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Global Elevator Modernization Market 2020-2026 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Region: Trend Forecast and Growth Opportunity

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Global elevator modernization market will reach USD 14.8 billion by 2026, growing by 5.1% annually over 2020-2026 owing to the rising need for upgrading elevators across the globe.

Highlighted with 85 tables and 80 figures, this 160-page report Global Elevator Modernization Market 2020-2026 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Region: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire global elevator modernization market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2026 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure

Growth Drivers

Restraints and Challenges

Emerging Product Trends & Market Opportunities

Porter's Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global elevator modernization market in every aspect of the classification from perspectives of Modernization Type, Elevator Type, Component, Application, and Region.

Based on Modernization Type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Full Modernization

Partial Modernization

Based on Elevator Type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Hydraulic Elevators

Conventional Hydraulic Elevators

Hole-less Hydraulic Elevators

Roped Hydraulic Elevators

Traction Elevators

Geared Traction Elevators

Gear-less Traction Elevators

Machine Room-Less Elevators

Climbing Elevators

Pneumatic/Vacuum Elevators

Based on Component, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Power Units

Cabin Enclosures

Controllers

Relay based

Solid state

PLC

Signaling Fixtures

Door Equipment

Other Components

Based on Application, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Industrial Application

Residential Application

Commercial Application

Geographically, the following regions together with the listed national/local markets are fully investigated:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

RoW (Saudi Arabia, UAE, Egypt)

For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown of all regional markets by country and split of key national markets by Elevator Type, Component, and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global elevator modernization market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request):

Doppler S.A.

Fujitec Co., Ltd.

Hitachi, Ltd.

Hyundai Elevator Co., Ltd.

Johnson Lifts Private Ltd

KONE Corporation

Magnetek, Inc.

Mitsubishi Electric Corporation

Otis Elevator Company

Richmond Elevator (REM)

Schindler Holding Ltd.

Sematic S.p.A

Siemens AG

ThyssenKrupp Elevator AG

Toshiba Elevator and Building Systems Corporation (TOSHIBA)

