Dublin, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/zstx9x/elevator_and) has announced the addition of the "Elevator and Escalator Market in Saudi Arabia 2012-2016" report to their offering.
The Saudi Arabian elevator and escalator market is set to grow at a CAGR of 6.90 percent over the period 2012-2016. This will see Fujitec Co. Ltd., Mitsubishi Electric Saudi Ltd., and Schindler Group Dominate the Industry.
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.
One of the key factors contributing to this market growth is the increase in civil and construction activities across Saudi Arabia. The Elevators and Escalators market in Saudi Arabia has also been witnessing the emergence of eco-friendly elevators and escalators. However, the need for increased capital costs could pose a challenge to the growth of this market.
Key questions answered in this report:
- What will the market size be in 2016 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
According to the report, one of the main drivers is the increase in civil construction activities in Saudi Arabia. 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.
Key Topics Covered:
1. Executive Summary
3. Market Coverage
4. Market Landscape
4.1 Market Size and Forecast
4.2 Elevators Market in Saudi Arabia
4.3 Escalators Market in Saudi Arabia
4.4 Age of Elevators and Escalators in Saudi Arabia
4.5 End-user Segmentation
4.6 Five Forces Analysis
05. Geographical Segmentation
06. Vendor Landscape
07. Buying Criteria
08. Market Growth Drivers
09. Drivers and Their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/zstx9x/elevator_and
Source:Research and Markets