Jordan Elevator and Escalator Market (2020-2026) | Size, Share, Value, Analysis, Trends, Revenue, Industry, Growth, Outlook, Segmentation & COVID-19 IMPACT

Jordan 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 decline of -29.26% over the previous year. While Spain registered a decline of -41.73% 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, Jordan has a Herfindahl index of 3272 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2524 which signifies high concentration in the market.

Jordan Elevator And Escalator Market - Export Market Opportunities

Topics Covered in the Jordan Elevator And Escalator Market

Jordan Elevator And Escalator Market report thoroughly cover the market by types, by services, and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

Jordan Elevator And Escalator Market are projected to grow over the coming years. Jordan Elevator And Escalator Market report is a part of our periodical regional publication Middle East Elevator And Escalator Market Outlook report. 6W tracks the elevator and escalator market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Elevator And Escalator Market outlook report annually.

Jordan Elevator And Escalator Market Synopsis

Jordan Elevator And Escalator Market is projected to register immense growth in the upcoming years on account of booming construction activities, which has resulted in an increased demand for elevators and escalators. In addition to this, the government is also putting efforts to diversify the industry. For instance, the initiatives taken by the government to develop infrastructural facilities are also fuelling the Jordan Elevator And Escalator Market Growth. The current state of the market is quite strong. Jordan has a very large number of high-rise commercial buildings, which has created a significant demand for elevators and escalators.

According to 6Wresearch, the Jordan Elevator And Escalator Market is anticipated to grow at a higher growth rate during 2020-2026. The market is flourishing mainly due to the growing construction industry, driven by strong economic conditions and an increase in infrastructure development. The government is also focusing on developing the tourism sector which is also playing a vital role in proliferating growth in the Jordan Elevator And Escalator Industry, as there is a need for escalators and elevators in hotels and other tourist attractions. Moreover, infrastructure development is also a key factor that is driving demand for elevators and escalators in Jordan, as these are essential for commercial construction projects. However, there are some factors hindering the growth of Jordan elevator and escalator industry, including high competition which has resulted in fierce price competition and less margins. Also, a lack of trained technicians and engineers results in poor service quality and high maintenance costs. The future of the elevator and escalator market in Jordan is positive with the continued construction of high-rise buildings and government investment in infrastructure projects.

COVID-19 Impact on the Jordan Elevator And Escalator Market

The COVID-19 pandemic has worsened the global economy, including Jordan elevator and escalator market size as the pandemic has led to a decline in the construction industry and resulted in the postponement of new installation of elevators and escalators. With the implementation of lockdowns, many construction projects were put on hold, which declines the demand for elevators and escalators in commercial projects. The outbreak has also led to a shift in consumer preferences towards touchless technology. Furthermore, the economic impact of the pandemic has led to financial constraints, making it challenging for building owners to invest in new elevators and escalators.

Key players in the Jordan Elevator And Escalator Market

The Jordan Elevator And Escalator Market has several key players, each with their own unique offerings and presence in the industry. The competitive landscape of the market is highly fragmented with the presence of numerous small and medium-sized players. The key players in the market are focused on strategies such as mergers & acquisitions and new product launches to expand their product portfolio. Some of them are;

• Otis Elevator Company
• Kone Elevators & Escalators
• ThyssenKrupp Elevator AG

Market Analysis by Services

According to Ravi Bhandari, Research Head, 6Wresearch, the new installation segment is anticipated to grow due to the growing demand for new construction projects in Jordan. On the other hand, the modernization segment is also growing owing to the upgradation requirement for existing elevators and escalators to enhance their performance and energy efficiency.

Market Analysis by End-User

Based on end-user, the commercial segment is expected to gain the Jordan Elevator And Escalator Market share over the forecast period, followed by the public end-user segment. The residential end-user segment is projected to have the lowest growth rate owing to the low demand.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Jordan Elevator and Escalator Market Outlook
• Market Size of Jordan Elevator and Escalator Market, 2019
• Forecast of Jordan Elevator and Escalator Market, 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Revenues & Volume for the Period 2016 - 2026
• Jordan Elevator and Escalator Market Trend Evolution
• Jordan Elevator and Escalator Market Drivers and Challenges
• Jordan Elevator and Escalator Price Trends
• Jordan Elevator and Escalator Porter's Five Forces
• Jordan Elevator and Escalator Industry Life Cycle
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Types for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Services for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By End-User for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Historical Data and Forecast of Jordan Elevator and Escalator Market Revenues & Volume By Public for the Period 2016 - 2026
• Jordan Elevator and Escalator Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Services
• Market Opportunity Assessment By End-User
• Jordan Elevator and Escalator Top Companies Market Share
• Jordan Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
• Jordan Elevator and Escalator Company Profiles
• Jordan Elevator and Escalator Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

• Elevator
• Escalator
• Moving Walkways

By Services

• Maintenance & Repair
• New Installation
• Modernization

By End-User

• Residential
• Commercial
• Public

Jordan Elevator and Escalator Market: FAQs