Elevators Modernization Market By Elevator 2021 | IndustryARC
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Elevators Modernization Market
Elevators Modernization Market -By Elevator Type (Traction, Hydraulic) By Components (Controller, Door Equipment, Power Units and Others) By Type (Full & Phased Modernization) By End-User (Residential, Commercial, Marine, Industrial, Others)-Forecast(2016–2021)
Report Code : AIR 0058
Published: 22 June, 2016   No. of pages: 176

  • Report Description
  • Table of Contents
  • Tables And Figures
  • Customization Options
Elevator modernization is a process of upgrading the existing elevator to make the elevator safer, more efficient and more attractive. It is one of the emerging services in the elevator industry and encompasses two kinds of modernizations namely full modernization and partial modernization.  Modernization service providers assist the customers in choosing the modernization type and services. Increase in concerns towards energy efficiency, Co2 emissions and emphasis on security and safety are the primary factors that have been driving the growth for this market. Opposition from vintage elevator enthusiasts and the suitability of modernization with old power infrastructure buildings obstructs the reach of modernization services.
 
The global elevator modernization market has been analyzed with respect to different parameters such as demand, supply, end-users and service providers. Elevator modernization market encompasses two types of elevators hydraulic and traction, traction further classified into geared, gearless. The market is further classified based on the components, type, end-user and by geography.

Elevators Modernization Market

The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Europe is the dominating market which held a major revenue share in 2015 and is estimated as fastest growing market next to APAC, mainly driven by implementation of regulations from Safety Norm for Existing Lifts (SNEL) and increasing old high rise buildings. The global elevator modernization market is estimated to reach $11,289.0M by 2021 with CAGR of 4.16% during the forecast period.

Elevator modernization market is dominated by five companies, namely:
  • Otis Elevator Company (U.S)
  • ThyssenKrupp Elevator AG (Germany)
  • Schindler (Switzerland)
  • Kone Corporation (Finland)
  • Mitsubishi Electric Corporation (Japan)

All the above companies together held a major market share in 2015. These companies have significant presence in the modernization market with wide service offerings and considerable brand image.

Other companies in the market include:
  • Magnetek, Inc. (U.S)
  • Fujitec (Japan)
  • Hyundai Elevator Co., Ltd (Korea)
  • Wittur (Germany).

1. Elevator Modernization– Market Overview
2. Executive Summary
3. Elevator Modernization– Market Landscape

   3.1. Market Share Analysis
   3.2. Comparative Analysis
      3.2.1. Product Benchmarking
      3.2.2. End user profiling
      3.2.3. Top 5 Financials Analysis
4. Elevator Modernization– Market Forces
   4.1. Market Drivers
      4.1.1. Advancement in Elevator Components
      4.1.2. Aging Urban Population
      4.1.3. Enhanced emphasis on safety and security
      4.1.4. Environmental Demands from regulatory bodies
      4.1.5. Obsolescence of aged elevator parts
      4.1.6. Stringent Regulations of Elevator Function
   4.2. Market Constraints
      4.2.1. Opposition from Vintage Elevator Enthusiasts
      4.2.2. Elevator Modernization may not be suitable for buildings with older Power Infrastructure
   4.3. Market Challenges
      4.3.1. Apprehension by Facility Owners for Modernization
      4.3.2. Inconvenience to occupants
   4.4. Attractiveness of the Elevators Modernization Industry
      4.4.1. Power of Suppliers
      4.4.2. Power of Customers
      4.4.3. Threat of New entrants
      4.4.4. Threat of Substitution
      4.4.5. Degree of Competition
5. Elevator Modernization Market – Strategic Analysis
   5.1. Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Opportunities Analysis
   5.4. Product/Market Life Cycle Analysis
6. Elevator Modernization Market – By Component Type
   6.1. Introduction
   6.2. Controllers
   6.3. Door Equipment
   6.4. Cabin Enclosures
   6.5. Signalling Fixtures
   6.6. Power Units
   6.7. Others
7. Elevator Modernization Market – By Modernization Type
   7.1. Introduction
   7.2. Partial Modernization
   7.3. Full Modernization
8. Elevator Modernization Market – By End-User
   8.1. Introduction
   8.2. Residential Buildings
   8.3. Commercial
      8.3.1. Malls
      8.3.2. Hotels
      8.3.3. Offices
   8.4. Marine
   8.5. Industrial
   8.6. Institutional
   8.7. Transportation
   8.8. Others
9. Elevator Modernization Market—By Geography
   9.1. Introduction
   9.2. Americas
      9.2.1. U.S
      9.2.2. Canada
      9.2.3. Brazil
      9.2.4. Mexico
      9.2.5. Others
   9.3. Europe
      9.3.1. U.K.
      9.3.2. France
      9.3.3. Germany
      9.3.4. Others
   9.4. APAC
      9.4.1. China
      9.4.2. India
      9.4.3. Japan
      9.4.4. South Korea
      9.4.5. Others
   9.5. ROW
      9.5.1. Middle East
      9.5.2. Africa
10. Market Entropy
   10.1. New Product Launches
   10.2. M&As, Collaborations, JVs and Partnerships
11. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
   11.1. KONE Corporation
   11.2. Schindler Group
   11.3. Otis Elevator Company
   11.4. ThyssenKrupp Elevator AG
   11.5. Mitsubishi Electric
   11.6. Sematic S.p.A
   11.7. Wittur Group
   11.8. Fujitec Co.,Ltd
   11.9. Richmond Elevator (REM)
   11.10. Doppler S.A.
   11.11. Magnetek, Inc.
   11.12. Hyundai Elevator Co., Ltd.
   11.13. Johnson Lifts Private Ltd
   11.14. Hitachi Ltd
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
12. Appendix

