MRO Magazine

Research and Markets: Kuwait Elevator and Escalator Market 2015-2021 with Kone, Otis, Schindler, ThyssenKrupp Dominating

May 6, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Kuwait Elevator and Escalator Market (2015-2021)” report to their offering.

Kuwait is one of the key growing elevator and escalator markets in GCC region. Rising infrastructural development, growing urbanization, growth of hospitality and retail sectors has spurred the market of elevators and escalators in Kuwait.

Growing construction market, expansion of airport, building up of new hotels & malls and upcoming metro project are the few factors that have resulted in the growth of elevator and escalator market in Kuwait. Surging government expenditure on infrastructure development has impacted for their wide installation.

According to this research Kuwait Elevator and Escalator market is projected to grow at a CAGR of 4.5% during 2015-21. In 2014, elevator market dominated overall elevator and escalator market primarily due to revenue generation from maintenance segment. The maintenance market generated revenue from application areas such as Retail, Hospitals, Hotels, Commercial Offices/ Business Parks and Banks & Financial Institutions. However, share of escalator market is expected to increase in the forecast period owing to demand from retail and transportation applications.

The key players in Kuwait’s elevator and escalator market are namely- Kone, Otis, Schindler, ThyssenKrupp and others.

The report provides the detailed analysis of following market segments:

– Elevator Types:

– – Geared and Gear Less with Machine Room

– – Hydraulic Elevators

– – Machine Room Less Elevators

– Escalator Types:

– – Moving Stairs Escalators

– – Moving Walkways Escalators

– Application

– – Residential

– – Industrial

– – Commercial

– Retail

– Hospital

– Hotel

– Commercial Offices/ Business Parks

– Banks and Financial Institutions

– Services:

– – New Installation

– – Modernization

– – Maintenance

– Regions:

– – Kuwait City

– – Rest of Kuwait

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Global Elevator and Escalator Market Overview

4 Kuwait Elevator and Escalator Market

5 Kuwait Elevator and Escalator Market Dynamics

6 Kuwait Elevator and Escalator Market Trends

7 Kuwait Elevator Market

8 Kuwait Escalator Market

9 Kuwait Elevator and Escalator Market, By Services

10 Kuwait Elevator and Escalator Market, By Application

11 Kuwait Elevator and Escalator Market, By Region

12 Competitive Landscape

13 Company Profile

14 Key Strategic Pointers

Companies Mentioned

– ETA-MELCO Elevator Co. LLC

– Fujitec Co. Ltd. Kuwait

– Hitachi Elevator and Escalator Company

– Hyundai Elevators Co Ltd

– Kleemann Group

– Kone

– Otis Elevator Company

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Manufacturing and Industry