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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 2014

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

The Elevator Installation & Service market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 09-14
3.0%
Annual Growth 14-19
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Profit
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Employment
96,322
Businesses
15,562
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 SWOT Analysis Chapter

The industry is in the mature stage of its life cycle, with long-term growth unlikely to exceed the pace of general US economic expansion. In the 10 years to 2019, the industry's contribution to the overall economy, as measured by industry value-added (IVA) is expected to grow at an average annual rate of 0.9%, compared with GDP growth of 2.5% over the same period. Rebounding demand for industry services, however, is projected to spur IVA growth an annualized 1.7% during the next five years. This industry may also witness further consolidation by equipment manufacturers trying to gain a stronger foothold within the repair and maintenance services segment. This could limit the growth in demand for independent contractors... 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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