United Technologies Corporation

Wittur Group

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Table Of Content

Scope

1 Introduction 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 15

1.2.6 Market Size/Share Estimation 16

1.2.7 Research Limitations 17

1.3 Executive Summary 18

2 Market Overview and Dynamics 20

2.1 Market Size and Forecast 20

2.2 Major Growth Drivers 21

2.3 Market Restraints and Challenges 24

2.4 Emerging Opportunities and Market Trends 27

2.5 Porter's Fiver Forces Analysis 31

3 Segmentation of Global Market by Modernization Type 35

3.1 Market Overview by Modernization Type 35

3.2 Full Modernization 37

3.3 Partial Modernization 38

4 Segmentation of Global Market by Elevator Type 39

4.1 Market Overview by Elevator Type 39

4.2 Hydraulic Elevators 41

4.2.1 Conventional Hydraulic Elevators 42

4.2.2 Hole-less Hydraulic Elevators 43

4.2.3 Roped Hydraulic Elevators 44

4.3 Traction Elevators 45

4.3.1 Geared Traction Elevators 46

4.3.2 Gear-less Traction Elevators 47

4.3.3 Machine Room-Less Elevators 48

4.4 Climbing Elevators 49

4.5 Pneumatic/Vacuum Elevators 50

5 Segmentation of Global Market by Component 51

5.1 Market Overview by Component 51

5.2 Power Units 53

5.3 Cabin Enclosures 54

5.4 Controllers 55

5.5 Signaling Fixtures 56

5.6 Door Equipment 57

5.7 Other Components 58

6 Segmentation of Global Market by Application 59

6.1 Market Overview by Application 59

6.2 Industrial Application 61

6.3 Residential Application 62

6.4 Commercial Application 63

7 Segmentation of Global Market by Region 64

7.1 Geographic Market Overview 2019-2026 64

7.2 North America Market 2019-2026 by Country 68

7.2.1 Overview of North America Market 68

7.2.2 U.S. 71

7.2.3 Canada 75

7.2.4 Mexico 77

7.3 European Market 2019-2026 by Country 79

7.3.1 Overview of European Market 79

7.3.2 UK 82

7.3.3 France 84

7.3.4 Germany 86

7.3.5 Spain 88

7.3.6 Italy 90

7.3.7 Russia 92

7.3.8 Rest of European Market 94

7.4 Asia-Pacific Market 2019-2026 by Country 96

7.4.1 Overview of Asia-Pacific Market 96

7.4.2 China 99

7.4.3 Japan 101

7.4.4 India 104

7.4.5 Australia 106

7.4.6 South Korea 108

7.4.7 Rest of APAC Region 110

7.5 South America Market 2019-2026 by Country 112

7.5.1 Argentina 115

7.5.2 Brazil 117

7.5.3 Chile 119

7.5.4 Rest of South America Market 121

7.6 Rest of World Market 2019-2026 by Country 122

7.6.1 UAE 125

7.6.2 Saudi Arabia 127

7.6.3 Egypt 129

7.6.4 Other National Markets 131

8 Competitive Landscape 132

8.1 Overview of Key Vendors 132

8.2 New Product Launch, Partnership, Investment, and M&A 135

8.3 Company Profiles 136

Doppler S.A. 136

Fujitec Co., Ltd. 138

Hitachi, Ltd. 139

Hyundai Elevator Co., Ltd. 140

Johnson Lifts Private Ltd 141

KONE Corporation 142

Magnetek, Inc. 143

Mitsubishi Electric Corporation 144

Otis Elevator Company 145

Richmond Elevator (REM) 146

Schindler Holding Ltd. 147

Sematic S.p.A 148

Siemens AG 149

ThyssenKrupp Elevator AG 150

Toshiba Elevator and Building Systems Corporation (TOSHIBA) 151

United Technologies Corporation 152

Wittur Group 153

9 Investing in Global Market: Risk Assessment and Management 154

9.1 Risk Evaluation of Global Market 154

9.2 Critical Success Factors (CSFs) 157

Related Reports and Products 160


List Of Figure

Figure 1. Research Method Flow Chart 12

Figure 2. Breakdown of Primary Research 14

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16

Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 18

Figure 5. Global Elevator Modernization Market, 2019-2026, USD mn 20

Figure 6. Primary Drivers and Impact Factors of Global Elevator Modernization Market 21

Figure 7. Primary Restraints and Impact Factors of Global Elevator Modernization Market 24

Figure 8. Investment Opportunity Analysis 28

Figure 9. Porter's Fiver Forces Analysis of Global Elevator Modernization Market 31

Figure 10. Breakdown of Global Elevator Modernization Market by Modernization Type, 2019-2026, % of Revenue 35

Figure 11. Contribution to Global 2020-2026 Cumulative Revenue by Modernization Type, Value (USD mn) and Share (%) 36

Figure 12. Global Elevator Modernization Market: Full Modernization, 2015-2026, USD mn 37

Figure 13. Global Elevator Modernization Market: Partial Modernization, 2015-2026, USD mn 38

Figure 14. Breakdown of Global Elevator Modernization Market by Elevator Type, 2019-2026, % of Revenue 39

Figure 15. Contribution to Global 2020-2026 Cumulative Revenue by Elevator Type, Value (USD mn) and Share (%) 40

Figure 16. Global Elevator Modernization Market: Hydraulic Elevators, 2015-2026, USD mn 41

Figure 17. Global Elevator Modernization Market: Conventional Hydraulic Elevators, 2015-2026, USD mn 42

Figure 18. Global Elevator Modernization Market: Hole-less Hydraulic Elevators, 2015-2026, USD mn 43

Figure 19. Global Elevator Modernization Market: Roped Hydraulic Elevators, 2015-2026, USD mn 44

Figure 20. Global Elevator Modernization Market: Traction Elevators, 2015-2026, USD mn 45

Figure 21. Global Elevator Modernization Market: Geared Traction Elevators, 2015-2026, USD mn 46

Figure 22. Global Elevator Modernization Market: Gear-less Traction Elevators, 2015-2026, USD mn 47

Figure 23. Global Elevator Modernization Market: Machine Room-Less Elevators, 2015-2026, USD mn 48

Figure 24. Global Elevator Modernization Market: Climbing Elevators, 2015-2026, USD mn 49

Figure 25. Global Elevator Modernization Market: Pneumatic/Vacuum Elevators, 2015-2026, USD mn 50

Figure 26. Breakdown of Global Elevator Modernization Market by Component, 2019-2026, % of Revenue 51

Figure 27. Contribution to Global 2020-2026 Cumulative Revenue by Component, Value (USD mn) and Share (%) 52

