

The global Elevator Modernization Solutions 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.
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.
This report includes an overview of the development of the Elevator Modernization Solutions industry chain, the market status of Industrial (Power Units, Cabin Enclosures), Residential (Power Units, Cabin Enclosures), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Elevator Modernization Solutions.
Regionally, the report analyzes the Elevator Modernization Solutions 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 Solutions market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Elevator Modernization Solutions 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 Solutions 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., Power Units, Cabin Enclosures).
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 Solutions market.
Regional Analysis: The report involves examining the Elevator Modernization Solutions 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 Solutions 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 Solutions:
Company Analysis: Report covers individual Elevator Modernization Solutions 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 Modernization Solutions This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial, Residential).
Technology Analysis: Report covers specific technologies relevant to Elevator Modernization Solutions. It assesses the current state, advancements, and potential future developments in Elevator Modernization Solutions areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Elevator Modernization Solutions 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 Solutions 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
Power Units
Cabin Enclosures
Controllers and Signaling Fixtures
Door Equipment
Others
Market segment by Application
Industrial
Residential
Commercial
Others
Market segment by players, this report covers
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 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 Modernization Solutions product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Elevator Modernization Solutions, with revenue, gross margin and global market share of Elevator Modernization Solutions from 2019 to 2024.
Chapter 3, the Elevator Modernization Solutions 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 Modernization Solutions 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 Modernization Solutions.
Chapter 13, to describe Elevator Modernization Solutions 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 Solutions
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Elevator Modernization Solutions by Type
1.3.1 Overview: Global Elevator Modernization Solutions Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Elevator Modernization Solutions Consumption Value Market Share by Type in 2023
1.3.3 Power Units
1.3.4 Cabin Enclosures
1.3.5 Controllers and Signaling Fixtures
1.3.6 Door Equipment
1.3.7 Others
1.4 Global Elevator Modernization Solutions Market by Application
1.4.1 Overview: Global Elevator Modernization Solutions Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Industrial
1.4.3 Residential
1.4.4 Commercial
1.4.5 Others
1.5 Global Elevator Modernization Solutions Market Size & Forecast
1.6 Global Elevator Modernization Solutions Market Size and Forecast by Region
1.6.1 Global Elevator Modernization Solutions Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Elevator Modernization Solutions Market Size by Region, (2019-2030)
1.6.3 North America Elevator Modernization Solutions Market Size and Prospect (2019-2030)
1.6.4 Europe Elevator Modernization Solutions Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Elevator Modernization Solutions Market Size and Prospect (2019-2030)
1.6.6 South America Elevator Modernization Solutions Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Elevator Modernization Solutions Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 United Technologies Corporation
2.1.1 United Technologies Corporation Details
2.1.2 United Technologies Corporation Major Business
2.1.3 United Technologies Corporation Elevator Modernization Solutions Product and Solutions
2.1.4 United Technologies Corporation Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 United Technologies Corporation Recent Developments and Future Plans
2.2 KONE Corporation
2.2.1 KONE Corporation Details
2.2.2 KONE Corporation Major Business
2.2.3 KONE Corporation Elevator Modernization Solutions Product and Solutions
2.2.4 KONE Corporation Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 KONE Corporation Recent Developments and Future Plans
2.3 Schindler Holding Ltd.
2.3.1 Schindler Holding Ltd. Details
2.3.2 Schindler Holding Ltd. Major Business
2.3.3 Schindler Holding Ltd. Elevator Modernization Solutions Product and Solutions
2.3.4 Schindler Holding Ltd. Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Schindler Holding Ltd. Recent Developments and Future Plans
2.4 ThyssenKrupp AG
2.4.1 ThyssenKrupp AG Details
2.4.2 ThyssenKrupp AG Major Business
2.4.3 ThyssenKrupp AG Elevator Modernization Solutions Product and Solutions
2.4.4 ThyssenKrupp AG Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 ThyssenKrupp AG Recent Developments and Future Plans
2.5 Fujitec Co Ltd.
2.5.1 Fujitec Co Ltd. Details
2.5.2 Fujitec Co Ltd. Major Business
2.5.3 Fujitec Co Ltd. Elevator Modernization Solutions Product and Solutions
2.5.4 Fujitec Co Ltd. Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Fujitec Co Ltd. Recent Developments and Future Plans
