Global Elevator Modernization Solutions Market Research Report 2023

Report ID: 1542047 | Published Date: Jan 2025 | No. of Page: 90 | Base Year: 2024 | Rating: 3.8 | Webstory: Check our Web story
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1 Report Overview
    1.1 Study Scope
    1.2 Market Analysis by Type
        1.2.1 Global Elevator Modernization Solutions Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
        1.2.2 Power Units
        1.2.3 Cabin Enclosures
        1.2.4 Controllers and Signaling Fixtures
        1.2.5 Door Equipment
        1.2.6 Others
    1.3 Market by Application
        1.3.1 Global Elevator Modernization Solutions Market Share by Application: 2017 VS 2021 VS 2028
        1.3.2 Industrial
        1.3.3 Residential
        1.3.4 Commercial
        1.3.5 Others
    1.4 Study Objectives
    1.5 Years Considered
2 Global Growth Trends
    2.1 Global Elevator Modernization Solutions Market Perspective (2017-2028)
    2.2 Elevator Modernization Solutions Growth Trends by Region
        2.2.1 Elevator Modernization Solutions Market Size by Region: 2017 VS 2021 VS 2028
        2.2.2 Elevator Modernization Solutions Historic Market Size by Region (2017-2022)
        2.2.3 Elevator Modernization Solutions Forecasted Market Size by Region (2023-2028)
    2.3 Elevator Modernization Solutions Market Dynamics
        2.3.1 Elevator Modernization Solutions Industry Trends
        2.3.2 Elevator Modernization Solutions Market Drivers
        2.3.3 Elevator Modernization Solutions Market Challenges
        2.3.4 Elevator Modernization Solutions Market Restraints
3 Competition Landscape by Key Players
    3.1 Global Top Elevator Modernization Solutions Players by Revenue
        3.1.1 Global Top Elevator Modernization Solutions Players by Revenue (2017-2022)
        3.1.2 Global Elevator Modernization Solutions Revenue Market Share by Players (2017-2022)
    3.2 Global Elevator Modernization Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    3.3 Players Covered: Ranking by Elevator Modernization Solutions Revenue