Figure 28. Global Elevator Modernization Market: Power Units, 2015-2026, USD mn 53

Figure 29. Global Elevator Modernization Market: Cabin Enclosures, 2015-2026, USD mn 54

Figure 30. Global Elevator Modernization Market: Controllers, 2015-2026, USD mn 55

Figure 31. Global Elevator Modernization Market: Signaling Fixtures, 2015-2026, USD mn 56

Figure 32. Global Elevator Modernization Market: Door Equipment, 2015-2026, USD mn 57

Figure 33. Global Elevator Modernization Market: Other Components, 2015-2026, USD mn 58

Figure 34. Breakdown of Global Elevator Modernization Market by Application, 2019-2026, % of Revenue 59

Figure 35. Contribution to Global 2020-2026 Cumulative Revenue by Application, Value (USD mn) and Share (%) 60

Figure 36. Global Elevator Modernization Market: Industrial Application, 2015-2026, USD mn 61

Figure 37. Global Elevator Modernization Market: Residential Application, 2015-2026, USD mn 62

Figure 38. Global Elevator Modernization Market: Commercial Application, 2015-2026, USD mn 63

Figure 39. Global Market Snapshot by Region 64

Figure 40. Geographic Spread of Worldwide Elevator Modernization Market, 2019-2026, % of Revenue 65

Figure 41. Contribution to Global 2020-2026 Cumulative Revenue by Region, Value (USD mn) and Share (%) 66

Figure 42. North American Elevator Modernization Market, 2015-2026, USD mn 69

Figure 43. Breakdown of North America Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 69

Figure 44. Contribution to North America 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 70

Figure 45. U.S. Elevator Modernization Market, 2015-2026, USD mn 72

Figure 46. Canada Elevator Modernization Market, 2015-2026, USD mn 75

Figure 47. Elevator Modernization Market in Mexico, 2015-2026, USD mn 77

Figure 48. European Elevator Modernization Market, 2015-2026, USD mn 80

Figure 49. Breakdown of European Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 80

Figure 50. Contribution to Europe 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 81

Figure 51. Elevator Modernization Market in UK, 2015-2026, USD mn 82

Figure 52. Elevator Modernization Market in France, 2015-2026, USD mn 84

Figure 53. Elevator Modernization Market in Germany, 2015-2026, USD mn 86

Figure 54. Elevator Modernization Market in Spain, 2015-2026, USD mn 88

Figure 55. Elevator Modernization Market in Italy, 2015-2026, USD mn 90

Figure 56. Elevator Modernization Market in Russia, 2015-2026, USD mn 92

Figure 57. Elevator Modernization Market in Rest of Europe, 2015-2026, USD mn 94

Figure 58. Asia-Pacific Elevator Modernization Market, 2015-2026, USD mn 97

Figure 59. Breakdown of APAC Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 97

Figure 60. Contribution to APAC 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 98

Figure 61. Elevator Modernization Market in China, 2015-2026, USD mn 99

Figure 62. Elevator Modernization Market in Japan, 2015-2026, USD mn 102

Figure 63. Elevator Modernization Market in India, 2015-2026, USD mn 104

Figure 64. Elevator Modernization Market in Australia, 2015-2026, USD mn 106

Figure 65. Elevator Modernization Market in South Korea, 2015-2026, USD mn 108

Figure 66. Elevator Modernization Market in Rest of APAC, 2015-2026, USD mn 110

Figure 67. South America Elevator Modernization Market, 2015-2026, USD mn 113

Figure 68. Breakdown of South America Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 113

Figure 69. Contribution to South America 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 114

Figure 70. Elevator Modernization Market in Argentina, 2015-2026, USD mn 115

Figure 71. Elevator Modernization Market in Brazil, 2015-2026, USD mn 117

Figure 72. Elevator Modernization Market in Chile, 2015-2026, USD mn 119

Figure 73. Elevator Modernization Market in Rest of South America, 2015-2026, USD mn 121

Figure 74. Elevator Modernization Market in Rest of the World (RoW), 2015-2026, USD mn 123

Figure 75. Breakdown of RoW Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 123

Figure 76. Contribution to RoW 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 124

Figure 77. Elevator Modernization Market in UAE, 2015-2026, USD mn 125

Figure 78. Elevator Modernization Market in Saudi Arabia, 2015-2026, USD mn 127

Figure 79. Elevator Modernization Market in Egypt, 2015-2026, USD mn 129

Figure 80. Growth Stage of Global Elevator Modernization Industry over the Forecast Period 132