2.6 Hitachi Ltd.
2.6.1 Hitachi Ltd. Details
2.6.2 Hitachi Ltd. Major Business
2.6.3 Hitachi Ltd. Elevator Modernization Solutions Product and Solutions
2.6.4 Hitachi Ltd. Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Hitachi Ltd. Recent Developments and Future Plans
2.7 Electra Elevators
2.7.1 Electra Elevators Details
2.7.2 Electra Elevators Major Business
2.7.3 Electra Elevators Elevator Modernization Solutions Product and Solutions
2.7.4 Electra Elevators Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Electra Elevators Recent Developments and Future Plans
2.8 Hyundai Elevator Co., Ltd
2.8.1 Hyundai Elevator Co., Ltd Details
2.8.2 Hyundai Elevator Co., Ltd Major Business
2.8.3 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Product and Solutions
2.8.4 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Hyundai Elevator Co., Ltd Recent Developments and Future Plans
2.9 Mitsubishi Electric Corporation
2.9.1 Mitsubishi Electric Corporation Details
2.9.2 Mitsubishi Electric Corporation Major Business
2.9.3 Mitsubishi Electric Corporation Elevator Modernization Solutions Product and Solutions
2.9.4 Mitsubishi Electric Corporation Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Mitsubishi Electric Corporation Recent Developments and Future Plans
2.10 Toshiba International Corporation
2.10.1 Toshiba International Corporation Details
2.10.2 Toshiba International Corporation Major Business
2.10.3 Toshiba International Corporation Elevator Modernization Solutions Product and Solutions
2.10.4 Toshiba International Corporation Elevator Modernization Solutions Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Toshiba International Corporation Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Elevator Modernization Solutions Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Elevator Modernization Solutions by Company Revenue
3.2.2 Top 3 Elevator Modernization Solutions Players Market Share in 2023
3.2.3 Top 6 Elevator Modernization Solutions Players Market Share in 2023
3.3 Elevator Modernization Solutions Market: Overall Company Footprint Analysis
3.3.1 Elevator Modernization Solutions Market: Region Footprint
3.3.2 Elevator Modernization Solutions Market: Company Product Type Footprint
3.3.3 Elevator Modernization Solutions 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 Modernization Solutions Consumption Value and Market Share by Type (2019-2024)
4.2 Global Elevator Modernization Solutions Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Elevator Modernization Solutions Consumption Value Market Share by Application (2019-2024)
5.2 Global Elevator Modernization Solutions Market Forecast by Application (2025-2030)
6 North America
6.1 North America Elevator Modernization Solutions Consumption Value by Type (2019-2030)
6.2 North America Elevator Modernization Solutions Consumption Value by Application (2019-2030)
6.3 North America Elevator Modernization Solutions Market Size by Country
6.3.1 North America Elevator Modernization Solutions Consumption Value by Country (2019-2030)
6.3.2 United States Elevator Modernization Solutions Market Size and Forecast (2019-2030)
6.3.3 Canada Elevator Modernization Solutions Market Size and Forecast (2019-2030)
6.3.4 Mexico Elevator Modernization Solutions Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Elevator Modernization Solutions Consumption Value by Type (2019-2030)
7.2 Europe Elevator Modernization Solutions Consumption Value by Application (2019-2030)
7.3 Europe Elevator Modernization Solutions Market Size by Country
7.3.1 Europe Elevator Modernization Solutions Consumption Value by Country (2019-2030)
7.3.2 Germany Elevator Modernization Solutions Market Size and Forecast (2019-2030)
7.3.3 France Elevator Modernization Solutions Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Elevator Modernization Solutions Market Size and Forecast (2019-2030)
7.3.5 Russia Elevator Modernization Solutions Market Size and Forecast (2019-2030)
7.3.6 Italy Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Elevator Modernization Solutions Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Elevator Modernization Solutions Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Elevator Modernization Solutions Market Size by Region
8.3.1 Asia-Pacific Elevator Modernization Solutions Consumption Value by Region (2019-2030)
8.3.2 China Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8.3.3 Japan Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8.3.4 South Korea Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8.3.5 India Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Elevator Modernization Solutions Market Size and Forecast (2019-2030)
8.3.7 Australia Elevator Modernization Solutions Market Size and Forecast (2019-2030)
9 South America
9.1 South America Elevator Modernization Solutions Consumption Value by Type (2019-2030)
9.2 South America Elevator Modernization Solutions Consumption Value by Application (2019-2030)
9.3 South America Elevator Modernization Solutions Market Size by Country
9.3.1 South America Elevator Modernization Solutions Consumption Value by Country (2019-2030)
9.3.2 Brazil Elevator Modernization Solutions Market Size and Forecast (2019-2030)
9.3.3 Argentina Elevator Modernization Solutions Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Elevator Modernization Solutions Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Elevator Modernization Solutions Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Elevator Modernization Solutions Market Size by Country
10.3.1 Middle East & Africa Elevator Modernization Solutions Consumption Value by Country (2019-2030)
10.3.2 Turkey Elevator Modernization Solutions Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Elevator Modernization Solutions Market Size and Forecast (2019-2030)
10.3.4 UAE Elevator Modernization Solutions Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Elevator Modernization Solutions Market Drivers
11.2 Elevator Modernization Solutions Market Restraints
11.3 Elevator Modernization Solutions 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 Modernization Solutions Industry Chain
12.2 Elevator Modernization Solutions Upstream Analysis
12.3 Elevator Modernization Solutions Midstream Analysis
12.4 Elevator Modernization Solutions Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
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
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*If Applicable.