- The key vendors in the elevators and escalators market in Mexico 2015-2019 are KONE, Otis, Schindler, ThyssenKrupp, and Mitsubishi
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the elevators and escalators market in Mexico 2015-2019. Increase in construction of high-rise buildings is one of the key trends upcoming in the market. Most of the high-rise construction in the country is confined to Mexico City, but Monterrey and Puebla are also experiencing a rise in construction of high-rise buildings. The elevators and escalators market in Mexico is expected to grow at a CAGR of 0.51% during the forecast period of 2014-2019.
Source: Technavio Research
“The Mexican government has been focusing on the development of public infrastructure in the country to cater to the needs of the growing urban population. This includes demand for advanced public infrastructure and transportation services,” says Faisal Ghaus, Vice President of Technavio Research.
“One of the major infrastructure projects that will be under construction during the forecast period is the new airport project in Mexico City.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Elevators and Escalators Market in Mexico 2015-2019, please send an e-mail to media@TechNavio.com
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