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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 2025-2033
Report Format: PDF+Excel | Report ID: SR112024A4864
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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 USD), 2019-2024
Figure 3: Global: Elevator Modernization Market Forecast: Sales Value (in Billion USD), 2025-2033
Figure 4: Global: Elevator Modernization Market: Breakup by Elevator Type (in %), 2024
Figure 5: Global: Elevator Modernization Market: Breakup by Modernization Type (in %), 2024
Figure 6: Global: Elevator Modernization Market: Breakup by Components (in %), 2024
Figure 7: Global: Elevator Modernization Market: Breakup by End User (in %), 2024
Figure 8: Global: Elevator Modernization Market: Breakup by Region (in %), 2024
Figure 9: Global: Elevator Modernization (Traction Elevator) Market: Sales Value (in Million USD), 2019 & 2024
Figure 10: Global: Elevator Modernization (Traction Elevator) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 11: Global: Elevator Modernization (Hydraulic Elevator) Market: Sales Value (in Million USD), 2019 & 2024
Figure 12: Global: Elevator Modernization (Hydraulic Elevator) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 13: Global: Elevator Modernization (Partial Modernization) Market: Sales Value (in Million USD), 2019 & 2024
Figure 14: Global: Elevator Modernization (Partial Modernization) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 15: Global: Elevator Modernization (Full Modernization) Market: Sales Value (in Million USD), 2019 & 2024
Figure 16: Global: Elevator Modernization (Full Modernization) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 17: Global: Elevator Modernization (Controllers) Market: Sales Value (in Million USD), 2019 & 2024
Figure 18: Global: Elevator Modernization (Controllers) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 19: Global: Elevator Modernization (Door Equipment) Market: Sales Value (in Million USD), 2019 & 2024
Figure 20: Global: Elevator Modernization (Door Equipment) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 21: Global: Elevator Modernization (Cabin Enclosures) Market: Sales Value (in Million USD), 2019 & 2024
Figure 22: Global: Elevator Modernization (Cabin Enclosures) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 23: Global: Elevator Modernization (Signaling Fixtures) Market: Sales Value (in Million USD), 2019 & 2024
Figure 24: Global: Elevator Modernization (Signaling Fixtures) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 25: Global: Elevator Modernization (Power Units) Market: Sales Value (in Million USD), 2019 & 2024
Figure 26: Global: Elevator Modernization (Power Units) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 27: Global: Elevator Modernization (Other Components) Market: Sales Value (in Million USD), 2019 & 2024
Figure 28: Global: Elevator Modernization (Other Components) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 29: Global: Elevator Modernization (Residential Sector) Market: Sales Value (in Million USD), 2019 & 2024
Figure 30: Global: Elevator Modernization (Residential Sector) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 31: Global: Elevator Modernization (Commercial Sector) Market: Sales Value (in Million USD), 2019 & 2024
Figure 32: Global: Elevator Modernization (Commercial Sector) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 33: Global: Elevator Modernization (Industrial Sector) Market: Sales Value (in Million USD), 2019 & 2024
Figure 34: Global: Elevator Modernization (Industrial Sector) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 35: North America: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 36: North America: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 37: United States: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 38: United States: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 39: Canada: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 40: Canada: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 41: Asia-Pacific: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 42: Asia-Pacific: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 43: China: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 44: China: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 45: Japan: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 46: Japan: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 47: India: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 48: India: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 49: South Korea: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 50: South Korea: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 51: Australia: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 52: Australia: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 53: Indonesia: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 54: Indonesia: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 55: Others: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 56: Others: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 57: Europe: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 58: Europe: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 59: Germany: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 60: Germany: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 61: France: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 62: France: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 63: United Kingdom: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 64: United Kingdom: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 65: Italy: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 66: Italy: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 67: Spain: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 68: Spain: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 69: Russia: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 70: Russia: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 71: Others: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 72: Others: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 73: Latin America: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 74: Latin America: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 75: Brazil: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 76: Brazil: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 77: Mexico: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 78: Mexico: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 79: Others: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 80: Others: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 81: Middle East and Africa: Elevator Modernization Market: Sales Value (in Million USD), 2019 & 2024
Figure 82: Middle East and Africa: Elevator Modernization Market: Breakup by Country (in %), 2024
Figure 83: Middle East and Africa: Elevator Modernization Market Forecast: Sales Value (in Million USD), 2025-2033
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, 2024 and 2033
Table 2: Global: Elevator Modernization Market Forecast: Breakup by Elevator Type (in Million USD), 2025-2033
Table 3: Global: Elevator Modernization Market Forecast: Breakup by Modernization Type (in Million USD), 2025-2033
Table 4: Global: Elevator Modernization Market Forecast: Breakup by Components (in Million USD), 2025-2033
Table 5: Global: Elevator Modernization Market Forecast: Breakup by End User (in Million USD), 2025-2033
Table 6: Global: Elevator Modernization Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 7: Global: Elevator Modernization Market: Competitive Structure
Table 8: Global: Elevator Modernization Market: Key Players
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