Global Elevator Modernization Solutions Market Research Report 2024(Status and Outlook)

Global Elevator Modernization Solutions Market Research Report 2024(Status and Outlook)



Report Overview:

Both, Hydraulic and Traction elevators, have to carry people or various items to the different floors of the building and each elevator has a weight capacity. Modernization, partial or full, of these elevators are needed due to load carrying capacity shortages, long wait times due to slow speed, high power consumption, wear and tear of components, and new regulations.

The Global Elevator Modernization Solutions Market Size was estimated at USD 701.50 million in 2023 and is projected to reach USD 956.30 million by 2029, exhibiting a CAGR of 5.30% during the forecast period.

This report provides a deep insight into the global Elevator Modernization Solutions market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Elevator Modernization Solutions Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Elevator Modernization Solutions market in any manner.

Global Elevator Modernization Solutions Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

United Technologies Corporation

KONE Corporation

Schindler Holding Ltd.

ThyssenKrupp AG

Fujitec Co Ltd.

Hitachi Ltd.

Electra Elevators

Hyundai Elevator Co., Ltd

Mitsubishi Electric Corporation

Toshiba International Corporation

Market Segmentation (by Type)

Power Units

Cabin Enclosures

Controllers and Signaling Fixtures

Door Equipment

Others

Market Segmentation (by Application)

