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 Analysis Chapter
The Elevator Installation and Service industry recorded solid cyclical growth with robust expansion in the non-residential building markets through the mid-to-late 2000s, but its performance has been severely constrained over the past five-year period by the recession-induced collapse of investment into commercial and industrial property markets and manufacturing productive capacity. Over the five years to 2012, industry revenue is projected to decline at an average annual rate of 3.2%. Along with the recovery in most downstream markets through 2012, IBISWorld projects industry revenue will grow 3.0% over the year to total $15.1 billion... purchase to read more