   12.1. Abbreviations
   12.2. Sources
   12.3. Research Methodology
   12.4. Bibliography
   12.5. Compilation of Expert Insights
   12.6. Disclaimer
List of Tables:

Table 1: Product Benchmarking for the TOP Five Companies in Elevator Modernization Market
Table 2: Financial Analysis for the Top Five companies in the Elevator Modernization market, 2015
Table 3: Elevator Modernization Market Revenues, By Components, 2015-2021 ($Million)
Table 4: Elevator Modernization Market Volume, By Components, 2015-2021 (Units)
Table 5: Expected Life of Elevator Components
Table 6: Elevator Modernization Market Revenues, By Modernization Type 2015-2021 ($Million)
Table 7: Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 8: Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 9: Global Elevator Modernization Market Revenues, By Geography, 2015-2021 ($Million)
Table 10: Global Elevator Modernization Market Volume, By Geography, 2015-2021 (Units)
Table11: Americas Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 12: Americas Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 13: Americas Elevator Modernization Market Revenue, By End-users, 2015-2021 ($Million)
Table 14: Americas Elevator Modernization Market Volume, By End-users, 2015-2021 (Units)
Table 15: U.S. Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 16: U.S. Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 17: Canada, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 18: Canada, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 19: Brazil, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 20: Brazil, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 21: Mexico, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 22: Mexico, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 23: Others, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 24 : Others, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 25: Europe, Elevator Modernization Market Revenues, By Modernization Type, 2015-2021 ($Million)
Table 26: Europe, Elevator Modernization Market Revenues, By Components, 2015-2021 ($Million)
Table 27: Europe, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 28: Europe, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 29: U.K. Elevator Modernization Market Revenues, By Modernization Type, 2015-2021 ($Million)
Table 30: U.K. Elevator Modernization Market Revenues, By Components, 2015-2021 ($Million)
Table 31: U.K. Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 32: U.K. Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 33: France, Elevator Modernization Market Revenues, By Modernization Type, 2015-2021 ($Million)
Table 34: France, Elevator Modernization Market Revenues, By Components, 2015-2021 ($Million)
Table 35: France, Elevator Modernization Market Revenues, By End-Users, 2015-2021 ($Million)
Table 36: France, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 37: Germany, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 38: Germany, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 39: Germany, Elevator Modernization Market Revenue, By End-users, 2015-2021 ($Million)
Table 40: Germany, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 41: Others, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 42: Others, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 43: Others, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 44: Others, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 45: APAC, Elevator Modernization Market Revenue, By Modernization Type, By 2015-2021 ($Million)
Table 46: APAC, Elevator Modernization Market Revenue, By Components, By 2015-2021 ($Million)
Table 47: APAC, Elevator Modernization Market Revenue, By End-Users, By 2015-2021 ($Million)
Table 48: APAC, Elevator Modernization Market Volume, By End-Users, By 2015-2021 (Units)
Table 49: China, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 50: China, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 51: China, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 52: China, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 53: India, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 54: India, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 55: India, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 56: India, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 57: Japan, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 58: Japan, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 59: Japan, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 60: Japan, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 61: South Korea, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 62: South Korea, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 63: South Korea, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 64: South Korea, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 65: Others, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 66: Others, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 67 : Others, Elevator Modernization Market Revenue , By End-User, 2015-2021 ($Million)
Table 68: Others, Elevator Modernization Market Volume, By End-User, 2015-2021 (Units)
Table 69: RoW , Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 70: ROW, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 71: RoW, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 72: ROW , Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 73: Middle East, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 74: Middle East, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 75: Middle East , Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 76: Middle East, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 77: Africa, Elevator Modernization Market Revenue, By Modernization Type, 2015-2021 ($Million)
Table 78: Africa, Elevator Modernization Market Revenue, By Components, 2015-2021 ($Million)
Table 79: Africa, Elevator Modernization Market Revenue, By End-Users, 2015-2021 ($Million)
Table 80: Africa, Elevator Modernization Market Volume, By End-Users, 2015-2021 (Units)
Table 81 : Elevators Modernization Market: Major Acquisitions, 2012-2016*
Table 82: Elevators Modernization Market: Major Expansions and Joint Ventures, 2012-2016*


List of Figures:

