$1.8bn
$XX.Xm
5,357
141
$XXX.Xm
Elevator installation and maintenance contractors have faced divergent trends in the core building markets. A slump in high-rise elevator installation in residential projects outweighs generally favourable conditions in the non-residential building market. The industry's heavy focus on maintaining and repairing elevator and escalator systems in existing buildings has provided a stable platform for many industry contractors.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $1.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Schindler Lifts | 406.0 | |
Otis Elevator | 371.0 | |
KONE Holdings (Australia) | 324.0 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Elevator installation services, Escalator installation services and Maintenance services. Elevator installation services is the largest segment of the Elevator Installation and Maintenance in Australia.
A slump in elevator installation in high-rise apartment developments
Industry companies install and maintain elevator, escalator and moving walkway systems in residential and commercial buildings such as offices, shopping centres, stadiums, airports and other buildings and structures.
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ANZSIC 3239 - Elevator Installation and Maintenance in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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New South Wales is the dominant state for elevator and escalator installation. The high-rise buildings in Sydney’s CBD require complex elevator systems. Sydney is the local h...
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The industry's prominent contractors handle most installation work and secure long-term maintenance contracts on the installed systems. The relationship between original equi...
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The industry is dominated by four vertically integrated businesses that are subsidiaries of global leaders in elevator system manufacturing. Schindler Lifts, Otis Elevator Co...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A slump in multi-unit apartment and townhouse construction since a 2017-18 peak has represented the biggest threat to the industry’s performance. The structure of high-rise a...
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Industry profitability has weakened with the deterioration of work on complex elevator systems in the high-rise apartment construction market. Rising input prices in response...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Elevator Installation and Maintenance industry in Australia is $1.8bn in 2024.
There are 141 businesses in the Elevator Installation and Maintenance industry in Australia, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Elevator Installation and Maintenance industry in Australia has been declining at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Elevator Installation and Maintenance industry in Australia is expected to grow.
The biggest companies operating in the Elevator Installation and Maintenance market in Australia are Schindler Lifts, Otis Elevator and KONE Holdings (Australia)
Elevator installation services and Escalator installation services are part of the Elevator Installation and Maintenance industry.
The company holding the most market share in Australia is Schindler Lifts.
The level of competition is high and increasing in the Elevator Installation and Maintenance industry in Australia.