    3.4 Global Elevator Modernization Solutions Market Concentration Ratio
        3.4.1 Global Elevator Modernization Solutions Market Concentration Ratio (CR5 and HHI)
        3.4.2 Global Top 10 and Top 5 Companies by Elevator Modernization Solutions Revenue in 2021
    3.5 Elevator Modernization Solutions Key Players Head office and Area Served
    3.6 Key Players Elevator Modernization Solutions Product Solution and Service
    3.7 Date of Enter into Elevator Modernization Solutions Market
    3.8 Mergers & Acquisitions, Expansion Plans
4 Elevator Modernization Solutions Breakdown Data by Type
    4.1 Global Elevator Modernization Solutions Historic Market Size by Type (2017-2022)
    4.2 Global Elevator Modernization Solutions Forecasted Market Size by Type (2023-2028)
5 Elevator Modernization Solutions Breakdown Data by Application
    5.1 Global Elevator Modernization Solutions Historic Market Size by Application (2017-2022)
    5.2 Global Elevator Modernization Solutions Forecasted Market Size by Application (2023-2028)
6 North America
    6.1 North America Elevator Modernization Solutions Market Size (2017-2028)
    6.2 North America Elevator Modernization Solutions Market Size by Country (2017-2022)
    6.3 North America Elevator Modernization Solutions Market Size by Country (2023-2028)
    6.4 United States
    6.5 Canada
7 Europe
    7.1 Europe Elevator Modernization Solutions Market Size (2017-2028)
    7.2 Europe Elevator Modernization Solutions Market Size by Country (2017-2022)
    7.3 Europe Elevator Modernization Solutions Market Size by Country (2023-2028)
    7.4 Germany
    7.5 France
    7.6 U.K.
    7.7 Italy
    7.8 Russia
    7.9 Nordic Countries
8 Asia-Pacific
    8.1 Asia-Pacific Elevator Modernization Solutions Market Size (2017-2028)
    8.2 Asia-Pacific Elevator Modernization Solutions Market Size by Country (2017-2022)
    8.3 Asia-Pacific Elevator Modernization Solutions Market Size by Country (2023-2028)
    8.4 China
    8.5 Japan
    8.6 South Korea
    8.7 Southeast Asia
    8.8 India
    8.9 Australia
9 Latin America
    9.1 Latin America Elevator Modernization Solutions Market Size (2017-2028)
    9.2 Latin America Elevator Modernization Solutions Market Size by Country (2017-2022)
    9.3 Latin America Elevator Modernization Solutions Market Size by Country (2023-2028)
    9.4 Mexico
    9.5 Brazil
10 Middle East & Africa
    10.1 Middle East & Africa Elevator Modernization Solutions Market Size (2017-2028)
    10.2 Middle East & Africa Elevator Modernization Solutions Market Size by Country (2017-2022)
    10.3 Middle East & Africa Elevator Modernization Solutions Market Size by Country (2023-2028)
    10.4 Turkey
    10.5 Saudi Arabia
    10.6 UAE
11 Key Players Profiles
    11.1 United Technologies Corporation
        11.1.1 United Technologies Corporation Company Detail
        11.1.2 United Technologies Corporation Business Overview
        11.1.3 United Technologies Corporation Elevator Modernization Solutions Introduction
        11.1.4 United Technologies Corporation Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.1.5 United Technologies Corporation Recent Development
    11.2 KONE Corporation
        11.2.1 KONE Corporation Company Detail
        11.2.2 KONE Corporation Business Overview
        11.2.3 KONE Corporation Elevator Modernization Solutions Introduction
        11.2.4 KONE Corporation Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.2.5 KONE Corporation Recent Development
    11.3 Schindler Holding Ltd.
        11.3.1 Schindler Holding Ltd. Company Detail
        11.3.2 Schindler Holding Ltd. Business Overview
        11.3.3 Schindler Holding Ltd. Elevator Modernization Solutions Introduction
        11.3.4 Schindler Holding Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.3.5 Schindler Holding Ltd. Recent Development
    11.4 ThyssenKrupp AG
        11.4.1 ThyssenKrupp AG Company Detail
        11.4.2 ThyssenKrupp AG Business Overview
        11.4.3 ThyssenKrupp AG Elevator Modernization Solutions Introduction
        11.4.4 ThyssenKrupp AG Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.4.5 ThyssenKrupp AG Recent Development
    11.5 Fujitec Co Ltd.
        11.5.1 Fujitec Co Ltd. Company Detail
        11.5.2 Fujitec Co Ltd. Business Overview
        11.5.3 Fujitec Co Ltd. Elevator Modernization Solutions Introduction
        11.5.4 Fujitec Co Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.5.5 Fujitec Co Ltd. Recent Development
    11.6 Hitachi Ltd.
        11.6.1 Hitachi Ltd. Company Detail
        11.6.2 Hitachi Ltd. Business Overview
        11.6.3 Hitachi Ltd. Elevator Modernization Solutions Introduction
        11.6.4 Hitachi Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.6.5 Hitachi Ltd. Recent Development
    11.7 Electra Elevators
        11.7.1 Electra Elevators Company Detail
        11.7.2 Electra Elevators Business Overview
        11.7.3 Electra Elevators Elevator Modernization Solutions Introduction
        11.7.4 Electra Elevators Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.7.5 Electra Elevators Recent Development
    11.8 Hyundai Elevator Co., Ltd
        11.8.1 Hyundai Elevator Co., Ltd Company Detail
        11.8.2 Hyundai Elevator Co., Ltd Business Overview
        11.8.3 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Introduction
        11.8.4 Hyundai Elevator Co., Ltd Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.8.5 Hyundai Elevator Co., Ltd Recent Development
    11.9 Mitsubishi Electric Corporation
        11.9.1 Mitsubishi Electric Corporation Company Detail
        11.9.2 Mitsubishi Electric Corporation Business Overview
        11.9.3 Mitsubishi Electric Corporation Elevator Modernization Solutions Introduction
        11.9.4 Mitsubishi Electric Corporation Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.9.5 Mitsubishi Electric Corporation Recent Development
    11.10 Toshiba International Corporation
        11.10.1 Toshiba International Corporation Company Detail
        11.10.2 Toshiba International Corporation Business Overview
        11.10.3 Toshiba International Corporation Elevator Modernization Solutions Introduction
        11.10.4 Toshiba International Corporation Revenue in Elevator Modernization Solutions Business (2017-2022)
