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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

IBISWorld’s Elevator Installation & Service market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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 26.1% of industry activity, which is roughly in line with the region's share of the national population (25.4%)... 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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