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

About the Report

About the Report

Europe elevator modernization market reached USD 3,526.8 million in 2019 and will grow by 4.0% annually over 2020-2026 owing to the rising need for upgrading and replacing elevators in the region.

Highlighted with 36 tables and 48 figures, this 109-page report Europe Elevator Modernization Market 2020-2026 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire Europe 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 Europe 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 Europe elevator modernization market in every aspect of the classification from perspectives of Modernization Type, Elevator Type, Component, Application, and Country.

Based on Modernization Type, the Europe 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 Europe 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 Europe 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 Europe 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 national/local markets are fully investigated:

Germany

UK

France

Spain

Italy

Russia

Rest of Europe (further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

For each aforementioned country, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown 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 Europe 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.)

Products


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

Table of Contents

Table of Contents

1 Introduction 7

1.1 Industry Definition and Research Scope 7

1.1.1 Industry Definition 7

1.1.2 Research Scope 8

1.2 Research Methodology 11

1.2.1 Overview of Market Research Methodology 11

1.2.2 Market Assumption 12

1.2.3 Secondary Data 12

1.2.4 Primary Data 12

1.2.5 Data Filtration and Model Design 14

1.2.6 Market Size/Share Estimation 15

1.2.7 Research Limitations 16

1.3 Executive Summary 17

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 Europe 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 Europe 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 Europe 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 Europe 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 European Market 2019-2026 by Country 64

7.1 Overview of European Market 64

7.2 UK 67

7.3 France 69

7.4 Germany 71

7.5 Spain 73

7.6 Italy 75

7.7 Russia 77

7.8 Rest of European Market 79

8 Competitive Landscape 81

8.1 Overview of Key Vendors 81

8.2 New Product Launch, Partnership, Investment, and M&A 84

8.3 Company Profiles 85

Doppler S.A. 85

Fujitec Co., Ltd. 87

Hitachi, Ltd. 88

Hyundai Elevator Co., Ltd. 89

Johnson Lifts Private Ltd 90

KONE Corporation 91

Magnetek, Inc. 92

Mitsubishi Electric Corporation 93

Otis Elevator Company 94

Richmond Elevator (REM) 95

Schindler Holding Ltd. 96

Sematic S.p.A 97

Siemens AG 98

ThyssenKrupp Elevator AG 99

Toshiba Elevator and Building Systems Corporation (TOSHIBA) 100

United Technologies Corporation 101

Wittur Group 102

9 Investing in Europe Market: Risk Assessment and Management 103

9.1 Risk Evaluation of Europe Market 103

9.2 Critical Success Factors (CSFs) 106

Related Reports and Products 109


List of Figure

Figure 1. Research Method Flow Chart 11

Figure 2. Breakdown of Primary Research 13

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15

Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 17

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

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

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

Figure 8. Investment Opportunity Analysis 28

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 39. Breakdown of European Elevator Modernization Market by Country, 2019 and 2026, % of Revenue 65

Figure 40. Contribution to Europe 2020-2026 Cumulative Revenue by Country, Value (USD mn) and Share (%) 66

Figure 41. Elevator Modernization Market in UK, 2015-2026, USD mn 67

Figure 42. Elevator Modernization Market in France, 2015-2026, USD mn 69

Figure 43. Elevator Modernization Market in Germany, 2015-2026, USD mn 71

Figure 44. Elevator Modernization Market in Spain, 2015-2026, USD mn 73

Figure 45. Elevator Modernization Market in Italy, 2015-2026, USD mn 75

Figure 46. Elevator Modernization Market in Russia, 2015-2026, USD mn 77

Figure 47. Elevator Modernization Market in Rest of Europe, 2015-2026, USD mn 79

Figure 48. Growth Stage of Europe Elevator Modernization Industry over the Forecast Period 81


List of Table

Table 1. Snapshot of Europe Elevator Modernization Market, 2019-2026 18

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

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

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

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

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

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

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

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

Table 10. Europe Elevator Modernization Market by Country, 2015-2026, USD mn 66

Table 11. UK Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 68

Table 12. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 68

Table 13. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 68

Table 14. France Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 70

Table 15. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 70

Table 16. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 70

Table 17. Germany Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 72

Table 18. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 72

Table 19. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 72

Table 20. Spain Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 74

Table 21. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 74

Table 22. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 74

Table 23. Italy Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 76

Table 24. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 76

Table 25. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 76

Table 26. Russia Elevator Modernization Market by Elevator Type, 2015-2026, USD mn 78

Table 27. U.S. Elevator Modernization Market by Component, 2015-2026, USD mn 78

Table 28. U.S. Elevator Modernization Market by Application, 2015-2026, USD mn 78

Table 29. Elevator Modernization Market in Rest of Europe by Country, 2015-2026, USD mn 80

Table 30. Doppler S.A.: Company Snapshot 85

Table 31. Doppler S.A.: Business Segmentation 85

Table 32. Doppler S.A.: Product Portfolio 86

Table 33. Doppler S.A.: Revenue, 2016-2018, USD mn 86

Table 34. Doppler S.A.: Recent Developments 86

Table 35. Risk Evaluation for Investing in Europe Market, 2019-2026 104

Table 36. Critical Success Factors and Key Takeaways 107

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