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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 | Oct 2015

Going up: Recovering construction markets will spur rebound in industry revenue

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
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 10-15
3.4%
Annual Growth 15-20
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Profit
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Employment
96,098
Businesses
13,845
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 Analysis Chapter

The Elevator Installation and Service industry has rebounded from low recessionary levels, as key downstream construction markets and overall economic activity picked up. In 2011, industry revenue grew by 3.4% due to a recovery in the housing market and industrial activity. Construction of multifamily apartments increased by 53.4% in 2011, causing demand for industry services to widen. This was followed by a similar upward movement in commercial construction, causing demand for elevator installation and services to rise in kind. Another beneficial trend that occurred over the past five years was the rebound of private investment into manufacturing facilities which was encouraged by inexpensive land and rising wages in developing countries... 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 millwrighting. Types of equipment installed include automated and revolving doors, conveyor systems, dumbwaiters, dust-collecting equipment, elevators, small incinerators, pneumatic tube 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 installationMillwrightingConveyor-system installationMachine riggingAutomated and revolving-door installationIncinerator installation (small scale)Dumbwaiter installationBuilt-in vacuum-cleaning system installation


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