UAE Elevator and Escalator Market Size & Growth Forecast Report 2025-2030 | Dubai Greenlights USD 1.5 Billion Housing Plan, Anticipating Elevator Market Surge - ResearchAndMarkets.com

The "UAE Elevator and Escalator Market Size & Growth Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.

The UAE Elevator and Escalator Market was sized at 16,153 units in 2024, and is projected to reach 19,137 units by 2030, rising at a CAGR of 2.87%.

Schindler, TK Elevators, KONE, OTIS, and Mitsubishi Electric are the top five vendors in the UAE elevator and escalator market.

Other prominent players in the UAE elevator and escalator market are Hitachi Ltd., Fujitec Co., Ltd, Hyundai Elevator Co., Ltd., Toshiba Elevator and Building Systems Corporation (TELC), Sigma Elevator, Orona, KLEEMAN, MASSAED, Gulf Elevators Co. LLC, Atlas Elevators Factory L.L.C., and others.

These leading players continuously innovate to provide state-of-the-art technology, ensuring safety, efficiency, and sustainability.

KEY HIGHLIGHTS

• The UAE's elevator market by installed base is expected to reach 124 thousand units by 2030.
• Elevators used in the residential sector accounted for the largest share in 2024, despite low purchasing power due to high interest rates. The market is set to recover in 2025 pertaining to high government expenditure on construction projects.
• Due to its high popularity, the machine roomless traction segment accounted for the largest market share.
• The UAE's installed base escalators market is expected to reach 176 thousand units by 2030.
• Escalators used in the commercial sector accounted for the largest share in 2024 due to increasing retail projects in the pipeline.
• The parallel escalators segment accounted for the largest market share in 2024 due to the high construction of commercial buildings.
• The residential real estate sector in the UAE is set for massive growth. Therefore, according to the recent government update, 10,800 new units are expected to be delivered in 2025. Additionally, 6,000 more will be delivered in 2026. By 2028, the residential inventory will include a total of 3,13,700 units.
• In 2025, Dubai approved an extensive housing development project valued at USD 1.5 billion. This initiative aims to provide 3,004 new homes across various regions in Dubai, emphasizing the government's ongoing efforts to support Emirati citizens through comprehensive housing support programs.
• The Expo City Mall is anticipated to launch in 2026. Expo City Dubai is expanding with a new retail hub featuring over 190 stores and restaurants. Another development includes the Nad Al Sheba Mall, which will be a 500,000-square-foot mall in Dubai featuring over 100 stores. These developments are expected to propel the sales of crisscross escalators across the UAE elevator and escalator market.

UAE ELEVATOR AND ESCALATOR MARKET TRENDS & DRIVERS

• AI integration in elevators and escalators aims to enhance safety and efficiency. Otis launched its Gen3 elevator with advanced digitization, while Schindler introduced its Robotic Installation System.
• Urbanization and population growth are driving sustainable construction, dovetailing with mega projects such as Masdar City and Sustainable City in Dubai.
• Public infrastructure investment is pivotal, with initiatives aligned with UAE Vision 2031 and the National Investment Strategy 2031.
• Tourism expansion contributes significantly, with strategies to boost GDP through projects like The Dorchester Collection Ela and Kempinski Floating Sea Palace Resort.

Industry Restraints

• Escalating material and labor costs, alongside regulatory compliance challenges, pose hurdles for market players.
• Developers face financial constraints due to upfront payment demands for construction materials.
• Keeping abreast with evolving regulations and standards remains a concern for sustained market growth.

UAE ELEVATOR AND ESCALATOR MARKET VENDOR ANALYSIS

• In February 2025, Shobha Realty, a leading luxury real estate developer, awarded to the supply and installation of 303 elevators in five of its major projects in Dubai.
• In February 2025, Azizi Developments announced a strategic partnership with KONE. This collaboration will bring innovative vertical mobility solutions to several flagship projects in Dubai South, MBR City, and Dubai Healthcare City.
• In March 2025, TK Elevator was awarded a 10-year service contract with Dubai Airports.

Key Vendors

• Otis
• KONE
• TK Elevator
• Schindler
• Mitsubishi Electric
• Hitachi
• Hyundai Elevator
• Fujitec

Other Prominent Vendors

• Toshiba Elevator And Building Systems Corporation
• Sigma Elevator
• Orona
• KLEEMANN
• MASSAED
• ALFA Elevator Co.
• Royal Fuji Star
• Gulf Elevator Co.
• CEDAS EF
• Atlas Elevator Factory
• Skodtec Elevators
• Orient Lines Elevators

Key Attributes:

Elevator Market Segmentation by

Machine Type

• Hydraulic and Pneumatic
• Machine Room Traction
• Machine Room Less Traction
• Others
• Climbing
• Elevators
• Industrial Elevators

Carriage Type

• Passenger
• Freight

Capacity

• 2-15 Persons
• 16-24 Persons
• 25-33 Persons
• 34 Persons and Above

End-User

• Commercial
• Residential
• Industrial
• Others
• Public Transit
• Institutional
• Infrastructural

Escalator Market Segmentation by

Product Type

• Parallel
• Multi Parallel
• Walkway
• Crisscross

End-User

• Public Transit
• Commercial
• Others
• Institutional Sector
• Infrastructure
• Industrial

For more information about this report visit https://www.researchandmarkets.com/r/ma4mw5

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