Elevators and escalators are positioned in buildings for the efficient movement of people and goods within these buildings premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in public places to improve vehicle parking management.
Technavio's analysts forecast the elevator and escalator market in Argentina to grow at a CAGR of 4.94%, in terms of newly installed units, over the period 2014-2019.
Covered in this report
In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in Argentina for 2015-2019. To calculate the market size, the report considers the number of new elevator and escalator units installed in the country. The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in Argentina, outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.
Other prominent vendors Ascensores Condor Ascensores Servas Ascensores Simonelli Idemver Argentina Sigma Elevator
Rise of tourism industry For a full, detailed list, view our report
High cost of manufacturing and installation For a full, detailed list, view our report
Emergence of energy-efficient elevators and escalators For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report Elevators and Escalators Market in Argentina 2015-2019
Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in Argentina: Mitsubishi Electric, Otis Elevator, Schindler and ThyssenKrupp
Other Prominent Vendors in the market are: Ascensores Condor, Ascensores Servas, Ascensores Simonelli, Idemver Argentina,and Sigma Elevator.
Commenting on the report, an analyst from Technavios team said: Argentina has been seeing an increased preference for MRL and multipurpose elevators. With the rising urban and tourist population in the country, construction companies are aiming to expand the capacity of existing equipment to cater to the needs of the growing passenger traffic. Capacity expansion of elevators is a major concern of OEMs in Argentina, as construction companies need elevators that can accommodate more people without making structural changes to buildings.
According to the report, the elevator and escalator market in Argentina will be driven by factors such as the growth of the tourism industry. The international tourist population visiting the country is increasing, which will lead to the construction of new hotels and entertainment centers, fueling the growth of the market in the country.
Further, the report states that high manufacturing and installation costs may curtail market growth. The fluctuations in raw material prices also pose a threat to the market, as they lead to reduced profit margins for original equipment manufacturers (OEMs).