Saudi Arabia Elevator and Escalator Market: Valued at USD 1.89 billion in 2032 & Register Nearly 5.40% CAGR Through 2032
As per the research report by Report Cube, the Saudi Arabia Elevator and Escalator Market is valued at USD 1.89 billion in 2032 and is estimated to grow at a CAGR of about 5.40% during the forecast period, 2025-32.
The noticeable vertical upgrading in places such as Riyadh, Mecca, and Jeddah has elevated the need for escalators and elevators. Because of the vertical urban growth caused by economic activity and population growth, these vertical conveyance solutions are now an essential part of modern building design. Elevators are becoming increasingly important for efficient vertical mobility in high-rise residential and commercial structures.
Additionally, industry-wide technical developments have enhanced user experiences & increased energy efficiency. Among the advances that have emerged as substantial factors are touchless interfaces, energy-efficient designs, and destination control systems. Furthermore, the integration of sustainability & strict adherence to safety and regulatory standards has enabled the usage of sustainable materials & energy-efficient solutions in elevator and escalator systems. Furthermore, maintenance & repair services are vital to ensure the dependability & security of these systems.
Furthermore, in keeping with the Kingdom's commitment to modernizing urban infrastructure & enhancing accessibility, elevators & escalators would remain essential components of Saudi Arabia's advancement towards ecologically conscious urbanization & smart city development. Also, future developments in the industry are predicted to reflect the Kingdom's continuous attention to sustainability & safety, technological progression, and urbanization, further states the research study, Saudi Arabia Elevator and Escalator Market Analysis, 2025.
Analyzing the Saudi Arabia Elevator and Escalator Market Segmentation
Machine Room-less Sector to Lead the Saudi Arabia Elevator and Escalator Market
By elevator technology, the Saudi Arabia Elevator and Escalator Market is bifurcated into: Traction, Hydraulic, and Machine Room-Less.
The Machine Room-less segment accounted for the largest market share and is expected to grow over the forecast years. Owing to technological advancements, machine room-less elevator technology is a comparatively new invention. The size of electric motors used with traction equipment has substantially decreased as a result of this technology. For these devices, new permanent magnet motors (PMM) have also been created. They also reduce the expenses & environmental issues related to hydraulic oil-filled subterranean hydraulic cylinders. Additionally, a gearless traction machine is used in elevators without a machine room.
Saudi Arabia Elevator and Escalator Market Companies Analysis
With the strategic analysis & market study the leading companies, including Thyssenkrupp Elevator Saudi Arabia, Otis Elevator, Hyundai Elevator, Toshiba Elevator and Building Systems Corporation, Hitachi Elevator, Kone Middle East LLC, Fujitec CoLtd, Schindler., are predicted to contribute in the growing market outlook.