Middle East & Africa Elevator Market to 2032
Overview
The Middle East & Africa Elevator Market is expected to reach a 11.03 USD Billion by 2032 and is projected to grow at a CAGR of 6.84% from 2025 to 2032.
Revenue, 2024 (USD Billion)
6.55
Forecast, 2032 (USD Billion)
11.03
CAGR, 2024 - 2032
6.84%
Report Coverage
Middle East & Africa
Middle East & Africa Elevator Market 2018-2032 USD Billion
Middle East & Africa Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 6.55 USD Billion
- Projected Market Size (2032): 11.03 USD Billion
- CAGR (2025-2032): 6.84%
Key Findings of Middle East & Africa Elevator Market
- The Middle East & Africa Elevator Market was valued at 6.55 USD Billion in 2024.
- The Middle East & Africa Elevator Market is likely to grow at a CAGR of 6.84% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Single Deck in Deck Segment accounted for the largest share of the market with a revenue of 4.86 USD Billion
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 7.99% during the forecast period from 2024 to 2032.
Middle East & Africa Elevator Market Scope
Middle East & Africa Elevator Market Segmentation & Scope
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Component
- Services
- Hardware
Deck
- Double Deck
- Single Deck
End Use
- Industrial
- Residential
- Commercial
Middle East & Africa Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 6.55 USD Billion |
| Market Value in 2032 | 11.03 USD Billion |
| CAGR (2025-2032) | 6.84% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Mechanism,Speed,Elevation,Destination Control,Door Type,Capacity,Component ,Deck ,End Use |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 6.55 USD Billion in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 1,573.60 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.65 USD Billion in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 6.88 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 2.73 USD Billion in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.56 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.27 USD Billion in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.23 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.47 USD Billion in the year 2024.
- Low Rise Elevators is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.07 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.91 USD Billion in the year 2024.
- Conventional is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 6.94 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.03 USD Billion in the year 2024.
- Automatic Door is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.47 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 2.41 USD Billion in the year 2024.
- 630kg (or less) is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.99 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Component
- Hardware is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 4.47 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 6.93 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By Deck
- Single Deck is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 4.86 USD Billion in the year 2024.
- Single Deck is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 6.93 % in forecast period 2025-2032.
-
Middle East & Africa Elevator Market to 2032, By End Use
- Commercial is the largest segment in Middle East & Africa Elevator Market to 2032 with a revenue of 3.57 USD Billion in the year 2024.
- Commercial is the Fastest growing segment in Middle East & Africa Elevator Market to 2032 with a Growth rate of 7.04 % in forecast period 2025-2032.
Middle East & Africa Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
Middle East & Africa Elevator Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Elevator Market is segmented based on Segmentation Type,Mechanism,Speed,Elevation,Destination Control,Door Type,Capacity,Component ,Deck ,End Use.
Middle East & Africa Elevator Market was valued at USD 6.55(Revenue in USD Billion) in 2024.
Middle East & Africa Elevator Market is projected to grow at a CAGR of 6.84% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the Middle East & Africa Elevator Market, holding a largest market share of 4.86 USD Billion in 2024
Middle East & Africa Elevator Market Scope
Middle East & Africa Elevator Market Segmentation & Scope
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Component
- Services
- Hardware
Deck
- Double Deck
- Single Deck
End Use
- Industrial
- Residential
- Commercial
Frequently Asked Questions
The Middle East & Africa Elevator Market is segmented based on Segmentation Type,Mechanism,Speed,Elevation,Destination Control,Door Type,Capacity,Component ,Deck ,End Use.
Middle East & Africa Elevator Market was valued at USD 6.55(Revenue in USD Billion) in 2024.
Middle East & Africa Elevator Market is projected to grow at a CAGR of 6.84% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Elevator Market for final year is USD 11.03 (USD Billion).
Middle East & Africa Elevator Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Elevator Market is segmented based on Segmentation Type,Mechanism,Speed,Elevation,Destination Control,Door Type,Capacity,Component ,Deck ,End Use.
Middle East & Africa Elevator Market was valued at USD 6.55(Revenue in USD Billion) in 2024.
Middle East & Africa Elevator Market is projected to grow at a CAGR of 6.84% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Elevator Market for final year is USD 11.03 (USD Billion).
CHOOSE LICENCE TYPE
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