List Of Table

Table 1. Snapshot of Global Elevator Modernization Market, 2019-2026 19

Table 2. Main Product Trends and Market Opportunities in Global Elevator Modernization Market 27

Table 3. Global Elevator Modernization Market by Modernization Type, 2015-2026, USD mn 35

Table 4. Global Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 39

Table 5. Global Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2015-2026, USD mn 41

Table 6. Global Elevator Modernization Market: Traction Elevators by Elevator Type, 2015-2026, USD mn 45

Table 7. Global Elevator Modernization Market by Component, 2015-2026, USD mn 51

Table 8. Global Elevator Modernization Market: Controllers by Type, 2015-2026, USD mn 55

Table 9. Global Elevator Modernization Market by Application, 2015-2026, USD mn 59

Table 10. Global Elevator Modernization Market by Region, 2015-2026, USD mn 65

Table 11. Leading National Elevator Modernization Market, 2019 and 2026, USD mn 67

Table 12. North America Elevator Modernization Market by Country, 2015-2026, USD mn 70

Table 13. U.S. Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 73

Table 14. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 73

Table 15. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 73

Table 16. Canada Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 76

Table 17. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 76

Table 18. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 76

Table 19. Mexico Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 78

Table 20. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 78

Table 21. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 78

Table 22. Europe Elevator Modernization Market by Country, 2015-2026, USD mn 81

Table 23. UK Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 83

Table 24. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 83

Table 25. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 83

Table 26. France Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 85

Table 27. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 85

Table 28. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 85

Table 29. Germany Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 87

Table 30. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 87

Table 31. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 87

Table 32. Spain Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 89

Table 33. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 89

Table 34. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 89

Table 35. Italy Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 91

Table 36. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 91

Table 37. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 91

Table 38. Russia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 93

Table 39. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 93

Table 40. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 93

Table 41. Elevator Modernization Market in Rest of Europe by Country, 2015-2026, USD mn 95

Table 42. APAC Elevator Modernization Market by Country, 2015-2026, USD mn 98

Table 43. China Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 100

Table 44. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 100

Table 45. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 100

Table 46. Japan Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 103

Table 47. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 103

Table 48. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 103

Table 49. India Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 105

Table 50. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 105

Table 51. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 105

Table 52. Australia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 107

Table 53. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 107

Table 54. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 107

Table 55. South Korea Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 109

Table 56. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 109

Table 57. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 109

Table 58. Elevator Modernization Market in Rest of APAC by Country, 2015-2026, USD mn 111

Table 59. South America Elevator Modernization Market by Country, 2015-2026, USD mn 114

Table 60. Argentina Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 116

Table 61. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 116

Table 62. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 116

Table 63. Brazil Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 118

Table 64. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 118

Table 65. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 118

Table 66. Chile Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 120

Table 67. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 120

Table 68. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 120

Table 69. RoW Elevator Modernization Market by Country, 2015-2026, USD mn 124

Table 70. UAE Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 126

Table 71. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 126

Table 72. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 126

Table 73. Saudi Arabia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 128

Table 74. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 128

Table 75. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 128

Table 76. Egypt Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 130

Table 77. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 130

Table 78. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 130

Table 79. Doppler S.A.: Company Snapshot 136

Table 80. Doppler S.A.: Business Segmentation 136

Table 81. Doppler S.A.: Product Portfolio 137

Table 82. Doppler S.A.: Revenue, 2016-2018, USD mn 137

Table 83. Doppler S.A.: Recent Developments 137

Table 84. Risk Evaluation for Investing in Global Market, 2019-2026 155

Table 85. Critical Success Factors and Key Takeaways 158

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Products and Companies


Companies

Key Players (this may not be a complete list and extra companies can be added upon request):

Doppler S.A.

Fujitec Co., Ltd.

Hitachi, Ltd.

Hyundai Elevator Co., Ltd.

Johnson Lifts Private Ltd

KONE Corporation

Magnetek, Inc.

Mitsubishi Electric Corporation

Otis Elevator Company

Richmond Elevator (REM)

Schindler Holding Ltd.