        11.10.5 Toshiba International Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
    13.1 Research Methodology
        13.1.1 Methodology/Research Approach
        13.1.2 Data Source
    13.2 Disclaimer
    13.3 Author Details

List of Tables
    Table 1. Global Elevator Modernization Solutions Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028
    Table 2. Key Players of Power Units
    Table 3. Key Players of Cabin Enclosures
    Table 4. Key Players of Controllers and Signaling Fixtures
    Table 5. Key Players of Door Equipment
    Table 6. Key Players of Others
    Table 7. Global Elevator Modernization Solutions Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028
    Table 8. Global Elevator Modernization Solutions Market Size by Region (US$ Million): 2017 VS 2021 VS 2028
    Table 9. Global Elevator Modernization Solutions Market Size by Region (2017-2022) & (US$ Million)
    Table 10. Global Elevator Modernization Solutions Market Share by Region (2017-2022)
    Table 11. Global Elevator Modernization Solutions Forecasted Market Size by Region (2023-2028) & (US$ Million)
    Table 12. Global Elevator Modernization Solutions Market Share by Region (2023-2028)
    Table 13. Elevator Modernization Solutions Market Trends
    Table 14. Elevator Modernization Solutions Market Drivers
    Table 15. Elevator Modernization Solutions Market Challenges
    Table 16. Elevator Modernization Solutions Market Restraints
    Table 17. Global Elevator Modernization Solutions Revenue by Players (2017-2022) & (US$ Million)
    Table 18. Global Elevator Modernization Solutions Market Share by Players (2017-2022)
    Table 19. Global Top Elevator Modernization Solutions Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Elevator Modernization Solutions as of 2021)
    Table 20. Ranking of Global Top Elevator Modernization Solutions Companies by Revenue (US$ Million) in 2021
    Table 21. Global 5 Largest Players Market Share by Elevator Modernization Solutions Revenue (CR5 and HHI) & (2017-2022)
    Table 22. Key Players Headquarters and Area Served
    Table 23. Key Players Elevator Modernization Solutions Product Solution and Service
    Table 24. Date of Enter into Elevator Modernization Solutions Market
    Table 25. Mergers & Acquisitions, Expansion Plans
    Table 26. Global Elevator Modernization Solutions Market Size by Type (2017-2022) & (US$ Million)
    Table 27. Global Elevator Modernization Solutions Revenue Market Share by Type (2017-2022)
    Table 28. Global Elevator Modernization Solutions Forecasted Market Size by Type (2023-2028) & (US$ Million)
    Table 29. Global Elevator Modernization Solutions Revenue Market Share by Type (2023-2028)
    Table 30. Global Elevator Modernization Solutions Market Size by Application (2017-2022) & (US$ Million)
    Table 31. Global Elevator Modernization Solutions Revenue Market Share by Application (2017-2022)
    Table 32. Global Elevator Modernization Solutions Forecasted Market Size by Application (2023-2028) & (US$ Million)
    Table 33. Global Elevator Modernization Solutions Revenue Market Share by Application (2023-2028)
    Table 34. North America Elevator Modernization Solutions Market Size by Country (2017-2022) & (US$ Million)
    Table 35. North America Elevator Modernization Solutions Market Size by Country (2023-2028) & (US$ Million)
    Table 36. Europe Elevator Modernization Solutions Market Size by Country (2017-2022) & (US$ Million)
    Table 37. Europe Elevator Modernization Solutions Market Size by Country (2023-2028) & (US$ Million)
    Table 38. Asia-Pacific Elevator Modernization Solutions Market Size by Region (2017-2022) & (US$ Million)
    Table 39. Asia-Pacific Elevator Modernization Solutions Market Size by Region (2023-2028) & (US$ Million)
    Table 40. Latin America Elevator Modernization Solutions Market Size by Country (2017-2022) & (US$ Million)
    Table 41. Latin America Elevator Modernization Solutions Market Size by Country (2023-2028) & (US$ Million)
    Table 42. Middle East & Africa Elevator Modernization Solutions Market Size by Country (2017-2022) & (US$ Million)
    Table 43. Middle East & Africa Elevator Modernization Solutions Market Size by Country (2023-2028) & (US$ Million)
    Table 44. United Technologies Corporation Company Detail
    Table 45. United Technologies Corporation Business Overview
    Table 46. United Technologies Corporation Elevator Modernization Solutions Product
    Table 47. United Technologies Corporation Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 48. United Technologies Corporation Recent Development
    Table 49. KONE Corporation Company Detail
    Table 50. KONE Corporation Business Overview
    Table 51. KONE Corporation Elevator Modernization Solutions Product
    Table 52. KONE Corporation Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 53. KONE Corporation Recent Development
    Table 54. Schindler Holding Ltd. Company Detail
    Table 55. Schindler Holding Ltd. Business Overview
    Table 56. Schindler Holding Ltd. Elevator Modernization Solutions Product
    Table 57. Schindler Holding Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 58. Schindler Holding Ltd. Recent Development
    Table 59. ThyssenKrupp AG Company Detail
    Table 60. ThyssenKrupp AG Business Overview
    Table 61. ThyssenKrupp AG Elevator Modernization Solutions Product
    Table 62. ThyssenKrupp AG Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 63. ThyssenKrupp AG Recent Development
    Table 64. Fujitec Co Ltd. Company Detail
    Table 65. Fujitec Co Ltd. Business Overview
    Table 66. Fujitec Co Ltd. Elevator Modernization Solutions Product
    Table 67. Fujitec Co Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 68. Fujitec Co Ltd. Recent Development
    Table 69. Hitachi Ltd. Company Detail
    Table 70. Hitachi Ltd. Business Overview
    Table 71. Hitachi Ltd. Elevator Modernization Solutions Product
    Table 72. Hitachi Ltd. Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 73. Hitachi Ltd. Recent Development
    Table 74. Electra Elevators Company Detail
    Table 75. Electra Elevators Business Overview
    Table 76. Electra Elevators Elevator Modernization Solutions Product
