Research and Markets: Spain Elevator and Escalator Market Report 2015-2019 with KONE, Otis, Schindler & ThyssenKrupp Dominating

November 24, 2015 | By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/sqmr8h/elevator_and) has announced the addition of the “Elevator and Escalator Market in Spain 2015-2019” report to their offering.

The elevators and escalators market in Spain to grow at a CAGR of 3.2% in terms of revenue and 3.83% in terms of newly installed units over the period 2014-2019.

This report includes the present scenario and growth prospects of the elevators and escalators market in Spain for the period 2015-2019. To calculate the market size, we consider the number of newly installed units and the revenue generated from the installation of these units in the country during the forecast period.

The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description of the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, and highlights the key trends visible in the market.

The government of Spain is making efforts to improve the condition of the overall construction market. It has launched the Plan de Infraestructuras, Transporte y Vivienda in 2012, which aims at improving the transportation and housing infrastructure. According to the plan, the government wants to implement and construct nearly 1,000 miles of railway networks during 2012-2024. In the housing sector, this plan is helping Barcelona recover from the economic crisis. In 2014, it was the only city in Spain to gain marginal profits.

According to the report, the construction market in Spain stagnated after the global crisis of 2008. Since then, the Spanish government has been making efforts to rebuild the confidence in the market. It is making developments at the micro-level, which the government believes can help the country in generating revenues.

Further, the report states that the high cost of installing elevators and escalators is a major challenge facing the market.

Key vendors