Elevators and Escalators Market in Brazil 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 elevator and escalator market in Brazil to grow at a CAGR of 9.15% in terms of newly installed units over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the elevator and escalator market in Brazil for the period 2015-2019. To calculate the market size, the report considers revenue generated from newly installed units of elevators and escalators in Brazil. The report also considered the number of newly installed elevators and escalators in Brazil. In addition, the report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description about other prominent vendors operating in the market. Further, 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, as well as the key trends emerging in the market.Key customer segments
Technavio Announces the Publication of its Research Report – Elevators and Escalators Market in Brazil 2015-2019
Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in Brazil: Elevadores Atlas Schindler, Elevadores Otis, Melco Elevadores do Brasil and ThyssenKrupp Elevadores
The other prominent vendors are: Hitachi, Kleemann and KONE
Commenting on the report, an analyst from Technavio’s team said: “Companies are focusing on designing user-friendly and energy-efficient elevators and escalators. The 460-foot Eldorado Business Tower contains 31 elevators and escalators that were manufactured and installed by ThyssenKrupp. The elevators installed by the company are well-lit and well-ventilated. Further, the tower houses the fastest elevator that has been installed in Brazil, with a speed of 19 fps.”
According to the report, the government of Brazil plans to spend more than $500 billion on infrastructural development in the energy, railways, roadways, airways, and waterways sectors during 2014-2019. The government of Rio de Janeiro, host state for the 2016 Summer Olympics, is expecting investments to reach $50 billion by 2016. Public-private partnerships are helping Brazil raise funds for the construction of required infrastructure. It launched PAC to combine management initiatives and public works. It focuses on investment in the transportation and energy sectors, and on social and urban services.
Further, the report states that owing to rapid advances in technology, elevators and escalators are being equipped with the latest technology, such as CCTV cameras, vibration sensors, and emergency exit systems, which is adding to the overall manufacturing cost.
Elevadores Atlas Schindler, Elevadores Otis, Melco Elevadores do Brasil, ThyssenKrupp Elevadores, Hitachi, Kleemann, KONE