Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

UAE Elevator and Escalator Market Size, Share, Growth, and Forecast 2026-2031 | Infrastructure and Smart Buildings Drive Demand to 5,467 Units by 2031

globenewswire.com
OTIS Otis secured a significant order for 29 vertical-transportation units for a Dubai project, indicating strong demand and successful contract acquisition in the growing UAE market.

UAE Elevator and Escalator Market Size, Share, Growth, and Forecast 2026-2031 | Infrastructure and Smart Buildings Drive Demand to 5,467 Units by 2031 Dublin, Sept. 29, 2026 (GLOBE NEWSWIRE) -- "UAE Elevator and Escalator Market Size & Forecast Report 2026-2031" has been added to ResearchAndMarkets.com's offering.

The UAE elevator and escalator market was valued at 4,550 units in 2025 and is projected to reach 5,467 units by 2031, expanding at a CAGR of 3.11%. Market growth is being supported by public infrastructure investment, residential and commercial construction, tourism development, smart building adoption, and the expansion of public transportation networks.

Infrastructure Investment Accelerates Market Demand

Government spending remains a primary growth driver for the UAE elevator and escalator market. The UAE's 2026 Federal Budget reached a record AED 92.4 billion ($25.2 billion), representing a 29.2% increase from 2025. Approximately 48% was allocated to infrastructure and construction projects, including roads, bridges, renewable energy facilities, public transportation systems, and government buildings.

Dubai also approved an AED 302.7 billion ($82.4 billion) budget plan for 2026-2028, with infrastructure expenditure increasing by 20% in 2026. The AED 20.5 billion Dubai Metro Blue Line, which includes approximately 30 km of track and 14 stations, is expected to create significant procurement opportunities for escalators, elevators, and moving walkways. Abu Dhabi's AED 55 billion public-private partnership infrastructure pipeline will further support installations across transport, utilities, and social infrastructure.

Real Estate and Hospitality Construction Support New Installations

Residential, commercial, and mixed-use construction is generating sustained demand for vertical transportation systems. Dubai delivered approximately 10,800 residential units in 2025, with another 6,000 units planned for 2026. Total housing inventory is expected to reach 313,700 units by 2028. Government-backed initiatives, including Dubai's $1.5 billion programme to develop 3,004 homes, are also supporting elevator installations.

In Abu Dhabi, more than 75 million square metres of development and nearly 190,000 residential units were approved in 2025, with 15,900 additional units expected in 2026. High-profile developments such as Burj Binghatti Jacob & Co Residences and Sobha City are increasing demand for high-speed, technologically advanced elevator systems.

Tourism growth is strengthening demand across hotels, resorts, airports, cultural destinations, retail centres, and entertainment developments. Hotel revenues exceeded AED 9.8 billion ($2.67 billion) in early 2026, while occupancy reached approximately 85%. Abu Dhabi welcomed 26.6 million visitors in 2025 and is targeting 39.3 million annual visitors by 2030. Projects including the Four Seasons Hotel Abu Dhabi, Rosewood Abu Dhabi, Guggenheim Abu Dhabi, and Zayed National Museum are expected to contribute to long-term market expansion.

Smart and Sustainable Elevators Create New Opportunities

Smart building technologies and green construction mandates represent major opportunities for elevator manufacturers and service providers. Investment exceeding $54 billion in AI-driven smart city projects is encouraging the adoption of IoT connectivity, AI-powered destination control, predictive maintenance, regenerative drives, LED lighting, and standby power-saving modes.

Estidama, Dubai Green Building Regulations, and the growing adoption of LEED certification are supporting demand for energy-efficient equipment in new developments and modernization projects. These trends are expected to create recurring revenue opportunities through installation, maintenance, digital monitoring, and equipment upgrades.

Market Segmentation Highlights

Major elevator categories include hydraulic and pneumatic systems, machine room traction systems, machine room less traction systems, climbing elevators, and industrial elevators. Key end-user markets include commercial, residential, industrial, public transit, institutional, and infrastructure developments. Escalator product categories include parallel, multi parallel, walkway, and crisscross configurations.

Industry Challenges

Rising prices for steel, aluminum, copper, glass, electrical equipment, fuel, and construction materials are increasing manufacturing, installation, and logistics costs. Geopolitical tensions, freight disruption, regional shipping constraints, and strong construction demand are placing additional pressure on procurement budgets and project profitability.

Regulatory compliance also affects project costs and schedules. Elevator and escalator installations must satisfy federal regulations, emirate-specific approval procedures, and international standards, including EN 81, ISO, EU, and ASME requirements. Dubai projects may require approvals from Dubai Municipality, DEWA, the Roads and Transport Authority, and Civil Defence, while Abu Dhabi developments must address Estidama requirements. Dubai Law No. 7 of 2025 has introduced additional contractor registration and classification obligations that may create entry barriers for smaller companies.

Competitive Landscape

Leading participants in the UAE elevator and escalator market include Otis, KONE, Schindler, Mitsubishi Electric, Hyundai Elevator, Hitachi, and Fujitec. Other prominent vendors include Sigma Elevators, Toshiba Elevator and Building Systems Corporation, Orona, KLEEMANN, Canny Elevator Co., Ltd., Hitachi Yungtay Elevator Co., Ltd., IFE Elevators Co., Ltd., Morris Elevators, Atlas Elevators Factory LLC, Gulf Elevators Co. LLC, ALFA Elevator Contracting LLC, Al Sharif Elevators L.L.C., Gitech Lifts & Escalators Co., SJEC Corporation, and Nibav Lifts.

Recent contract activity demonstrates strong supplier demand. Otis secured an order in November 2025 to provide 29 vertical-transportation units for Sobha Seahaven in Dubai. In September 2025, KONE received an order for 46 elevators for the 250-m-tall Binghatti Skyrise development in Business Bay. KONE also secured major orders connected with Azizi Venice, several Sobha Realty projects, and Burj Binghatti Jacob & Co Residences.

Key Market Takeaways

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/j0czsw

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.