The global Elevator Maintenance Service market size was valued at USD 3580.7 million in 2023 and is forecast to a readjusted size of USD 4451.3 million by 2030 with a CAGR of 3.2% during review period.
Different types of elevator service contracts锛�
Survey and Report Contract. This contract covers quarterly, semiannual, or annual examination of all major components of an elevator. However, it does not include repair work, maintenance, or dismantling equipment that require elevator mechanics. Replacement or maintenance recommendations may be completed by the building owner or by the hired contractor in coordination with the property manager. However, as most of the owners demand at least basic elevator servicing, this type of maintenance contract is not suitable for them. Also, this type of contract makes it very difficult for the owner to avoid liability in case an accident occurs.
Oil & Grease or Examination and Lubrication Contract. Oil & Grease contracts mainly include lubrication of the moving parts of an elevator and minor adjustments on scheduled basis. In case any additional services are needed, the elevator service company reports the issue to the client along with an estimated cost. Once it is approved by the building owner, they schedule all the repairs and start their work. In this agreement, it is near to impossible for the owner to avoid liability in the event of accidents, injuries, or shut downs as he himself is responsible for approving the repair and replacement of parts. Due to this reason customer satisfaction is very low with this type of contract.
Full Maintenance Agreement (FMA). A full maintenance agreement allow the elevator service company to take care of all the elevator equipment mentioned in the maintenance agreement. FMA is like an insurance policy and allows the building owner to pay a yearly cost and free himself from the concerns relating to elevator maintenance. In this contract, the service company takes the responsibility of any accident that may occur, so the owner doesn鈥檛 have to bear any liability.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
The publisher report includes an overview of the development of the Elevator Maintenance Service industry chain, the market status of Commercial (Full Service Contract, Partial Service Contract), Residential (Full Service Contract, Partial Service Contract), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Elevator Maintenance Service.
Regionally, the report analyzes the Elevator Maintenance Service markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Elevator Maintenance Service market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Elevator Maintenance Service market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Elevator Maintenance Service industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Full Service Contract, Partial Service Contract).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Elevator Maintenance Service market.
Regional Analysis: The report involves examining the Elevator Maintenance Service market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Elevator Maintenance Service market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Elevator Maintenance Service:
Company Analysis: Report covers individual Elevator Maintenance Service players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Elevator Maintenance Service This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Commercial, Residential).
Technology Analysis: Report covers specific technologies relevant to Elevator Maintenance Service. It assesses the current state, advancements, and potential future developments in Elevator Maintenance Service areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Elevator Maintenance Service market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Elevator Maintenance Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Full Service Contract
Partial Service Contract
Oil and Grease Contract
Market segment by Application
Commercial
Residential
Others
Market segment by players, this report covers
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
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Elevator Maintenance Service product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Elevator Maintenance Service, with revenue, gross margin and global market share of Elevator Maintenance Service from 2019 to 2024.
Chapter 3, the Elevator Maintenance Service competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Elevator Maintenance Service market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Elevator Maintenance Service.
Chapter 13, to describe Elevator Maintenance Service research findings and conclusion.
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1 Market Overview
1.1 Product Overview and Scope of Elevator Maintenance Service
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Elevator Maintenance Service by Type
1.3.1 Overview: Global Elevator Maintenance Service Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Elevator Maintenance Service Consumption Value Market Share by Type in 2023
1.3.3 Full Service Contract
1.3.4 Partial Service Contract
1.3.5 Oil and Grease Contract
1.4 Global Elevator Maintenance Service Market by Application
1.4.1 Overview: Global Elevator Maintenance Service Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Commercial
1.4.3 Residential
1.4.4 Others
1.5 Global Elevator Maintenance Service Market Size & Forecast
1.6 Global Elevator Maintenance Service Market Size and Forecast by Region
