominated by Saudi Arabia, which held a share of 15.58% in 2015. The booming construction sector, the increasing number of high-rise building projects, and rapid infrastructure development are the key factors driving Saudi Arabia. UAE elevator and escalator market are anticipated to record substantial growth on the back of increasing non-oil sector contribution in the GDP, improving economic conditions of the country, implementation of strict localization targets and value added tax. The Northern region of UAE, which includes emirates such as Dubai and Sharjah, captured the highest market share, while the Southern region including Abu Dhabi is expected to witness significant growth over the coming years. Major players operating in Saudi Arabia elevator & escalator market include Otis Elevator Company Saudi Arabia Ltd., Schindler Olayan Elevators Co. Ltd, ThyssenKrupp Elevator Saudi Ltd., Mitsubishi Electric Saudi Ltd., Gulf Elevator & Escalator Company Ltd., Khaled Juffali Elevator & Escalator Co., KONE Saudi Arabia, Orona Elevator Co. KSA, Fujitec Saudi Arabia Co., Ltd., Hyundai Elevator Saudi Arabia, among others.

Content
Table Of Content
1. Executive Summary
2. Report Methodology
3. Global Elevator And Escalator Market Outlook
3.1. Market Size By Value
3.2. Market Share
3.2.1. By Type
3.2.2. By Service
3.2.3. By End User
3.2.4. By Region
3.2.5. By Country
3.2.6. By Company
4. Middle East & Africa Elevator And Escalator Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Service
4.2.3. By End User
4.2.4. By Country
4.3. Saudi Arabia Elevator And Escalator Market Outlook
4.3.1. Market Size By Value
4.3.2. Market Share
4.3.2.1. By Type
4.3.2.2. By Service
4.3.2.3. By End User
4.4. Uae Elevator And Escalator Market Outlook
4.4.1. Market Size By Value
4.4.2. Market Share
4.4.2.1. By Type
4.4.2.2. By Service
4.4.2.3. By End User
4.5. Qatar Elevator And Escalator Market Outlook
4.5.1. Market Size By Value
4.5.2. Market Share
4.5.2.1. By Type
4.5.2.2. By Service
4.5.2.3. By End User
4.6. South Africa Elevator And Escalator Market Outlook
4.6.1. Market Size By Value
4.6.2. Market Share
4.6.2.1. By Type
4.6.2.2. By Service
4.6.2.3. By End User
5. Market Dynamics
5.1. Key Drivers
5.2. Key Challenges
6. Market Trends And Developments
7. Company Profiles
7.1.1. Fujitec Corporation Limited
7.1.2. Hitachi Group
7.1.3. Hyundai Elevator Corporation Limited
7.1.4. Kleemann Hellas
7.1.5. Kone Corporation
7.1.6. Mitsubishi Electric Corporation
7.1.7. Otis Worldwide Corporation
7.1.8. Schindler Group
7.1.9. Sigma Elevator Company
7.1.10. Stannah Lifts Holdings Limited
7.1.11. Thyssenkrupp Ag
7.1.12. Toshiba Elevator And Building System Corporation
7.1.13. Company Overviews
7.1.13.1. Gulf Elevator & Escalator Co. Limited
7.1.13.2. Khaled Juffali Elevator & Escalator Co.
7.1.13.3. Orient Lines Elevators
7.1.13.4. Schritt Elevators Middle East Llc.
8. Strategic Recommendations
9. Disclaimer

List Of Table
Table 1: Global Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 2: Global Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 3: Global Elevator And Escalator Market Share By Region (2015, 2020 & 2026f)
Table 4: Global Elevator And Escalator Market Share By Country (2015, 2020 & 2026f)
Table 5: Middle East & Africa Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 6: Middle East & Africa Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 7: Middle East & Africa Elevator And Escalator Market Share By Country (2015, 2020 & 2026f)
Table 8: Saudi Arabia Elevator And Escalator Market Growth Rate By Service
Table 9: Saudi Arabia Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 10: Saudi Arabia Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 11: Saudi Arabia Elevator And Escalator Market Growth Rate By End User
Table 12: Uae Elevator And Escalator Market Growth Rate By Service
Table 13: Uae Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 14: Uae Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 15: Uae Elevator And Escalator Market Growth Rate By End User
Table 16: Qatar Elevator And Escalator Market Growth Rate By Service
Table 17: Qatar Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 18: Qatar Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 19: Qatar Elevator And Escalator Market Growth Rate By End User
Table 20: South Africa Elevator And Escalator Market Growth Rate By Service
Table 21: South Africa Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 22: South Africa Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 23: South Africa Elevator And Escalator Market Growth Rate By End User
Table 24: Key Facts Of Fujitec Corporation Limited
Table 25: Key Facts Of Hitachi Group
Table 26: Key Facts Of Hyundai Elevator Corporation Limited
Table 27: Key Facts Of Kleemann Hellas
Table 28: Key Facts Of Kone Corporation
Table 29: Key Facts Of Mitsubishi Electric Corporation
Table 30: Key Facts Of Otis Worldwide Corporation
Table 31: Key Facts Of Schindler Group
Table 32: Key Facts Of Sigma Elevator Company
Table 33: Key Facts Of Stannah Lifts Holdings Limited
Table 34: Key Facts Of Thyssenkrupp Ag
Table 35: Key Facts Of Toshiba Elevator And Building System Corporation