Sematic S.p.A

Siemens AG

ThyssenKrupp Elevator AG

Toshiba Elevator and Building Systems Corporation (TOSHIBA)

United Technologies Corporation

Wittur Group

Company Profile

Company Profile Title

Global elevator modernization market will reach USD 14.8 billion by 2026, growing by 5.1% annually over 2020-2026 owing to the rising need for upgrading elevators across the globe.

Highlighted with 85 tables and 80 figures, this 160-page report Global Elevator Modernization Market 2020-2026 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Region: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire global elevator modernization market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2026 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure

Growth Drivers

Restraints and Challenges

Emerging Product Trends & Market Opportunities

Porter's Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global elevator modernization market in every aspect of the classification from perspectives of Modernization Type, Elevator Type, Component, Application, and Region.

Based on Modernization Type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Full Modernization

Partial Modernization

Based on Elevator Type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Hydraulic Elevators

Conventional Hydraulic Elevators

Hole-less Hydraulic Elevators

Roped Hydraulic Elevators

Traction Elevators

Geared Traction Elevators

Gear-less Traction Elevators

Machine Room-Less Elevators

Climbing Elevators

Pneumatic/Vacuum Elevators

Based on Component, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Power Units

Cabin Enclosures

Controllers

Relay based

Solid state

PLC

Signaling Fixtures

Door Equipment

Other Components

Based on Application, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Industrial Application

Residential Application

Commercial Application

Geographically, the following regions together with the listed national/local markets are fully investigated:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

RoW (Saudi Arabia, UAE, Egypt)

For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown of all regional markets by country and split of key national markets by Elevator Type, Component, and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global elevator modernization market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request):

Doppler S.A.

Fujitec Co., Ltd.

Hitachi, Ltd.

Hyundai Elevator Co., Ltd.

Johnson Lifts Private Ltd

KONE Corporation

Magnetek, Inc.

Mitsubishi Electric Corporation

Otis Elevator Company

Richmond Elevator (REM)

Schindler Holding Ltd.

Sematic S.p.A

Siemens AG

ThyssenKrupp Elevator AG

Toshiba Elevator and Building Systems Corporation (TOSHIBA)

