Elevators and escalators are deployed in buildings for the smooth and easy movement of people and goods within a building's premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others. They are also installed in public places to improve vehicle parking management. There are several types of elevators such as passenger elevators, freight elevators, vehicle elevators, and residential elevators.
According to a report by Reportstack, the elevator and escalator market will grow at a CAGR of 5.39 percent over the period 2013-2018. This report covers the present scenario and the growth prospects of the elevator and escalator market in the GCC for the period 2014-2018. To calculate the market size, the report considers the number of elevator and escalator units installed in different projects running in the GCC countries.
The report focuses on the GCC; it also covers the elevator and escalator market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.