North America 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

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North America elevator modernization market is expected to grow by 5.4% annually in the forecast period and reach $3,225.9 million by 2026. Highlighted with 26 tables and 44 figures, this 102-page report “North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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: • U.S. • Canada • Mexico 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 North America 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 6 1.1 Industry Definition and Research Scope 6 1.1.1 Industry Definition 6 1.1.2 Research Scope 7 1.2 Research Methodology 10 1.2.1 Overview of Market Research Methodology 10 1.2.2 Market Assumption 11 1.2.3 Secondary Data 11 1.2.4 Primary Data 11 1.2.5 Data Filtration and Model Design 13 1.2.6 Market Size/Share Estimation 14 1.2.7 Research Limitations 15 1.3 Executive Summary 16 2 Market Overview and Dynamics 18 2.1 Market Size and Forecast 18 2.2 Major Growth Drivers 19 2.3 Market Restraints and Challenges 22 2.4 Emerging Opportunities and Market Trends 25 2.5 Porter’s Fiver Forces Analysis 29 3 Segmentation of North America Market by Modernization Type 33 3.1 Market Overview by Modernization Type 33 3.2 Full Modernization 35 3.3 Partial Modernization 36 4 Segmentation of North America Market by Elevator Type 37 4.1 Market Overview by Elevator Type 37 4.2 Hydraulic Elevators 39 4.2.1 Conventional Hydraulic Elevators 40 4.2.2 Hole-less Hydraulic Elevators 41 4.2.3 Roped Hydraulic Elevators 42 4.3 Traction Elevators 43 4.3.1 Geared Traction Elevators 45 4.3.2 Gear-less Traction Elevators 46 4.3.3 Machine Room-Less Elevators 47 4.4 Climbing Elevators 48 4.5 Pneumatic/Vacuum Elevators 49 5 Segmentation of North America Market by Component 50 5.1 Market Overview by Component 50 5.2 Power Units 52 5.3 Cabin Enclosures 53 5.4 Controllers 54 5.5 Signaling Fixtures 55 5.6 Door Equipment 56 5.7 Other Components 57 6 Segmentation of North America Market by Application 58 6.1 Market Overview by Application 58 6.2 Industrial Application 60 6.3 Residential Application 61 6.4 Commercial Application 62 7 North America Market 2019-2026 by Country 63 7.1 Overview of North America Market 63 7.2 U.S. 66 7.3 Canada 70 7.4 Mexico 72 8 Competitive Landscape 74 8.1 Overview of Key Vendors 74 8.2 New Product Launch, Partnership, Investment, and M&A 77 8.3 Company Profiles 78 Doppler S.A. 78 Fujitec Co., Ltd. 80 Hitachi, Ltd. 81 Hyundai Elevator Co., Ltd. 82 Johnson Lifts Private Ltd 83 KONE Corporation 84 Magnetek, Inc. 85 Mitsubishi Electric Corporation 86 Otis Elevator Company 87 Richmond Elevator (REM) 88 Schindler Holding Ltd. 89 Sematic S.p.A 90 Siemens AG 91 ThyssenKrupp Elevator AG 92 Toshiba Elevator and Building Systems Corporation (TOSHIBA) 93 United Technologies Corporation 94 Wittur Group 95 9 Investing in North America Market: Risk Assessment and Management 96 9.1 Risk Evaluation of North America Market 96 9.2 Critical Success Factors (CSFs) 99 Related Reports and Products 102

Table 1. Snapshot of North America Elevator Modernization Market, 2019-2026 17 Table 2. Main Product Trends and Market Opportunities in North America Elevator Modernization Market 25 Table 3. North America Elevator Modernization Market by Modernization Type, 2015-2026, $ mn 33 Table 4. North America Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 37 Table 5. North America Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2015-2026, $ mn 39 Table 6. North America Elevator Modernization Market: Traction Elevators by Elevator Type, 2015-2026, $ mn 43 Table 7. North America Elevator Modernization Market by Component, 2015-2026, $ mn 50 Table 8. North America Elevator Modernization Market: Controllers by Type, 2015-2026, $ mn 54 Table 9. North America Elevator Modernization Market by Application, 2015-2026, $ mn 58 Table 10. North America Elevator Modernization Market by Country, 2015-2026, $ mn 64 Table 11. U.S. Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 68 Table 12. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 68 Table 13. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 68 Table 14. Canada Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 71 Table 15. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 71 Table 16. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 71 Table 17. Mexico Elevator Modernization Market by Elevator Type, 2015-2026, $ mn 73 Table 18. U.S. Elevator Modernization Market by Component, 2015-2026, $ mn 73 Table 19. U.S. Elevator Modernization Market by Application, 2015-2026, $ mn 73 Table 20. Doppler S.A.: Company Snapshot 78 Table 21. Doppler S.A.: Business Segmentation 78 Table 22. Doppler S.A.: Product Portfolio 79 Table 23. Doppler S.A.: Revenue, 2016-2018, $ mn 79 Table 24. Doppler S.A.: Recent Developments 79 Table 25. Risk Evaluation for Investing in North America Market, 2019-2026 97 Table 26. Critical Success Factors and Key Takeaways 100

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