Elevator Modernization Solutions Comprehensive Study by Application (Residential, Commercial), Type (Hydraulic, Traction, Vacuum, Others), Service (Repair, Maintenance/inspections, Testing, Other), Component (Hardware, • Traction Machine, • Control Panel, • Other, Software) Players and Region - Global Market Outlook to 2028

Elevator Modernization Solutions Market by XX Submarkets | Forecast Years 2023-2028  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Elevator Modernization Solutions
Elevator Modernization Solutions is one type of vertical transportation for raising and lowering people or things from different levels in a modernized building is an elevator. There are two types o Elevator Modernization elevators such as traction and hydraulic. Elevator modernization includes two different forms partial modernization and full modernization. The main feature of Elevator modernization is to decreases energy consumption increase property values and improve overall passenger safety. Geographically, Europe is leading for higher production for elevators as well as demand for the market is triggering at a rapid speed over the upcoming year

AttributesDetails
Study Period2018-2028
Base Year2022
UnitValue (USD Million)


A large number of companies are exploring the market by adopting new technology as well as mergers & acquisitions, expansions, investments, new development, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow on a large scale in residential and commercial spaces. It has wide application in various end-use industries. Several companies such as kone, Fujitec, Otis are operating in the market to provide customers with various features & unique offering products and services. The market is a partially fragmented market with the presence of several market players and local players. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

KONE (Finland), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), VRS Elevators (India), Stanley Elevator Company Inc (United States), Elevating Studio (Singapore), KLEEMANN (Greece), Eros Elevators (India), Liftavator, Inc (United States), Fujitec (Japan), Hitachi (Japan), Otis (United States), Toshiba (Japan), Thyssenkrupp (Germany) and Others are some of the key players that are part of study coverage.

Segmentation Overview
AMA Research has segmented the market of Global Elevator Modernization Solutions market by , Application (Residential and Commercial) and Region.



On the basis of geography, the market of Elevator Modernization Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Hydraulic will boost the Elevator Modernization Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Repair will boost the Elevator Modernization Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Elevator Modernization Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Increasing advancement in Elevator Technology

Market Growth Drivers:
Rapidly growing modernization is another factor driving market growth

Challenges:
Large number installation cost and skilled labor is requirement

Restraints:
Large number of damage leakage in hydraulic elevator

Opportunities:
Due to rapid urbanization, the demand for Elevator Modernization in the construction sector is huge

Market Leaders and their expansionary development strategies
On June 2021 TK Elevator has acquired Accurate Elevator
On March 2021 KONE Elevator has launched the world's first digitally connected Elevators


Key Target Audience
Elevator Modernization OEM (Original Equipment Manufacturer), Elevator Modernization Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Application
  • Residential
  • Commercial
By Type
  • Hydraulic
  • Traction
  • Vacuum
  • Others

By Service
  • Repair
  • Maintenance/inspections
  • Testing
  • Other

By Component
  • Hardware
  • • Traction Machine
  • • Control Panel
  • • Other
  • Software

