Industry Analysis & Industry Trends
The performance of the Elevator Installation and Service industry is heavily dependent on investment in nonresidential construction and new capital equipment. Since economic activity began picking up following the recession, industry operators have experienced steadily increasing demand for elevator installation projects, a rebound from the sharp contractions that occurred between 2009 and 2010. Repair and maintenance services provided a cushion to industry operators during these years, but are expected to decline as a share of revenue as new installations increase. Industry revenue is anticipated to grow alongside downstream demand in key construction markets over the next five years... purchase to read more
Industry Report - Industry Locations Chapter
The fragmented and localized nature of operations in the Elevator Installation and Service industry results in a geographic distribution that closely corresponds with the distribution of population and economic activity. Small-scale establishments target a narrow, regional market, while larger-scale contractors (e.g. OTIS elevators and ThyssenKrupp) often undertake installation and maintenance contracts throughout the country.
The Southeast region accounts for about 26.1% of industry activity, which is roughly in line with the region's share of the national population (25.4%)... purchase to read more