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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

The Elevator Installation and Service industry encountered difficulties during the recession, as key downstream construction markets tumbled and overall economic activity deteriorated. From 2008 through 2009, industry revenue declined due to the collapse of the housing market and industrial activity. The sharp drop in housing caused the construction of multifamily apartments to drop, resulting in demand for industry services to plummet. This was followed by a similar slide in commercial construction, causing demand for elevator installation and services to fall in kind. While industry revenue was affected by these contractions, it rebounded strongly starting in 2011 due to recovery in commercial construction, housing starts and industrial activity... 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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