Figure 1: Elevator Modernization Market – Classification – By Elevator Type
Figure 2 Elevator Modernization Market – Classification – By component Type
Figure 3: Elevator Modernization Market – Classification – By Modernization Type
Figure 4: Elevator Modernization Market – classification – End Users
Figure 5 Elevator Modernization Market – classification – By Geography
Figure 6: Global Elevator Modernization Market Segmentation, By Subsystems, 2015 (%)
Figure 7: Global Elevator Modernization Market Share, By Geographic Region, 2015 (%)
Figure 8: Global Elevator Modernization Market Share Analysis, 2015(%)
Figure 9: Global Elevators Modernization Market Share, By End Users,2015 (%)
Figure 10: Elevator Modernization Market PATENT ANALYSIS, Number of Patents, 2012-2015
Figure 11: Elevator Modernization Market – Patent Analysis, By Company 2012-2015 (%)
Figure 12: Elevator Modernization Market Value Chain Analysis
Figure 13: Elevator Modernization, Pricing Analysis, By Building Type ($)
Figure 14: Elevator Modernization, Pricing Analysis, By Region, 2003-2021* ($’000s)
Figure 15: Global Elevators Product Life Cycle Analysis
Figure 16: Global Elevators Modernization Market Life Cycle Analysis
Figure 17: Global Elevator Modernization Market, By controllers, 2015-2021 ($Million)
Figure 18: Global Elevator Modernization Market, By Door Equipment, 2015-2021 ($Million)
Figure 19: Global Elevator Modernization Market, By Cabin Enclosure, 2015-2021 ($Million)
Figure 20: Global Elevator Modernization Market, By Signaling Equipment, 2015-2021 ($Million)
Figure 21: Global Elevator Modernization Market, By Power Units, 2015-2021 ($Million)
Figure 22: Global Elevator Modernization Market, By Others, 2015-2021 ($Million)
Figure 23: Global Elevator Modernization Market, By Partial Modernization, 2015-2021 ($Million)
Figure 24: Global Elevator Modernization Market, By Full Modernization, 2015-2021 ($Million)
Figure 25: Global Elevator Modernization Market, By Residential, 2015-2021 ($Million)
Figure 26: Global Elevator Modernization Market, By Commercial, 2015-2021 ($Million)
Figure 27: Global Elevator Modernization Market, By Marine, 2015-2021 ($Million)
Figure 28: Global Elevator Modernization Market, By Industrial, 2015-2021 ($Million)
Figure 29: Global Elevator Modernization Market, By Institutional, 2015-2021 ($Million)
Figure 30: Global Elevator Modernization Market, By Transportation, 2015-2021 ($Million)
Figure 31: Global Elevator Modernization Market, By Others, 2015-2021 ($Million)
Figure 32: U.S. Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 33: Canada, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 34: Brazil, Elevator Modernization Market Revenue 2015-2021 ($Million)
Figure 35: Mexico, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 36: Others, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 37: U.K., Elevator Modernization Market Revenues, 2015-2021 ($Million)
Figure 38: France, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 39: Germany, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 40: Others, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 41: China, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 42: India, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 43: Japan, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 44: South Korea, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 45: Others, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 46: Middle East, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 47: Africa, Elevator Modernization Market Revenue, 2015-2021 ($Million)
Figure 48: Elevators Modernization Market, Strategy Share, 2012-2016* (%)
Figure 49: Elevators Modernization Market, Strategic Share, By Company, 2011-2016* (%)
Figure50: KONE Oyj B: Total Revenue, 2012-2015 ($Million)
Figure 51 : KONE Oyj B: Annual Revenue, By Segment, 2015 (%)
Figure52: KONE Oyj B: Annual Revenue, By Region, 2015 (%)
Figure 53: Schindler Group: Total Revenue, 2012-2015 ($Million)
Figure 54: Schindler Group: Annual Revenue, By Region, 2015 (%)
Figure 55: OTIS, Annual Revenue, 2012 – 2014 ($Million)
Figure 56: United Technologies Corporation: Annual Revenue, By Segment, 2015 (%)
Figure 57: ThyssenKrupp Elevator AG, Total Revenue, 2013-2016 ($Billion)
Figure 58: ThyssenKrupp Elevator AG, Annual Revenue, By Business segment, 2015 (%)
Figure 59: ThyssenKrupp Elevator AG, Annual Revenue, By Geography, 2015 (%)
Figure 60: Mitsubishi Electric: Total Revenue, 2013-2016* ($Billion)
Figure 61: Mitsubishi Electric: Total Revenue, by Segments, 2015 (%)
Figure 62: Fujitec co., Ltd, Total Revenue, 2013-2015 ($Billion)
Figure 63: Fujitec co., Ltd, Annual Revenue, By Geography, 2015(%)
Figure 64: COLUMBUS McKinnon, Total Revenue, 2013-2015($Million)
Figure 65: COLUMBUS McKinnon. Total Revenue, by Geography 2015(%)
Figure 66: Magnetek Inc. Total Revenue, by product, 2015(%)
Figure 67: Hyundai Elevators, Total Revenue, 2012-2014($Million)
Figure 68: Hitachi Ltd, Annual Revenue, 2012-2014 ($Billion)
Figure 69: Hitachi Group, Total Revenue, by Geography, 2015(%)
Figure 70: Hitachi Group: Total Revenue, by Segments, 2014 (%)
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