Albany, NY -- (SBWIRE) -- 02/22/2017 -- Elevators and escalators are positioned in buildings for the efficient movement of people and goods within these buildings premises. Elevators and escalators are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in public places to improve vehicle parking management.

The elevator and escalator market in Argentina to grow at a CAGR of 4.94%, in terms of newly installed units, over the period 2014-2019. In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in Argentina for 2015-2019. To calculate the market size, the report considers the number of new elevator and escalator units installed in the country. The report also presents the vendor landscape and a corresponding detailed analysis of the four 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 Argentina, outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

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Key customer segments
- Commercial Customers
- Non-commercial Customers

Key vendors
- Mitsubishi Electric
- Otis
- Schindler Elevators
- ThyssenKrupp Elevators

Other prominent vendors
- Ascensores Condor
- Ascensores Servas
- Ascensores Simonelli
- Idemver Argentina
- Sigma Elevator

Market driver
- Rise of tourism industry
- For a full, detailed list, view our report

Market challenge
- High cost of manufacturing and installation
- For a full, detailed list, view our report

Market trend
- Emergence of energy-efficient elevators and escalators
- For a full, detailed list, view our report

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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

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