Elevator Modernization Market Report by Elevator Type (Traction Elevator, Hydraulic Elevator), Modernization Type (Partial Modernization, Full Modernization), Components (Controllers, Door Equipment, Cabin Enclosures, Signaling Fixtures, Power Units, and Others), End Use (Residential, Commercial, Industrial), and Region 2024-2032

Elevator Modernization Market Report by Elevator Type (Traction Elevator, Hydraulic Elevator), Modernization Type (Partial Modernization, Full Modernization), Components (Controllers, Door Equipment, Cabin Enclosures, Signaling Fixtures, Power Units, and Others), End Use (Residential, Commercial, Industrial), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4864
Buy Now

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Elevator Modernization Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Elevator Type
    6.1    Traction Elevator
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hydraulic Elevator
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Modernization Type
    7.1    Partial Modernization
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Full Modernization
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Components
    8.1    Controllers
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Door Equipment
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cabin Enclosures
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Signaling Fixtures
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Power Units
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by End User
    9.1    Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Industrial
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Champion Elevator Corporation
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Fujitec Co. Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Hitachi Ltd
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Hyundai Elevator Co. Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Kone Oyj
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
        15.3.6    Liberty Elevator Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Mid-American Elevator
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Mitsubishi Electric Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Olympia Elevators Pvt. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Pincus Elevator Company Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Schindler Group
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Stanley Elevator Company Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Elevator Modernization Market: Major Drivers and Challenges
Figure 2: Global: Elevator Modernization Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Elevator Modernization Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Elevator Modernization Market: Breakup by Elevator Type (in %), 2023
Figure 5: Global: Elevator Modernization Market: Breakup by Modernization Type (in %), 2023
Figure 6: Global: Elevator Modernization Market: Breakup by Components (in %), 2023
Figure 7: Global: Elevator Modernization Market: Breakup by End User (in %), 2023
Figure 8: Global: Elevator Modernization Market: Breakup by Region (in %), 2023
Figure 9: Global: Elevator Modernization (Traction Elevator) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Elevator Modernization (Traction Elevator) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Elevator Modernization (Hydraulic Elevator) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Elevator Modernization (Hydraulic Elevator) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Elevator Modernization (Partial Modernization) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Elevator Modernization (Partial Modernization) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Elevator Modernization (Full Modernization) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Elevator Modernization (Full Modernization) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Elevator Modernization (Controllers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Elevator Modernization (Controllers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Elevator Modernization (Door Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Elevator Modernization (Door Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Elevator Modernization (Cabin Enclosures) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Elevator Modernization (Cabin Enclosures) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Elevator Modernization (Signaling Fixtures) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Elevator Modernization (Signaling Fixtures) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Elevator Modernization (Power Units) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Elevator Modernization (Power Units) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Elevator Modernization (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Elevator Modernization (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Elevator Modernization (Residential Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Elevator Modernization (Residential Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Elevator Modernization (Commercial Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Elevator Modernization (Commercial Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Elevator Modernization (Industrial Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Elevator Modernization (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Elevator Modernization Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Elevator Modernization Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Elevator Modernization Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Elevator Modernization Industry: SWOT Analysis
Figure 85: Global: Elevator Modernization Industry: Value Chain Analysis
Figure 86: Global: Elevator Modernization Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Elevator Modernization Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Elevator Modernization Market Forecast: Breakup by Elevator Type (in Million US$), 2024-2032
Table 3: Global: Elevator Modernization Market Forecast: Breakup by Modernization Type (in Million US$), 2024-2032
Table 4: Global: Elevator Modernization Market Forecast: Breakup by Components (in Million US$), 2024-2032
Table 5: Global: Elevator Modernization Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Elevator Modernization Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Elevator Modernization Market: Competitive Structure
Table 8: Global: Elevator Modernization Market: Key Players

Elevator Modernization Market Report by Elevator Type (Traction Elevator, Hydraulic Elevator), Modernization Type (Partial Modernization, Full Modernization), Components (Controllers, Door Equipment, Cabin Enclosures, Signaling Fixtures, Power Units, and Others), End Use (Residential, Commercial, Industrial), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More