An elevator can be a huge asset to your commercial space until it's not. Elevator breakdowns can be an inconvenience and a safety hazard. If you own an elevator, it's crucial that you stay up on elevator maintenance and service. Connecting with the right elevator professionals is key to getting the right service and repairs when you need them. According to Globe News Wire, the global elevator and escalator market will escalate to $157.36 billion in 2027, progressing at a CAGR of 5.43% from 2023 to 2027. Let's learn more about elevator maintenance or services and gain a better understanding of why this number keeps growing.

Breaking Down Elevator Services

Before jumping into the benefits of these services, it's important to have realistic expectations of what happens and what plans might be available to you. Take a look!

What Does Elevator Maintenance Consist Of?

Elevator maintenance usually consists of regular inspections, cleanings, and repairs when needed. Elevators are one part of your commercial property that is in constant motion during operating hours. It's often tempting to avoid maintenance and repairs in a misguided hope to save money. This type of thinking, however, often winds up costing you more money in the long run. When you put off or ignore preventive maintenance, you'll wind up getting surprised by elevator malfunctions and breakdowns. Small problems that could have been corrected relatively easily and inexpensively will suddenly turn into huge expensive issues. This can all be avoided with regular maintenance and elevator services.

What Are Elevator Maintenance Plans?

An elevator maintenance plan is a pre-designed and pre-schedule preventive maintenance plan that you can set up with elevator services near you. This will include scheduled visits with a qualified tech. During the visits, your elevators will be inspected and tested, and maintenance tasks will be performed. Service plans can also help owners outline emergency response procedures so that you and your staff always know what to do in the event of a breakdown or malfunction. This ensures that you can respond with speed and effectiveness when problems arise.

How Often Do I Need Elevator Maintenance?

The frequency of elevator maintenance depends on a few different factors. It will depend on the type and age of the elevator, the frequency of use, and the safety requirements of the building or area. Having a maintenance plan in place can save you time, money, and liability issues. Our experts recommend annual tune-ups to remain in compliance with Texas and Louisiana codes.

Examining the Benefits

Now that we have a better understanding of what occurs during elevator services, you might want to know how you can benefit from them. Read on to learn more!

Prevents Unexpected Breakdowns

Unexpected breakdowns can be a huge inconvenience for your company. Not only is this annoying, but it can also be expensive. If your elevator operation is part of your profitability each day, you're literally losing money when customers can't get to where they need to in your commercial space. Breakdowns can also pose safety issues as it may be imperative to get some patrons from place to place quickly in your space.

Extends the Life of the Elevator

An elevator is a huge investment. To get the most out of this investment, you must protect it with good maintenance so that it lasts as long as possible. If the elevator must be replaced sooner than planned, you're losing money on your investment.

Improves Customer Loyalty

The customers, clients, or patrons of your commercial space want to know that everything about your business is reliable, and this includes the elevators. You might not realize it, but the physical aspect of your commercial space makes a huge impression on your potential customers or clients. They will form an opinion of how you run your entire business based on what they see on your property. If you have elevators out of order, or elevators that feel unsafe, this will affect your company's reputation. If you want to put your elevator maintenance on autopilot, you need a maintenance plan.

These are just a few things you should consider when it comes to elevator maintenance. If you're looking for reliable elevator services near you, please contact Stark Elevator today. We are here for your elevator needs.