United Technologies Corporation

Wittur Group

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Scope

1 Introduction 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 15

1.2.6 Market Size/Share Estimation 16

1.2.7 Research Limitations 17

1.3 Executive Summary 18

2 Market Overview and Dynamics 20

2.1 Market Size and Forecast 20

2.2 Major Growth Drivers 21

2.3 Market Restraints and Challenges 24

2.4 Emerging Opportunities and Market Trends 27

2.5 Porter's Fiver Forces Analysis 31

3 Segmentation of Global Market by Modernization Type 35

3.1 Market Overview by Modernization Type 35

3.2 Full Modernization 37

3.3 Partial Modernization 38

4 Segmentation of Global Market by Elevator Type 39

4.1 Market Overview by Elevator Type 39

4.2 Hydraulic Elevators 41

4.2.1 Conventional Hydraulic Elevators 42

4.2.2 Hole-less Hydraulic Elevators 43

4.2.3 Roped Hydraulic Elevators 44

4.3 Traction Elevators 45

4.3.1 Geared Traction Elevators 46

4.3.2 Gear-less Traction Elevators 47

4.3.3 Machine Room-Less Elevators 48

4.4 Climbing Elevators 49

4.5 Pneumatic/Vacuum Elevators 50

5 Segmentation of Global Market by Component 51

5.1 Market Overview by Component 51

5.2 Power Units 53

5.3 Cabin Enclosures 54

5.4 Controllers 55

5.5 Signaling Fixtures 56

5.6 Door Equipment 57

5.7 Other Components 58

6 Segmentation of Global Market by Application 59

6.1 Market Overview by Application 59

6.2 Industrial Application 61

6.3 Residential Application 62

6.4 Commercial Application 63

7 Segmentation of Global Market by Region 64

7.1 Geographic Market Overview 2019-2026 64

7.2 North America Market 2019-2026 by Country 68

7.2.1 Overview of North America Market 68

7.2.2 U.S. 71

7.2.3 Canada 75

7.2.4 Mexico 77

7.3 European Market 2019-2026 by Country 79

7.3.1 Overview of European Market 79

7.3.2 UK 82

7.3.3 France 84

7.3.4 Germany 86

7.3.5 Spain 88

7.3.6 Italy 90

7.3.7 Russia 92

7.3.8 Rest of European Market 94

7.4 Asia-Pacific Market 2019-2026 by Country 96

7.4.1 Overview of Asia-Pacific Market 96

7.4.2 China 99

7.4.3 Japan 101

7.4.4 India 104

7.4.5 Australia 106

7.4.6 South Korea 108

7.4.7 Rest of APAC Region 110

7.5 South America Market 2019-2026 by Country 112

7.5.1 Argentina 115

7.5.2 Brazil 117

7.5.3 Chile 119

7.5.4 Rest of South America Market 121

7.6 Rest of World Market 2019-2026 by Country 122

7.6.1 UAE 125

7.6.2 Saudi Arabia 127

7.6.3 Egypt 129

7.6.4 Other National Markets 131

8 Competitive Landscape 132

8.1 Overview of Key Vendors 132

8.2 New Product Launch, Partnership, Investment, and M&A 135

8.3 Company Profiles 136

Doppler S.A. 136

Fujitec Co., Ltd. 138

Hitachi, Ltd. 139

Hyundai Elevator Co., Ltd. 140

Johnson Lifts Private Ltd 141

KONE Corporation 142

Magnetek, Inc. 143

Mitsubishi Electric Corporation 144

Otis Elevator Company 145

Richmond Elevator (REM) 146

Schindler Holding Ltd. 147

Sematic S.p.A 148

Siemens AG 149

ThyssenKrupp Elevator AG 150

Toshiba Elevator and Building Systems Corporation (TOSHIBA) 151

United Technologies Corporation 152

Wittur Group 153

9 Investing in Global Market: Risk Assessment and Management 154

9.1 Risk Evaluation of Global Market 154

9.2 Critical Success Factors (CSFs) 157

Related Reports and Products 160


List Of Figure

Figure 1. Research Method Flow Chart 12

Figure 2. Breakdown of Primary Research 14

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16

Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 18

Figure 5. Global Elevator Modernization Market, 2019-2026, USD mn 20

Figure 6. Primary Drivers and Impact Factors of Global Elevator Modernization Market 21

Figure 7. Primary Restraints and Impact Factors of Global Elevator Modernization Market 24

Figure 8. Investment Opportunity Analysis 28

Figure 9. Porter's Fiver Forces Analysis of Global Elevator Modernization Market 31

Figure 10. Breakdown of Global Elevator Modernization Market by Modernization Type, 2019-2026, % of Revenue 35

Figure 11. Contribution to Global 2020-2026 Cumulative Revenue by Modernization Type, Value (USD mn) and Share (%) 36

Figure 12. Global Elevator Modernization Market: Full Modernization, 2015-2026, USD mn 37

Figure 13. Global Elevator Modernization Market: Partial Modernization, 2015-2026, USD mn 38

Figure 14. Breakdown of Global Elevator Modernization Market by Elevator Type, 2019-2026, % of Revenue 39

Figure 15. Contribution to Global 2020-2026 Cumulative Revenue by Elevator Type, Value (USD mn) and Share (%) 40

Figure 16. Global Elevator Modernization Market: Hydraulic Elevators, 2015-2026, USD mn 41

Figure 17. Global Elevator Modernization Market: Conventional Hydraulic Elevators, 2015-2026, USD mn 42

Figure 18. Global Elevator Modernization Market: Hole-less Hydraulic Elevators, 2015-2026, USD mn 43

Figure 19. Global Elevator Modernization Market: Roped Hydraulic Elevators, 2015-2026, USD mn 44

Figure 20. Global Elevator Modernization Market: Traction Elevators, 2015-2026, USD mn 45

Figure 21. Global Elevator Modernization Market: Geared Traction Elevators, 2015-2026, USD mn 46

Figure 22. Global Elevator Modernization Market: Gear-less Traction Elevators, 2015-2026, USD mn 47

Figure 23. Global Elevator Modernization Market: Machine Room-Less Elevators, 2015-2026, USD mn 48

Figure 24. Global Elevator Modernization Market: Climbing Elevators, 2015-2026, USD mn 49

Figure 25. Global Elevator Modernization Market: Pneumatic/Vacuum Elevators, 2015-2026, USD mn 50

Figure 26. Breakdown of Global Elevator Modernization Market by Component, 2019-2026, % of Revenue 51

Figure 27. Contribution to Global 2020-2026 Cumulative Revenue by Component, Value (USD mn) and Share (%) 52

