UAE Elevator & Escalator Maintenance & Repair Services Market to Grow at Steady Rate During Forecast Period
Changing dynamics of the
construction industry and need for infrastructure with modern amenities to
drive the growth of UAE elevator & escalator maintenance & repair
services market
According
to TechSci Research report, “UAE
Elevator & Escalator Maintenance & Repair Services Market By Type, By
Elevator Technology, By Components, By End User, By Elevator Door Type, By
Region, Forecast & Opportunities, 2025”, the UAE elevator & escalator maintenance & repair
services market is expected to grow at a steady rate of during the forecast
period on account of the increasing demand for smart elevators in various
enterprises. Additionally, integration of IoT in maintenance of elevators &
escalators reduces downtime and improves service efficiency, thereby propelling
the market in the country. However, increase in number of accidents inside
elevators can hamper the growth of market during forecast period. These
accidents may further pose threat to the personnel engaged in their maintenance
and service. As a result, stringent safety regulations for elevators and
escalators may pose a threat to the market's growth during the forecast period.
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The UAE elevator & escalator
maintenance & repair services market is segmented based on type, elevator
technology, components, end user, elevator door type, company and region. Based
on end user, the market can be segmented into residential, commercial,
institutional, infrastructural and others. The commercial segment is expected
to grow at a significant pace during forecast period attributable to the
growing requirement for high performance elevators, low break down situations,
smooth operation in commercial spaces, along with the beautiful aesthetics
elevators.
AG MELCO Elevator Co. L.L.C., Hitachi,
Ltd., Middle East Branch, Kone Middle East LLC, Otis LLC, Schindler Middle
East, Al-Futtaim Engineering, Nigma Lifts Installation & Maintenance Co
(LLC), Thyssenkrupp Elevator, Euro Elevator Escalators Maintenance Company,
Alnas Elevator and others are some of the leading players operating in UAE elevator
& escalator maintenance & repair services market.
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“UAE elevator
& escalator maintenance & repair services market is expected to witness
significant growth during the forecast years, owing to the growth of the
residential, commercial, institutional and infrastructure industries in the
country. Additionally, the joint ventures among domestic companies and
international players are creating a constructive environment, favorable for
the growth of elevators and escalators maintenance & repair services market
in the country.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“UAE Elevator & Escalator Maintenance &
Repair Services Market By Type, By Elevator Technology, By Components, By End
User, By Elevator Door Type, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of UAE elevator
& escalator maintenance & repair services market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in UAE elevator & escalator maintenance &
repair services market.
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