MRO Magazine

Research and Markets: Argentina Elevator and Escalator Market Report 2015-2019 – Key Players are Mitsubishi Electric, Otis, Schindler Elevators & ThyssenKrupp Elevators

December 7, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Elevator and Escalator Market in Argentina 2015-2019” report to their offering.

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.

This report 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.

Argentina has been seeing an increased preference for MRL and multipurpose elevators. With the rising urban and tourist population in the country, construction companies are aiming to expand the capacity of existing equipment to cater to the needs of the growing passenger traffic. Capacity expansion of elevators is a major concern of OEMs in Argentina, as construction companies need elevators that can accommodate more people without making structural changes to buildings.

According to the report, the elevator and escalator market in Argentina will be driven by factors such as the growth of the tourism industry. The international tourist population visiting the country is increasing, which will lead to the construction of new hotels and entertainment centers, fueling the growth of the market in the country.

Further, the report states that high manufacturing and installation costs may curtail market growth. The fluctuations in raw material prices also pose a threat to the market, as they lead to reduced profit margins for original equipment manufacturers (OEMs).

Key vendors

  • Mitsubishi Electric
  • Otis
  • Schindler Elevators
  • ThyssenKrupp Elevators

Other prominent vendors

  • Ascensores Condor
  • Ascensores Servas
  • Ascensores Simonelli
  • Idemver Argentina
  • Sigma Elevator

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market industry overview

Part 06: Market landscape

Part 07: Market segmentation by product

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Elevators and Escalators