The global Elevator Maintenance & Repair, New Installation & Modernization market size is predicted to grow from US$ 7917 million in 2025 to US$ 9689 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.
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.
Otis is the largest manufacturer. Its revenue of global market exceeds 14.22% in 2018. The next is KONE and Hitachi.
The 鈥淓levator Maintenance & Repair, New Installation & Modernization Industry Forecast鈥� looks at past sales and reviews total world Elevator Maintenance & Repair, New Installation & Modernization sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Maintenance & Repair, New Installation & Modernization sales for 2025 through 2031. 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 analyses 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鈥� 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.
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.
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
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Elevator Maintenance & Repair, New Installation & Modernization Market Size (2020-2031)
2.1.2 Elevator Maintenance & Repair, New Installation & Modernization Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Elevator Maintenance & Repair, New Installation & Modernization by Country/Region (2020, 2024 & 2031)
2.2 Elevator Maintenance & Repair, New Installation & Modernization Segment by Type
2.2.1 Maintenance & Repair
2.2.2 New Installation
2.2.3 Modernization
2.2.4 Others
2.3 Elevator Maintenance & Repair, New Installation & Modernization Market Size by Type
2.3.1 Elevator Maintenance & Repair, New Installation & Modernization Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Elevator Maintenance & Repair, New Installation & Modernization Market Size Market Share by Type (2020-2025)
2.4 Elevator Maintenance & Repair, New Installation & Modernization Segment by Application
2.4.1 Commercial
2.4.2 Residential
2.4.3 Others
2.5 Elevator Maintenance & Repair, New Installation & Modernization Market Size by Application
2.5.1 Elevator Maintenance & Repair, New Installation & Modernization Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Elevator Maintenance & Repair, New Installation & Modernization Market Size Market Share by Application (2020-2025)
3 Elevator Maintenance & Repair, New Installation & Modernization Market Size by Player
3.1 Elevator Maintenance & Repair, New Installation & Modernization Market Size Market Share by Player
3.1.1 Global Elevator Maintenance & Repair, New Installation & Modernization Revenue by Player (2020-2025)
3.1.2 Global Elevator Maintenance & Repair, New Installation & Modernization Revenue Market Share by Player (2020-2025)
3.2 Global Elevator Maintenance & Repair, New Installation & Modernization Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Elevator Maintenance & Repair, New Installation & Modernization by Region
4.1 Elevator Maintenance & Repair, New Installation & Modernization Market Size by Region (2020-2025)
4.2 Global Elevator Maintenance & Repair, New Installation & Modernization Annual Revenue by Country/Region (2020-2025)
4.3 Americas Elevator Maintenance & Repair, New Installation & Modernization Market Size Growth (2020-2025)
4.4 APAC Elevator Maintenance & Repair, New Installation & Modernization Market Size Growth (2020-2025)
4.5 Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size Growth (2020-2025)
4.6 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size Growth (2020-2025)
5 Americas
5.1 Americas Elevator Maintenance & Repair, New Installation & Modernization Market Size by Country (2020-2025)
5.2 Americas Elevator Maintenance & Repair, New Installation & Modernization Market Size by Type (2020-2025)
5.3 Americas Elevator Maintenance & Repair, New Installation & Modernization Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator Maintenance & Repair, New Installation & Modernization Market Size by Region (2020-2025)
6.2 APAC Elevator Maintenance & Repair, New Installation & Modernization Market Size by Type (2020-2025)
6.3 APAC Elevator Maintenance & Repair, New Installation & Modernization Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size by Country (2020-2025)
7.2 Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size by Type (2020-2025)
7.3 Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization by Region (2020-2025)
8.2 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size by Type (2020-2025)
8.3 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Elevator Maintenance & Repair, New Installation & Modernization Market Forecast
10.1 Global Elevator Maintenance & Repair, New Installation & Modernization Forecast by Region (2026-2031)
10.1.1 Global Elevator Maintenance & Repair, New Installation & Modernization Forecast by Region (2026-2031)
10.1.2 Americas Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.1.3 APAC Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.1.4 Europe Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.1.5 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.2 Americas Elevator Maintenance & Repair, New Installation & Modernization Forecast by Country (2026-2031)
10.2.1 United States Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.2.2 Canada Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.2.3 Mexico Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.2.4 Brazil Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.3 APAC Elevator Maintenance & Repair, New Installation & Modernization Forecast by Region (2026-2031)
10.3.1 China Elevator Maintenance & Repair, New Installation & Modernization Market Forecast
10.3.2 Japan Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.3.3 Korea Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.3.4 Southeast Asia Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.3.5 India Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.3.6 Australia Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.4 Europe Elevator Maintenance & Repair, New Installation & Modernization Forecast by Country (2026-2031)
10.4.1 Germany Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.4.2 France Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.4.3 UK Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.4.4 Italy Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.4.5 Russia Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.5 Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Forecast by Region (2026-2031)
