April 5, 2013
Research and Markets
has announced the addition of the "
Elevator and Escalator Market in Saudi Arabia 2012-2016
" report to their offering.
This new report, Elevators and Escalators Market in
2012-2016, is based on an in-depth analysis exclusively focusing on
. The report aims to aid decision makers' understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio's Engineering team said: "Movement within buildings is more time consuming in the taller buildings and skyscrapers that are now being built. Therefore, legacy elevators moving at a speed of 2-5 meters per second cannot be used as an effective means of transportation in today's tall buildings. For this reason, several vendors are developing high-speed elevators that will enable the faster movement of people and goods within buildings by reducing the weight of elevator cars and incorporating high-powered motors to increase speed."
According to the report, one of the main drivers is the increase in civil construction activities in
. The increase in the construction of commercial, residential, and industrial buildings drives the increased adoption of
elevators and escalators
Further, the report reveals that one of the main challenges in the market is the high cost of elevators and escalators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The key vendors dominating this market space are Fujitec Co. Ltd., Mitsubishi Electric Saudi Ltd., and Schindler Group.
The other vendors mentioned in the report are Gulf Elevator and Escalators Company Ltd (GEEC), Kone Corp., ThyssenKrupp AG, Otis Elevator Company, Hyundai Elevators Co. Ltd, and Toshiba Elevator and Building Systems Corp.