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Rapidly growing modernization is another factor driving market growth
    • 3.3. Market Challenges
      • 3.3.1. Large number installation cost and skilled labor is requirement
    • 3.4. Market Trends
      • 3.4.1. Increasing advancement in Elevator Technology
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Elevator Modernization Solutions, by Application, Type, Service, Component and Region (value and price ) (2017-2022)
    • 5.1. Introduction
    • 5.2. Global Elevator Modernization Solutions (Value)
      • 5.2.1. Global Elevator Modernization Solutions by: Type (Value)
        • 5.2.1.1. Hydraulic
        • 5.2.1.2. Traction
        • 5.2.1.3. Vacuum
        • 5.2.1.4. Others
      • 5.2.2. Global Elevator Modernization Solutions by: Application (Value)
        • 5.2.2.1. Residential
        • 5.2.2.2. Commercial
      • 5.2.3. Global Elevator Modernization Solutions by: Type (Value)
        • 5.2.3.1. Hydraulic
        • 5.2.3.2. Traction
        • 5.2.3.3. Vacuum
        • 5.2.3.4. Others
      • 5.2.4. Global Elevator Modernization Solutions by: Service (Value)
        • 5.2.4.1. Repair
        • 5.2.4.2. Maintenance/inspections
        • 5.2.4.3. Testing
        • 5.2.4.4. Other
      • 5.2.5. Global Elevator Modernization Solutions by: Component (Value)
        • 5.2.5.1. Hardware
        • 5.2.5.2. • Traction Machine
        • 5.2.5.3. • Control Panel
        • 5.2.5.4. • Other
        • 5.2.5.5. Software
      • 5.2.6. Global Elevator Modernization Solutions Region
        • 5.2.6.1. South America
          • 5.2.6.1.1. Brazil
          • 5.2.6.1.2. Argentina
          • 5.2.6.1.3. Rest of South America
        • 5.2.6.2. Asia Pacific
          • 5.2.6.2.1. China
          • 5.2.6.2.2. Japan
          • 5.2.6.2.3. India
          • 5.2.6.2.4. South Korea
          • 5.2.6.2.5. Taiwan
          • 5.2.6.2.6. Australia
          • 5.2.6.2.7. Rest of Asia-Pacific
        • 5.2.6.3. Europe
          • 5.2.6.3.1. Germany
          • 5.2.6.3.2. France
          • 5.2.6.3.3. Italy
          • 5.2.6.3.4. United Kingdom
          • 5.2.6.3.5. Netherlands
          • 5.2.6.3.6. Rest of Europe
        • 5.2.6.4. MEA
          • 5.2.6.4.1. Middle East
          • 5.2.6.4.2. Africa
        • 5.2.6.5. North America
          • 5.2.6.5.1. United States
          • 5.2.6.5.2. Canada
          • 5.2.6.5.3. Mexico
    • 5.3. Global Elevator Modernization Solutions (Price)
  • 6. Elevator Modernization Solutions: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2022)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. KONE (Finland)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Schindler (Switzerland)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Mitsubishi Electric Corporation (Japan)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. VRS Elevators (India)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Stanley Elevator Company Inc (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Elevating Studio (Singapore)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. KLEEMANN (Greece)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Eros Elevators (India)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Liftavator, Inc (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Fujitec (Japan)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Hitachi (Japan)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. Otis (United States)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
      • 6.4.13. Toshiba (Japan)
        • 6.4.13.1. Business Overview
        • 6.4.13.2. Products/Services Offerings
        • 6.4.13.3. Financial Analysis
        • 6.4.13.4. SWOT Analysis
      • 6.4.14. Thyssenkrupp (Germany)
        • 6.4.14.1. Business Overview
        • 6.4.14.2. Products/Services Offerings
        • 6.4.14.3. Financial Analysis
        • 6.4.14.4. SWOT Analysis
      • 6.4.15. Others
        • 6.4.15.1. Business Overview
        • 6.4.15.2. Products/Services Offerings
        • 6.4.15.3. Financial Analysis
        • 6.4.15.4. SWOT Analysis
  • 7. Global Elevator Modernization Solutions Sale, by Application, Type, Service, Component and Region (value and price ) (2023-2028)
    • 7.1. Introduction
    • 7.2. Global Elevator Modernization Solutions (Value)
      • 7.2.1. Global Elevator Modernization Solutions by: Type (Value)
        • 7.2.1.1. Hydraulic
        • 7.2.1.2. Traction
        • 7.2.1.3. Vacuum
        • 7.2.1.4. Others
      • 7.2.2. Global Elevator Modernization Solutions by: Application (Value)
        • 7.2.2.1. Residential
        • 7.2.2.2. Commercial
      • 7.2.3. Global Elevator Modernization Solutions by: Type (Value)
        • 7.2.3.1. Hydraulic
        • 7.2.3.2. Traction
        • 7.2.3.3. Vacuum
        • 7.2.3.4. Others
      • 7.2.4. Global Elevator Modernization Solutions by: Service (Value)
        • 7.2.4.1. Repair
        • 7.2.4.2. Maintenance/inspections
        • 7.2.4.3. Testing
        • 7.2.4.4. Other
      • 7.2.5. Global Elevator Modernization Solutions by: Component (Value)
        • 7.2.5.1. Hardware
        • 7.2.5.2. • Traction Machine
        • 7.2.5.3. • Control Panel
        • 7.2.5.4. • Other
        • 7.2.5.5. Software
      • 7.2.6. Global Elevator Modernization Solutions Region
        • 7.2.6.1. South America
          • 7.2.6.1.1. Brazil
          • 7.2.6.1.2. Argentina
