The global elevator maintenance and repair, new installation and modernization market is expected to grow at a CAGR of 4.5% from 2021 to 2030. The maintenance and repair segment is the largest segment in the global market, with about 46% market share in 2018. Elevator Maintenance & Repair accounted for over 61% of the global market share in residential area. North America accounted for over 40% of the global elevator maintenance and repair, new installation and modernization market revenue in 2018.
- The increasing number of high-rise buildings in developing countries such as China and India is also expected to drive the growth of this market over the forecast period (2017-2025).
- Increasing urbanization and population density are also expected to fuel demand for elevators in residential buildings over the forecast period (2017-2025) 5) Increasing awareness about safety standards for elevators will be another factor driving this market's growth over the forecast period (2017-2025).
Industry Growth Insights published a new data on “Elevator Maintenance & Repair, New Installation & Modernization Market”. The research report is titled “Elevator Maintenance & Repair, New Installation & Modernization Market research by Types (Maintenance & Repair, New Installation, Modernization, Others, By type?maintenance and repair is the largest segment, with about 46% market share in 2018., Elevator Maintenance & Repair, New Installation & Modernizatio), By Applications (Commercial, Residential, Others, By application, residential area accounted for a major share of over 61% the globa market.), By Players/Companies Otis, KONE, Hitachi, Fujitec, Bagby Elevator Company, Syney Electric, Schindler Elevator Corporation, D&D Elevator, EMR Elevator, Orona, Eastern Elevators Group, Mid-American Elevator, HISA, Century Elevator (BrandSafway), Asheville Elevator, Brandywine Elevator Company, Veterans Development, Warren Elevator, Pickerings Lifts, Potomac Elevator Company, Elevator Maintenance & Repair, New Installation & Modernizatio”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Maintenance & Repair, New Installation & Modernization Market Research Report
By Type
Maintenance & Repair, New Installation, Modernization, Others, By type?maintenance and repair is the largest segment, with about 46% market share in 2018., Elevator Maintenance & Repair, New Installation & Modernizatio
By Application
Commercial, Residential, Others, By application, residential area accounted for a major share of over 61% the globa market.
By Companies
Otis, KONE, Hitachi, Fujitec, Bagby Elevator Company, Syney Electric, Schindler Elevator Corporation, D&D Elevator, EMR Elevator, Orona, Eastern Elevators Group, Mid-American Elevator, HISA, Century Elevator (BrandSafway), Asheville Elevator, Brandywine Elevator Company, Veterans Development, Warren Elevator, Pickerings Lifts, Potomac Elevator Company, Elevator Maintenance & Repair, New Installation & Modernizatio
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Maintenance & Repair, New Installation & Modernization Market Report Segments:
The global Elevator Maintenance & Repair, New Installation & Modernization market is segmented on the basis of:
Types
Maintenance & Repair, New Installation, Modernization, Others, By type?maintenance and repair is the largest segment, with about 46% market share in 2018., Elevator Maintenance & Repair, New Installation & Modernizatio
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Others, By application, residential area accounted for a major share of over 61% the globa market.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Otis
- KONE
- Hitachi
- Fujitec
- Bagby Elevator Company
- Syney Electric
- Schindler Elevator Corporation
- D&D Elevator
- EMR Elevator
- Orona
- Eastern Elevators Group
- Mid-American Elevator
- HISA
- Century Elevator (BrandSafway)
- Asheville Elevator
- Brandywine Elevator Company
- Veterans Development
- Warren Elevator
- Pickerings Lifts
- Potomac Elevator Company
- Elevator Maintenance & Repair, New Installation & Modernizatio
Highlights of The Elevator Maintenance & Repair, New Installation & Modernization Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Maintenance & Repair
- New Installation
- Modernization
- Others
- By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
- Elevator Maintenance & Repair, New Installation & Modernizatio
- By Application:
- Commercial
- Residential
- Others
- By application, residential area accounted for a major share of over 61% the globa market.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elevator Maintenance & Repair, New Installation & Modernization Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elevator maintenance and repair is the process of keeping an elevator in good working order. This includes regular inspections, repairs, and replacements as needed. Elevator modernization is the installation of new technology in elevators to make them more efficient and safer.
