Kuwait Elevator and Escalator Market (2019-2025) | Forecast, Size, Value, Industry, Share, Trends, Companies, Outlook, Growth, Revenue & Analysis

Market Forecast By Types ( Elevator and Escalator), By Applications (Commercial, Industrial and Residential), By Services (New Installation, Maintenance, and Modernization), By Regions (Kuwait and Rest of Kuwait), and Competitive Landscape

Product Code: ETC000587	Publication Date: Apr 2019	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 102	No. of Figures: 47	No. of Tables: 8

Latest (2024) Development of the Kuwait Elevator And Escalator Market

Kuwait Elevator And Escalator Market is expected to experience a robust expansion fueled by infrastructural development and modernisation projects. The government's Vision 2035 plan, aimed at transforming the country's infrastructure, is a primary catalyst for market growth. Numerous new residential units, commercial spaces, and public infrastructure initiatives are underway, creating a heightened need for advanced and reliable elevator and escalator systems. Market leaders are investing in innovative technologies such as smart elevators and remote monitoring systems to cater to the rising demand for improved performance and safety standards. This development is expected to drive healthy competition and bring about a surge in market growth.

The demand for smart elevators and escalators is on the rise in Kuwait, with their enhanced features such as energy efficiency, real-time monitoring, predictive maintenance, and touchless controls. These systems are integrated with Internet of Things (IoT) technology that allows them to collect data on usage patterns and optimize performance accordingly. As a result, building owners can reduce maintenance costs while also contributing towards sustainability goals by minimizing energy consumption.

Kuwait elevator and escalator market are anticipated to recover and witness a period of stable growth during the forecast period due to the completion of construction projects and a reviving construction sector as well as efforts to diversify the economy are likely to supplement the growth Elevator and Escalator market in Kuwait over the coming years.

According to 6Wresearch, Kuwait elevator and escalator market size is projected to grow at a CAGR of 2.3% during 2019-25. The elevator segment captured the majority of the market share in the overall elevator & escalator market in Kuwait, wherein the majority of the installations were witnessed in the residential, retail, transportation, and hospitality sectors. Amongst all the elevators segments, passenger elevators acquired the highest revenue share of the market.

The commercial application market is the leading revenue-generating segment in the Kuwait elevator and escalator market owing to the increase in installation of elevators and escalators in the retail and transportation market, especially of moving walkways in the retail market. Further, the construction sector is anticipated to expand at a rapid pace with infrastructure development taking precedence in the construction activities in the region. Additionally, major hotel chains are expanding their presence across the country as the country tries to place itself as a tourist hub in the GCC region. Large-scale government infrastructure development projects, such as Kuwait Vision 2035 which aims to develop countries’ road, rail, and airport networks and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in the demand for elevators and escalators in the country in near future.

In Kuwait, the new installation of elevator and escalator held the majority of the revenue share of the Kuwait elevator and escalator market, owing to increasing infrastructure development activities, especially in the commercial and transportation verticals. Further, modernization and maintenance are also expected to witness a constant increase due to a large number of aging bases and increasing safety regulations.

The Kuwait elevator and escalator market report thoroughly covers the market by elevator types, escalator types, services types, and applications. The Kuwait elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing Kuwait elevator and escalator Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

Kuwait Elevator and Escalator Market Overview
Kuwait Elevator and Escalator Market Outlook
Kuwait Elevator and Escalator Market Forecast
Kuwait Elevator and Escalator Market Share, By Countries
Kuwait Elevator and Escalator Market Size and Historical Data of Kuwait Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
Kuwait Elevator and Escalator Market Forecast of Revenues & Volume until 2025
Historical data & Forecast of Kuwait Elevator and Escalator Market Revenues, By Types, Applications and Services for the Period 2015-2025F
Historical data & Forecast of Kuwait Elevator Market Revenues & Volume for the Period 2015-2025F
Historical data & Forecast of Kuwait Escalator Market Revenues & Volume for the Period 2015-2025F
Historical data & Forecast of Kuwait Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
Historical data & Forecast of Kuwait Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
Historical data & Forecast of Kuwait Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
Market Drivers, Restraints, and Trends
Kuwait Elevator and Escalator Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Kuwait Elevator and Escalator Market Opportunity Assessment
Kuwait Elevator and Escalator Market Share, By Players
Kuwait Elevator and Escalator Market Overview, By Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Saudi Arabia Elevator and Escalator Market Report Covered:

The report provides a detailed analysis of the following market segments:

By Types:
- Elevator:
  - Passenger
  - Cargo
  - Home
- Escalator:
  - Moving Stairs
  - Moving Walkways
- By Applications:
  - Commercial
  - Industrial
  - Residential
- By Services:
  - Maintenance
  - Modernization

