Market Research Logo

Elevator and Escalator Market in Mexico 2015-2019 

Elevator and Escalator Market in Mexico 2015-2019 

About elevators and escalators

Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in commercial, residential, and mixed-used buildings. They are also installed in public places to improve vehicle parking management.

Technavio's analysts forecast the elevator and escalator market in Mexico to grow at a CAGR of 0.51%, in terms of new 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 Mexico for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the 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 Mexico. It also outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

Technavio's report, Elevator and Escalator Market in Mexico 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.Key customer segments

  • Commercial Customers
  • Non-commercial Customers
Key vendors
  • Elevadores Otis Mexico
  • KONE Mexico
  • Mitsubishi Mexico
  • Schindler Mexico
  • ThyssenKrupp Elevadores Mexico
Other prominent vendors
  • Abell Elevators
  • IronHawk Elevators
  • Sematic Group
Market driver
  • Increase in construction of high-rise buildings
  • For a full, detailed list, view our report
Market challenge
  • Capacity expansion and safety in elevators and escalators
  • For a full, detailed list, view our report
Market trend
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Elevator and Escalator Market in Mexico 2015-2019

Technavio recognizes the following companies as the key players in the Elevator and Escalator Market in Mexico: Elevadores Otis Mexico, KONE Mexico, Mitsubishi Mexico, Schindler Mexico, and ThyssenKrupp Elevadores Mexico.

Other Prominent Vendors in the market are: Abell Elevators, IronHawk Elevators, and Sematic Group

Commenting on the report, an analyst from Technavio’s team said: “There is an increasing preference among companies in Mexico for MRL and multipurpose elevators. The construction industry is focusing on the construction of mixed-use or multipurpose buildings that house commercial, residential, and office spaces in a single building.”

According to the report, in 2014, the construction industry in Mexico witnessed a significant increase in the construction of high-rise buildings, especially residential developments.

Further, the report states that fluctuations in steel prices is a key market challenge that is likely to impact manufacturing costs of elevator and escalator equipment during the forecast period.

Companies Mentioned

Elevadores Otis Mexico, KONE Mexico, Mitsubishi Mexico, Schindler Mexico, ThyssenKrupp Elevadores Mexico, Abell Elevators, IronHawk Elevators, Sematic Group

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Country overview
    • Economic overview
    • Rate of urbanization in Mexico
      • Table Mexico: Rate of urbanization
    • Construction market in Mexico
  • Industry overview
    • Elevator and escalator overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain of elevators and escalators in Mexico
      • Table Elevators and escalators market in Mexico: Supply chain
    • Key investment opportunities in the elevators and escalators market in Mexico
      • Table Elevators and escalators market in Mexico: Key investment opportunities
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Elevators and escalators market in Mexico 2014-2019 (units)
      • Table Elevators and escalators market in Mexico: Product segmentation by new installation in 2014
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Table High-rise construction projects under construction 2014
    • Table Existing high-rise buildings in Mexico 2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors in the elevators and escalators market in Mexico
  • Key vendor analysis
    • Elevadores Otis México
    • KONE Mexico
    • Mitsubishi Mexico
    • Schindler Mexico
    • Thyssenkrupp Elevadores Mexico
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report