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.
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).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.