Elevator & Escalator Market in GCC Countries in Construction Machinery & Heavy Trucks Industry | Discover Company Insights in Technavio

NEW YORK, July 17, 2021 /PRNewswire/ — «Increasing government spending on the construction sector and the growing investment in smart cities…

NEW YORK, July 17, 2021 /PRNewswire/ — «Increasing government spending on the construction sector and the growing investment in smart cities will further boost market growth during the forecast period», says a senior analyst at Technavio.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have at Par on the elevator and escalator market in GCC countries. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

The elevator and escalator market in GCC countries in the construction machinery & heavy trucks is expected to grow by 1874 units, progressing at a CAGR of almost 3% during 2021-2025, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Elevator and Escalator Market in GCC Countries 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist the elevator and escalator market growth in GCC countries during the next five years
  • Estimation of the elevator and escalator market size in GCC countries and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the elevator and escalator market in GCC countries
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of elevator and escalator market vendors in GCC countries

Elevator and Escalator Market in GCC Countries 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the elevator and escalator market size in GCC countries. Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., Sigma Elevator Co., Toshiba Corp., and ThyssenKrupp AG are some of the major market participants.

  • Elevator and Escalator Market in GCC Countries Size
  • Elevator and Escalator Market in GCC Countries Trends
  • Elevator and Escalator Market in GCC Countries Industry Analysis

This study identifies elevators that go sideways as well as up and down as one of the prime reasons driving the Elevator and Escalator Market in GCC Countries growth during the next few years.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70619

Reasons to Buy the Report:

  • Leverage latest data mapping the technological advancements
  • Find deeper market insights and forecast information about current market developments.
  • Explore insights on key market accelerating factors.
  • Identify potential threats to market growth.
  • Understand the impact of trends likely to influence market growth positively or negatively.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Product
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report link: https://www.technavio.com/report/elevator-and-escalator-market-in-gcc-countries-industry-analysis

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