Saudi Arabia Elevator and Escalator Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 4.10% (2025-2033)

Driven by rapid urbanization and infrastructure growth, the market is witnessing steady expansion. Increasing investments in commercial and residential projects continue to fuel demand. According to the latest report by IMARC Group, the Saudi Arabia elevator and escalator market size reached USD 1.5 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.2 billion by 2033, exhibiting a growth rate (CAGR) of 4.10%​​​​​​​ during 2025-2033.

Saudi Arabia Elevator and Escalator Industry Trends and Drivers:

Saudi Arabia rapid urban growth is boosting the elevator and escalator market. This growth comes from government plans to diversify the economy. Cities like Riyadh, Jeddah, and Makkah are seeing more high-rise buildings. This growth needs advanced vertical transport systems for the increasing urban population. Mega-projects like smart cities and large tourism sites need more elevators and escalators. Demand is growing in hotels, resorts, malls, and transport hubs. This includes airports and metro stations. These projects aim for modern and efficient systems. They ensure smooth mobility for residents, tourists, and pilgrims. The residential sector is adding more elevators. This is due to population growth and urban migration. Also, there’s a focus on making them accessible for the elderly and disabled. The commercial sector, including offices and healthcare facilities, is also expanding. Businesses invest in advanced systems to enhance user experience. Government investments in infrastructure boost this trend. They focus on vertical growth to make the best use of urban space. Thus, elevators and escalators have become key to modern city planning.

The elevator and escalator market in Saudi Arabia is changing. There is a strong focus on technology and sustainability. Smart technologies, like IoT devices and predictive maintenance, are gaining popularity. They allow for real-time monitoring and better efficiency. Energy-efficient solutions, like regenerative drives, are becoming popular. The country is aiming for the global sustainability goals. These improvements cut costs and attract eco-friendly developers. They aim to lower their carbon footprints. Local authorities are enforcing stricter safety rules. This is pushing manufacturers to include advanced features. Now, they are adding seismic sensors and anti-pinch devices. The market sees more demand for modernization services. Building owners prefer to upgrade systems instead of replacing them. Cost-effectiveness and the need for modern safety standards drive this choice. The tourism industry is growing, and smart city development is advancing. This boosts the need for attractive, high-quality systems. This is especially true for luxury hotels and commercial spaces. This focus on innovation and eco-friendly designs paves the way for growth. It matches the country's goal for sustainable urban development.

Download a sample copy of the Report: https://www.imarcgroup.com/saudi-arabia-elevator-escalator-market/requestsample

Saudi Arabia Elevator and Escalator Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Elevators
• Escalators
• Moving Walkways

Service Insights:

• New Installation
• Maintenance and Repair
• Modernization

End Use Insights:

• Residential
• Commercial
• Offices
• Hospitality
• Mixed Block
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

Street: Morgan Park QLD 4370

City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: sales@imarcgroup.com

Phone Number: +1-631-791-1145