Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research analyst has estimated eminent factors such as the recent increase in construction activities and the rapid rise in population to boost the demand for housing and infrastructural development in the country during the forecast period. This increase in construction activities is expected to augment growth in this market during the forecast period and results in its modest CAGR of nearly 5% by 2019.
Growth of the maintenance and modernization business is the key driver for the growth of this market. Uncontrolled movement of the elevator car, faster wear and tear of cables, improper functioning of elevator doors, and faults in electrical circuits of control systems are some of the critical problems faced by the elevator users in Argentina. Such problems augment the demand for maintenance and modernization services, which in turn is expected to incite market growth during the forecast period.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.