Going down: Reduced investment in multi-unit apartments leads to temporary revenue declines

The Elevator Installation and Maintenance industry installs, maintains and repairs elevators, escalators and moving walkway systems (travelators) on buildings and other structures, particularly in multistorey developments. The industry's performance is heavily influenced by trends in commercial building construction and the industry's long-term growth has been supported by the shift in residential building construction towards high-rise apartment developments. Over the five years through 2018-19, industry revenue is anticipated to grow at an annualised 3.5% to reach $1.5 billion. However, the industry's revenue performance is expected to decline by 5.1%...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Strong investment in multi-unit apartments has underpinned the industry’s revenue performance
  • Investment in multi-unit housing has prompted strong revenue growth over the past five years
  • A recovery in multi-unit apartment construction will support elevator installation demand
  • Industry Report - Industry Products Chapter

    The industry provides installation and maintenance services for elevators, escalators and moving walkway systems (travelators). The bulk of industry revenue is generated from installation services. However, the share can fluctuate depending on trends in new building construction, particularly for multistorey developments such as office towers and high-rise apartments.Elevator installation servicesThe industry's largest service segment involves installing and retrofitting elevators in buildings, such as office complexes, high-rise apartments and institutional buildings (e.g. hospitals). Elevator products vary in size and function, from small-scale home elevators, dumbwaiters and vehicle lifts, to large commercial and industrial elevators. Des...purchase to read more.

    Additional Insights for the Elevator Installation and Maintenance Industry

    IBISWorld has determined the most important Key Success Factors for the Elevator Installation and Maintenance are:

  • Access to highly skilled workforce
  • Economies of scale
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from multi-unit apartment and townhouse construction in the Elevator Installation and Maintenance industry impact industry performance..

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    What's in this report

    What is the Elevator Installation and Maintenance Industry?

    Industry companies install and maintain elevator, escalator and moving walkway systems in office buildings, shopping centres, stadiums, airports and other commercial buildings and structures.

    Industry Products
  • Elevator installation services
  • Escalator installation services
  • Maintenance services
  • Other services
  • Industry Activities
  • Elevator installation
  • Escalator installation
  • Moving walkway system (travelator) installation
  • Maintenance of elevators, escalators and moving walkway systems
  • Elevator and escalator modernisation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial and industrial building construction
  • Demand from multi-unit apartment and townhouse construction
  • Demand from office property operators
  • Demand from institutional building construction

  • Current Performance
  • Non-residential building trends
  • Apartment construction trends
  • Profitability trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Apartment construction trends
  • Non-residential building trends
  • Profitability and participation trends
  • Technological innovation trends
  • Table: Elevator Installation and Maintenance Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Multi-Unit Apartment and Townhouse Construction
  • Commercial and Industrial Building Construction
  • Institutional Building Construction

  • Key Selling Industries
  • Construction Machinery and Operator Hire
  • Conveyor and Crane Manufacturing

  • Products & Services
  • Elevator installation services
  • Maintenance services
  • Escalator installation services
  • Other services
  • Chart: Elevator Installation and Maintenance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial building firms, developers and property managers
  • Residential builders, developers and property managers
  • Institutional building firms, developers and property managers
  • Chart: Major Market Segmentation for the Elevator Installation and Maintenance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Elevator Installation and Maintenance

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

  • Industry Globalization
    KONE Holdings (Australia) Limited, UTC Australia Commercial Holdings Pty Ltd, Schindler Lifts Australia Pty Limited, ThyssenKrupp Lifts Pacific Pty Limited,
  • Table: KONE Holdings (Australia) Limited - financial performance
  • Table: UTC Australia Commercial Holdings Pty Ltd - financial performance
  • Table: Schindler Lifts Australia Pty Limited - financial performance
  • Table: ThyssenKrupp Lifts Pacific Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Elevator Installation and Maintenance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Elevator Installation and Maintenance Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A vertical transport vehicle that moves people and/or goods between floors of a building.
  • Escalator
  • A moving staircase conveyor device designed for transporting large numbers of people between floors. Widely used in shopping malls, on transit systems and in public buildings.
  • Travelator
  • A slow moving conveyor mechanism that transports people across a horizontal or inclined plane over a short to medium distance. Also known as moving walkways or moving sidewalks.
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    Why buy this report?

    IBISWorld’s Elevator Installation and Maintenance 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.

    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 and Maintenance:
    • 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 and Maintenance 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 and Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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