Market Research Logo

Elevator and Escalator Market in Spain 2015-2019

Elevator and Escalator Market in Spain 2015-2019

About elevators and escalators

Elevators and escalators help move people and goods easily and efficiently within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to help in optimum utilization of space.

Technavio's analysts forecast the elevators and escalators market in Spain to grow at a CAGR of 3.2% in terms of revenue and 3.83% 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 elevators and escalators market in Spain for the period 2015-2019. To calculate the market size, we consider the number of newly installed units and the revenue generated from the installation of these units in the country during the forecast period.

The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description of the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, and highlights the key trends visible in the market.

Key vendors

  • KONE
  • Otis
  • Schindler
  • ThyssenKrupp
Other prominent vendors
  • Carlos Silva
  • GMV Euro lifts
  • Hidral
  • Mac Puarsa
  • Omega Elevators
  • Orona Group
  • Wittur Group
Market driver
  • Replacement and modernization of existing elevators and escalators
  • For a full, detailed list, view our report
Market challenge
  • Stagnation in transportation sector
  • For a full, detailed list, view our report
Market trend
  • Government initiatives promoting construction market
  • 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 – Elevators and Escalators Market in Spain 2015-2019

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in Spain: KONE Spain, Otis Spain, Schindler S.A (Spain) and Thyssenkrupp Spain

Other Prominent Vendors in the market are: Carlos Silva, GMV Euro lifts, Hidral, Mac Puarsa, Omega Elevators, Orona Group, and Wittur Group.

Commenting on the report, an analyst from Technavio’s team said: “The government of Spain is making efforts to improve the condition of the overall construction market. It has launched the Plan de Infraestructuras, Transporte y Vivienda in 2012, which aims at improving the transportation and housing infrastructure. According to the plan, the government wants to implement and construct nearly 1,000 miles of railway networks during 2012-2024. In the housing sector, this plan is helping Barcelona recover from the economic crisis. In 2014, it was the only city in Spain to gain marginal profits.”

According to the report, the construction market in Spain stagnated after the global crisis of 2008. Since then, the Spanish government has been making efforts to rebuild the confidence in the market. It is making developments at the micro-level, which the government believes can help the country in generating revenues.

Further, the report states that the high cost of installing elevators and escalators is a major challenge facing the market.

Companies Mentioned

KONE Spain, Otis Spain, Schindler S.A (Spain), Thyssenkrupp Spain, Carlos Silva, GMV Euro lifts, Hidral, Mac Puarsa, Omega Elevators, Orona Group, Wittur Group.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Report overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Elevators and escalators overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain for elevators and escalators
    • Key investment opportunities for elevators and escalators market in Spain
    • Construction market in Spain
    • Financial crisis in Spain 2008-2015
      • Table Top 10 European countries based on home ownership 2013
      • Table Housing prices in Spain 2001-2013
  • Market landscape
    • Elevators and escalators market in Spain 2015-2019
      • Table Elevators and escalators market share in Spain 2015-2019
      • Table Elevators and escalators market size and forecast in Spain by units 2015-2019
      • Table Elevators and escalators market size and forecast in Spain by revenue 2015-2019 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Elevators and escalators market in Spain
    • Elevators market in Spain
      • Table Elevators market size and forecast in Spain by new installed units 2015-2019
      • Table Elevators market size and forecast in Spain by revenue 2015-2019 ($ millions)
    • Escalators market in Spain
      • Table Shopping center gross leasable area of top 9 European countries 2015-2016 (in terms of future pipeline)
      • Table Escalators market size and forecast in Spain by new installed units 2015-2019
      • Table Escalators market size and forecast in Spain by revenue 2015-2019 ($ millions)
  • Market drivers
    • Replacement and modernization of existing elevators and escalators
      • Table Total installed base of elevators and escalators in Spain 2013
    • Alteration in existing infrastructure
    • Financial recovery of Spain
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stagnant growth of transportation sector
    • Low private sector participation
    • High installation cost
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growth of energy-efficient elevators
    • Government initiatives to promote construction market recovery
    • Increase in electric elevator installation
      • Table Elevator segmentation in Spain by technology 2014
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • KONE Spain
    • Otis Spain
      • Table Business segmentation by revenue 2013 and 2014
    • Schindler (Spain)
    • ThyssenKrupp Spain
  • 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