GCC: Escalator Market 2025

Escalator Market Size in GCC

The GCC escalator market rose modestly to $X in 2022, surging by 1.7% against the previous year. Overall, consumption, however, showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Escalator Production in GCC

In value terms, escalator production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 83% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Escalator Exports

Exports in GCC

In 2022, approx. X units of escalators and moving WalkWays were exported in GCC; waning by -75.2% against 2021 figures. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 3,529%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, escalator exports contracted notably to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 745%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Kuwait (X units) prevails in exports structure, together comprising 95% of total exports. It was distantly followed by Bahrain (X units), creating a 5.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +32.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest escalator supplier in GCC, comprising 73% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 26% share of total exports.

In the United Arab Emirates, escalator exports expanded at an average annual rate of +29.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+4.8% per year) and Bahrain (-22.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, surging by 166% against the previous year. In general, the export price posted a temperate increase. The most prominent rate of growth was recorded in 2019 an increase of 610% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.0%), while the other leaders experienced a decline in the export price figures.

Escalator Imports

Imports in GCC

Escalator imports reduced to X units in 2022, shrinking by -6.2% compared with the previous year. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 78% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, escalator imports shrank to $X in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 122% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Kuwait (X units) dominates imports structure, together making up 85% of total imports. Oman (X units) held the next position in the ranking, followed by Qatar (X units). All these countries together took approx. 14% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest escalator importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), together comprising 54% of total imports.

Among the main importing countries, Kuwait, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, waning by -7.8% against the previous year. Overall, the import price, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 75%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+24.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform