GCC Escalators Market Outlook

gcc escalators market outlook (2018 to 2032) the outlook for the gcc escalators market from 2018 to 2032 is promising, as the region experiences steady economic growth, along with increasing urbanization and the development of tourism and hospitality infrastructure. in addition, governments are investing heavily in public transportation, particularly in abu dhabi and dubai, driving the need for escalators and the subsequent market growth. demand for escalators in the gcc region stems largely from commercial and retail visitors, as well as public transportation. this market is expected to be driven by increased investment in new malls, transport facilities or airports, as well as the development of existing infrastructure. the region is undertaking various infrastructure projects, such as bader al mansoori's $1.7 billion metro dubai project, mohammed bin rashid smart city (mbrsc), and saudi arabia’s jeddah metro, which is also expected to significantly drive the growth of the gcc escalators market over the next decade. in terms of competitive landscape, the gcc escalators market is expected to be fairly competitive and fragmented, with several leading international escalator manufacturers operating in the region such as thyssenkrupp, schindler and otis. these players are expected to focus on product innovation and provide customized solutions tailored to specific customer needs, as well as focus on investing in digitalization of escalators. another key factor driving the market growth is the rising focus on passenger safety and comfort. in order to meet this need, escalator producers are developing escalators with advanced features, such as non-slip solid-surface steps, automatic pressure rollers, and side handrails. these features ensure passengers have a smooth and safe journey, and are likely to drive the market in the next decade. overall, the gcc escalators market is expected to experience strong growth over the next decade, with continuous investments in infrastructure and passenger safety initiatives anticipated. newescalator products, as well as digitalization of escalators, are expected to further drive the market growth.