UAE Elevator and Escalator Market Sales to Reach $19.13 Thousand Units by 2030 - Arizton

According to Arizton’s latest research report, UAE elevator and escalator market is growing at a CAGR of 2.87% during 2024-2030. 

To Know More, Click: https://www.arizton.com/market-reports/uae-elevator-and-escalator-market  

Report Summary 

Market Size by New Installations (2030): 19.13 Thousand Units 

Market Size by New Installations (2024): 16.15 Thousand Units 

CAGR - New Installations (2024-2030): 2.87% 

Market Size by Installed Base (2030): 301.19 Thousand Units 

Market Size by Modernization (2030): USD 171.4 Million 

Historic Year: 2021-2023 

Base Year: 2024 

Forecast Year: 2025-2030 

Urbanization and Investment Trends Fueling Elevator Market Growth in the UAE

The UAE's ongoing urbanization, increase in skyscraper projects, and use of smart construction technologies are fueling demand for new elevator installations. Smart infrastructure, including sensors and data systems, supports the country’s shift toward intelligent urban environments.

By 2031, the UAE plans to raise annual FDI to $65.35 billion, up from $30.50 billion in 2023, focusing on sectors like industry, logistics, finance, renewable energy, and IT. The goal is to grow total FDI stock from $217.8 billion to $600 billion.

The UAE Tourism Strategy 2031, part of the 'Projects of the 50,' introduces 25 initiatives to boost tourism and support long-term infrastructure development. 

UAE Elevator and Escalator Market Developments & News

· In 2023, Otis introduced its Otis ONE IoT service platform in the Middle East.

· In 2024, Mitsubishi Electric Building Solutions Corporation announced its new elevator type, NEXIEZ-Fit, which combines superior cost performance with carefully selected specifications.

· In addition, in September 2024, KONE announced its New 2025-2030 Strategy Rise.

· In 2024, KONE won an order to provide a suite of People Flow® solutions for a residential structure, called Burj Binghatti Jacob & Co Residences. 

Industrial Expansion and Port Modernization Drive Demand for Industrial Elevators in the UAE

The surge in oil & gas projects, along with port modernization and broader industrial growth, is significantly boosting demand for industrial elevators in the UAE. These elevators are increasingly used across sectors such as manufacturing, warehousing, maritime, mining, and retail.

The UAE’s manufacturing sector, supported by strategic location and strong infrastructure, is expanding into areas like pharmaceuticals, rubber and plastics, and machinery. Under the ongoing “Operation AED 300 billion” initiative, the country aims to raise the industrial sector’s GDP contribution to $81.7 billion by 2031.

Further fueling this growth, the Emirates Development Bank committed $1.36 billion in May 2024 to finance manufacturing development. This investment supports technological advancement and economic diversification, leading to more factory and warehouse construction — and in turn, higher demand for industrial elevator installations. 

Buy this Research @ https://www.arizton.com/market-reports/uae-elevator-and-escalator-market 

Key Vendors

·      Otis

·      KONE

·      TK Elevator

·      Schindler

·      Mitsubishi Electric

·      Hitachi

·      Hyundai Elevator

·      Fujitec

·      Toshiba Elevator And Building Systems Corporation

·      Sigma Elevator

·      Orona

·      KLEEMANN

·      MASSAED

·      ALFA Elevator Co. LLC

·      Royal Fuji Star

·      Gulf Elevator Co. LLC

·      CEDAS EF LLC

·      Atlas Elevator Factory LLC

·      Skodtec Elevators

·      Orient Lines Elevators 

Elevator Market Segmentation by

Machine Type

·      Hydraulic and Pneumatic

·      Machine Room Traction

·      Machine Room Less Traction

·      Others 

·      Climbing

·      Elevators

·      Industrial Elevators

Carriage Type

·      Passenger

·      Freight 

Capacity

·      2-15 Persons

·      16-24 Persons

·      25-33 Persons

·      34 Persons and Above 

End-User

·      Commercial

·      Residential

·      Industrial

·      Others 

·      Public Transit

·      Institutional

·      Infrastructural 

Escalator Market Segmentation by

Product Type

·      Parallel

·      Multi Parallel

·      Walkway

·      Crisscross

End-User

·      Public Transit

·      Commercial

·      Others

·      Institutional Sector

·      Infrastructure

·      Industrial 

Key Questions Answered in the Report: 

How big is the UAE elevator and escalator market?

What is the number of installed bases in the UAE elevator and escalator market in 2024?

What are the key opportunities in the UAE elevator and escalator industry?

What will be the growth rate of the UAE elevator and escalator market?

What are the key UAE elevator and escalator market players? 

Check Out Some of the Top Selling Reports of Your Interest: 

Saudi Arabia Elevator and Escalator Market Size & Growth Forecast 2025-2030

https://www.arizton.com/market-reports/saudi-arabia-elevator-and-escalator-market

Southeast Asia Elevator and Escalator Market - Size & Growth Forecast 2025-2030

https://www.arizton.com/market-reports/southeast-asia-elevator-and-escalator-market 

Why Arizton? 

100% Customer Satisfaction 

24x7 availability – we are always there when you need us 

200+ Fortune 500 Companies trust Arizton's report 

80% of our reports are exclusive and first in the industry 

100% more data and analysis 

1500+ reports published till date  

Post-Purchase Benefit  

·      1hr of free analyst discussion 

·      10% off on customization  

About Us:  

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.  

Contact Us 

Call: +1-312-235-2040 

+1 302 469 0707 

Mail: enquiry@arizton.com 

Contact Us: https://www.arizton.com/contact-us 

Blog: https://www.arizton.com/blog 

Website: https://www.arizton.com/