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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 | Sep 2013

Top to bottom: The slump in construction activity has hindered demand, but revenue is expected to improve

IBISWorld’s Elevator Installation & Service market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 08-13
0.8%
Annual Growth 13-18
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Profit
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Employment
151,438
Businesses
24,365
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 SWOT Analysis Chapter

The industry is in a 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 2018, the industry's contribution to the overall economy (industry value added) is expected to grow at an average annual rate of 0.7%, compared with GDP growth of 2.1% over the same period. Rebounding demand in the construction market and for industry services during the five years to 2018, though, is projected to help IVA grow at an annualized 1.0% during the specific sub-period. 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 millwriting. Types of equipment installed include automated and revolving doors, conveyor systems, dumbwaiters, dust-collecting equipment, elevators, small incinerators, pneumatic tubes 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 installationMillwritingConveyor-system installationMachine riggingAutomated and revolving-door installationIncinerator installation (small scale)Dumbwaiter installationBuilt-in vacuum-cleaning system installation


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