
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.
The global market for Elevator Modernization Solutions was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
North American market for Elevator Modernization Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Elevator Modernization Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Europe market for Elevator Modernization Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global key companies of Elevator Modernization Solutions include United Technologies Corporation, KONE Corporation, Schindler Holding Ltd., ThyssenKrupp AG, Fujitec Co Ltd., Hitachi Ltd., Electra Elevators, Hyundai Elevator Co., Ltd and Mitsubishi Electric Corporation, etc. In 2023, the global five largest players hold a share approximately % in terms of revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Elevator Modernization Solutions, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Elevator Modernization Solutions by region & country, by Type, and by Application.
The Elevator Modernization Solutions market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator Modernization Solutions.
Market Segmentation
By Company
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
Segment by Type:
Power Units
Cabin Enclosures
Controllers and Signaling Fixtures
Door Equipment
Others
Segment by Application
Industrial
Residential
Commercial
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Elevator Modernization Solutions manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Elevator Modernization Solutions in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Elevator Modernization Solutions in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Elevator Modernization Solutions Product Introduction
1.2 Global Elevator Modernization Solutions Market Size Forecast
1.3 Elevator Modernization Solutions Market Trends & Drivers
1.3.1 Elevator Modernization Solutions Industry Trends
1.3.2 Elevator Modernization Solutions Market Drivers & Opportunity
1.3.3 Elevator Modernization Solutions Market Challenges
1.3.4 Elevator Modernization Solutions Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Elevator Modernization Solutions Players Revenue Ranking (2023)
2.2 Global Elevator Modernization Solutions Revenue by Company (2019-2024)
2.3 Key Companies Elevator Modernization Solutions Manufacturing Base Distribution and Headquarters
2.4 Key Companies Elevator Modernization Solutions Product Offered
2.5 Key Companies Time to Begin Mass Production of Elevator Modernization Solutions
2.6 Elevator Modernization Solutions Market Competitive Analysis
2.6.1 Elevator Modernization Solutions Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Elevator Modernization Solutions Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Elevator Modernization Solutions as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Power Units
3.1.2 Cabin Enclosures
3.1.3 Controllers and Signaling Fixtures
3.1.4 Door Equipment
3.1.5 Others
3.2 Global Elevator Modernization Solutions Sales Value by Type
3.2.1 Global Elevator Modernization Solutions Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Elevator Modernization Solutions Sales Value, by Type (2019-2030)
3.2.3 Global Elevator Modernization Solutions Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial
4.1.2 Residential
4.1.3 Commercial
4.1.4 Others
4.2 Global Elevator Modernization Solutions Sales Value by Application
4.2.1 Global Elevator Modernization Solutions Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Elevator Modernization Solutions Sales Value, by Application (2019-2030)
4.2.3 Global Elevator Modernization Solutions Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Elevator Modernization Solutions Sales Value by Region
5.1.1 Global Elevator Modernization Solutions Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Elevator Modernization Solutions Sales Value by Region (2019-2024)
5.1.3 Global Elevator Modernization Solutions Sales Value by Region (2025-2030)
5.1.4 Global Elevator Modernization Solutions Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Elevator Modernization Solutions Sales Value, 2019-2030
5.2.2 North America Elevator Modernization Solutions Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Elevator Modernization Solutions Sales Value, 2019-2030
5.3.2 Europe Elevator Modernization Solutions Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Elevator Modernization Solutions Sales Value, 2019-2030
5.4.2 Asia Pacific Elevator Modernization Solutions Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Elevator Modernization Solutions Sales Value, 2019-2030
5.5.2 South America Elevator Modernization Solutions Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Elevator Modernization Solutions Sales Value, 2019-2030
5.6.2 Middle East & Africa Elevator Modernization Solutions Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Elevator Modernization Solutions Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Elevator Modernization Solutions Sales Value
6.3 United States
6.3.1 United States Elevator Modernization Solutions Sales Value, 2019-2030
6.3.2 United States Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Elevator Modernization Solutions Sales Value, 2019-2030
6.4.2 Europe Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Elevator Modernization Solutions Sales Value, 2019-2030
6.5.2 China Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.5.3 China Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Elevator Modernization Solutions Sales Value, 2019-2030
6.6.2 Japan Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Elevator Modernization Solutions Sales Value, 2019-2030
6.7.2 South Korea Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Elevator Modernization Solutions Sales Value, 2019-2030
6.8.2 Southeast Asia Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Elevator Modernization Solutions Sales Value, 2019-2030
6.9.2 India Elevator Modernization Solutions Sales Value by Type (%), 2023 VS 2030
6.9.3 India Elevator Modernization Solutions Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 United Technologies Corporation
7.1.1 United Technologies Corporation Profile
7.1.2 United Technologies Corporation Main Business
7.1.3 United Technologies Corporation Elevator Modernization Solutions Products, Services and Solutions
7.1.4 United Technologies Corporation Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.1.5 United Technologies Corporation Recent Developments