1.6.1 Global Elevator Maintenance Service Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Elevator Maintenance Service Market Size by Region, (2019-2030)
1.6.3 North America Elevator Maintenance Service Market Size and Prospect (2019-2030)
1.6.4 Europe Elevator Maintenance Service Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Elevator Maintenance Service Market Size and Prospect (2019-2030)
1.6.6 South America Elevator Maintenance Service Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Elevator Maintenance Service Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Otis
2.1.1 Otis Details
2.1.2 Otis Major Business
2.1.3 Otis Elevator Maintenance Service Product and Solutions
2.1.4 Otis Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Otis Recent Developments and Future Plans
2.2 KONE
2.2.1 KONE Details
2.2.2 KONE Major Business
2.2.3 KONE Elevator Maintenance Service Product and Solutions
2.2.4 KONE Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 KONE Recent Developments and Future Plans
2.3 Hitachi
2.3.1 Hitachi Details
2.3.2 Hitachi Major Business
2.3.3 Hitachi Elevator Maintenance Service Product and Solutions
2.3.4 Hitachi Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Hitachi Recent Developments and Future Plans
2.4 Fujitec
2.4.1 Fujitec Details
2.4.2 Fujitec Major Business
2.4.3 Fujitec Elevator Maintenance Service Product and Solutions
2.4.4 Fujitec Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Fujitec Recent Developments and Future Plans
2.5 Bagby Elevator Company
2.5.1 Bagby Elevator Company Details
2.5.2 Bagby Elevator Company Major Business
2.5.3 Bagby Elevator Company Elevator Maintenance Service Product and Solutions
2.5.4 Bagby Elevator Company Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Bagby Elevator Company Recent Developments and Future Plans
2.6 Syney Electric
2.6.1 Syney Electric Details
2.6.2 Syney Electric Major Business
2.6.3 Syney Electric Elevator Maintenance Service Product and Solutions
2.6.4 Syney Electric Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Syney Electric Recent Developments and Future Plans
2.7 Schindler Elevator Corporation
2.7.1 Schindler Elevator Corporation Details
2.7.2 Schindler Elevator Corporation Major Business
2.7.3 Schindler Elevator Corporation Elevator Maintenance Service Product and Solutions
2.7.4 Schindler Elevator Corporation Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Schindler Elevator Corporation Recent Developments and Future Plans
2.8 D&D Elevator
2.8.1 D&D Elevator Details
2.8.2 D&D Elevator Major Business
2.8.3 D&D Elevator Elevator Maintenance Service Product and Solutions
2.8.4 D&D Elevator Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 D&D Elevator Recent Developments and Future Plans
2.9 EMR Elevator
2.9.1 EMR Elevator Details
2.9.2 EMR Elevator Major Business
2.9.3 EMR Elevator Elevator Maintenance Service Product and Solutions
2.9.4 EMR Elevator Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 EMR Elevator Recent Developments and Future Plans
2.10 Orona
2.10.1 Orona Details
2.10.2 Orona Major Business
2.10.3 Orona Elevator Maintenance Service Product and Solutions
2.10.4 Orona Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Orona Recent Developments and Future Plans
2.11 Eastern Elevators Group
2.11.1 Eastern Elevators Group Details
2.11.2 Eastern Elevators Group Major Business
2.11.3 Eastern Elevators Group Elevator Maintenance Service Product and Solutions
2.11.4 Eastern Elevators Group Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Eastern Elevators Group Recent Developments and Future Plans
2.12 Mid-American Elevator
2.12.1 Mid-American Elevator Details
2.12.2 Mid-American Elevator Major Business
2.12.3 Mid-American Elevator Elevator Maintenance Service Product and Solutions
2.12.4 Mid-American Elevator Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Mid-American Elevator Recent Developments and Future Plans
2.13 HISA
2.13.1 HISA Details
2.13.2 HISA Major Business
2.13.3 HISA Elevator Maintenance Service Product and Solutions
2.13.4 HISA Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 HISA Recent Developments and Future Plans
2.14 Century Elevator (BrandSafway)
2.14.1 Century Elevator (BrandSafway) Details
2.14.2 Century Elevator (BrandSafway) Major Business
2.14.3 Century Elevator (BrandSafway) Elevator Maintenance Service Product and Solutions
2.14.4 Century Elevator (BrandSafway) Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.14.5 Century Elevator (BrandSafway) Recent Developments and Future Plans
2.15 Asheville Elevator
2.15.1 Asheville Elevator Details
2.15.2 Asheville Elevator Major Business
2.15.3 Asheville Elevator Elevator Maintenance Service Product and Solutions
2.15.4 Asheville Elevator Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.15.5 Asheville Elevator Recent Developments and Future Plans
2.16 Brandywine Elevator Company
2.16.1 Brandywine Elevator Company Details
2.16.2 Brandywine Elevator Company Major Business
2.16.3 Brandywine Elevator Company Elevator Maintenance Service Product and Solutions
2.16.4 Brandywine Elevator Company Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.16.5 Brandywine Elevator Company Recent Developments and Future Plans
2.17 Veterans Development
2.17.1 Veterans Development Details
2.17.2 Veterans Development Major Business
2.17.3 Veterans Development Elevator Maintenance Service Product and Solutions
2.17.4 Veterans Development Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.17.5 Veterans Development Recent Developments and Future Plans
2.18 Warren Elevator
2.18.1 Warren Elevator Details
