Industry Analysis & Industry Trends
The bulk of industry revenue stems from investment into a range of new building markets, particularly including manufacturing and industrial buildings, offices, institutional buildings, and non-building structures (e.g. power plants, refineries, furnaces and chemical complexes). Demand for industry services in the non-residential building market is principally determined by long-term trends in employment and industrial structure. Furthermore, short-term fluctuations in interest rates, rental yield and industrial output also influence demand.... purchase to read more
Industry Report - Industry Analysis Chapter
The Elevator Manufacturing industry has been characterized by sharp ups and downs over the past five years. The bursting of the US housing bubble in the late 2000s followed by a collapse in US manufacturing activity and the global recession severely hurt demand for elevators used in worldwide construction and industrial markets. In 2009 alone, revenue plunged 17.7%. Although manufacturing activity has rebounded substantially since the economic recovery began, construction investment into commercial and residential properties has remained largely subdued. On the positive side, the industry pulled itself out of its recession-induced slump in 2011 as elevator manufacturers focused on supplying products to growing export markets. As... purchase to read more