Middle East Elevator and Escalator Market (2025-2031) | Trends, Share, Demand, Analysis, Companies, Value, Revenue, Restraints, Consumer Insights, Industry, Competition, Opportunities, Size, Pricing Analysis, Strategic Insights, Segments, Forecast, Competitive, Challenges, Growth, Investment Trends, Strategy, Segmentation, Drivers, Outlook, Supply

Middle East Elevator and Escalator Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Middle East Elevator and Escalator Market was estimated at USD 7.1 billion in 2024 and is projected to cross USD 13.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period 2025-2031.

Middle East Elevator and Escalator Market Highlights

Topics Covered in the Middle East Elevator and Escalator Market Report

The Middle East Elevator and Escalator Market report thoroughly covers the market by types, by services, by end-user, and by countries. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East Elevator and Escalator Market Synopsis

Middle East Elevator and Escalator Market is experiencing robust expansion during the last few years. Majorly, the residential and commercial sector is contributing in this industry. The growth of market is being pushed by the factors such as rapid urbanization, construction of high-rise buildings, and increasing investments in commercial and residential infrastructure projects. Countries like Saudi Arabia, UAE, and Turkey are leading in modernization and new installation projects with smart city initiatives such as NEOM City, Dubai Smart City, and Istanbul Urban Regeneration Project.

Evaluation of Growth Drivers in the Middle East Elevator and Escalator Market

Below mentioned some major growth drivers and their impacts on the market dynamics:

Middle East Elevator and Escalator Market is predicted to maintain robust momentum at a CAGR of 8.3% during the forecast period. There are multiple factors present in the market which are pushing the growth of market such as the booming construction industry, smart infrastructure projects, and government investments in public transportation and real estate. Further, existing vertical transportation systems are modernized in aging buildings, which is becoming a priority, particularly in mature markets like the UAE and Turkey. Further, large-scale developments in airports, metros, and shopping complexes which have accelerated the demand for advanced and energy-efficient vertical mobility solutions. The focus is emphasizing on luxury real estate and tourism-based infrastructure is boosting the market.

Evaluation of Restraints in the Middle East Elevator and Escalator Market

Below mentioned some major restraints and their influence on the market dynamics:

Middle East Elevator and Escalator Market Challenges

Middle East Elevator and Escalator Market is affected by the presence of several challenges such as fluctuating construction budgets, dependency on imported elevator components, and the limited availability of trained technicians for maintenance. Further, there are variances in building codes and safety regulations across countries that increases the complexity for global manufacturers. This market is integrated with IoT and AI technologies in older buildings which also poses compatibility challenges, while economic dependency on oil revenues makes infrastructure spending vulnerable to market volatility.

Middle East Elevator and Escalator Market Trends

Some major trends are noticed in the market which include:

• Adoption of Smart and IoT-Based Elevators: Intelligent systems with predictive maintenance and energy optimization are used majorly across commercial buildings and high-rise apartments.
• Rise in Modernization Projects: Old elevator systems are replaced with modern, energy-efficient models is gaining traction in mature urban centres like Dubai and Istanbul.
• Sustainability Focus: Manufacturers are developing eco-efficient and regenerative drive systems to align with green building standards in GCC countries.
• Expansion of Public Infrastructure: New airport terminals, metro systems, and shopping malls are fuelling demand for escalators and moving walkways.
• Luxury and High-Speed Elevators: Luxury residential towers and hospitality projects are on the surge, as the result the demand for high-speed, aesthetic elevator solutions is growing.

Investment Opportunities in the Middle East Elevator and Escalator Industry

Some emerging opportunities present in the Middle East Elevator and Escalator Industry are:

• Smart Infrastructure Integration: Projects such as smart city across the Middle East create strong opportunities for connected elevator solutions with AI-enabled monitoring.
• Modernization Contracts: Upgrading of existing vertical transportation systems presents lucrative prospects for service providers.
• Expansion in Residential High-Rises: The demand for affordable houses is growing in Saudi Arabia and UAE offers opportunities for low- to mid-rise elevator suppliers.
• Eco-Efficient Technologies: Increasing regulatory push for sustainability opens markets for regenerative drive elevators and energy-saving escalators.
• Partnerships with Local Builders: This market is collaborating with regional developers ensure competitive advantages through local assembly and faster deployment.

Top 5 Leading Players in the Middle East Elevator and Escalator Market

The comprehensive list of top companies leading the market include:

1. Otis Elevator Company

This is one of the largest manufacturers offering a wide range of elevators, escalators, and moving walkways, especially known for smart, connected solutions.

