Elevator Installation & Service in the US
The Elevator Installation and Service industry's performance is heavily dependent on investment in construction, new capital equipment and overall health of the economy. Over the past five years to 2018, the industry has grown as construction markets picked up early during in the period. Early in during the five-year period, the industry experienced strong growth due to recoveries across key construction markets as well as a spike in corporate profit. As corporate profit declined later in during the period and private investment in manufacturing facilities fell, industry revenue growth halted as well. 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 2023, the value of private nonresidential construction is expected to increase.
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.
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