Some of the key players operating in the elevator maintenance & repair, new installation & modernization market are Otis, KONE, Hitachi, Fujitec, Bagby Elevator Company, Syney Electric, Schindler Elevator Corporation, D&D Elevator, EMR Elevator, Orona, Eastern Elevators Group, Mid-American Elevator, HISA, Century Elevator (BrandSafway), Asheville Elevator, Brandywine Elevator Company, Veterans Development, Warren Elevator, Pickerings Lifts, Potomac Elevator Company, Elevator Maintenance & Repair, New Installation & Modernizatio.
The elevator maintenance & repair, new installation & modernization market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elevator Maintenance & Repair, New Installation & Modernization Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Elevator Maintenance & Repair, New Installation & Modernization Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Elevator Maintenance & Repair, New Installation & Modernization Market - Supply Chain
4.5. Global Elevator Maintenance & Repair, New Installation & Modernization Market Forecast
4.5.1. Elevator Maintenance & Repair, New Installation & Modernization Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elevator Maintenance & Repair, New Installation & Modernization Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elevator Maintenance & Repair, New Installation & Modernization Market Absolute $ Opportunity
5. Global Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
5.3.1. Maintenance & Repair
5.3.2. New Installation
5.3.3. Modernization
5.3.4. Others
5.3.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
5.3.6. Elevator Maintenance & Repair, New Installation & Modernizatio
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Others
6.3.4. By application, residential area accounted for a major share of over 61% the globa market.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Elevator Maintenance & Repair, New Installation & Modernization Demand Share Forecast, 2019-2026
9. North America Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Others
9.4.4. By application, residential area accounted for a major share of over 61% the globa market.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
9.7.1. Maintenance & Repair
9.7.2. New Installation
9.7.3. Modernization
9.7.4. Others
9.7.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
9.7.6. Elevator Maintenance & Repair, New Installation & Modernizatio
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Elevator Maintenance & Repair, New Installation & Modernization Demand Share Forecast, 2019-2026
10. Latin America Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Others
10.4.4. By application, residential area accounted for a major share of over 61% the globa market.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
10.7.1. Maintenance & Repair
10.7.2. New Installation
10.7.3. Modernization
10.7.4. Others
10.7.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
10.7.6. Elevator Maintenance & Repair, New Installation & Modernizatio
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Elevator Maintenance & Repair, New Installation & Modernization Demand Share Forecast, 2019-2026
11. Europe Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Others
11.4.4. By application, residential area accounted for a major share of over 61% the globa market
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
11.7.1. Maintenance & Repair
11.7.2. New Installation
11.7.3. Modernization
11.7.4. Others
11.7.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
11.7.6. Elevator Maintenance & Repair, New Installation & Modernizatio
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Elevator Maintenance & Repair, New Installation & Modernization Demand Share, 2019-2026
12. Asia Pacific Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Others
12.4.4. By application, residential area accounted for a major share of over 61% the globa market.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
12.7.1. Maintenance & Repair
12.7.2. New Installation
12.7.3. Modernization
12.7.4. Others
12.7.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
12.7.6. Elevator Maintenance & Repair, New Installation & Modernizatio
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Elevator Maintenance & Repair, New Installation & Modernization Demand Share, 2019-2026
13. Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Others
13.4.4. By application, residential area accounted for a major share of over 61% the globa market.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Market Size and Volume Forecast by Type
13.7.1. Maintenance & Repair
13.7.2. New Installation
13.7.3. Modernization
13.7.4. Others
13.7.5. By type?maintenance and repair is the largest segment, with about 46% market share in 2018.
13.7.6. Elevator Maintenance & Repair, New Installation & Modernizatio
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Elevator Maintenance & Repair, New Installation & Modernization Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elevator Maintenance & Repair, New Installation & Modernization Market: Market Share Analysis
14.2. Elevator Maintenance & Repair, New Installation & Modernization Distributors and Customers
14.3. Elevator Maintenance & Repair, New Installation & Modernization Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Otis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KONE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fujitec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bagby Elevator Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Syney Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schindler Elevator Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. D&D Elevator
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EMR Elevator
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orona
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Eastern Elevators Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mid-American Elevator
14.4.12.1. Overview
&n
