Colombia Report on Elevators and Escalators [2015-2019]

Jan 02 2016 Mumbai, India: Bharatbook.com announces a report on “ Colombia Report on Elevators and Escalators [2015-2019] ”. Market research analysts estimate eminent factors, such as the rise in tourism, to drive market growth during the forecast period.

Market outlook of the elevators and escalators market in Colombia

The market for elevators and escalators in Colombia is expected to show moderate growth during the forecast period and is positively influenced by the increased construction spending in the country. https://www.bharatbook.com/industrial-goods-machinery-market-research-reports-741243/elevators-escalators-colombia.html The increased spending on construction activities is expected to boost the number of residential and commercial projects across the country, which results in its slow but moderate CAGR of nearly 5% by 2019.

Market research analysts estimate eminent factors, such as the rise in tourism, to drive market growth during the forecast period. The tourism industry in Colombia is rapidly growing and is expected to reach close to USD 6 billion by 2018. Consequently, the government is focusing on the development of infrastructure and hospitality services in order to provide tourists with comfortable services.

Segmentation by product and analysis of: elevators & escalators

In this market research report, analysts envisage the elevator segment to exhibit the highest market growth rate during the forecast period. In terms of unit installation, the elevators segment is expected to reach close to 2,150 units by 2019 and factors like the construction of buildings for commercial or residential purpose are expected to encourage growth in this segment during the forecast period.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -

Elevators

Escalators

Competitive landscape and key vendors: KONE, Mitsubishi Electric, Schindler, and ThyssenKrupp

This market is dominated by...