          • 7.2.6.1.3. Rest of South America
        • 7.2.6.2. Asia Pacific
          • 7.2.6.2.1. China
          • 7.2.6.2.2. Japan
          • 7.2.6.2.3. India
          • 7.2.6.2.4. South Korea
          • 7.2.6.2.5. Taiwan
          • 7.2.6.2.6. Australia
          • 7.2.6.2.7. Rest of Asia-Pacific
        • 7.2.6.3. Europe
          • 7.2.6.3.1. Germany
          • 7.2.6.3.2. France
          • 7.2.6.3.3. Italy
          • 7.2.6.3.4. United Kingdom
          • 7.2.6.3.5. Netherlands
          • 7.2.6.3.6. Rest of Europe
        • 7.2.6.4. MEA
          • 7.2.6.4.1. Middle East
          • 7.2.6.4.2. Africa
        • 7.2.6.5. North America
          • 7.2.6.5.1. United States
          • 7.2.6.5.2. Canada
          • 7.2.6.5.3. Mexico
    • 7.3. Global Elevator Modernization Solutions (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Elevator Modernization Solutions: by Type(USD Million)
  • Table 2. Elevator Modernization Solutions Hydraulic , by Region USD Million (2017-2022)
  • Table 3. Elevator Modernization Solutions Traction , by Region USD Million (2017-2022)
  • Table 4. Elevator Modernization Solutions Vacuum , by Region USD Million (2017-2022)
  • Table 5. Elevator Modernization Solutions Others , by Region USD Million (2017-2022)
  • Table 6. Elevator Modernization Solutions: by Application(USD Million)
  • Table 7. Elevator Modernization Solutions Residential , by Region USD Million (2017-2022)
  • Table 8. Elevator Modernization Solutions Commercial , by Region USD Million (2017-2022)
  • Table 9. Elevator Modernization Solutions: by Type(USD Million)
  • Table 10. Elevator Modernization Solutions Hydraulic , by Region USD Million (2017-2022)
  • Table 11. Elevator Modernization Solutions Traction , by Region USD Million (2017-2022)
  • Table 12. Elevator Modernization Solutions Vacuum , by Region USD Million (2017-2022)
  • Table 13. Elevator Modernization Solutions Others , by Region USD Million (2017-2022)
  • Table 14. Elevator Modernization Solutions: by Service(USD Million)
  • Table 15. Elevator Modernization Solutions Repair , by Region USD Million (2017-2022)
  • Table 16. Elevator Modernization Solutions Maintenance/inspections , by Region USD Million (2017-2022)
  • Table 17. Elevator Modernization Solutions Testing , by Region USD Million (2017-2022)
  • Table 18. Elevator Modernization Solutions Other , by Region USD Million (2017-2022)
  • Table 19. Elevator Modernization Solutions: by Component(USD Million)
  • Table 20. Elevator Modernization Solutions Hardware , by Region USD Million (2017-2022)
  • Table 21. Elevator Modernization Solutions • Traction Machine , by Region USD Million (2017-2022)
  • Table 22. Elevator Modernization Solutions • Control Panel , by Region USD Million (2017-2022)
  • Table 23. Elevator Modernization Solutions • Other , by Region USD Million (2017-2022)
  • Table 24. Elevator Modernization Solutions Software , by Region USD Million (2017-2022)
  • Table 25. South America Elevator Modernization Solutions, by Country USD Million (2017-2022)
  • Table 26. South America Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 27. South America Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 28. South America Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 29. South America Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 30. Brazil Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 31. Brazil Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 32. Brazil Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 33. Brazil Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 34. Argentina Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 35. Argentina Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 36. Argentina Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 37. Argentina Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 38. Rest of South America Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 39. Rest of South America Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 40. Rest of South America Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 41. Rest of South America Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 42. Asia Pacific Elevator Modernization Solutions, by Country USD Million (2017-2022)
  • Table 43. Asia Pacific Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 44. Asia Pacific Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 45. Asia Pacific Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 46. Asia Pacific Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 47. China Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 48. China Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 49. China Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 50. China Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 51. Japan Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 52. Japan Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 53. Japan Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 54. Japan Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 55. India Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 56. India Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 57. India Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 58. India Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 59. South Korea Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 60. South Korea Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 