Overview

Going up: Recovering construction markets will spur rebound in industry revenue

IBISWorld’s Elevator Installation & Service market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry revenue has grown alongside the recovery in key construction markets
  • The stabilization of downstream markets and growth in key construction markets raised industry revenue
  • As demand from construction markets rebounds, operators will gain customers

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    Companies in the Elevator Installation and Service industry generate a large portion of revenue from elevator installations in new multiunit residential and nonresidential structures, and from repair, maintenance and modernization work. As a result, the industry's performance is heavily dependent on investment in construction, new capital equipment and overall health of the economy. Over the past five years, the industry has grown as construction markets picked up early in the period. Repair and maintenance contracts provide an important cushion for many operators as all products require this service and it generally cannot be put off. Over the five years to 2022, the industry is expected to benefit from an increase in industrial activity, aided by a rebound in the manufacturing sector...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Starting a New Business Chapter

    There are few entry barriers for qualified prospective participants seeking to enter the Elevator Installation and Service industry. With 57.9% of all companies operating with less than 10 employees, according to the US Census Bureau, this industry is characterized by a low market concentration. However, the barriers to entry are considered to be medium due to short term factors favoring incumbent contractors. Specifically, new entrants without a proven track record will find it difficult to establish a viable foothold in this market over the short term as they lack a portfolio of experience.

    The key factors favoring ease of entry into the industry include: the low capital costs of establishing a start-up and the high attrition rate among existing contractors. Sta..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Elevator Installation & Service Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Elevator Installation & Service Industry are

  • Upstream vertical integration (ownership links)
  • Access to secure revenue
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Private investment in manufacturing structures and Corporate profit in the Elevator Installation & Service industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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 elevators, escalators and moving walkways; machine rigging; and millwrighting; and modernization and maintenance of products installed (which include: elevators, dumbwaiters, escalators, conveyor systems and automated revolving doors).

    Industry Products
    Elevator installations
    Elevator maintenance and repair services
    Escalator installation, maintenance and repair services
    Millwright contracting and machine rigging services
    Other installation, maintenance and repair services
    Industry Activities
    Elevator installation and maintenance
    Escalator installation and maintenance
    Moving walkway installation
    Millwrighting
    Conveyor-system installation
    Machine rigging
    Automated and revolving-door installation
    Dumbwaiter installation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private investment in manufacturing structures
  • Corporate profit
  • Value of private nonresidential construction
  • Consumer spending
  • Price of steel

  • Current Performance
  • Going up
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction expansion
  • Steady growth
  • Table: Elevator Installation & Service Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Elevator Installation & Service Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Forklift & Conveyor Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Real Estate and Rental and Leasing
  • Property Management
  • Public Administration
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Printing, Paper, Food, Textile & Other Machinery Manufacturing
  • Professional, Scientific and Technical Services
  • Semiconductor Machinery Manufacturing

  • Products & Services
  • Other installation, maintenance and repair services
  • Elevator installations
  • Elevator maintenance and repair services
  • Millwright contracting and machine rigging services
  • Escalator installation, maintenance and repair services
  • Chart: Elevator Installation & Service Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing and industrial buildings
  • Nonbuilding construction
  • Office buildings
  • Healthcare, public safety and educational buildings
  • Residential construction
  • Retail and storage spaces
  • Other
  • Chart: Major Market Segmentation for the Elevator Installation & Service Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Elevator Installation & Service

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Elevator Installation & Service Industry

  • Industry Globalization
    Major Companies
    United Technologies CorporationThyssenKrupp AG Kone Corporation
  • Table: United Technologies Corporation - financial performance
  • Table: ThyssenKrupp AG - financial performance
  • Table: Kone Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Elevator Installation & Service Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Elevator Installation & Service Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Corporate Profit (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Building Automation
  • Typically involves the installation of a computerized control system (intelligent network) that monitors and controls the mechanical and lighting systems in a building.
  • Elevator
  • A vertical transport vehicle that moves people and/or goods between floors of a building.
  • Escalator
  • A moving staircase conveyor transport device designed for moving large numbers of people between floors. Widely used in shopping malls, on transit systems and in public buildings.
  • Millwright
  • A certified trade occupation involving the installation, replacement, dismantling and repair of machinery and heavy equipment.
  • Nonemployer
  • An establishment without payroll employees, typically a sole proprietorship or partnership.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Elevator Installation & Service:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Elevator Installation & Service market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Elevator Installation & Service, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear