The global Elevator Modernization market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
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 Modernization industry chain, the market status of Residential Buildings (Hydraulic Elevator, Traction Elevator), Commercial (Hydraulic Elevator, Traction Elevator), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Elevator Modernization.
Regionally, the report analyzes the Elevator Modernization 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 Modernization market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Elevator Modernization 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 Modernization 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 sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Hydraulic Elevator, Traction Elevator).
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 Modernization market.
Regional Analysis: The report involves examining the Elevator Modernization 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 Modernization 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 Modernization:
Company Analysis: Report covers individual Elevator Modernization manufacturers, 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 Modernization This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential Buildings, Commercial).
Technology Analysis: Report covers specific technologies relevant to Elevator Modernization. It assesses the current state, advancements, and potential future developments in Elevator Modernization areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Elevator Modernization 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 Modernization 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 volume and value.
Market segment by Type
Hydraulic Elevator
Traction Elevator
Climbing Elevator
Pneumatic Elevator
Market segment by Application
Residential Buildings
Commercial
Marine
Industrial
Institutional
Transportation
Others
Major players covered
KONE Elevator
Schindler Group
Otis Elevator company
Mitsubishi Electric
Kohler Elevator
ThyssenKrupp Elevator Technology
Hyundai Elevator Co., LTD
Johnson Lifts Private Ltd
Hitachi Ltd
Toshiba Elevator
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator Modernization product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator Modernization, with price, sales, revenue and global market share of Elevator Modernization from 2019 to 2024.
Chapter 3, the Elevator Modernization competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator Modernization breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Elevator Modernization market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator Modernization.
Chapter 14 and 15, to describe Elevator Modernization sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Elevator Modernization
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Elevator Modernization Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Hydraulic Elevator
1.3.3 Traction Elevator
1.3.4 Climbing Elevator
1.3.5 Pneumatic Elevator
1.4 Market Analysis by Application
1.4.1 Overview: Global Elevator Modernization Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Residential Buildings
1.4.3 Commercial
1.4.4 Marine
1.4.5 Industrial
1.4.6 Institutional
1.4.7 Transportation
1.4.8 Others
1.5 Global Elevator Modernization Market Size & Forecast
1.5.1 Global Elevator Modernization Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Elevator Modernization Sales Quantity (2019-2030)
1.5.3 Global Elevator Modernization Average Price (2019-2030)
2 Manufacturers Profiles
2.1 KONE Elevator
2.1.1 KONE Elevator Details
2.1.2 KONE Elevator Major Business
2.1.3 KONE Elevator Elevator Modernization Product and Services
2.1.4 KONE Elevator Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 KONE Elevator Recent Developments/Updates
2.2 Schindler Group
2.2.1 Schindler Group Details
2.2.2 Schindler Group Major Business
2.2.3 Schindler Group Elevator Modernization Product and Services
2.2.4 Schindler Group Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Schindler Group Recent Developments/Updates
2.3 Otis Elevator company
2.3.1 Otis Elevator company Details
2.3.2 Otis Elevator company Major Business
2.3.3 Otis Elevator company Elevator Modernization Product and Services
2.3.4 Otis Elevator company Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Otis Elevator company Recent Developments/Updates
2.4 Mitsubishi Electric
2.4.1 Mitsubishi Electric Details
2.4.2 Mitsubishi Electric Major Business
2.4.3 Mitsubishi Electric Elevator Modernization Product and Services
2.4.4 Mitsubishi Electric Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Mitsubishi Electric Recent Developments/Updates
2.5 Kohler Elevator
2.5.1 Kohler Elevator Details
2.5.2 Kohler Elevator Major Business
2.5.3 Kohler Elevator Elevator Modernization Product and Services
2.5.4 Kohler Elevator Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Kohler Elevator Recent Developments/Updates
2.6 ThyssenKrupp Elevator Technology
2.6.1 ThyssenKrupp Elevator Technology Details
2.6.2 ThyssenKrupp Elevator Technology Major Business
2.6.3 ThyssenKrupp Elevator Technology Elevator Modernization Product and Services
2.6.4 ThyssenKrupp Elevator Technology Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 ThyssenKrupp Elevator Technology Recent Developments/Updates
2.7 Hyundai Elevator Co., LTD
2.7.1 Hyundai Elevator Co., LTD Details
2.7.2 Hyundai Elevator Co., LTD Major Business
2.7.3 Hyundai Elevator Co., LTD Elevator Modernization Product and Services
2.7.4 Hyundai Elevator Co., LTD Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Hyundai Elevator Co., LTD Recent Developments/Updates
2.8 Johnson Lifts Private Ltd
2.8.1 Johnson Lifts Private Ltd Details
2.8.2 Johnson Lifts Private Ltd Major Business
2.8.3 Johnson Lifts Private Ltd Elevator Modernization Product and Services
2.8.4 Johnson Lifts Private Ltd Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Johnson Lifts Private Ltd Recent Developments/Updates
2.9 Hitachi Ltd
2.9.1 Hitachi Ltd Details
2.9.2 Hitachi Ltd Major Business
2.9.3 Hitachi Ltd Elevator Modernization Product and Services
2.9.4 Hitachi Ltd Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Hitachi Ltd Recent Developments/Updates
2.10 Toshiba Elevator
2.10.1 Toshiba Elevator Details
2.10.2 Toshiba Elevator Major Business
2.10.3 Toshiba Elevator Elevator Modernization Product and Services
2.10.4 Toshiba Elevator Elevator Modernization Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Toshiba Elevator Recent Developments/Updates
3 Competitive Environment: Elevator Modernization by Manufacturer
3.1 Global Elevator Modernization Sales Quantity by Manufacturer (2019-2024)
3.2 Global Elevator Modernization Revenue by Manufacturer (2019-2024)
3.3 Global Elevator Modernization Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Elevator Modernization by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Elevator Modernization Manufacturer Market Share in 2023
3.4.2 Top 6 Elevator Modernization Manufacturer Market Share in 2023
3.5 Elevator Modernization Market: Overall Company Footprint Analysis
3.5.1 Elevator Modernization Market: Region Footprint
3.5.2 Elevator Modernization Market: Company Product Type Footprint
3.5.3 Elevator Modernization Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Elevator Modernization Market Size by Region
4.1.1 Global Elevator Modernization Sales Quantity by Region (2019-2030)
4.1.2 Global Elevator Modernization Consumption Value by Region (2019-2030)
4.1.3 Global Elevator Modernization Average Price by Region (2019-2030)
4.2 North America Elevator Modernization Consumption Value (2019-2030)
4.3 Europe Elevator Modernization Consumption Value (2019-2030)
4.4 Asia-Pacific Elevator Modernization Consumption Value (2019-2030)
4.5 South America Elevator Modernization Consumption Value (2019-2030)
4.6 Middle East and Africa Elevator Modernization Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Elevator Modernization Sales Quantity by Type (2019-2030)
5.2 Global Elevator Modernization Consumption Value by Type (2019-2030)
5.3 Global Elevator Modernization Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Elevator Modernization Sales Quantity by Application (2019-2030)
6.2 Global Elevator Modernization Consumption Value by Application (2019-2030)
6.3 Global Elevator Modernization Average Price by Application (2019-2030)
7 North America
7.1 North America Elevator Modernization Sales Quantity by Type (2019-2030)
7.2 North America Elevator Modernization Sales Quantity by Application (2019-2030)
7.3 North America Elevator Modernization Market Size by Country
7.3.1 North America Elevator Modernization Sales Quantity by Country (2019-2030)
7.3.2 North America Elevator Modernization Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Elevator Modernization Sales Quantity by Type (2019-2030)
8.2 Europe Elevator Modernization Sales Quantity by Application (2019-2030)
8.3 Europe Elevator Modernization Market Size by Country
8.3.1 Europe Elevator Modernization Sales Quantity by Country (2019-2030)
8.3.2 Europe Elevator Modernization Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Elevator Modernization Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Elevator Modernization Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Elevator Modernization Market Size by Region
9.3.1 Asia-Pacific Elevator Modernization Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Elevator Modernization Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Elevator Modernization Sales Quantity by Type (2019-2030)
10.2 South America Elevator Modernization Sales Quantity by Application (2019-2030)
10.3 South America Elevator Modernization Market Size by Country
10.3.1 South America Elevator Modernization Sales Quantity by Country (2019-2030)
10.3.2 South America Elevator Modernization Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Elevator Modernization Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Elevator Modernization Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Elevator Modernization Market Size by Country
11.3.1 Middle East & Africa Elevator Modernization Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Elevator Modernization Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Elevator Modernization Market Drivers
12.2 Elevator Modernization Market Restraints
12.3 Elevator Modernization Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Elevator Modernization and Key Manufacturers
13.2 Manufacturing Costs Percentage of Elevator Modernization
13.3 Elevator Modernization Production Process
13.4 Elevator Modernization Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Elevator Modernization Typical Distributors
14.3 Elevator Modernization Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
KONE Elevator
Schindler Group
Otis Elevator company
Mitsubishi Electric
Kohler Elevator
ThyssenKrupp Elevator Technology
Hyundai Elevator Co., LTD
Johnson Lifts Private Ltd
Hitachi Ltd
Toshiba Elevator
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*If Applicable.