61. South Korea Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 62. South Korea Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 63. Taiwan Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 64. Taiwan Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 65. Taiwan Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 66. Taiwan Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 67. Australia Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 68. Australia Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 69. Australia Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 70. Australia Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 71. Rest of Asia-Pacific Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 72. Rest of Asia-Pacific Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 73. Rest of Asia-Pacific Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 74. Rest of Asia-Pacific Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 75. Europe Elevator Modernization Solutions, by Country USD Million (2017-2022)
  • Table 76. Europe Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 77. Europe Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 78. Europe Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 79. Europe Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 80. Germany Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 81. Germany Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 82. Germany Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 83. Germany Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 84. France Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 85. France Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 86. France Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 87. France Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 88. Italy Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 89. Italy Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 90. Italy Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 91. Italy Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 92. United Kingdom Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 93. United Kingdom Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 94. United Kingdom Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 95. United Kingdom Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 96. Netherlands Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 97. Netherlands Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 98. Netherlands Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 99. Netherlands Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 100. Rest of Europe Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 101. Rest of Europe Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 102. Rest of Europe Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 103. Rest of Europe Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 104. MEA Elevator Modernization Solutions, by Country USD Million (2017-2022)
  • Table 105. MEA Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 106. MEA Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 107. MEA Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 108. MEA Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 109. Middle East Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 110. Middle East Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 111. Middle East Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 112. Middle East Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 113. Africa Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 114. Africa Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 115. Africa Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 116. Africa Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 117. North America Elevator Modernization Solutions, by Country USD Million (2017-2022)
  • Table 118. North America Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 119. North America Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 120. North America Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 121. North America Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 122. United States Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 123. United States Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 124. United States Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 125. United States Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 126. Canada Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 127. Canada Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 128. Canada Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 129. Canada Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 130. Mexico Elevator Modernization Solutions, by Application USD Million (2017-2022)
  • Table 131. Mexico Elevator Modernization Solutions, by Type USD Million (2017-2022)
  • Table 132. Mexico Elevator Modernization Solutions, by Service USD Million (2017-2022)
  • Table 133. Mexico Elevator Modernization Solutions, by Component USD Million (2017-2022)
  • Table 134. Company Basic Information, Sales Area and Its Competitors
  • Table 135. Company Basic Information, Sales Area and Its Competitors
  • Table 136. Company Basic Information, Sales Area and Its Competitors
  • Table 137. Company Basic Information, Sales Area and Its Competitors