    Table 77. Electra Elevators Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 78. Electra Elevators Recent Development
    Table 79. Hyundai Elevator Co., Ltd Company Detail
    Table 80. Hyundai Elevator Co., Ltd Business Overview
    Table 81. Hyundai Elevator Co., Ltd Elevator Modernization Solutions Product
    Table 82. Hyundai Elevator Co., Ltd Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 83. Hyundai Elevator Co., Ltd Recent Development
    Table 84. Mitsubishi Electric Corporation Company Detail
    Table 85. Mitsubishi Electric Corporation Business Overview
    Table 86. Mitsubishi Electric Corporation Elevator Modernization Solutions Product
    Table 87. Mitsubishi Electric Corporation Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 88. Mitsubishi Electric Corporation Recent Development
    Table 89. Toshiba International Corporation Company Detail
    Table 90. Toshiba International Corporation Business Overview
    Table 91. Toshiba International Corporation Elevator Modernization Solutions Product
    Table 92. Toshiba International Corporation Revenue in Elevator Modernization Solutions Business (2017-2022) & (US$ Million)
    Table 93. Toshiba International Corporation Recent Development
    Table 94. Research Programs/Design for This Report
    Table 95. Key Data Information from Secondary Sources
    Table 96. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Elevator Modernization Solutions Market Share by Type: 2021 VS 2028
    Figure 2. Power Units Features
    Figure 3. Cabin Enclosures Features
    Figure 4. Controllers and Signaling Fixtures Features
    Figure 5. Door Equipment Features
    Figure 6. Others Features
    Figure 7. Global Elevator Modernization Solutions Market Share by Application in 2021 & 2028
    Figure 8. Industrial Case Studies
    Figure 9. Residential Case Studies
    Figure 10. Commercial Case Studies
    Figure 11. Others Case Studies
    Figure 12. Elevator Modernization Solutions Report Years Considered
    Figure 13. Global Elevator Modernization Solutions Market Size (US$ Million), Year-over-Year: 2017-2028
    Figure 14. Global Elevator Modernization Solutions Market Size, (US$ Million), 2017 VS 2021 VS 2028
    Figure 15. Global Elevator Modernization Solutions Market Share by Region: 2021 VS 2028
    Figure 16. Global Elevator Modernization Solutions Market Share by Players in 2021
    Figure 17. Global Top Elevator Modernization Solutions Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Elevator Modernization Solutions as of 2021)
    Figure 18. The Top 10 and 5 Players Market Share by Elevator Modernization Solutions Revenue in 2021
    Figure 19. North America Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 20. North America Elevator Modernization Solutions Market Share by Country (2017-2028)
    Figure 21. United States Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 22. Canada Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 23. Europe Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 24. Europe Elevator Modernization Solutions Market Share by Country (2017-2028)
    Figure 25. Germany Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 26. France Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 27. U.K. Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 28. Italy Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 29. Russia Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 30. Nordic Countries Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 31. Asia-Pacific Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 32. Asia-Pacific Elevator Modernization Solutions Market Share by Region (2017-2028)
    Figure 33. China Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 34. Japan Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 35. South Korea Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 36. Southeast Asia Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 37. India Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 38. Australia Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 39. Latin America Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 40. Latin America Elevator Modernization Solutions Market Share by Country (2017-2028)
    Figure 41. Mexico Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 42. Brazil Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 43. Middle East & Africa Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 44. Middle East & Africa Elevator Modernization Solutions Market Share by Country (2017-2028)
    Figure 45. Turkey Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 46. Saudi Arabia Elevator Modernization Solutions Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 47. United Technologies Corporation Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 48. KONE Corporation Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 49. Schindler Holding Ltd. Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 50. ThyssenKrupp AG Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 51. Fujitec Co Ltd. Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 52. Hitachi Ltd. Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 53. Electra Elevators Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 54. Hyundai Elevator Co., Ltd Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 55. Mitsubishi Electric Corporation Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 56. Toshiba International Corporation Revenue Growth Rate in Elevator Modernization Solutions Business (2017-2022)
    Figure 57. Bottom-up and Top-down Approaches for This Report
    Figure 58. Data Triangulation
    Figure 59. Key Executives Interviewed
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Companies Included in Reports:
United Technologies Corporation
KONE Corporation
Schindler Holding Ltd.
ThyssenKrupp AG
Fujitec Co Ltd.
Hitachi Ltd.
Electra Elevators
Hyundai Elevator Co., Ltd
Mitsubishi Electric Corporation
Toshiba International Corporation
Frequently Asked Questions
Elevator Modernization Solutions report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Elevator Modernization Solutions report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Elevator Modernization Solutions report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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