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