2. KONE Corporation

This company focuses on energy-efficient elevators, modernization solutions, and maintenance services and key supplier in projects such as the Riyadh Metro and Dubai’s smart infrastructure initiatives.

3. Schindler Group

This company provides mobility solutions with strong emphasis on digitalization and sustainable operations, caters to major commercial and public sector projects across GCC countries.

4. Mitsubishi Electric Corporation

This company is recognized for its high-speed and premium elevator systems, often chosen for luxury buildings and skyscrapers in UAE and Qatar.

5. Thyssenkrupp Elevator (TK Elevator)

This company provides smart and innovative mobility systems including TWIN and MULTI elevator technologies.

Government Regulations Introduced in the Middle East Elevator and Escalator Market

Governments are influencing the expansion of the Middle East Elevator and Escalator Market as there are numbers of the initiatives and polices are introduced for instance, stringent building codes and safety standards, including Saudi Building Code (SBC) and Dubai Municipality Elevator Regulations, which ensure the quality and safety compliance. Further, the GCC Standardization Organization (GSO) has been promoting harmonized standards for energy efficiency and equipment safety. Countries like UAE and Qatar are also introducing green building mandates and smart city frameworks, which encourage the adoption of energy-saving and connected elevator systems.

Future Insights of the Middle East Elevator and Escalator Market

The future of the Middle East Elevator and Escalator Market Growth looks optimists. As the urban development, population growth, and smart city projects are growing gradually, this market is continued to reshape the region. On the other hand, governments are investing heavily in sustainable and digital infrastructure which will further accelerate demand. With modernization of aging vertical transport systems and the growing focus on eco-friendly technologies, the market is set for sustained expansion through 2031.

Market Segmentation Analysis

Elevator to Dominate the Market – By Types

According to Suryakant, Senior Research Analyst, 6Wresearch, the Elevator segment is expected to lead the market due to its extensive application in residential and commercial sectors. Further, new installation and modernization projects are occurring in smart buildings, which are driving elevator adoption across Saudi Arabia, UAE, and Turkey.

Maintenance & Repair to Dominate the Market – By Services

Within the service category, Maintenance & Repair is expected to lead the market with expanding installed base of elevators and escalators across the Middle East. Companies are increasingly adopting predictive maintenance solutions integrated with IoT technologies to reduce downtime and enhance safety.

Commercial Sector to Dominate the Market – By End-User

In terms of end-user segmentation, the Commercial sector is predicted to dominate the market due to extensive development of shopping malls, office towers, airports, and metro systems. Urban commercial infrastructure projects in cities such as Dubai, Riyadh, and Doha are driving large-scale installation of escalators and moving walkways.

Saudi Arabia to Dominate the Market – By Countries

Among countries, Saudi Arabia is expected to hold the largest Middle East Elevator and Escalator Market Share on account of projects under Vision 2030, including NEOM, Red Sea Project, and Qiddiya. UAE and Turkey follow closely.

Key Attractiveness of the Reports

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Middle East Elevator and Escalator Market Outlook
• Market Size of Middle East Elevator and Escalator Market, 2024
• Forecast of Middle East Elevator and Escalator Market, 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Revenues & Volume for the Period 2021 - 2031
• Middle East Elevator and Escalator Market Trend Evolution
• Middle East Elevator and Escalator Market Drivers and Challenges
• Middle East Elevator and Escalator Price Trends
• Middle East Elevator and Escalator Porter's Five Forces
• Middle East Elevator and Escalator Industry Life Cycle
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of UAE Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Kuwait Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Qatar Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Bahrain Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Oman Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Middle East Elevator and Escalator Market - Key Performance Indicators
• Middle East Elevator and Escalator Market - Import Export Trade Statistics
• Middle East Elevator and Escalator Market - Opportunity Assessment By Countries
• Middle East Elevator and Escalator Market - Opportunity Assessment By Types
• Middle East Elevator and Escalator Market - Opportunity Assessment By Services
• Middle East Elevator and Escalator Market - Opportunity Assessment By End-User
• Middle East Elevator and Escalator Market - Top Companies Market Share
• Middle East Elevator and Escalator Market - Top Companies Profiles
• Middle East Elevator and Escalator Market - Comparison of Players in Technical and Operating Parameters
• Middle East Elevator and Escalator Market - Strategic Recommendations

Market Covered

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

By Countries

• Saudi Arabia
• UAE
• Kuwait
• Qatar
• Bahrain
• Oman
• Turkey
• Rest of Middle East

By Types

• Elevator
• Escalator
• Moving Walkways

By Services

• Maintenance & Repair
• New Installation
• Modernization

By End-User

• Residential
• Commercial
• Public