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Qatar Elevators and Escalators - Market Size & Growth Forecast 2023-2029
Market Report I 2023-10-20 I 114 Pages I Arizton Advisory & Intelligence
The Qatar elevator and escalator market is expected to grow at a CAGR of 4.21% during the forecast period.
KEY HIGHLIGHTS
- Qatar is positioning itself as a noticeable sports destination by successfully hosting the FIFA World Cup in 2022 and securing rights for the 2030 Asian Games. It stepped in to host the AFC Asian Cup 2023, initially planned for China, from January 12 to February 10, 2024. These events emphasize the need for enhanced infrastructure, including stadiums, accommodations, and airport facilities, to manage crowds and tourists effectively to aid in installing vertical transportation to support the Qatar elevator and escalator market growth.
- Among the notable projects aligned with Qatar National Vision(QNV) 2030 are the Qatar Integrated Rail, an urban metro and high-speed passenger and freight railway system amounting to USD 40 billion, and the New Port Project, a colossal USD 7.4 billion undertaking designed to cater to food security infrastructure and warehousing needs. The expansion of the Hamad International Airport allocated a budget of USD 15.5 billion, is also part of this comprehensive effort.
- Mannai - Microsoft Solutions, an ICT division of Mannai Trading Company WLL and a leading Microsoft Solutions provider in Qatar, announced a strategic partnership with Wizard Cyber, a global cybersecurity firm, in July 2023. This partnership promises enhanced services, expertise, and solutions to businesses and organizations across Qatar, Oman, Bahrain, and Kuwait. The partnership also introduces a unique Sentinel CyberShield platform in Qatar's Microsoft data center powered by Microsoft Sentinel to provide Modern SOC services.
- The Accessible Qatar initiative by Sasol aims to enhance accessibility for people with disabilities in the State of Qatar by providing accurate and instant information about the accessibility levels of public and tourist places. This information is made available through a smartphone app and a website. The app and website feature reliable data curated by experts and user reviews and ratings. The goal is to empower individuals with disabilities and tourists to explore and enjoy Qatar while considering the accessibility factor confidently. Moreover, by sharing information publicly, the initiative encourages establishments to make necessary adjustments to ensure inclusivity. Ultimately, the "Accessible Qatar" app promotes Qatar as an accessible destination for all individuals.
- Qatar's ambitious 2050 Transport Plan is poised to impact various sectors significantly. The plan allocates 22 new projects in 2023, with an estimated expenditure of USD 2.7 billion. These projects are expected to drive the Qatar elevator and escalator market, especially in Qatar's increasing construction and infrastructure landscape.
SEGMENTATION ANALYSIS
Elevator Market Segmentation by
Machine Type
- Hydraulic and Pneumatic
- Machine Room Traction
- Machine Room Less Traction
- Others
o Climbing
o Elevators
o Industrial Elevators
Carriage Type
- Passenger
- Freight
Capacity
- 2-15 Persons
- 16-24 Persons
- 25-33 Persons
- 34 Persons and Above
End-User
- Commercial
- Residential
- Industrial
- Others
o Public Transit
o Institutional
o Infrastructural
Escalator Market Segmentation by
Product Type
- Parallel
- Multi Parallel
- Walkway
- Crisscross
End-User
- Public Transit
- Commercial
- Others
o Institutional Sector
o Infrastructure
o Industrial
Qatar's Tourism and Infrastructure Projects Boost the Demand for New Installations in the Qatar Elevator and Escalator Market
- Doha Port has transformed into a permanent port for hosting tourist ships, now a key attraction in the heart of Doha. It claims the capacity to accommodate two large vessels concurrently. With such enhancements, tourism companies anticipate the sector will draw 500,000 visitors who arrive via tourist ships by 2026.
- The upcoming 2024 U23 Asian Cup, scheduled to be hosted by Qatar, is anticipated to stimulate the advancement of diverse infrastructure projects nationwide and is projected to propel the Qatar elevator and escalator market. Moreover, the region has bid to host the 2027 Asian Cup and has already been granted the rights to host the 2030 Asian Games. This wave of events is set to catalyze the construction of several high-rise buildings.
- In February 2023, Doha was designated as the Arab Tourism Capital for the year by the Arab Ministerial Council for Tourism. This recognition is set to bolster the region's tourism initiatives to attract 6 million visitors annually by 2030.
- The Ministry of Interior has introduced an extended special card for fans and organizers of the FIFA World Cup in Qatar 2022. This card grants them privileges such as bringing along family and friends, seamless entry and exit from the country, and access to a dedicated service known as "Hayya with Me." This significant measure aims to reinforce and fortify the tourism sector.