  • Table 138. Company Basic Information, Sales Area and Its Competitors
  • Table 139. Company Basic Information, Sales Area and Its Competitors
  • Table 140. Company Basic Information, Sales Area and Its Competitors
  • Table 141. Company Basic Information, Sales Area and Its Competitors
  • Table 142. Company Basic Information, Sales Area and Its Competitors
  • Table 143. Company Basic Information, Sales Area and Its Competitors
  • Table 144. Company Basic Information, Sales Area and Its Competitors
  • Table 145. Company Basic Information, Sales Area and Its Competitors
  • Table 146. Company Basic Information, Sales Area and Its Competitors
  • Table 147. Company Basic Information, Sales Area and Its Competitors
  • Table 148. Company Basic Information, Sales Area and Its Competitors
  • Table 149. Elevator Modernization Solutions: by Type(USD Million)
  • Table 150. Elevator Modernization Solutions Hydraulic , by Region USD Million (2023-2028)
  • Table 151. Elevator Modernization Solutions Traction , by Region USD Million (2023-2028)
  • Table 152. Elevator Modernization Solutions Vacuum , by Region USD Million (2023-2028)
  • Table 153. Elevator Modernization Solutions Others , by Region USD Million (2023-2028)
  • Table 154. Elevator Modernization Solutions: by Application(USD Million)
  • Table 155. Elevator Modernization Solutions Residential , by Region USD Million (2023-2028)
  • Table 156. Elevator Modernization Solutions Commercial , by Region USD Million (2023-2028)
  • Table 157. Elevator Modernization Solutions: by Type(USD Million)
  • Table 158. Elevator Modernization Solutions Hydraulic , by Region USD Million (2023-2028)
  • Table 159. Elevator Modernization Solutions Traction , by Region USD Million (2023-2028)
  • Table 160. Elevator Modernization Solutions Vacuum , by Region USD Million (2023-2028)
  • Table 161. Elevator Modernization Solutions Others , by Region USD Million (2023-2028)
  • Table 162. Elevator Modernization Solutions: by Service(USD Million)
  • Table 163. Elevator Modernization Solutions Repair , by Region USD Million (2023-2028)
  • Table 164. Elevator Modernization Solutions Maintenance/inspections , by Region USD Million (2023-2028)
  • Table 165. Elevator Modernization Solutions Testing , by Region USD Million (2023-2028)
  • Table 166. Elevator Modernization Solutions Other , by Region USD Million (2023-2028)
  • Table 167. Elevator Modernization Solutions: by Component(USD Million)
  • Table 168. Elevator Modernization Solutions Hardware , by Region USD Million (2023-2028)
  • Table 169. Elevator Modernization Solutions • Traction Machine , by Region USD Million (2023-2028)
  • Table 170. Elevator Modernization Solutions • Control Panel , by Region USD Million (2023-2028)
  • Table 171. Elevator Modernization Solutions • Other , by Region USD Million (2023-2028)
  • Table 172. Elevator Modernization Solutions Software , by Region USD Million (2023-2028)
  • Table 173. South America Elevator Modernization Solutions, by Country USD Million (2023-2028)
  • Table 174. South America Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 175. South America Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 176. South America Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 177. South America Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 178. Brazil Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 179. Brazil Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 180. Brazil Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 181. Brazil Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 182. Argentina Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 183. Argentina Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 184. Argentina Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 185. Argentina Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 186. Rest of South America Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 187. Rest of South America Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 188. Rest of South America Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 189. Rest of South America Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 190. Asia Pacific Elevator Modernization Solutions, by Country USD Million (2023-2028)
  • Table 191. Asia Pacific Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 192. Asia Pacific Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 193. Asia Pacific Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 194. Asia Pacific Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 195. China Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 196. China Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 197. China Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 198. China Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 199. Japan Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 200. Japan Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 201. Japan Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 202. Japan Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 203. India Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 204. India Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 205. India Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 206. India Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 207. South Korea Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 