7.2 KONE Corporation
7.2.1 KONE Corporation Profile
7.2.2 KONE Corporation Main Business
7.2.3 KONE Corporation Elevator Modernization Solutions Products, Services and Solutions
7.2.4 KONE Corporation Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.2.5 KONE Corporation Recent Developments
7.3 Schindler Holding Ltd.
7.3.1 Schindler Holding Ltd. Profile
7.3.2 Schindler Holding Ltd. Main Business
7.3.3 Schindler Holding Ltd. Elevator Modernization Solutions Products, Services and Solutions
7.3.4 Schindler Holding Ltd. Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.3.5 ThyssenKrupp AG Recent Developments
7.4 ThyssenKrupp AG
7.4.1 ThyssenKrupp AG Profile
7.4.2 ThyssenKrupp AG Main Business
7.4.3 ThyssenKrupp AG Elevator Modernization Solutions Products, Services and Solutions
7.4.4 ThyssenKrupp AG Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.4.5 ThyssenKrupp AG Recent Developments
7.5 Fujitec Co Ltd.
7.5.1 Fujitec Co Ltd. Profile
7.5.2 Fujitec Co Ltd. Main Business
7.5.3 Fujitec Co Ltd. Elevator Modernization Solutions Products, Services and Solutions
7.5.4 Fujitec Co Ltd. Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.5.5 Fujitec Co Ltd. Recent Developments
7.6 Hitachi Ltd.
7.6.1 Hitachi Ltd. Profile
7.6.2 Hitachi Ltd. Main Business
7.6.3 Hitachi Ltd. Elevator Modernization Solutions Products, Services and Solutions
7.6.4 Hitachi Ltd. Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.6.5 Hitachi Ltd. Recent Developments
7.7 Electra Elevators
7.7.1 Electra Elevators Profile
7.7.2 Electra Elevators Main Business
7.7.3 Electra Elevators Elevator Modernization Solutions Products, Services and Solutions
7.7.4 Electra Elevators Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.7.5 Electra Elevators Recent Developments
7.8 Hyundai Elevator Co., Ltd
7.8.1 Hyundai Elevator Co., Ltd Profile
7.8.2 Hyundai Elevator Co., Ltd Main Business
7.8.3 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Products, Services and Solutions
7.8.4 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.8.5 Hyundai Elevator Co., Ltd Recent Developments
7.9 Mitsubishi Electric Corporation
7.9.1 Mitsubishi Electric Corporation Profile
7.9.2 Mitsubishi Electric Corporation Main Business
7.9.3 Mitsubishi Electric Corporation Elevator Modernization Solutions Products, Services and Solutions
7.9.4 Mitsubishi Electric Corporation Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.9.5 Mitsubishi Electric Corporation Recent Developments
7.10 Toshiba International Corporation
7.10.1 Toshiba International Corporation Profile
7.10.2 Toshiba International Corporation Main Business
7.10.3 Toshiba International Corporation Elevator Modernization Solutions Products, Services and Solutions
7.10.4 Toshiba International Corporation Elevator Modernization Solutions Revenue (US$ Million) & (2019-2024)
7.10.5 Toshiba International Corporation Recent Developments
8 Industry Chain Analysis
8.1 Elevator Modernization Solutions Industrial Chain
8.2 Elevator Modernization Solutions Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Elevator Modernization Solutions Sales Model
8.5.2 Sales Channel
8.5.3 Elevator Modernization Solutions Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 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.
