GLG Network Survey Tracker: Elevator Industry III

SURVEY DETAILS

TARGET POPULATION

For this Network Survey, GLG surveyed 75 experts in the elevator industry across the US and Europe (UK, France, Germany, Italy, Spain) who commented on the latest market trends. This is the third iteration in this tracker series.

What will you learn from this survey?

• US and European elevator industry experts shared their views on current trends and their projections for market recovery after COVID-19.
• The survey investigated how the industry is performing on both new installations and repairs.
• Respondents also discussed their level of concern for the following years.

Example of findings:

• Nearly all respondents expect AI to impact elevator industry in the next 10 years.
• Over seven-in- ten believe gross margins will increase because IoT solutions. Furthermore, nearly half of elevator manufacturers think IoT solutions will reduce maintenance contract cancellations.
• Over six-in-ten agree that the major elevator manufacturers will gain market share in the elevator modernization markets.

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Rob Isabelle, COO at KIA Consultants Inc.

The standard deliverable includes:

• 1 x Individual responses (“raw data”) in Excel.
• 1 x PPT report with aggregated data.
• Executive summary with key takeaways and highlights from the raw data.

SAMPLE QUESTIONS

• What impact do you believe the IoT solutions will have on gross margins over the next two years?
• In your opinion, what is the probability of the elevator modernization market to expand at an increasing pace in the next 3-5 years?
• How much do you agree with the following statement: “The acceleration of elevator modernization market will be driven by the obsolescence of system components”?
• Which of the following best describes the trends in the billable repair segment that you expect to see in the next 3 to 5 years?
• How great of an impact has COVID-19 had on the new installation market?
• Do you expect AI to impact the elevator industry in the next 10 years?
• Do you expect major Chinese elevator contractors to expand globally over the next 10 years and therefore impacting the current oligopoly?
• In your opinion, what is the probability of manufacturing returning to North America over the next 10 years?

ACCESS

This survey is available to subscribers of the Energy and Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription. 

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG capture in the Network Survey.