GCC Elevators Market Outlook

the demand for elevators in the gcc (gulf cooperation council) region is expected to increase in the near future due to a number of factors. this increased demand is likely to be driven by a number of factors such as the introduction of new regulations, an increase in tourist arrivals and the emergence of urban mega-projects. in light of these trends, it is expected that elevators in the gcc will become an essential component of public safety, energy savings, mobility and comfort in the region. as the safety and security of building occupants is a top priority in the gcc, elevators in the region are increasingly expected to be equipped with advanced safety features, such as emergency rescue systems and access control systems. similarly, the incorporation of energy-saving technologies such as led lighting, regenerative drives and the use of efficient motors are likely to positively impact the demand for elevators in the region. furthermore, the growth of tourism in the region, particularly in the emirates of bahrain, kuwait, oman, qatar and saudi arabia is likely to drive up the demand for elevators over the next 12 years. the growth of tourism is expected to be driven by the increasing number of direct and international flights in the region, as well as the introduction of tourist attractions such as theme parks, resorts and shopping malls. furthermore, the emergence of urban mega-projects in the region, such as the saudi vision 2030 and the dubai world expo 2020, are likely to boost the demand for elevators further. it is also expected that advances in elevator technology will result in increased demand for elevators in the region. for instance, the emergence of interactive elevators, which allow users to access features such as building layouts and advice on local attractions, are likely to drive up the demand for elevators. similarly, intelligent systems and connected services are also likely to be incorporated into elevators in the region, with the most competitive and cost effective systems being adopted. overall, the outlook for the gcc elevator market is positive, with growth expected over the next 12 years. although market size and growth rates cannot be definitive, it is clear that the demand for elevators in the region is likely to increase as new regulations, increased tourist arrivals and the emergence of urban mega-projects drive up the demand. moreover, advances in elevator technology are likely to spur more innovation in the technology, with further increases in demand likely.