Overview of the Market for Elevator And Moving Stairway in the USA
In value terms, elevator and moving stairway production totaled $ in 2018. Overall, the total output indicated strong growth from 2013 to 2018: its value increased at an average annual rate of +% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, elevator and moving stairway production increased by +% against 2013 indices. The pace of growth was the most pronounced in 2015 when production volume increased by % y-o-y. Over the period under review, elevator and moving stairway production reached its peak figure level in 2018 and is expected to retain its growth in the near future.
The revenue of the elevator and moving stairway market in the U.S. amounted to $ in 2018, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2018 when the market value increased by % y-o-y. In that year, the elevator and moving stairway market attained its peak level and is likely to continue its growth in the immediate term.