10.5.1 Egypt Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.5.2 South Africa Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.5.3 Israel Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.5.4 Turkey Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
10.6 Global Elevator Maintenance & Repair, New Installation & Modernization Forecast by Type (2026-2031)
10.7 Global Elevator Maintenance & Repair, New Installation & Modernization Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Elevator Maintenance & Repair, New Installation & Modernization Forecast
11 Key Players Analysis
11.1 Otis
11.1.1 Otis Company Information
11.1.2 Otis Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.1.3 Otis Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 Otis Main Business Overview
11.1.5 Otis Latest Developments
11.2 KONE
11.2.1 KONE Company Information
11.2.2 KONE Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.2.3 KONE Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 KONE Main Business Overview
11.2.5 KONE Latest Developments
11.3 Hitachi
11.3.1 Hitachi Company Information
11.3.2 Hitachi Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.3.3 Hitachi Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Hitachi Main Business Overview
11.3.5 Hitachi Latest Developments
11.4 Fujitec
11.4.1 Fujitec Company Information
11.4.2 Fujitec Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.4.3 Fujitec Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Fujitec Main Business Overview
11.4.5 Fujitec Latest Developments
11.5 Bagby Elevator Company
11.5.1 Bagby Elevator Company Company Information
11.5.2 Bagby Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.5.3 Bagby Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Bagby Elevator Company Main Business Overview
11.5.5 Bagby Elevator Company Latest Developments
11.6 Syney Electric
11.6.1 Syney Electric Company Information
11.6.2 Syney Electric Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.6.3 Syney Electric Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Syney Electric Main Business Overview
11.6.5 Syney Electric Latest Developments
11.7 Schindler Elevator Corporation
11.7.1 Schindler Elevator Corporation Company Information
11.7.2 Schindler Elevator Corporation Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.7.3 Schindler Elevator Corporation Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Schindler Elevator Corporation Main Business Overview
11.7.5 Schindler Elevator Corporation Latest Developments
11.8 D&D Elevator
11.8.1 D&D Elevator Company Information
11.8.2 D&D Elevator Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.8.3 D&D Elevator Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 D&D Elevator Main Business Overview
11.8.5 D&D Elevator Latest Developments
11.9 EMR Elevator
11.9.1 EMR Elevator Company Information
11.9.2 EMR Elevator Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.9.3 EMR Elevator Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 EMR Elevator Main Business Overview
11.9.5 EMR Elevator Latest Developments
11.10 Orona
11.10.1 Orona Company Information
11.10.2 Orona Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.10.3 Orona Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Orona Main Business Overview
11.10.5 Orona Latest Developments
11.11 Eastern Elevators Group
11.11.1 Eastern Elevators Group Company Information
11.11.2 Eastern Elevators Group Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.11.3 Eastern Elevators Group Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 Eastern Elevators Group Main Business Overview
11.11.5 Eastern Elevators Group Latest Developments
11.12 Mid-American Elevator
11.12.1 Mid-American Elevator Company Information
11.12.2 Mid-American Elevator Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.12.3 Mid-American Elevator Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Mid-American Elevator Main Business Overview
11.12.5 Mid-American Elevator Latest Developments
11.13 HISA
11.13.1 HISA Company Information
11.13.2 HISA Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.13.3 HISA Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 HISA Main Business Overview
11.13.5 HISA Latest Developments
11.14 Century Elevator (BrandSafway)
11.14.1 Century Elevator (BrandSafway) Company Information
11.14.2 Century Elevator (BrandSafway) Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.14.3 Century Elevator (BrandSafway) Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Century Elevator (BrandSafway) Main Business Overview
11.14.5 Century Elevator (BrandSafway) Latest Developments
11.15 Asheville Elevator
11.15.1 Asheville Elevator Company Information
11.15.2 Asheville Elevator Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.15.3 Asheville Elevator Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 Asheville Elevator Main Business Overview
11.15.5 Asheville Elevator Latest Developments
11.16 Brandywine Elevator Company
11.16.1 Brandywine Elevator Company Company Information
11.16.2 Brandywine Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.16.3 Brandywine Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.16.4 Brandywine Elevator Company Main Business Overview
11.16.5 Brandywine Elevator Company Latest Developments
11.17 Veterans Development
11.17.1 Veterans Development Company Information
11.17.2 Veterans Development Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.17.3 Veterans Development Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.17.4 Veterans Development Main Business Overview
11.17.5 Veterans Development Latest Developments
11.18 Warren Elevator
11.18.1 Warren Elevator Company Information
11.18.2 Warren Elevator Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.18.3 Warren Elevator Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.18.4 Warren Elevator Main Business Overview
11.18.5 Warren Elevator Latest Developments
11.19 Pickerings Lifts
11.19.1 Pickerings Lifts Company Information
11.19.2 Pickerings Lifts Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.19.3 Pickerings Lifts Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.19.4 Pickerings Lifts Main Business Overview
11.19.5 Pickerings Lifts Latest Developments
11.20 Potomac Elevator Company
11.20.1 Potomac Elevator Company Company Information
11.20.2 Potomac Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Product Offered
11.20.3 Potomac Elevator Company Elevator Maintenance & Repair, New Installation & Modernization Revenue, Gross Margin and Market Share (2020-2025)
11.20.4 Potomac Elevator Company Main Business Overview
11.20.5 Potomac Elevator Company Latest Developments
12 Research Findings and Conclusion
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*If Applicable.