Kuwait Elevator and Escalator Market Outlook (2021-2027) | Trends, Analysis, Share, Forecast, Value, Size, Growth, Revenue, Industry, Companies & COVID-19 IMPACT
Market Forecast By Types Product (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairways, Moving Walkways)), By Services (Maintenance, Modernization), By Application (Residential, Commercial, Industrial), By Regions (Northern (Abdali, Ar Rawdatayn, Bubiyan), Southern (Al Maqwa, Al Wafrah, Al Ahmadi), Central (Al Jahrah, Al Abraq, Al Farwahniya, Salemy)) And Competitive Landscape
| Product Code: ETC005702 | Publication Date: Jan 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 96 | No. of Figures: 25 | No. of Tables: 16 |
Kuwait Elevator And Escalator Market | Country-Wise Share and Competition Analysis
In the year 2021, China was the largest exporter in terms of value, followed by Spain. It has registered a growth of 16.78% over the previous year. While Spain registered a growth of 74.21% as compared to the previous year. In the year 2017, China was the largest exporter followed by Spain. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Kuwait has a Herfindahl index of 1560 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2124 which signifies moderately concentrated in the market.
Kuwait Elevator And Escalator Market - Export Market Opportunities
Kuwait Elevator and Escalator Market report thoroughly covers the elevator and escalator market by types, service types, application, and regions. The report provides an unbiased and detailed analysis of the on-going Kuwait Elevator and Escalator Market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
Kuwait Elevator and Escalator Market Synopsis
Kuwait elevator and escalator market is expected to exhibit moderate growth during the forecast period owing to the government investment into the construction sector and infrastructural development such Bubiyan Island, Silk City project, Kuwait National Rail Project, international airport expansion and many more. The market witnessed a slowdown in 2020 owing to the ongoing pandemic of COVID-19 which resulted in halt in construction projects, suspension of economic activities and lockdown across the country. However, with the gradual recovery of the economic activities and relaxation in lockdown measures, the market is expected to regain its momentum during the forecast period.
According to 6Wresearch, Kuwait Elevator and Escalator Market size is projected to grow at CAGR of 5.1% during 2021-2027. Kuwait elevator and escalator market is expecting a moderate rise in the coming years, where the expansion in the construction market, upcoming transportation and hospitality sector projects would complement the growth. Further, by types, elevator accounted for the highest share in 2020 due to its wider scope in residential and commercial sectors.
Market by Elevator Type Analysis
By types, passenger and home elevators accounted for more than 90% of market revenues, with, home elevators leading the market. Passenger elevators account a significant portion of the overall elevator market revenues and volume in 2020 owing to rising urbanization and a growing retail sector in the country. Further, passenger elevator is expected to continue dominating the market revenue share in the overall Kuwait elevator market during the forecast period owing to increasing demand for vertical transportation solutions in domains such as shopping malls, hotels, and public transport infrastructure.
Market by Application Analysis
By applications, the residential segment is anticipated to grow at the highest rate in the overall market with 24% revenue share for elevators & escalators in the coming years owing to the upcoming housing ventures of high-rise buildings within the nation such as the Al-Ahmad Residential City project, MGP City Arrange, and Abdali City which would be a new urban community of 50,000 individuals. Further, with Kuwait's construction sector recapturing its force, unfaltering development is anticipated in the market.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Kuwait Elevator and Escalator Market Overview
- Kuwait Elevator and Escalator Market Outlook
- Kuwait Elevator and Escalator Market Size
- Kuwait Elevator and Escalator Market Forecast
- Kuwait Elevator and Escalator Market Share
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues for the Period 2017-2027F
- Market Drivers and Restraints
- Kuwait Elevator and Escalator Market Trends
- Market Industry Life Cycle
- Porter’s Five Forces Model
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Product Type
- Elevator
- Passenger
- Cargo
- Home
- Escalator
- Moving Stairways
- Moving Walkways
- Elevator
- By Service Type
- Maintenance
- Modernization
- By Application
- Commercial
- Industrial
- Residential
- By Regions
- Northern (Abdali, Ar Rawdatayn, Bubiyan)
- Southern (Al Maqwa, Al Wafrah, Al Ahmadi)
- Central (Al Jahrah, Al Abraq, Al Farwahniya, Salemy)
Other Key Reports Available:
- Sri Lanka Elevator and Escalator Market (2021-2027)
- Nepal Elevator and Escalator Market (2021-2027)
- APAC Elevator and Escalator Market (2021-2027)
- South East Asia Elevator and Escalator Market (2021-2027)
Kuwait Elevator and Escalator Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
Kuwait Elevator and Escalator Market revenue is anticipated to record a CAGR of 5.1% during 2021-27.
