MRO Magazine

Research and Markets: Elevator and Escalator Market in Mexico 2015-2019 with Elevadores Otis, KONE, Mitsubishi, Schindler & ThyssenKrupp Elevadores Dominating

October 30, 2015
By Business Wire News


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

The report forecasts the elevator and escalator market in Mexico to grow at a CAGR of 0.51%, in terms of new installed units, over the period 2014-2019.

This report includes the present scenario and growth prospects of the elevator and escalator market in Mexico for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the 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 Mexico. It also outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

There is an increasing preference among companies in Mexico for MRL and multipurpose elevators. The construction industry is focusing on the construction of mixed-use or multipurpose buildings that house commercial, residential, and office spaces in a single building.

According to the report, in 2014, the construction industry in Mexico witnessed a significant increase in the construction of high-rise buildings, especially residential developments.

Further, the report states that fluctuations in steel prices is a key market challenge that is likely to impact manufacturing costs of elevator and escalator equipment during the forecast period.

Key customer segments:

  • Commercial Customers
  • Non-commercial Customers

Key vendors:

  • Elevadores Otis Mexico
  • KONE Mexico
  • Mitsubishi Mexico
  • Schindler Mexico
  • ThyssenKrupp Elevadores Mexico

Other prominent vendors:

  • Abell Elevators
  • IronHawk Elevators
  • Sematic Group

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Country overview

Part 06: Industry overview

Part 07: Market landscape

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