Figure 28. Global Elevator Modernization Market: Power Units, 2015-2026, USD mn 53

Figure 29. Global Elevator Modernization Market: Cabin Enclosures, 2015-2026, USD mn 54

Figure 30. Global Elevator Modernization Market: Controllers, 2015-2026, USD mn 55

Figure 31. Global Elevator Modernization Market: Signaling Fixtures, 2015-2026, USD mn 56

Figure 32. Global Elevator Modernization Market: Door Equipment, 2015-2026, USD mn 57

Figure 33. Global Elevator Modernization Market: Other Components, 2015-2026, USD mn 58

Figure 34. Breakdown of Global Elevator Modernization Market by Application, 2019-2026, % of Revenue 59

Figure 35. Contribution to Global 2020-2026 Cumulative Revenue by Application, Value (USD mn) and Share (%) 60

Figure 36. Global Elevator Modernization Market: Industrial Application, 2015-2026, USD mn 61

Figure 37. Global Elevator Modernization Market: Residential Application, 2015-2026, USD mn 62

Figure 38. Global Elevator Modernization Market: Commercial Application, 2015-2026, USD mn 63

Figure 39. Global Market Snapshot by Region 64

Figure 40. Geographic Spread of Worldwide Elevator Modernization Market, 2019-2026, % of Revenue 65

Figure 41. Contribution to Global 2020-2026 Cumulative Revenue by Region, Value (USD mn) and Share (%) 66

Figure 42. North American Elevator Modernization Market, 2015-2026, USD mn 69

Figure 43. Breakdown of North America Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 69

Figure 44. Contribution to North America 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 70

Figure 45. U.S. Elevator Modernization Market, 2015-2026, USD mn 72

Figure 46. Canada Elevator Modernization Market, 2015-2026, USD mn 75

Figure 47. Elevator Modernization Market in Mexico, 2015-2026, USD mn 77

Figure 48. European Elevator Modernization Market, 2015-2026, USD mn 80

Figure 49. Breakdown of European Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 80

Figure 50. Contribution to Europe 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 81

Figure 51. Elevator Modernization Market in UK, 2015-2026, USD mn 82

Figure 52. Elevator Modernization Market in France, 2015-2026, USD mn 84

Figure 53. Elevator Modernization Market in Germany, 2015-2026, USD mn 86

Figure 54. Elevator Modernization Market in Spain, 2015-2026, USD mn 88

Figure 55. Elevator Modernization Market in Italy, 2015-2026, USD mn 90

Figure 56. Elevator Modernization Market in Russia, 2015-2026, USD mn 92

Figure 57. Elevator Modernization Market in Rest of Europe, 2015-2026, USD mn 94

Figure 58. Asia-Pacific Elevator Modernization Market, 2015-2026, USD mn 97

Figure 59. Breakdown of APAC Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 97

Figure 60. Contribution to APAC 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 98

Figure 61. Elevator Modernization Market in China, 2015-2026, USD mn 99

Figure 62. Elevator Modernization Market in Japan, 2015-2026, USD mn 102

Figure 63. Elevator Modernization Market in India, 2015-2026, USD mn 104

Figure 64. Elevator Modernization Market in Australia, 2015-2026, USD mn 106

Figure 65. Elevator Modernization Market in South Korea, 2015-2026, USD mn 108

Figure 66. Elevator Modernization Market in Rest of APAC, 2015-2026, USD mn 110

Figure 67. South America Elevator Modernization Market, 2015-2026, USD mn 113

Figure 68. Breakdown of South America Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 113

Figure 69. Contribution to South America 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 114

Figure 70. Elevator Modernization Market in Argentina, 2015-2026, USD mn 115

Figure 71. Elevator Modernization Market in Brazil, 2015-2026, USD mn 117

Figure 72. Elevator Modernization Market in Chile, 2015-2026, USD mn 119

Figure 73. Elevator Modernization Market in Rest of South America, 2015-2026, USD mn 121

Figure 74. Elevator Modernization Market in Rest of the World (RoW), 2015-2026, USD mn 123

Figure 75. Breakdown of RoW Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 123

Figure 76. Contribution to RoW 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 124

Figure 77. Elevator Modernization Market in UAE, 2015-2026, USD mn 125

Figure 78. Elevator Modernization Market in Saudi Arabia, 2015-2026, USD mn 127

Figure 79. Elevator Modernization Market in Egypt, 2015-2026, USD mn 129

Figure 80. Growth Stage of Global Elevator Modernization Industry over the Forecast Period 132