Industrial

Residential

Commercial

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Elevator Modernization Solutions Market
  • Overview of the regional outlook of the Elevator Modernization Solutions Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Elevator Modernization Solutions Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Elevator Modernization Solutions
1.2 Key Market Segments
1.2.1 Elevator Modernization Solutions Segment by Type
1.2.2 Elevator Modernization Solutions Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Elevator Modernization Solutions Market Overview
2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Elevator Modernization Solutions Market Competitive Landscape
3.1 Global Elevator Modernization Solutions Revenue Market Share by Company (2019-2024)
3.2 Elevator Modernization Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company Elevator Modernization Solutions Market Size Sites, Area Served, Product Type
3.4 Elevator Modernization Solutions Market Competitive Situation and Trends
3.4.1 Elevator Modernization Solutions Market Concentration Rate
3.4.2 Global 5 and 10 Largest Elevator Modernization Solutions Players Market Share by Revenue
3.4.3 Mergers & Acquisitions, Expansion
4 Elevator Modernization Solutions Value Chain Analysis
4.1 Elevator Modernization Solutions Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis
5 The Development and Dynamics of Elevator Modernization Solutions Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 Mergers & Acquisitions
5.5.2 Expansions
5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies
6 Elevator Modernization Solutions Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Elevator Modernization Solutions Market Size Market Share by Type (2019-2024)
6.3 Global Elevator Modernization Solutions Market Size Growth Rate by Type (2019-2024)
7 Elevator Modernization Solutions Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Elevator Modernization Solutions Market Size (M USD) by Application (2019-2024)
7.3 Global Elevator Modernization Solutions Market Size Growth Rate by Application (2019-2024)
8 Elevator Modernization Solutions Market Segmentation by Region
8.1 Global Elevator Modernization Solutions Market Size by Region
8.1.1 Global Elevator Modernization Solutions Market Size by Region
8.1.2 Global Elevator Modernization Solutions Market Size Market Share by Region
8.2 North America
8.2.1 North America Elevator Modernization Solutions Market Size by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Elevator Modernization Solutions Market Size by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Elevator Modernization Solutions Market Size by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Elevator Modernization Solutions Market Size by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Elevator Modernization Solutions Market Size by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 United Technologies Corporation
9.1.1 United Technologies Corporation Elevator Modernization Solutions Basic Information
9.1.2 United Technologies Corporation Elevator Modernization Solutions Product Overview
9.1.3 United Technologies Corporation Elevator Modernization Solutions Product Market Performance
9.1.4 United Technologies Corporation Elevator Modernization Solutions SWOT Analysis
9.1.5 United Technologies Corporation Business Overview
9.1.6 United Technologies Corporation Recent Developments
9.2 KONE Corporation
9.2.1 KONE Corporation Elevator Modernization Solutions Basic Information
9.2.2 KONE Corporation Elevator Modernization Solutions Product Overview
9.2.3 KONE Corporation Elevator Modernization Solutions Product Market Performance
9.2.4 United Technologies Corporation Elevator Modernization Solutions SWOT Analysis
9.2.5 KONE Corporation Business Overview
9.2.6 KONE Corporation Recent Developments
9.3 Schindler Holding Ltd.
9.3.1 Schindler Holding Ltd. Elevator Modernization Solutions Basic Information
9.3.2 Schindler Holding Ltd. Elevator Modernization Solutions Product Overview
9.3.3 Schindler Holding Ltd. Elevator Modernization Solutions Product Market Performance
9.3.4 United Technologies Corporation Elevator Modernization Solutions SWOT Analysis
9.3.5 Schindler Holding Ltd. Business Overview
9.3.6 Schindler Holding Ltd. Recent Developments
9.4 ThyssenKrupp AG
9.4.1 ThyssenKrupp AG Elevator Modernization Solutions Basic Information
9.4.2 ThyssenKrupp AG Elevator Modernization Solutions Product Overview
9.4.3 ThyssenKrupp AG Elevator Modernization Solutions Product Market Performance
9.4.4 ThyssenKrupp AG Business Overview
9.4.5 ThyssenKrupp AG Recent Developments
9.5 Fujitec Co Ltd.
9.5.1 Fujitec Co Ltd. Elevator Modernization Solutions Basic Information
9.5.2 Fujitec Co Ltd. Elevator Modernization Solutions Product Overview
9.5.3 Fujitec Co Ltd. Elevator Modernization Solutions Product Market Performance
9.5.4 Fujitec Co Ltd. Business Overview
9.5.5 Fujitec Co Ltd. Recent Developments
9.6 Hitachi Ltd.
9.6.1 Hitachi Ltd. Elevator Modernization Solutions Basic Information
9.6.2 Hitachi Ltd. Elevator Modernization Solutions Product Overview
9.6.3 Hitachi Ltd. Elevator Modernization Solutions Product Market Performance
9.6.4 Hitachi Ltd. Business Overview
9.6.5 Hitachi Ltd. Recent Developments
9.7 Electra Elevators
9.7.1 Electra Elevators Elevator Modernization Solutions Basic Information
9.7.2 Electra Elevators Elevator Modernization Solutions Product Overview
9.7.3 Electra Elevators Elevator Modernization Solutions Product Market Performance
9.7.4 Electra Elevators Business Overview
9.7.5 Electra Elevators Recent Developments
9.8 Hyundai Elevator Co., Ltd
9.8.1 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Basic Information
9.8.2 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Product Overview
9.8.3 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Product Market Performance
9.8.4 Hyundai Elevator Co., Ltd Business Overview
9.8.5 Hyundai Elevator Co., Ltd Recent Developments
9.9 Mitsubishi Electric Corporation
9.9.1 Mitsubishi Electric Corporation Elevator Modernization Solutions Basic Information
9.9.2 Mitsubishi Electric Corporation Elevator Modernization Solutions Product Overview
9.9.3 Mitsubishi Electric Corporation Elevator Modernization Solutions Product Market Performance
9.9.4 Mitsubishi Electric Corporation Business Overview
9.9.5 Mitsubishi Electric Corporation Recent Developments
9.10 Toshiba International Corporation
9.10.1 Toshiba International Corporation Elevator Modernization Solutions Basic Information
9.10.2 Toshiba International Corporation Elevator Modernization Solutions Product Overview
9.10.3 Toshiba International Corporation Elevator Modernization Solutions Product Market Performance
9.10.4 Toshiba International Corporation Business Overview
9.10.5 Toshiba International Corporation Recent Developments
10 Elevator Modernization Solutions Regional Market Forecast
10.1 Global Elevator Modernization Solutions Market Size Forecast
10.2 Global Elevator Modernization Solutions Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Elevator Modernization Solutions Market Size Forecast by Country
10.2.3 Asia Pacific Elevator Modernization Solutions Market Size Forecast by Region
10.2.4 South America Elevator Modernization Solutions Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Elevator Modernization Solutions by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Elevator Modernization Solutions Market Forecast by Type (2025-2030)
11.2 Global Elevator Modernization Solutions Market Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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