2.18.2 Warren Elevator Major Business
2.18.3 Warren Elevator Elevator Maintenance Service Product and Solutions
2.18.4 Warren Elevator Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.18.5 Warren Elevator Recent Developments and Future Plans
2.19 Pickerings Lifts
2.19.1 Pickerings Lifts Details
2.19.2 Pickerings Lifts Major Business
2.19.3 Pickerings Lifts Elevator Maintenance Service Product and Solutions
2.19.4 Pickerings Lifts Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.19.5 Pickerings Lifts Recent Developments and Future Plans
2.20 Potomac Elevator Company
2.20.1 Potomac Elevator Company Details
2.20.2 Potomac Elevator Company Major Business
2.20.3 Potomac Elevator Company Elevator Maintenance Service Product and Solutions
2.20.4 Potomac Elevator Company Elevator Maintenance Service Revenue, Gross Margin and Market Share (2019-2024)
2.20.5 Potomac Elevator Company Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Elevator Maintenance Service Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Elevator Maintenance Service by Company Revenue
3.2.2 Top 3 Elevator Maintenance Service Players Market Share in 2023
3.2.3 Top 6 Elevator Maintenance Service Players Market Share in 2023
3.3 Elevator Maintenance Service Market: Overall Company Footprint Analysis
3.3.1 Elevator Maintenance Service Market: Region Footprint
3.3.2 Elevator Maintenance Service Market: Company Product Type Footprint
3.3.3 Elevator Maintenance Service Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Elevator Maintenance Service Consumption Value and Market Share by Type (2019-2024)
4.2 Global Elevator Maintenance Service Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Elevator Maintenance Service Consumption Value Market Share by Application (2019-2024)
5.2 Global Elevator Maintenance Service Market Forecast by Application (2025-2030)
6 North America
6.1 North America Elevator Maintenance Service Consumption Value by Type (2019-2030)
6.2 North America Elevator Maintenance Service Consumption Value by Application (2019-2030)
6.3 North America Elevator Maintenance Service Market Size by Country
6.3.1 North America Elevator Maintenance Service Consumption Value by Country (2019-2030)
6.3.2 United States Elevator Maintenance Service Market Size and Forecast (2019-2030)
6.3.3 Canada Elevator Maintenance Service Market Size and Forecast (2019-2030)
6.3.4 Mexico Elevator Maintenance Service Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Elevator Maintenance Service Consumption Value by Type (2019-2030)
7.2 Europe Elevator Maintenance Service Consumption Value by Application (2019-2030)
7.3 Europe Elevator Maintenance Service Market Size by Country
7.3.1 Europe Elevator Maintenance Service Consumption Value by Country (2019-2030)
7.3.2 Germany Elevator Maintenance Service Market Size and Forecast (2019-2030)
7.3.3 France Elevator Maintenance Service Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Elevator Maintenance Service Market Size and Forecast (2019-2030)
7.3.5 Russia Elevator Maintenance Service Market Size and Forecast (2019-2030)
7.3.6 Italy Elevator Maintenance Service Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Elevator Maintenance Service Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Elevator Maintenance Service Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Elevator Maintenance Service Market Size by Region
8.3.1 Asia-Pacific Elevator Maintenance Service Consumption Value by Region (2019-2030)
8.3.2 China Elevator Maintenance Service Market Size and Forecast (2019-2030)
8.3.3 Japan Elevator Maintenance Service Market Size and Forecast (2019-2030)
8.3.4 South Korea Elevator Maintenance Service Market Size and Forecast (2019-2030)
8.3.5 India Elevator Maintenance Service Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Elevator Maintenance Service Market Size and Forecast (2019-2030)
8.3.7 Australia Elevator Maintenance Service Market Size and Forecast (2019-2030)
9 South America
9.1 South America Elevator Maintenance Service Consumption Value by Type (2019-2030)
9.2 South America Elevator Maintenance Service Consumption Value by Application (2019-2030)
9.3 South America Elevator Maintenance Service Market Size by Country
9.3.1 South America Elevator Maintenance Service Consumption Value by Country (2019-2030)
9.3.2 Brazil Elevator Maintenance Service Market Size and Forecast (2019-2030)
9.3.3 Argentina Elevator Maintenance Service Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Elevator Maintenance Service Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Elevator Maintenance Service Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Elevator Maintenance Service Market Size by Country
10.3.1 Middle East & Africa Elevator Maintenance Service Consumption Value by Country (2019-2030)
10.3.2 Turkey Elevator Maintenance Service Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Elevator Maintenance Service Market Size and Forecast (2019-2030)
10.3.4 UAE Elevator Maintenance Service Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Elevator Maintenance Service Market Drivers
11.2 Elevator Maintenance Service Market Restraints
11.3 Elevator Maintenance Service Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Elevator Maintenance Service Industry Chain
12.2 Elevator Maintenance Service Upstream Analysis
12.3 Elevator Maintenance Service Midstream Analysis
12.4 Elevator Maintenance Service Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
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
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*If Applicable.