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 $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.)

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

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, $ mn 35 Table 4. Global Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 39 Table 5. Global Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2015-2026, $ mn 41 Table 6. Global Elevator Modernization Market: Traction Elevators by Elevator Type, 2015-2026, $ mn 45 Table 7. Global Elevator Modernization Market by Component, 2015-2026, $ mn 51 Table 8. Global Elevator Modernization Market: Controllers by Type, 2015-2026, $ mn 55 Table 9. Global Elevator Modernization Market by Application, 2015-2026, $ mn 59 Table 10. Global Elevator Modernization Market by Region, 2015-2026, $ mn 65 Table 11. Leading National Elevator Modernization Market, 2019 and 2026, $ mn 67 Table 12. North America Elevator Modernization Market by Country, 2015-2026, $ mn 70 Table 13. U.S. Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 73 Table 14. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 73 Table 15. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 73 Table 16. Canada Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 76 Table 17. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 76 Table 18. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 76 Table 19. Mexico Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 78 Table 20. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 78 Table 21. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 78 Table 22. Europe Elevator Modernization Market by Country, 2015-2026, $ mn 81 Table 23. UK Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 83 Table 24. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 83 Table 25. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 83 Table 26. France Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 85 Table 27. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 85 Table 28. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 85 Table 29. Germany Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 87 Table 30. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 87 Table 31. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 87 Table 32. Spain Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 89 Table 33. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 89 Table 34. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 89 Table 35. Italy Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 91 Table 36. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 91 Table 37. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 91 Table 38. Russia Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 93 Table 39. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 93 Table 40. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 93 Table 41. Elevator Modernization Market in Rest of Europe by Country, 2015-2026, $ mn 95 Table 42. APAC Elevator Modernization Market by Country, 2015-2026, $ mn 98 Table 43. China Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 100 Table 44. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 100 Table 45. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 100 Table 46. Japan Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 103 Table 47. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 103 Table 48. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 103 Table 49. India Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 105 Table 50. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 105 Table 51. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 105 Table 52. Australia Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 107 Table 53. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 107 Table 54. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 107 Table 55. South Korea Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 109 Table 56. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 109 Table 57. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 109 Table 58. Elevator Modernization Market in Rest of APAC by Country, 2015-2026, $ mn 111 Table 59. South America Elevator Modernization Market by Country, 2015-2026, $ mn 114 Table 60. Argentina Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 116 Table 61. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 116 Table 62. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 116 Table 63. Brazil Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 118 Table 64. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 118 Table 65. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 118 Table 66. Chile Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 120 Table 67. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 120 Table 68. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 120 Table 69. RoW Elevator Modernization Market by Country, 2015-2026, $ mn 124 Table 70. UAE Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 126 Table 71. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 126 Table 72. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 126 Table 73. Saudi Arabia Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 128 Table 74. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 128 Table 75. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 128 Table 76. Egypt Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 130 Table 77. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 130 Table 78. U.S. Elevator Modernization Market by Application, 2015-2026, $ 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, $ 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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