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 Key Buyers Chapter
The industry has a low level of market share concentration, with the four largest players accounting for less than 15.0% of annual industry revenue. The industry contains many small-scale contractors who operate in either geographic or specialized markets. The fragmented structure of this industry is evident in the annual survey of County Business Patterns published by the US Census Bureau. Two-thirds of operators in the Elevator Installation & Service industry employ fewer than ten persons. In fact, almost half of all industry participants employ fewer than five persons (about 47.0%).
Geographically, there is a higher concentration of contractors in regions with a higher density of urban settlement (residential apartments)... purchase to read more