Government Focus to Increase Foreign Property Investment, Institutional, and Major Line Up of Projects in Qatar to Boost Demand for Installation of Elevators
- The government approved a new law regulating partnerships between the public and private sectors, which is expected to attract more foreign direct investments to the country. These factors support the anticipated continuous growth of the construction sector in Qatar, aligned with the development targets the country aims to achieve by 2030, and support the growth of the Qatar elevator and escalator market.
- In March 2022, United States President Joe Biden officially designated Qatar as a major non-NATO ally of the United States. Construction work for the new United States embassy has formally begun in Doha. The planned new building incorporates various energy-saving techniques and addresses environmental responsibility with a design that evokes rich Qatari culture and American ideals. The new U.S. Embassy will be located on a 12-acre property in a new diplomatic zone in Doha's Wadi al Banat. It will facilitate the continuous growth of diplomatic, security, and commercial relations between the U.S. and Qatar. The new facility will be completed in 2026.
- The Public Works Authority (Ashghal) has unveiled its building project plan 2023, known as 'Ashghal 2023'. This initiative encompasses 22 new building projects, collectively valued at around QR4.1 billion(USD 1.1 billion). Additionally, more projects are slated for tender in the third quarter of 2023.
VENDOR LANDSCAPE
- The key players in the Qatar elevator and escalator market are KONE, TKE, Schindler, Otis, Hyundai, Fujitec, and Hitachi.
- The top 5 prominent vendors, including KONE, TKE, Schindler, and Otis, hold 58% of the Qatar elevator and escalator market.
Key Vendors
- KONE
- TK Elevator
- Schindler
- Otis
- Hyundai Elevator
- Fujitec
- Hitachi
Other Prominent Vendors
- Sodimas Elevators Qatar
- Almuftah Group
- Bayern Systems
- Sigma Elevator
- Orona
- Johnson Lifts Pvt. Ltd.
- Europe Elevators
KEY QUESTIONS ANSWERED:
1. How big is the Qatar elevator and escalator market?
2. What will be the growth rate of the Qatar elevator and escalator market?
3. What is the number of installed bases in the Qatar elevator and escalator market in 2022?
4. What factors drive the maintenance and modernization segment in the Qatar elevator and escalator market?
5. What are the key Qatar elevator and escalator market players?
1. Introduction
1.1. Market Scope
1.2. Market Snapshot of Elevators
1.3. Market Snapshot of Escalators
1.4. Executive Summary
2. Qatar Elevators Market
2.1. Future Outlook -Qatar Elevator Market By Volume
2.2. Qatar Escalators Market- By Segments
2.2.1. Qatar Escalators Market, By Volume
2.2.1.1. Qatar Escalators Market Size and Forecast, Volume (Units in Thousand), 2020-2029
2.2.2. Qatar Elevators Market, By Type
2.2.2.1. Hydraulic and Pneumatic , Market Size and Forecast, Volume (Units),2020-2029
2.2.2.2. Machine Room Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.3. Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3. Qatar Elevators & Escalators Market by Carriage Type
2.2.3.1. Passenger, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3.2. Freight, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4. Qatar Elevators Market by Persons
2.2.4.1. 2-15 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.2. 16-24 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.3. 25-33 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.4. 34 Persons and Above, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5. Qatar Elevators Market by End Users
2.2.5.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.2. Residential, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.3. Industrial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
3. Qatar Escalators Market
3.1. Future Outlook - Qatar Escalators Market by Volume
3.2. Qatar Escalators Market- By Segments
3.2.1. Qatar Escalators Market, By Volume
3.2.1.1. Qatar Escalators Market Size and Forecast, Volume (Units), 2020-2029
3.2.2. Qatar Escalator Market by Type
3.2.2.1. Parallel, Market Size and Forecast, Volume (Units) , 2020-2029
3.2.2.2. Multi-parallel, Market Size and Forecast, Volume (Units) , 2020-2029
3.2.2.3. Walkway, Market Size and Forecast, Volume (Units) , 2020-2029
3.2.2.4. Crisscross, Market Size and Forecast, Volume (Units) , 2020-2029
3.2.3. Qatar Escalator Market by End user
3.2.3.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.2. Public Transit, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.3. Others, Market Size and Forecast, Volume (Units), 2020-2029
4. Qatar Elevators &Escalators Market, By service (Maintenance & Modernization)
5. Geographical Analysis
5.1. Key Economic countries in Qatar
6. Market Dynamics
6.1. Market Drivers, Opportunities, Restraints, Trends
7. Technological Development
8. Competitive Landscape
8.1. Company Profile of major Vendors
