
Highlights
The global Elevators Modernization market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Elevators Modernization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Elevators Modernization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Elevators Modernization in Transportation is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Elevators Modernization include Hitachi Ltd, Hyundai Elevator Co., Ltd., Doppler S.A., Fujitec Co.,Ltd, Sematic S.p.A, ThyssenKrupp Elevator AG, Schindler Group, Johnson Lifts Private Ltd and Magnetek, Inc., etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Elevators Modernization, 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 Elevators Modernization.
The Elevators Modernization market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Elevators Modernization market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Elevators Modernization companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Hitachi Ltd
Hyundai Elevator Co., Ltd.
Doppler S.A.
Fujitec Co.,Ltd
Sematic S.p.A
ThyssenKrupp Elevator AG
Schindler Group
Johnson Lifts Private Ltd
Magnetek, Inc.
Richmond Elevator (REM)
Wittur Group
Mitsubishi Electric
Otis Elevator Company
KONE Corporation
Toshiba Elevator and Building Systems Corporation (TOSHIBA)
Segment by Type
Hydraulic
Traction
Segment by Application
Transportation
Industrial
Residential Buildings
Institutional
Marine
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Elevators Modernization companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Elevators Modernization Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Hydraulic
1.2.3 Traction
1.3 Market by Application
1.3.1 Global Elevators Modernization Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Transportation
1.3.3 Industrial
1.3.4 Residential Buildings
1.3.5 Institutional
1.3.6 Marine
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Elevators Modernization Market Perspective (2018-2029)
2.2 Elevators Modernization Growth Trends by Region
2.2.1 Global Elevators Modernization Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Elevators Modernization Historic Market Size by Region (2018-2023)
2.2.3 Elevators Modernization Forecasted Market Size by Region (2024-2029)
2.3 Elevators Modernization Market Dynamics
2.3.1 Elevators Modernization Industry Trends
2.3.2 Elevators Modernization Market Drivers
2.3.3 Elevators Modernization Market Challenges
2.3.4 Elevators Modernization Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Elevators Modernization Players by Revenue
3.1.1 Global Top Elevators Modernization Players by Revenue (2018-2023)
3.1.2 Global Elevators Modernization Revenue Market Share by Players (2018-2023)
3.2 Global Elevators Modernization Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Elevators Modernization Revenue
3.4 Global Elevators Modernization Market Concentration Ratio
3.4.1 Global Elevators Modernization Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Elevators Modernization Revenue in 2022
3.5 Elevators Modernization Key Players Head office and Area Served
3.6 Key Players Elevators Modernization Product Solution and Service
3.7 Date of Enter into Elevators Modernization Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Elevators Modernization Breakdown Data by Type
4.1 Global Elevators Modernization Historic Market Size by Type (2018-2023)
4.2 Global Elevators Modernization Forecasted Market Size by Type (2024-2029)
5 Elevators Modernization Breakdown Data by Application
5.1 Global Elevators Modernization Historic Market Size by Application (2018-2023)
5.2 Global Elevators Modernization Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Elevators Modernization Market Size (2018-2029)
6.2 North America Elevators Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Elevators Modernization Market Size by Country (2018-2023)
6.4 North America Elevators Modernization Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Elevators Modernization Market Size (2018-2029)
7.2 Europe Elevators Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Elevators Modernization Market Size by Country (2018-2023)
7.4 Europe Elevators Modernization Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Elevators Modernization Market Size (2018-2029)
8.2 Asia-Pacific Elevators Modernization Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Elevators Modernization Market Size by Region (2018-2023)
8.4 Asia-Pacific Elevators Modernization Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Elevators Modernization Market Size (2018-2029)
9.2 Latin America Elevators Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Elevators Modernization Market Size by Country (2018-2023)
9.4 Latin America Elevators Modernization Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Elevators Modernization Market Size (2018-2029)
10.2 Middle East & Africa Elevators Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Elevators Modernization Market Size by Country (2018-2023)
