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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

The Elevator Installation & Service market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
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 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

 


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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