208. South Korea Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 209. South Korea Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 210. South Korea Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 211. Taiwan Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 212. Taiwan Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 213. Taiwan Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 214. Taiwan Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 215. Australia Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 216. Australia Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 217. Australia Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 218. Australia Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 219. Rest of Asia-Pacific Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 220. Rest of Asia-Pacific Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 221. Rest of Asia-Pacific Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 222. Rest of Asia-Pacific Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 223. Europe Elevator Modernization Solutions, by Country USD Million (2023-2028)
  • Table 224. Europe Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 225. Europe Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 226. Europe Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 227. Europe Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 228. Germany Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 229. Germany Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 230. Germany Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 231. Germany Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 232. France Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 233. France Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 234. France Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 235. France Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 236. Italy Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 237. Italy Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 238. Italy Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 239. Italy Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 240. United Kingdom Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 241. United Kingdom Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 242. United Kingdom Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 243. United Kingdom Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 244. Netherlands Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 245. Netherlands Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 246. Netherlands Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 247. Netherlands Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 248. Rest of Europe Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 249. Rest of Europe Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 250. Rest of Europe Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 251. Rest of Europe Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 252. MEA Elevator Modernization Solutions, by Country USD Million (2023-2028)
  • Table 253. MEA Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 254. MEA Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 255. MEA Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 256. MEA Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 257. Middle East Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 258. Middle East Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 259. Middle East Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 260. Middle East Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 261. Africa Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 262. Africa Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 263. Africa Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 264. Africa Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 265. North America Elevator Modernization Solutions, by Country USD Million (2023-2028)
  • Table 266. North America Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 267. North America Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 268. North America Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 269. North America Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 270. United States Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 271. United States Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 272. United States Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 273. United States Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 274. Canada Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 275. Canada Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 276. Canada Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 277. Canada Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 278. Mexico Elevator Modernization Solutions, by Application USD Million (2023-2028)
  • Table 279. Mexico Elevator Modernization Solutions, by Type USD Million (2023-2028)
  • Table 280. Mexico Elevator Modernization Solutions, by Service USD Million (2023-2028)
  • Table 281. Mexico Elevator Modernization Solutions, by Component USD Million (2023-2028)
  • Table 282. Research Programs/Design for This Report
  • Table 283. Key Data Information from Secondary Sources
  • Table 284. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Elevator Modernization Solutions: by Type USD Million (2017-2022)
