DUBLIN--(BUSINESS WIRE)--The "Latin America Elevator and Escalator Market (2017-2023): Forecast By Segments, Services, Countries Covered, and Competitive Landscape" report has been added to Research and Markets' offering.
Latin America Elevator and Escalator market is projected to grow at a CAGR of 6.5% during 2017-2023.
Projected growth in the construction market, upcoming new hotels & shopping malls coupled with growing government spending on infrastructural development projects and increasing inflow of FDI in the construction and retail sectors propelled the market for elevators and escalators in Latin America. In Latin America Elevator and Escalator market, elevators accounted for majority of the market volume owing to high installation in residential, hospitality and commercial verticals. However, escalators are projected to grow at a higher CAGR during 2017-2023, primarily due to growing airports, metros and railway development projects in Latin America.
In last two years, the market registered slow growth due to falling government spending owing to decline in government revenues. The market is anticipated to register growth on the back of improving economic conditions in Brazil. Growing aging population, urbanization rate and increasing installation of elevators in the residential sector in Latin America region is posting growth in the overall market of Elevator and Escalator. Amongst all the elevator segments, mid-rise building elevators acquired highest revenue share of the market. Over the next six years, low-rise elevator segment is forecast to grow at higher CAGR during 2017-23.
In Latin America, Brazil held major market for Elevator and Escalator system in terms of revenues owing to increasing infrastructure development activities, especially in the commercial and residential verticals. During the forecast period, Argentina and Mexico expected to register higher growth in Latin America region.
Key Topics Covered:
1. Executive Summary
3. Global Elevator & Escalator Market Overview
4. Latin America Elevator & Escalator Market Overview
5. Latin America Elevator & Escalator Market Dynamics
6. Latin America Elevator & Escalator Market Trends
7. Brazil Elevator and Escalator Market Overview
8. Mexico Elevator and Escalator Market Overview
9. Argentina Elevator and Escalator Market Overview
10. Other Countries Elevator and Escalator Market Overview
11. Company Profiles
- Hitachi. Ltd
- KONE Corporation
- Otis Elevator Co
- Schindler Holding Ltd
- ThyssenKrupp AG
For more information about this report visit https://www.researchandmarkets.com/research/3gwggx/latin_america