10.4 Middle East & Africa Elevators Modernization Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Hitachi Ltd
11.1.1 Hitachi Ltd Company Detail
11.1.2 Hitachi Ltd Business Overview
11.1.3 Hitachi Ltd Elevators Modernization Introduction
11.1.4 Hitachi Ltd Revenue in Elevators Modernization Business (2018-2023)
11.1.5 Hitachi Ltd Recent Development
11.2 Hyundai Elevator Co., Ltd.
11.2.1 Hyundai Elevator Co., Ltd. Company Detail
11.2.2 Hyundai Elevator Co., Ltd. Business Overview
11.2.3 Hyundai Elevator Co., Ltd. Elevators Modernization Introduction
11.2.4 Hyundai Elevator Co., Ltd. Revenue in Elevators Modernization Business (2018-2023)
11.2.5 Hyundai Elevator Co., Ltd. Recent Development
11.3 Doppler S.A.
11.3.1 Doppler S.A. Company Detail
11.3.2 Doppler S.A. Business Overview
11.3.3 Doppler S.A. Elevators Modernization Introduction
11.3.4 Doppler S.A. Revenue in Elevators Modernization Business (2018-2023)
11.3.5 Doppler S.A. Recent Development
11.4 Fujitec Co.,Ltd
11.4.1 Fujitec Co.,Ltd Company Detail
11.4.2 Fujitec Co.,Ltd Business Overview
11.4.3 Fujitec Co.,Ltd Elevators Modernization Introduction
11.4.4 Fujitec Co.,Ltd Revenue in Elevators Modernization Business (2018-2023)
11.4.5 Fujitec Co.,Ltd Recent Development
11.5 Sematic S.p.A
11.5.1 Sematic S.p.A Company Detail
11.5.2 Sematic S.p.A Business Overview
11.5.3 Sematic S.p.A Elevators Modernization Introduction
11.5.4 Sematic S.p.A Revenue in Elevators Modernization Business (2018-2023)
11.5.5 Sematic S.p.A Recent Development
11.6 ThyssenKrupp Elevator AG
11.6.1 ThyssenKrupp Elevator AG Company Detail
11.6.2 ThyssenKrupp Elevator AG Business Overview
11.6.3 ThyssenKrupp Elevator AG Elevators Modernization Introduction
11.6.4 ThyssenKrupp Elevator AG Revenue in Elevators Modernization Business (2018-2023)
11.6.5 ThyssenKrupp Elevator AG Recent Development
11.7 Schindler Group
11.7.1 Schindler Group Company Detail
11.7.2 Schindler Group Business Overview
11.7.3 Schindler Group Elevators Modernization Introduction
11.7.4 Schindler Group Revenue in Elevators Modernization Business (2018-2023)
11.7.5 Schindler Group Recent Development
11.8 Johnson Lifts Private Ltd
11.8.1 Johnson Lifts Private Ltd Company Detail
11.8.2 Johnson Lifts Private Ltd Business Overview
11.8.3 Johnson Lifts Private Ltd Elevators Modernization Introduction
11.8.4 Johnson Lifts Private Ltd Revenue in Elevators Modernization Business (2018-2023)
11.8.5 Johnson Lifts Private Ltd Recent Development
11.9 Magnetek, Inc.
11.9.1 Magnetek, Inc. Company Detail
11.9.2 Magnetek, Inc. Business Overview
11.9.3 Magnetek, Inc. Elevators Modernization Introduction
11.9.4 Magnetek, Inc. Revenue in Elevators Modernization Business (2018-2023)
11.9.5 Magnetek, Inc. Recent Development
11.10 Richmond Elevator (REM)
11.10.1 Richmond Elevator (REM) Company Detail
11.10.2 Richmond Elevator (REM) Business Overview
11.10.3 Richmond Elevator (REM) Elevators Modernization Introduction
11.10.4 Richmond Elevator (REM) Revenue in Elevators Modernization Business (2018-2023)
11.10.5 Richmond Elevator (REM) Recent Development
11.11 Wittur Group
11.11.1 Wittur Group Company Detail
11.11.2 Wittur Group Business Overview
11.11.3 Wittur Group Elevators Modernization Introduction
11.11.4 Wittur Group Revenue in Elevators Modernization Business (2018-2023)
11.11.5 Wittur Group Recent Development
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Detail
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric Elevators Modernization Introduction
11.12.4 Mitsubishi Electric Revenue in Elevators Modernization Business (2018-2023)
11.12.5 Mitsubishi Electric Recent Development
11.13 Otis Elevator Company
11.13.1 Otis Elevator Company Company Detail
11.13.2 Otis Elevator Company Business Overview
11.13.3 Otis Elevator Company Elevators Modernization Introduction
11.13.4 Otis Elevator Company Revenue in Elevators Modernization Business (2018-2023)
11.13.5 Otis Elevator Company Recent Development
11.14 KONE Corporation
11.14.1 KONE Corporation Company Detail
11.14.2 KONE Corporation Business Overview
11.14.3 KONE Corporation Elevators Modernization Introduction
11.14.4 KONE Corporation Revenue in Elevators Modernization Business (2018-2023)
11.14.5 KONE Corporation Recent Development
11.15 Toshiba Elevator and Building Systems Corporation (TOSHIBA)
11.15.1 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Company Detail
11.15.2 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Business Overview
11.15.3 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Elevators Modernization Introduction
11.15.4 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Revenue in Elevators Modernization Business (2018-2023)
11.15.5 Toshiba Elevator and Building Systems Corporation (TOSHIBA) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Hitachi Ltd
Hyundai Elevator Co., Ltd.
Doppler S.A.
Fujitec Co.,Ltd
Sematic S.p.A
ThyssenKrupp Elevator AG
Schindler Group
Johnson Lifts Private Ltd
Magnetek, Inc.
Richmond Elevator (REM)
Wittur Group
Mitsubishi Electric
Otis Elevator Company
KONE Corporation
Toshiba Elevator and Building Systems Corporation (TOSHIBA)
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*If Applicable.
