Elevator Modernization Market Growth rate, Revenue Analysis and Industry Forecast, 2018-2022


Global Elevator Modernization Market is expected to reach $12,283 million by 2022. Rapid urbanization, awareness about safety, demographic changes, and development in commercial, residential as well as industrial sector have driven the growth in elevator modernization market.However, unsuitable designs of elevators and environmental hazards from elevators restraint the market growth. Yet, adoption of machine room-less elevators, green elevators, and other eco-friendly designs of elevators have provided huge opportunities for the growth of elevator modernization industry.

Furthermore, rise in investments in commercial sectors such as IT & BFSI buildings, malls & hospitality, hospitals, airports, transportation, and other commercial buildings, rapid urbanization & industrialization, and significant GDP growth will enable elevator modernization market to bloom in the near future.

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The market research report helps analyze the Elevator Modernization market on a global basis and also offers forecast and statistics in terms of revenue for the anticipated forecast period 2018 to 2022. This research study offers a detailed overview of the market dynamics that are expected to affect the overall industry in the coming few years.

Key players included in this report include Otis Elevator Company, KONE Corporation, ThyssenKrupp AG, Mitsubishi Electric Corporation, Fujitec Corporation, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Toshiba Elevator and Building Systems Corporation, and ShenYang Yuanda Intellectual Industry Group Co., Ltd.

The global elevator modernization industry market is segmented based on elevator type, components, end users, and geography. Based on elevator type, the market is studied for two major types-traction and hydraulic elevators. Components used in elevator modernization include controllers, door equipment, cabin/cab enclosures, signaling fixtures, power unit, and others. Elevator modernization market is further analyzed based on end users which include commercial sector, residential sector, and industrial sector. The market is studied across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

An in-depth analysis of the global elevator modernization market is provided along with the market dynamics that would give detailed understanding of elevator modernization market size and related facts.
Quantitative analysis of the current market and future estimations from 2014 to 2022 is projected to assist strategists to design business strategies to capitalize on the prevailing market opportunities.
Porter’s Five Forces analysis examines the competitive structure of the elevator modernization industry and provides a clear understanding of the factors that influence the market entry and market expansion.
A detailed analysis of geographical segments and contribution of other segments in overall elevator modernization market share is provided in this report.
A comprehensive analysis of market trends, sub-segments, and key revenue pockets is provided.
Analysis of the key leaders and their business strategies is anticipated to assist stakeholders to make more informed business decisions.
A detailed company profile analysis is provided, that highlights major developments such as mergers and acquisitions, expansions, and new product launch in elevator modernization industry.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Elevator Modernization Market By Elevator Type

Chapter 5: Elevator Modernization Market, By Component

Chapter 6: Elevator Modernization Market, By End User

Chapter 7 Elevator Modernization Market By Geography

Chapter 8: Company Profiles

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