The segment, elevator has dominated the market revenues led by usage across the product type segments.
Elevator would record key growth throughout the forecast period 2021-27.
The key players of the market include- Otis Elevator company, TK Elevator, Kone Corporation.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Kuwait Elevator and Escalator Market Overview |
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3.1. Kuwait Elevator and Escalator Market Revenues |
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3.1.1. Kuwait Elevator and Escalator New Installation Market Revenues and Volume, 2017-2027F |
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3.1.2. Kuwait Elevator and Escalator Service Market Revenues, 2017-2027F |
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3.2. Kuwait Elevator and Escalator Market-Industry Life Cycle |
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3.4. Kuwait Elevator and Escalator Market-Porter’s Five Forces |
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3.5. Kuwait Elevator and Escalator Market Revenue Share, By Product Type |
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3.6. Kuwait Elevator and Escalator Market Revenue Share, By Application |
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3.7. Kuwait Elevator and Escalator Market Revenue Share, By Regions |
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4. Impact Analysis of COVID-19 on Kuwait Elevator and Escalator Market |
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5. Kuwait Elevator and Escalator Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restrains |
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6. Kuwait Elevator and Escalator Market Trends & Evolution |
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7. Kuwait Elevator Market Overview |
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7.1. Kuwait Elevator Market Revenues, 2017-2027F |
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7.2. Kuwait Elevator New Installation Market Revenues and Volume, 2017-2027F |
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7.3. Kuwait Elevator New Installation Market Revenue and Volume Share, By Type, 2020 & 2027F |
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7.3.1. Kuwait Elevator New Installation Market Revenues & Volume, By Passenger Elevator, 2017-2027F |
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7.3.2. Kuwait Elevator New Installation Market Revenues & Volume, By Cargo Elevator, 2017-2027F |
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7.3.3. Kuwait Elevator New Installation Market Revenues & Volume, By Home Elevator, 2017-2027F |
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7.4. Kuwait Elevator Market Revenue Share, By Service Type, 2020 & 2027F |
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7.4.1. Kuwait Elevator Service Market Revenues, By Maintenance, 2017-2027F |
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7.4.2. Kuwait Elevator Service Market Revenues, By Modernization, 2017-2027F |
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7.5. Kuwait Elevator Market Revenue Share, By Application, 2020 & 2027F |
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7.5.1. Kuwait Elevator Service Market Revenues, By Commercial Application, 2017-2027F |
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7.5.2. Kuwait Elevator Service Market Revenues, By Industrial Application, 2017-2027F |
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7.5.3. Kuwait Elevator Service Market Revenues, By Residential Application, 2017-2027F |
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8. Kuwait Escalator Market Overview |
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8.1. Kuwait Escalator Market Revenues, 2017-2027F |
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8.2. Kuwait Escalator New Installation Market Revenues and Volumes, 2017-2027F |
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8.3. Kuwait Escalator New Installation Market Revenue and Volume Share, By Type, 2020 & 2027F |
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8.3.1. Kuwait Escalator New Installation Market Revenues and Volume, By Moving Stairway, 2017-2027F |
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8.3.2. Kuwait Escalator New Installation Market Revenues and Volume, By Moving Walkway, 2017-2027F |
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8.4. Kuwait Escalator Market Revenue Share, By Service Type, 2020 & 2027F |
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8.4.1. Kuwait Escalator Service Market Revenues, By Maintenance, 2017-2027F |
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8.4.2. Kuwait Escalator Service Market Revenues, By Modernization, 2017-2027F |
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8.5. Kuwait Escalator Market Revenue Share, By Application, 2020 & 2027F |
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8.5.1. Kuwait Escalator Market Revenues, By Residential Application, 2017-2027F |
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8.5.2. Kuwait Escalator Market Revenues, By Commercial Application, 2017-2027F |
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8.5.3. Kuwait Escalator Market Revenues, By Industrial Application, 2017-2027F |
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9. Kuwait Elevator and Escalator Market Revenues, By Application |
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9.1. Kuwait Elevator & Escalator Market Revenues, By Residential Application, 2017-2027F |