8.2. Other Prominent vendors
9. Report Summary
9.1. List of Abbreviations
10. Appendix (Report Scope & Definition)
10.1. Research Methodology
10.2. Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
1. Qatar Elevator & Escalator Installed Base by Volume 2020-2029 (Units)
2. Qatar Elevator & Escalator New Installations by Volume 2020-2029 (Units)
3. Market Share 2022: Maintenance
4. Market Share 2022: Modernization
5. Qatar Installed Base: Volume (Units in Thousands)
6. Qatar New Installations: Volume (Units in Thousands)
7. Global Elevator &Escalator Market, Product and service 2022: Installed base
8. Global Elevator &Escalator Market, Product and service 2022: New Installed Base
9. Maintenance Market :2022
10. Installed base of elevators by volume (units in thousands)
11. New Installations of elevators by volume (units in thousands)
12. Maintenance & Modernization Value($Million)
13. Maintenance & Modernization 2022(%)
14. Installed base of escalators by volume (units in thousand)
15. New Installations of escalators by volume (units in thousand)
16. Maintenance & Modernization Value($Million)
17. Maintenance & Modernization 2022(%)
18. Housing Units by Municipality Census 2020
19. Installed base and New installations of Elevators (Units)
20. New Installations of Elevators (Units)
21. Average Life Expectancy Of Elevator Components
22. Hydraulic & Pneumatic Elevators Installed base and New Installations (Units)
23. Machine Room less Traction Elevators Installed base and New Installations (Units)
24. Machine Room Traction Elevators Installed base and New Installations (Units)
25. Others Machine Elevators Installed base and New Installation (Units)
26. Installed base and new installations of Passenger Elevators (Units)
27. Installed base and new installations of Freight Elevators (Units)
28. Installed base and new installations of 2-15 persons elevators (Units)
29. Installed base and new installations of 16-24 persons elevators (Units)
30. Installed base and new installations of 25-33 persons elevators (Units)
31. Installed base and new installations of 34 persons and above elevators (Units)
32. Installed base and new installations of Commercial Elevators (Units)
33. Installed base and new installations of Residential Elevators (Units)
34. Installed base and new installations of Industrial Elevators (Units)
35. Installed base and new installations of other end-user Elevators (units)
36. Installed base and new installations of escalators (Units)
37. New installations of escalators (Units)
38. Installed base and new installations of Parallel Escalators (Units)
39. Installed base and new installations of Multi parallel Escalators (Units)
40. Installed base and new installations of Moving Walkway Escalators (Units)
41. Installed base and new installations of Criss cross Escalators (units)
42. Installed base and new installations of Public Transit Escalators (Units)
43. Installed base and new installations of Commercial Escalators (Units)
44. Installed base and new installations of Other End user Escalators (units)
45. Qatar Elevators & Escalators Maintenance Market ($ Bn)
46. Qatar Elevators & Escalators Modernization Market ($ Bn)
47. Elevators and Escalators market: Geographic Analysis
48. Housing units based on census 2020 by municipality
49. Building permits by City
50. Visitors by source location in June 2023
51. Visitors arrival by transport in 2023
52. Percentage of Hotel occupancy in 2023
53. Market share 2020(% share)
54. KONE, total sales by segment 2022(%share)
55. TKE total sales 2020-2022($billion)
56. Schindler, total sales 2017-2022($billion)
57. Otis total sales 2020-2022($billion)
58. Fujitec net sales 2017-2022($billion)
59. Hitachi Total Sales by Segment 2022(% Share)
LIST OF TABLES
1. 150m+ Tall buildings by Country
2. Top 10 Tallest Buildings in Qatar
3. Standards and Regulations for Elevator in Qatar
4. By Machine, New Installations, Total Incremental Opportunity, 2022-2029
5. By Carriage Type, New Installations, Total Incremental Opportunity, 2022-2029
6. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2022-2029
7. By End User, New Installations, Total Incremental Opportunity, 2022-2029
8. By Product, New Installations, Total Incremental Opportunity, 2022-2029
9. By End User, New Installations, Total Incremental Opportunity, 2022-2029
10. Geographic Analysis
11. Housing Density by Municipality in 2020
12. Type of Buildings by Municipality
13. Impact of carbon emissions
14. Developments/ projects
15. Elevators market size & forecast, by type (Units)
16. Elevators by Carriage Type Market Size & Forecast (Units)
17. Elevators market size & forecast, by persons (Units)
18. Elevators by End-Users Market Size & Forecast (Units)
19. Escalators market size & forecast, by type (Units)
20. Escalators market size & forecast, by end users (Units)
21. List of abbreviations
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