List Of Table

Table 1. Snapshot of Global Elevator Modernization Market, 2019-2026 19

Table 2. Main Product Trends and Market Opportunities in Global Elevator Modernization Market 27

Table 3. Global Elevator Modernization Market by Modernization Type, 2015-2026, USD mn 35

Table 4. Global Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 39

Table 5. Global Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2015-2026, USD mn 41

Table 6. Global Elevator Modernization Market: Traction Elevators by Elevator Type, 2015-2026, USD mn 45

Table 7. Global Elevator Modernization Market by Component, 2015-2026, USD mn 51

Table 8. Global Elevator Modernization Market: Controllers by Type, 2015-2026, USD mn 55

Table 9. Global Elevator Modernization Market by Application, 2015-2026, USD mn 59

Table 10. Global Elevator Modernization Market by Region, 2015-2026, USD mn 65

Table 11. Leading National Elevator Modernization Market, 2019 and 2026, USD mn 67

Table 12. North America Elevator Modernization Market by Country, 2015-2026, USD mn 70

Table 13. U.S. Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 73

Table 14. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 73

Table 15. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 73

Table 16. Canada Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 76

Table 17. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 76

Table 18. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 76

Table 19. Mexico Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 78

Table 20. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 78

Table 21. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 78

Table 22. Europe Elevator Modernization Market by Country, 2015-2026, USD mn 81

Table 23. UK Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 83

Table 24. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 83

Table 25. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 83

Table 26. France Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 85

Table 27. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 85

Table 28. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 85

Table 29. Germany Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 87

Table 30. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 87

Table 31. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 87

Table 32. Spain Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 89

Table 33. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 89

Table 34. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 89

Table 35. Italy Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 91

Table 36. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 91

Table 37. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 91

Table 38. Russia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 93

Table 39. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 93

Table 40. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 93

Table 41. Elevator Modernization Market in Rest of Europe by Country, 2015-2026, USD mn 95

Table 42. APAC Elevator Modernization Market by Country, 2015-2026, USD mn 98

Table 43. China Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 100

Table 44. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 100

Table 45. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 100

Table 46. Japan Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 103

Table 47. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 103

Table 48. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 103

Table 49. India Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 105

Table 50. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 105

Table 51. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 105

Table 52. Australia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 107

Table 53. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 107

Table 54. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 107

Table 55. South Korea Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 109

Table 56. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 109

Table 57. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 109

Table 58. Elevator Modernization Market in Rest of APAC by Country, 2015-2026, USD mn 111

Table 59. South America Elevator Modernization Market by Country, 2015-2026, USD mn 114

Table 60. Argentina Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 116

Table 61. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 116

Table 62. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 116

Table 63. Brazil Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 118

Table 64. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 118

Table 65. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 118

Table 66. Chile Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 120

Table 67. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 120

Table 68. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 120

Table 69. RoW Elevator Modernization Market by Country, 2015-2026, USD mn 124

Table 70. UAE Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 126

Table 71. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 126

Table 72. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 126

Table 73. Saudi Arabia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 128

Table 74. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 128

Table 75. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 128

Table 76. Egypt Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 130

Table 77. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 130

Table 78. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 130

Table 79. Doppler S.A.: Company Snapshot 136

Table 80. Doppler S.A.: Business Segmentation 136

Table 81. Doppler S.A.: Product Portfolio 137

Table 82. Doppler S.A.: Revenue, 2016-2018, USD mn 137

Table 83. Doppler S.A.: Recent Developments 137

Table 84. Risk Evaluation for Investing in Global Market, 2019-2026 155

Table 85. Critical Success Factors and Key Takeaways 158

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Companies

Key Players (this may not be a complete list and extra companies can be added upon request):

Doppler S.A.

Fujitec Co., Ltd.

Hitachi, Ltd.

Hyundai Elevator Co., Ltd.

Johnson Lifts Private Ltd

KONE Corporation

Magnetek, Inc.

Mitsubishi Electric Corporation

Otis Elevator Company

Richmond Elevator (REM)

Schindler Holding Ltd.

Sematic S.p.A

Siemens AG

ThyssenKrupp Elevator AG

Toshiba Elevator and Building Systems Corporation (TOSHIBA)

United Technologies Corporation

Wittur Group