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9.2. Kuwait Elevator & Escalator Market Revenues, By Commercial Application, 2017-2027F |
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9.3. Kuwait Elevator & Escalator Market Revenues, By Industrial Application, 2017-2027F |
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10. Kuwait Elevator and Escalator Market Revenues, By Regions |
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10.1. Kuwait Elevator & Escalator Market Revenues, By Northern Region, 2017-2027F |
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10.2. Kuwait Elevator & Escalator Market Revenues, By Southern Region, 2017-2027F |
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10.3. Kuwait Elevator & Escalator Market Revenues, By Central Region, 2017-2027F |
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11. Kuwait Elevator and Escalator Market, Key Performance Indicators |
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12. Kuwait Elevator and Escalator Market Opportunity Assessment |
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12.1. Kuwait Elevator and Escalator Market Opportunity Assessment, By Product Type, 2027F |
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12.2. Kuwait Elevator Market Opportunity Assessment, By Types, 2027F |
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12.3. Kuwait Elevator Market Opportunity Assessment, By Application, 2027F |
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12.4. Kuwait Escalator Market Opportunity Assessment, By Types, 2027F |
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12.5. Kuwait Escalator Market Opportunity Assessment, By Application, 2027F |
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13. Kuwait Elevator and Escalator Market Competitive Landscape |
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13.1. Kuwait Elevator and Escalator Market Revenues Share, By Companies, 2020 |
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13.2. Kuwait Elevator and Escalator Market Competitive Benchmarking, By Technical Parameters |
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13.3. Kuwait Elevator and Escalator Market Competitive Benchmarking, By Operating Parameters |
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14. Company Profiles |
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14.1. Otis Elevator Company |
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14.2. TK Elevator Kuwait |
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14.3. Hitachi Limited |
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14.4. Hyundai Elevator Co Ltd |
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14.5. Kone Corporation |
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14.6. Mitsubishi Electric Corporation |
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14.7. Fuji Lifts Kw |
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14.8. Modayan Elevators |
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14.9. Abyat Elevators |
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14.10. Golden Atlantic Company for Elevators & Escalators W.L.L. |
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15. Key Strategic Recommendations |
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16. Disclaimer |
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List of Figures |
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Figure 1. Kuwait Elevator and Escalator Market Revenues, 2017-2027F (USD Million) |
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Figure 2. Kuwait Elevator and Escalator New Installation Market Revenues and Volume, 2017-2027F (USD Million, Units) |
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Figure 3. Kuwait Elevator and Escalator Service Market Revenues, 2017-2027F (USD Million) |
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Figure 4. Kuwait Elevator and Escalator Market Revenue Share, By Product Type, 2020 & 2027F |
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Figure 5. Kuwait Elevator and Escalator Market Revenue Share, By Application, 2020 & 2027F |
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Figure 6. Kuwait Elevator and Escalator Market Revenue Share, By Regions, 2020 & 2027F |
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Figure 7. Number of Tourist Arrival in Kuwait, (Million) 2016-2021 |
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Figure 8. Kuwait Elevator Market Revenues, 2017-2027F (USD Million) |
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Figure 9. Kuwait Elevator New Installation Market Revenues, 2017-2027F (USD Million) |
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Figure 10. Kuwait Elevator New Installation Market Volume, 2017-2027F (Units) |
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Figure 11. Kuwait Elevator New Installation Market Revenue Share, By Type, 2020 & 2027F |
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Figure 12. Kuwait Elevator New Installation Market Volume Share, By Type, 2020 & 2027F |
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Figure 13. Kuwait Elevator Market Revenue Share, By Service Type, 2020 & 2027F |
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Figure 14. Kuwait Elevator Market Revenue Share, By Application, 2020 & 2027F |
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Figure 15. Kuwait Escalator Market Revenues, 2017-2027F (USD Million) |
