Saudi Arabia: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Saudi Arabia

The Saudi market for lifts, elevators, moving stairways and draglines reduced to $X in 2022, which is down by -7.9% against the previous year. Overall, consumption, however, posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Lifts, Elevators, Moving Stairways and Draglines in Saudi Arabia

In value terms, lift, elevator, stairway and dragline production fell to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 103%. Lift, elevator, stairway and dragline production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Saudi Arabia

Lift, elevator, stairway and dragline exports from Saudi Arabia soared to X units in 2022, jumping by 227% compared with 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 849%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline exports soared to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 284%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units) was the main destination for lift, elevator, stairway and dragline exports from Saudi Arabia, with a 97% share of total exports. It was followed by the United Arab Emirates (X units), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at +71.9%.

In value terms, Egypt ($X) remains the key foreign market for lifts, elevators, moving stairways and draglines exports from Saudi Arabia, comprising 97% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Egypt stood at +85.5%.

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, waning by -59.2% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 1,136% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell sharply in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Egypt stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2,491.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Saudi Arabia

In 2022, purchases abroad of lifts, elevators, moving stairways and draglines decreased by -21.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline imports expanded to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 11%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lift, elevator, stairway and dragline to Saudi Arabia, accounting for a 23% share of total imports. Moreover, lift, elevator, stairway and dragline imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Japan (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +71.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and Japan (0.0% per year).

In value terms, China ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Saudi Arabia, comprising 43% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.8% per year) and Italy (-1.5% per year).

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, with an increase of 30% against the previous year. Overall, the import price, however, showed a pronounced decrease. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+149.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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