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Kuwait Elevator and Escalator Market (2019-2025): FAQs

Executive Summary
Introduction
    2.1. Report Description
    2.2. Key Highlights of The Report
    2.3. Market Scope & Segmentation
    2.4. Research Methodology
    2.5. Assumptions
3. Kuwait Elevator & Escalator Market Overview
    3.1. Kuwait Country Indicators
    3.2. Kuwait Elevator & Escalator Market Revenues & Volumes
    3.3. Kuwait Elevator & Escalator Market - Industry Life Cycle, 2018
    3.4. Kuwait Elevator & Escalator Market - Porter's Five Forces
    3.5. Kuwait Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
    3.6. Kuwait Elevator & Escalator Market Revenue Share, By Services, 2018 & 2025F
    3.7. Kuwait Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F
    3.8. Kuwait Elevator & Escalator Market Revenue Share, By Regions, 2018 & 2025F
4. Kuwait Elevator & Escalator Market Dynamics
    4.1. Impact Analysis
    4.2. Market Drivers
    4.3. Market Restraints
5. Kuwait Elevator & Escalator Market Trends
6. Kuwait Elevator Market Overview
    6.1. Kuwait Elevator Market Revenues & Volume, 2015-2025F
          6.1.1. Kuwait Elevator Market Revenues & Volume Share, By Types, 2018 & 2025F
                    6.1.1.1. Kuwait Elevator Market Revenues & Volume, By Types, 2015-2025F
          6.1.2. Kuwait Elevator Market Revenues Share, By Speed, 2018 & 2025F
                    6.1.2.1. Kuwait Elevator Market Revenues, By Speed, 2015-2025F
          6.1.3. Kuwait Elevator Market Revenues Share, By Stops, 2018 & 2025F
                    6.1.3.1. Kuwait Elevator Market Revenues, By Stops, 2015-2025F
          6.1.4. Kuwait Elevator Market Revenue Share, By Applications, 2018 & 2025F
                    6.1.4.1. Kuwait Elevator Market Revenues, By Applications, 2015-2025F
          6.1.5. Kuwait Elevator Market Revenues Share, By Services, 2018 & 2025F
                    6.1.5.1. Kuwait Elevator Market Revenues, By Services, 2015-2025F
7. Kuwait Escalator Market Overview
    7.1. Kuwait Escalator Market Revenues & Volume
          7.1.1. Kuwait Escalator Market Revenues & Volume Share, By Types, 2018 & 2025F
                    7.1.1.1. Kuwait Escalator Market Revenues & Volume, By Types, 2015-2025F
          7.1.2. Kuwait Escalator Market Revenues Share, By Services, 2018 & 2025F
                    7.1.2.1. Kuwait Escalator Market Revenues, By Services, 2015-2025F
8. Kuwait Elevator & Escalator Market Overview, By Services
    8.1. Kuwait Elevator & Escalator Market Revenues, By New Installation, 2015-2025F
    8.2. Kuwait Elevator & Escalator Market Revenues, By Modernization, 2015-2025F
    8.3. Kuwait Elevator & Escalator Market Revenues, By Maintenance, 2015-2025F
9. Kuwait Elevator & Escalator Market Overview, By Applications
    9.1. Kuwait Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F
          9.1.1. Kuwait Residential Sector Outlook
    9.2. Kuwait Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F
          9.2.1. Kuwait Commercial Sector Outlook
    9.3. Kuwait Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F
          9.3.1. Kuwait Industrial Sector Outlook
10. Kuwait Elevator & Escalator Market Overview, By Regions
      10.1. Kuwait City Elevator & Escalator Market Revenues, 2015-2025F
      10.2. Rest of Kuwait Elevator & Escalator Market Revenues, 2015-2025F
11. Kuwait Elevator & Escalator Market Key Performance Indicators
      11.1. Kuwait Government Spending Outlook
      11.2. Major Construction Projects in Kuwait
      11.3. Kuwait Hospitality Sector Outlook
      11.4. Kuwait Transportation Sector Outlook
12. Kuwait Elevator & Escalator Market Opportunity Assessment
      12.1. Kuwait Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
      12.2. Kuwait Elevator & Escalator Market Opportunity Assessment, By Services, 2025F
      12.3. Kuwait Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
13. Kuwait Elevator & Escalator Market Competitive Landscape
      13.1. Competitive Benchmarking, By-Products
      13.2. Competitive Benchmarking, By Company Presence
      13.2. Kuwait Elevator & Escalator Market Revenue Share, By Company, 2018
14. Company Profiles
      14.1. Otis Elevator Company
      14.2. KONE Corporation
      14.3. Thyssenkrupp AG
      14.4. Hyundai Elevator Co. Ltd
      14.5. AG Melco Elevator Co., LLC
      14.6. Hitachi, Ltd.
      14.7. SIGMA Elevator Company
15. Key Strategic Recommendations
16. Disclaimer