  • Figure 5. Global Elevator Modernization Solutions: by Application USD Million (2017-2022)
  • Figure 6. Global Elevator Modernization Solutions: by Type USD Million (2017-2022)
  • Figure 7. Global Elevator Modernization Solutions: by Service USD Million (2017-2022)
  • Figure 8. Global Elevator Modernization Solutions: by Component USD Million (2017-2022)
  • Figure 9. South America Elevator Modernization Solutions Share (%), by Country
  • Figure 10. Asia Pacific Elevator Modernization Solutions Share (%), by Country
  • Figure 11. Europe Elevator Modernization Solutions Share (%), by Country
  • Figure 12. MEA Elevator Modernization Solutions Share (%), by Country
  • Figure 13. North America Elevator Modernization Solutions Share (%), by Country
  • Figure 14. Global Elevator Modernization Solutions share by Players 2022 (%)
  • Figure 15. Global Elevator Modernization Solutions share by Players (Top 3) 2022(%)
  • Figure 16. Global Elevator Modernization Solutions share by Players (Top 5) 2022(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. KONE (Finland) Revenue, Net Income and Gross profit
  • Figure 19. KONE (Finland) Revenue: by Geography 2022
  • Figure 20. Schindler (Switzerland) Revenue, Net Income and Gross profit
  • Figure 21. Schindler (Switzerland) Revenue: by Geography 2022
  • Figure 22. Mitsubishi Electric Corporation (Japan) Revenue, Net Income and Gross profit
  • Figure 23. Mitsubishi Electric Corporation (Japan) Revenue: by Geography 2022
  • Figure 24. VRS Elevators (India) Revenue, Net Income and Gross profit
  • Figure 25. VRS Elevators (India) Revenue: by Geography 2022
  • Figure 26. Stanley Elevator Company Inc (United States) Revenue, Net Income and Gross profit
  • Figure 27. Stanley Elevator Company Inc (United States) Revenue: by Geography 2022
  • Figure 28. Elevating Studio (Singapore) Revenue, Net Income and Gross profit
  • Figure 29. Elevating Studio (Singapore) Revenue: by Geography 2022
  • Figure 30. KLEEMANN (Greece) Revenue, Net Income and Gross profit
  • Figure 31. KLEEMANN (Greece) Revenue: by Geography 2022
  • Figure 32. Eros Elevators (India) Revenue, Net Income and Gross profit
  • Figure 33. Eros Elevators (India) Revenue: by Geography 2022
  • Figure 34. Liftavator, Inc (United States) Revenue, Net Income and Gross profit
  • Figure 35. Liftavator, Inc (United States) Revenue: by Geography 2022
  • Figure 36. Fujitec (Japan) Revenue, Net Income and Gross profit
  • Figure 37. Fujitec (Japan) Revenue: by Geography 2022
  • Figure 38. Hitachi (Japan) Revenue, Net Income and Gross profit
  • Figure 39. Hitachi (Japan) Revenue: by Geography 2022
  • Figure 40. Otis (United States) Revenue, Net Income and Gross profit
  • Figure 41. Otis (United States) Revenue: by Geography 2022
  • Figure 42. Toshiba (Japan) Revenue, Net Income and Gross profit
  • Figure 43. Toshiba (Japan) Revenue: by Geography 2022
  • Figure 44. Thyssenkrupp (Germany) Revenue, Net Income and Gross profit
  • Figure 45. Thyssenkrupp (Germany) Revenue: by Geography 2022
  • Figure 46. Others Revenue, Net Income and Gross profit
  • Figure 47. Others Revenue: by Geography 2022
  • Figure 48. Global Elevator Modernization Solutions: by Type USD Million (2023-2028)
  • Figure 49. Global Elevator Modernization Solutions: by Application USD Million (2023-2028)
  • Figure 50. Global Elevator Modernization Solutions: by Type USD Million (2023-2028)
  • Figure 51. Global Elevator Modernization Solutions: by Service USD Million (2023-2028)
  • Figure 52. Global Elevator Modernization Solutions: by Component USD Million (2023-2028)
  • Figure 53. South America Elevator Modernization Solutions Share (%), by Country
  • Figure 54. Asia Pacific Elevator Modernization Solutions Share (%), by Country
  • Figure 55. Europe Elevator Modernization Solutions Share (%), by Country
  • Figure 56. MEA Elevator Modernization Solutions Share (%), by Country
  • Figure 57. North America Elevator Modernization Solutions Share (%), by Country
List of companies from research coverage that are profiled in the study
  • KONE (Finland)
  • Schindler (Switzerland)
  • Mitsubishi Electric Corporation (Japan)
  • VRS Elevators (India)
  • Stanley Elevator Company Inc (United States)
  • Elevating Studio (Singapore)
  • KLEEMANN (Greece)
  • Eros Elevators (India)
  • Liftavator, Inc (United States)
  • Fujitec (Japan)
  • Hitachi (Japan)
  • Otis (United States)
  • Toshiba (Japan)
  • Thyssenkrupp (Germany)
  • Others
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Key Highlights of Report


Nov 2023 202 Pages 68 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as KONE (Finland), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), VRS Elevators (India), Stanley Elevator Company Inc (United States), Elevating Studio (Singapore), KLEEMANN (Greece), Eros Elevators (India), Liftavator, Inc (United States), Fujitec (Japan), Hitachi (Japan), Otis (United States), Toshiba (Japan), Thyssenkrupp (Germany) and Others etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Increasing advancement in Elevator Technology" is seen as one of major influencing trends for Elevator Modernization Solutions Market during projected period 2022-2028.
The Elevator Modernization Solutions market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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