Elevators and Escalators Industry in Colombia is Rapidly Growing and is Expected to Reach Close to USD 6 Billion by 2018

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. 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.

Technavio 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.

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Key questions answered in the report include

What will the market size and the growth rate be in 2019?

                What are the key factors driving the elevators and escalators market in Colombia?

                What are the key market trends impacting the growth of the elevators and escalators market in Colombia?

                What are the challenges to market growth?

                Who are the key vendors in the elevators and escalators market in Colombia?

                What are the market opportunities and threats faced by the vendors in the elevators and escalators market in Colombia?

                What are the key outcomes of the five forces analysis of the elevators and escalators market in Colombia?

Technavio also offers customization on reports based on specific client requirement.

Table Of Content

PART 01:  Executive summary

 Highlights

PART 02:  Scope of  the report

 Market overview

 Top-vendor offerings

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PART 03: Market research methodology

 Research methodology

 Economic indicators

PART 04: Introduction

 Key market highlights

PART 05: Industry overview

 Elevators and escalators overview

 Life cycle of elevators and escalators

 Supply chain for elevators and escalators

 Elevator and escalator market investment opportunites in Colombia

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