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 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 26.2% of industry activity, which is roughly in line with the region's share of the national population (25.4%)... purchase to read more