Global Elevator Maintenance & Repair, New Installation & Modernization Market Growth (Status and Outlook) 2023-2029

Global Elevator Maintenance & Repair, New Installation & Modernization Market Growth (Status and Outlook) 2023-2029

An elevator is an extremely complex system with hundreds of parts that must be maintained. One function of maintenance is ensuring continued operation by preventing excessive wear and breakdown.
LPI (LP Information)' newest research report, the “Elevator Maintenance & Repair, New Installation & Modernization Industry Forecast” looks at past sales and reviews total world Elevator Maintenance & Repair, New Installation & Modernization sales in 2022, providing a comprehensive analysis by region and market sector of projected Elevator Maintenance & Repair, New Installation & Modernization sales for 2023 through 2029. With Elevator Maintenance & Repair, New Installation & Modernization sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Maintenance & Repair, New Installation & Modernization industry.
This Insight Report provides a comprehensive analysis of the global Elevator Maintenance & Repair, New Installation & Modernization landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Maintenance & Repair, New Installation & Modernization portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Maintenance & Repair, New Installation & Modernization market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Maintenance & Repair, New Installation & Modernization and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Maintenance & Repair, New Installation & Modernization.
The global Elevator Maintenance & Repair, New Installation & Modernization market size is projected to grow from US$ 7415 million in 2022 to US$ 9385.2 million in 2029; it is expected to grow at a CAGR of 3.4% from 2023 to 2029.
Otis is the largest manufacturer. Its revenue of global market exceeds 14.22% in 2018. The next is KONE and Hitachi.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Maintenance & Repair, New Installation & Modernization market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Maintenance & Repair
New Installation
Modernization
Others
Segmentation by application
Commercial
Residential
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Otis
KONE
Hitachi
Fujitec
Bagby Elevator Company
Syney Electric
Schindler Elevator Corporation
D&D Elevator
EMR Elevator
Orona
Eastern Elevators Group
Mid-American Elevator
HISA
Century Elevator (BrandSafway)
Asheville Elevator
Brandywine Elevator Company
Veterans Development
Warren Elevator
Pickerings Lifts
Potomac Elevator Company

Please note: The report will take approximately 2 business days to prepare and deliver.