List of Figures
Figure1. Kuwait Elevator & Escalator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure2. Kuwait Elevator & Escalator Market - Industry Life Cycle, 2018
Figure3. Kuwait Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
Figure4. Kuwait Elevator & Escalator Market Revenue Share, By Services, 2018 & 2025F
Figure5. Kuwait Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F
Figure6. Kuwait Elevator & Escalator Market Revenue Share, By Regions, 2018 & 2025F
Figure7. Kuwait Construction Sector Growth Rate, 2016 - 2018 (%)
Figure8. Kuwait Non-Oil Revenues, 2017-2019E ($ Billion)
Figure9. Average Brent Spot Crude Oil Price, 2012-2019E ($ per Barrel)
Figure10. Kuwait Elevator Market Revenues, 2015-2025F ($ Million)
Figure11. Kuwait Elevator Market Volume, 2015-2025F (Units)
Figure12. Kuwait Elevator Market Revenue Share, By Types, 2018 & 2025F
Figure13. Kuwait Elevator Market Volume Share, By Types, 2018 & 2025F
Figure14. Kuwait Machine Room Elevator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure15. Kuwait Machine Room Less Elevator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure16. Kuwait Elevator Market Revenue Share, By Speed, 2018 & 2025F
Figure17. Kuwait Elevator Market Revenue Share, By Stops, 2018 & 2025F
Figure18. Kuwait Elevator Market Revenue Share, By Applications, 2018 & 2025F
Figure19. Kuwait Elevator Market Revenue Share, By Services, 2018 & 2025F
Figure20. Kuwait Escalator Market Revenues, 2015-2025F ($ Million)
Figure21. Kuwait Escalator Market Volume, 2015-2025F (Units)
Figure22. Kuwait Escalator Market Revenue Share, By Types, 2018 & 2025F
Figure23. Kuwait Escalator Market Volume Share, By Types, 2018 & 2025F
Figure24. Kuwait Moving Stair Escalator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure25. Kuwait Moving Walkway Escalator Market Revenues & Volume, 2015-2025F ($ Million, Units)
Figure26. Kuwait Escalator Market Revenue Share, By Services, 2018 & 2025F
Figure27. Kuwait New Installation Elevator & Escalator Market Revenue Share, 2018 & 2025F
Figure28. Kuwait Elevator & Escalator New Installation Market Revenues, 2015-2025F ($ Million)
Figure29. Kuwait Elevator & Escalator Modernization Market Revenue Share, 2018 & 2025F
Figure30. Kuwait Elevator & Escalator Modernization Market Revenues, 2015-2025F ($ Million)
Figure31. Kuwait Elevator & Escalator Maintenance Market Revenue Share, 2018 & 2025F
Figure32. Kuwait Elevator & Escalator Maintenance Market Revenues, 2015-2025F ($ Million)
Figure33. Kuwait Residential Application Elevator & Escalator Market Revenue Share, 2018 & 2025F
Figure34. Kuwait Residential Application Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure35. Kuwait Commercial Application Elevator & Escalator Market Revenue Share, 2018 & 2025F
Figure36. Kuwait Commercial Application Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure37. Kuwait International Tourist Arrivals, 2013-24F (Thousand)
Figure38. Kuwait Industrial Application Elevator & Escalator Market Revenue Share, 2018 & 2025F
Figure39. Kuwait Industrial Application Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure40. Kuwait City Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure41. Rest of Kuwait Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure42. Kuwait Actual Government Spending Vs Actual Government Revenues, 2015-2024F (AED Billion)
Figure43. Kuwait Upcoming Government Funded Transportation Projects
Figure44. Kuwait Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
Figure45. Kuwait Elevator & Escalator Market Opportunity Assessment, By Services, 2025F
Figure46. Kuwait Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
Figure47. Kuwait Elevator & Escalator Market Revenue Share, By Company, 2018

List of Tables
Table1. Kuwait Elevator Market Revenues, By Speed, 2015-2025F ($ Million)
Table2. Kuwait Elevator Market Revenues, By Stops, 2015-2025F ($ Million)
Table3. Kuwait Elevator Market Revenues, By Applications, 2015-2025F ($ Million)
Table4. Kuwait Elevator Market Revenues, By Services, 2015-2025F ($ Million)
Table5. Kuwait Escalator Market Revenues, By Services, 2015-2025F ($ Million)
Table6. Kuwait Upcoming Residential Projects
Table7. Upcoming Industrial Projects In Kuwait
Table8. Kuwait Upcoming Hospitality Projects