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 Key Buyers Chapter
The industry has a low level of market share concentration, with the four largest players accounting for 27.0% 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 and Service industry employ fewer than ten persons. In fact, about half of all industry participants employ fewer than five persons (45.6%).
Geographically, there is a higher concentration of contractors in regions with a higher density of urban settlement (residential apartments)... purchase to read more