Albany, NY -- (SBWire) -- 11/17/2015 --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.
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.
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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
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Market driver:
Replacement and modernization of existing elevators and escalators
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Market challenge:
Stagnation in transportation sector
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Market trend:
Government initiatives promoting construction market
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Key questions answered in the report include:-
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?
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Spain Elevator and Escalator Market Expected to Grow at a CAGR of 3.2% over the Period 2014-2019: ResearchMoz
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