3/26/2022 0 Comments UAE to Witness Rising Demand for Routine Maintenance of Elevator & Escalators during 2022-27According to MarkNtel Advisors, the UAE Elevator and Escalator Maintenance and Repair Services Market is expected to grow at a CAGR of around 3.2% in the forecast period of 2022-27. To ensure optimal operation of elevators and escalators, the need for regular testing & inspection is significantly increasing. Failing to the routine quality testing and maintenance service can cause safety concerns and lead to reliability issues. Further, rising tourism & increasing infrastructural developments are resulting in the replacement of traditional elevators with advxanced ones that can help identify any fault in the system before its failure and, in turn, minimize downtime & promote effective cost-savings. Moreover, reliable maintenance & repair services leading to fewer call-backs & inconveniences are enhancing companies' market status and providing them with lucrative growth opportunities, further states the research report, “UAE Elevator and Escalator Maintenance and Repair Services Market Analysis, 2022. Get Sample Report:- https://www.marknteladvisors.com/query/request-sample/uae-elevator-escalator-maintenance-repair-services-market.html Residential Sector to Contribute Substantially to the Market Expansion through 2027
The mounting need for proper maintenance service for the elevators across the Residential sector is mainly due to the extensive presence of sky-scrapers & expensive residential buildings in the UAE since people pay premium prices for the houses & services offered to them. For instance, there are nearly 900 residences present in the 160-storey Burj Khalifa. Hence, the need for well-functioning elevators & escalators in such high-rise buildings is significantly increasing, contributing to the overall market growth. “UAE Elevator and Escalator Maintenance and Repair Services Market Analysis, 2022” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing. Abu Dhabi Registers Fastest Market Growth The various government initiatives toward launching Economic Vision 2030 for economic diversification & drawing foreign investments in the non-oil sectors, including manufacturing & tourism, are the prime reasons behind the fastest market growth in Abu Dhabi. These initiatives are projected to propel the demand for elevator & escalator maintenance & repair services in the coming years. Abu Dhabi is a tourist-attracting region, which demands the proper functioning of escalators & elevators in all public places to ensure the safety of tourists & enhance their overall experience. Hence, this also encourages the need for proper maintenance & repair services of escalators & elevators in the region. According to MarkNtel Advisors, the leading industry players in the UAE Elevator and Escalator Maintenance and Repair Services Market are Hitachi, Ltd, Middle East Branch, Kone Middle East LLC, Otis LLC, Schindler Middle East, Al-Futtaim Engineering, Nigma Lifts Installation & Maintenance Co, Thyssenkrupp Elevator, Al Nas Elevator Contracting LLC. Key Questions Answered in the Study
Market Segmentation: UAE Elevator and Escalator Maintenance and Repair Services Market
UAE Escalator Maintenance and Repair Services Market
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