Middle East & Africa Elevators Market Size & Outlook
The elevators market in Middle East & Africa is expected to reach a projected revenue of US$ 6,478.7 million by 2030. A compound annual growth rate of 5.1% is expected of Middle East & Africa elevators market from 2023 to 2030.
Revenue, 2022 (US$M)
$4,343.2
Forecast, 2030 (US$M)
$6,478.7
CAGR, 2023 - 2030
5.1%
Report Coverage
Middle East & Africa
Middle East & Africa elevators market, 2018-2030 (US$M)
MEA elevators market highlights
- The MEA elevators market generated a revenue of USD 4,343.2 million in 2022.
- The market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- In terms of segment, hydraulic was the largest revenue generating type in 2022.
- Hydraulic is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 4,343.2 million |
| Market revenue in 2030 | USD 6,478.7 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Hydraulic |
| Fastest growing segment | Hydraulic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydraulic |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.0% of the global elevators market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 51,245.2 million by 2030.
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Elevators Market Scope
Elevators market segmentation & scope
Business
New Equipment
Maintainance
Modernization
Application
Residential
Commercial
Industrial
Countries
Canada
Mexico
U.S.
France
Germany
Italy
Spain
UK
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Argentina
Brazil
Saudi Arabia
South Africa
UAE
Elevators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa elevators market
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Related regional statistics
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