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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 | Aug 2016

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

IBISWorld’s Elevator Installation & Service market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 11-16
2.3%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
99,474
Businesses
17,516
Industry Threats & Opportunities
  • Industry revenue has grown alongside the recovery in key construction markets
  • Growing demand and increased profit potential have encouraged new industry entrants
  • New commercial construction should stimulate demand for large scale industry equipment
  • ... purchase to read more

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). In .. ... purchase 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 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 installationMillwrightingConveyor-system installationMachine riggingAutomated and revolving-door installationDumbwaiter 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
  • Demand widens
  • Industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Construction expansion
  • Profit 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
  • Elevator installation, maintenance and repair services
  • Millwright contracting and machine rigging services
  • Other installation, maintenance and repair 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
  • 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 Corporation
    Kone Corporation
    ThyssenKrupp AG
  • Table: United Technologies Corporation - financial performance
  • Table: Kone Corporation - financial performance
  • Table: ThyssenKrupp AG - 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Corporate Profit (2007-2021)
  • 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 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.

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