Elevator Installation and Maintenance in Australia Industry Market Research Report Now Updated by IBISWorld

The recovery of key downstream markets will lift the prospects of the Elevator Installation and Maintenance industry in Australia over the next five years. For this reason, industry research firm IBISWorld has updated its report on the Elevator Installation and Maintenance industry in Australia.

Melbourne, Australia (PRWEB) November 25, 2013

The industry is in the mature stage of its life cycle and has a high market share concentration. The industry is overwhelmingly dominated by its three major players, Schindler lifts Australia Pty Limited, KONE Holdings (Australia) Limited and United Technologies Australia Holdings Limited. These larger players in the industry tend to have the capability to do installation, repairs and maintenance of escalators. The smaller players tend to focus more on the maintenance and refurbishment of older lifts. “More than half of industry revenue is derived from escalator and elevator installation, which is the reason for its strong dependence on downstream construction markets,” says Ivanov. For most of the past five years, commercial and private construction have had opposite effects on operators in the industry. However, during the years when their effects were similar, industry revenue posted large jumps, such as that in 2011-12. In 2013-14, revenue is forecast to grow by only 0.5%.

The outlook for the Elevator Installation and Maintenance industry is strong. Growth is expected to be driven by improving conditions in commercial construction as commercial property yields rise. Demand from multi-unit apartment is expected to decrease slightly relative to the past five years due to a decline in yields and large build-up of stock. However, it should still contribute to revenue growth over the next five years.

For more information, visit IBISWorld’s Elevator Installation and Maintenance in Australia industry report page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau.

IBISWorld industry Report Key Topics
Companies in this industry are mainly engaged in the installation and maintenance of elevator and escalator systems in office buildings, shopping centres, stadiums, airports and other commercial buildings and structures.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

For the original version on PRWeb visit: http://www.prweb.com/releases/2013/11/prweb11360857.htm