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Figure 16. Kuwait Escalator New Installation Market Revenues, 2017-2027F (USD Million) |
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Figure 17. Kuwait Escalator New Installation Market Volume, 2017-2027F (Units) |
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Figure 18. Kuwait Escalator New Installation Market Revenue Share, By Type, 2020 & 2027F |
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Figure 19. Kuwait Escalator New Installation Market Volume Share, By Type, 2020 & 2027F |
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Figure 20. Kuwait Escalator Market Revenue Share, By Service Type, 2020 & 2027F |
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Figure 21. Kuwait Escalator Market Revenue Share, By Application, 2020 & 2027F |
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Figure 22. Kuwait Residential & Non-Residential Building Industry Value, 2020-2025F |
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Figure 23. Proposed Construction Projects By Sector (By Value), 2020 |
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Figure 24. Kuwait Elevator and Escalator Market Opportunity Assessment, By Product Type, 2027F |
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Figure 25. Kuwait Elevator Market Opportunity Assessment, By Type, 2027F |
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List of Table |
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Table 1. Upcoming Hotel Projects in Kuwait |
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Table 2. Kuwait Construction and Infrastructure Data, 2021E-2030F |
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Table 3. List of Upcoming Major Projects in Kuwait |
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Table 4. Kuwait Building Projects Announced by Technical Bureau |
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Table 5. Elevator and Escalator Maintenance Cost |
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Table 6. Average Selling Price of Elevator and Escalator |
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Table 7. Kuwait Elevator New Installation Market Revenues, By Type, 2017-2027F (USD Million) |
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Table 8. Kuwait Elevator New Installation Market Volume, By Type, 2017-2027F (Units) |
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Table 9. Kuwait Elevator Market Revenues, By Service Type, 2017-2027F (USD Million) |
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Table 10. Kuwait Elevator Market Revenues, By Application, 2017-2027F (USD Million) |
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Table 11. Kuwait Escalator New Installation Market Revenues, By Type, 2017-2027F (USD Million) |
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Table 12. Kuwait Escalator New Installation Market Volume, By Type, 2017-2027F (Units) |
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Table 13. Kuwait Escalator Market Revenues, By Service Type, 2017-2027F (USD Million) |
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Table 14. Kuwait Escalator Market Revenues, By Application, 2017-2027F (USD Million) |
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Table 15. Kuwait Elevator and Escalator Market Revenues, By Application, 2017-2027F (USD Million) |
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Table 16. Kuwait Elevator and Escalator Market Revenues, By Regions, 2017-2027F (USD Million) |
Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public) And Competitive Landscape
| Product Code: ETC005702 | Publication Date: Sep 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Kuwait Elevator And Escalator Market is projected to grow over the coming years. Kuwait Elevator And Escalator Market report is a part of our periodical regional publication Middle East Elevator And Escalator Market outlook report. 6W tracks elevator and escalator market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Elevator And Escalator Market outlook report annually.
Key Highlights of the Report:
- Kuwait Elevator and Escalator Market Outlook
- Market Size of Kuwait Elevator and Escalator Market, 2019
- Forecast of Kuwait Elevator and Escalator Market, 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Revenues & Volume for the Period 2016 - 2026
- Kuwait Elevator and Escalator Market Trend Evolution
- Kuwait Elevator and Escalator Market Drivers and Challenges
- Kuwait Elevator and Escalator Price Trends
- Kuwait Elevator and Escalator Porter's Five Forces
- Kuwait Elevator and Escalator Industry Life Cycle
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Types for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Services for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By End-User for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Residential for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2016 - 2026
- Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Public for the Period 2016 - 2026
- Kuwait Elevator and Escalator Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Services
- Market Opportunity Assessment By End-User
- Kuwait Elevator and Escalator Top Companies Market Share
- Kuwait Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
- Kuwait Elevator and Escalator Company Profiles
- Kuwait Elevator and Escalator Key Strategic Recommendations
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