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Elevator Installation & Service in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Elevator Installation & Service Market Research Report | NAICS 23829 | Sep 2013

Top to bottom: The slump in construction activity has hindered demand, but revenue is expected to improve

IBISWorld’s Elevator Installation & Service market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 08-13
0.8%
Annual Growth 13-18
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Profit
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Employment
151,438
Businesses
24,365
Industry Analysis & Industry Trends

Over the five years to 2012, the industry shrunk alongside investment in the commercial building markets, brought on by the recession. The decline in demand for industry services intensified internal competition and put pressure on profit margins. Demand is forecast to improve in the next five years, however, as the economy continues its gradual recovery and the non-residential building market picks up, fueling the need for installation and maintenance of automation systems and industrial machinery... purchase to read more

Industry Report - Industry Investment Chapter

The Elevator Installation & Service industry is service oriented and relies on the skills and knowledge of individual contractors rather than the capabilities of heavy equipment. IBISWorld estimates that industry operators spend about $0.09 on capital for every dollar spent on labor. As such, wages comprise one of the largest cost segment for the industry at 32.5%, and depreciation accounts for a very small portion of revenue (3.0%). Start-up expenses are largely limited to materials purchases and rudimentary tools, such as basic lifting equipment and power tools. Enterprises that service the placement of precision equipment for industrial markets may purchase and depreciate more specialized equipment, such as ultrasonic measuring tools heavy positioning equipment. .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Elevator Installation & Service Industry?

This industry comprises establishments primarily engaged in one or more of the following activities: the installation or dismantling of building or industrial equipment (except plumbing, air conditioning or electrical equipment); machine rigging; and millwriting. Types of equipment installed include automated and revolving doors, conveyor systems, dumbwaiters, dust-collecting equipment, elevators, small incinerators, pneumatic tubes systems and built-in vacuum-cleaning systems.

Industry Products
Elevator installation, maintenance and repair servicesEscalator installation, maintenance and repair servicesMillwright contracting and machine rigging servicesOther installation, maintenance and repair services
 
Industry Activities
Elevator installation and maintenanceEscalator installation and maintenanceMoving walkway installationMillwritingConveyor-system installationMachine riggingAutomated and revolving-door installationIncinerator installation (small scale)Dumbwaiter installationBuilt-in vacuum-cleaning system installation


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