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.
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.
KONE Spain, Otis Spain, Schindler S.A (Spain), Thyssenkrupp Spain, Carlos Silva, GMV Euro lifts, Hidral, Mac Puarsa, Omega Elevators, Orona Group, Wittur Group.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook