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Elevator Modernization Market By Elevator Type, Component and End User - Global Industry Analysis And Forecast To 2027

Published On : November 2018 Pages : 130 Category: Industrial Automation Report Code : ME111817

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Elevator Modernization Market By Elevator Type (Hydraulic Elevator and Traction Elevator), Component (Power Units, Controllers, Signaling Fixtures, Door Equipment, Cabin Enclosures and Other Components) and End User (Industrial Sector, Commercial Sector and Residential Sector) - Global Industry Analysis And Forecast To 2027      

Industry Outlook

The Elevator Modernization also referred to as the lift modernization is the way toward improving the basic parts related to the lift with the goal for it to have the capability to deal with new innovation, have better execution, enhance the safety feature, and even provide the lift a feel of the to-date appeal. The term, elevator (lift) replacement work is likewise sometimes connected with the modernization of elevator. The modernization of procedure will figure out which parts of the lift should be modernized, the extent of the methodology, and in particular, ensuring that code consistence is met. When this is completed, preventive support should be done until the point when the lift is expelled from service. Therefore, the Elevator Modernization Market is anticipated to expand and has tremendous scope during the forecast period. The global Elevator Modernization Market anticipated to flourish in the future by growing at a significantly higher CAGR.

Market Segmentation

Based on Type the market is segmented into Hydraulic Elevator and Traction Elevator. The Traction Elevator section is leading the market share with the geared & gearless versions. The geared version is utilized more as the power requirement by the elevators is less, these elevators are more cost effectives.

Based on Component the market is segmented into Power Units, Controllers, Signaling Fixtures, Door Equipment, Cabin Enclosures and Other Components.

Based on End User the market is segmented into Industrial Sector, Commercial Sector and Residential Sector. The Commercial Sector section is leading the market due to increasing development in the elevators by the [layers to provide energy efficient & eco-friendly products to reduce harm to environment.

Regional Insights

The North American region is leading the global Elevator Modernization Market owing to rising advancement in the commercial sector, steady growth in the housing sector, rising investment in the up-gradation of the existing structures, number of high rise structures coming up in this region, etc.

Elevator Modernization Market, By Region

    • North America
  • U.S.
  • Canada
  • Mexico
    • Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
    • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Southeast Asia
  • Rest of Asia-Pacific
    • South America
  • Brazil
  • Argentina
  • Columbia
  • Rest of South America
    • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of MEA

Competitive Analysis

The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.

  • ShenYang Yuanda Intellectual Industry Group Co., Ltd.
  • Otis Elevator Company
  • Toshiba Elevator and Building Systems Corporation
  • KONE Corporation
  • Hyundai Elevator Co., Ltd.
  • ThyssenKrupp AG
  • Mitsubishi Electric Corporation
  • Hitachi, Ltd
  • Fujitec Corporation

Some of the key questions answered by the report are:          

  • What was the market size in 2017 and forecast from 2017 to 2027?
  • What will be the industry market growth from 2017 to 2027?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

o   Elevator Modernization Market, By Elevator Type, Estimates and Forecast, 2017-2027 ($Million)

o   Hydraulic Elevator

o   Traction Elevator

o   Elevator Modernization Market, By Component, Estimates and Forecast, 2017-2027 ($Million)

o   Power Units

o   Controllers

o   Signaling Fixtures

o   Door Equipment

o   Cabin Enclosures

o   Other Components

o   Elevator Modernization Market, By End User, Estimates and Forecast, 2017-2027 ($Million)

o   Industrial Sector

o   Commercial Sector

o   Residential Sector

o   Elevator Modernization Market, By Region, Estimates and Forecast, 2017-2027 ($Million)

o   North America

§  North America Elevator Modernization Market, By Country

o   U.S. Elevator Modernization Market

o   Canada Elevator Modernization Market

o   Mexico Elevator Modernization Market

o   Europe

§  Europe Elevator Modernization Market, By Country

o   Germany Elevator Modernization Market

o   UK Elevator Modernization Market

o   France Elevator Modernization Market

o   Russia Elevator Modernization Market

o   Italy Elevator Modernization Market

o   Rest of Europe Elevator Modernization Market

o   Asia-Pacific

§  Asia-Pacific Elevator Modernization Market, By Country

o   China Elevator Modernization Market

o   Japan Elevator Modernization Market

o   South Korea  Elevator Modernization Market

o   India Elevator Modernization Market

o   Southeast Asia Elevator Modernization Market

o   Rest of Asia-Pacific Elevator Modernization Market

o   South America

§  South America Elevator Modernization Market, By Country

o   Brazil Elevator Modernization Market

o   Argentina Elevator Modernization Market

o   Columbia Elevator Modernization Market

o   Rest of South America Elevator Modernization Market

o   Middle East and Africa

§  Middle East and Africa Elevator Modernization Market, By Country

o   Saudi Arabia Elevator Modernization Market

o   UAE Elevator Modernization Market

o   Egypt Elevator Modernization Market

o   Nigeria Elevator Modernization Market

o   South Africa Elevator Modernization Market

o   Rest of MEA Elevator Modernization Market

Table of Contents:

1.       Introduction

1.1.     Report Description

2.       Executive Summary

2.1.     Key Highlights

3.       Market Overview

3.1.     Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.     Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

3.3.     SWOT Analysis

4.       Market Analysis by Regions

4.1.     North America (United States, Canada and Mexico)

4.1.1.  United States Market Status and Outlook (2017-2027)

4.1.2.  Canada Market Status and Outlook (2017-2027)

4.1.3.  Mexico Market Status and Outlook (2017-2027)

4.2.     Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market Status and Outlook (2017-2027)

4.2.2.  France Market Status and Outlook (2017-2027)

4.2.3.  UK Market Status and Outlook (2017-2027)

4.2.4.  Russia Market Status and Outlook (2017-2027)

4.2.5.  Italy Market Status and Outlook (2017-2027)

4.2.6.  Rest of Europe Market Status and Outlook (2017-2027)

4.3.     Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market Status and Outlook (2017-2027)

4.3.2.  Japan Market Status and Outlook (2017-2027)

4.3.3.  Korea Market Status and Outlook (2017-2027)

4.3.4.  India Market Status and Outlook (2017-2027)

4.3.5.  Southeast Asia Market Status and Outlook (2017-2027)

4.3.6.  Rest of Asia-Pacific Market Status and Outlook (2017-2027)

4.4.     South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market Status and Outlook (2017-2027)

4.4.2.  Argentina Market Status and Outlook (2017-2027)

4.4.3.  Columbia Market Status and Outlook (2017-2027)

4.4.4.  Rest of South America Market Status and Outlook (2017-2027)

4.5.     Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market Status and Outlook (2017-2027)

4.5.2.  United Arab Emirates Market Status and Outlook (2017-2027)

4.5.3.  Egypt Market Status and Outlook (2017-2027)

4.5.4.  Nigeria Market Status and Outlook (2017-2027)

4.5.5.  South Africa Market Status and Outlook (2017-2027)

4.5.6.  Turkey Market Status and Outlook (2017-2027)

4.5.7.  Rest of Middle East and Africa Market Status and Outlook (2017-2027)

5.       Elevator Modernization Market, By Elevator Type

5.1.     Introduction

5.2.     Global Elevator Modernization Revenue and Market Share by Elevator Type (2017-2027)

5.2.1.  Global Elevator Modernization Revenue and Revenue Share by Elevator Type (2017-2027)

5.3.     Hydraulic Elevator

5.3.1.  Global Hydraulic Elevator Revenue and Growth Rate (2017-2027)

5.4.     Traction Elevator

5.4.1.  Global Traction Elevator Revenue and Growth Rate (2017-2027)

6.       Elevator Modernization Market, By Component

6.1.     Introduction

6.2.     Global Elevator Modernization Revenue and Market Share by Component (2017-2027)

6.2.1.  Global Elevator Modernization Revenue and Revenue Share by Component (2017-2027)

6.3.     Power Units

6.3.1.  Global Power Units Revenue and Growth Rate (2017-2027)

6.4.     Controllers

6.4.1.  Global Controllers Revenue and Growth Rate (2017-2027)

6.5.     Signaling Fixtures

6.5.1.  Global Signaling Fixtures Revenue and Growth Rate (2017-2027)

6.6.     Door Equipment

6.6.1.  Global Door Equipment Revenue and Growth Rate (2017-2027)

6.7.     Cabin Enclosures

6.7.1.  Global Cabin Enclosures Revenue and Growth Rate (2017-2027)

6.8.     Other Components

6.8.1.  Global Other Components Revenue and Growth Rate (2017-2027)

7.       Elevator Modernization Market, By End User

7.1.     Introduction

7.2.     Global Elevator Modernization Revenue and Market Share by End User (2017-2027)

7.2.1.  Global Elevator Modernization Revenue and Revenue Share by End User (2017-2027)

7.3.     Industrial Sector

7.3.1.  Global Industrial Sector Revenue and Growth Rate (2017-2027)

7.4.     Commercial Sector

7.4.1.  Global Commercial Sector Revenue and Growth Rate (2017-2027)

7.5.     Residential Sector

7.5.1.  Global Residential Sector Revenue and Growth Rate (2017-2027)

8.       Elevator Modernization Market, By Region

8.1.     Introduction

8.2.     Global Elevator Modernization Revenue and Market Share by Regions

8.2.1.  Global Elevator Modernization Revenue by Regions (2017-2027)

8.3.     North America Elevator Modernization by Countries

8.3.1.  North America Elevator Modernization Revenue and Growth Rate (2017-2027)

8.3.2.  North America Elevator Modernization Revenue (Million USD) by Countries (2017-2027)

8.3.3.  United States

8.3.3.1.  United States Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.3.4.  Canada

8.3.4.1.  Canada Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.3.5.  Mexico

8.3.5.1.  Mexico Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.     Europe Elevator Modernization by Countries

8.4.1.  Europe Elevator Modernization Revenue and Growth Rate (2017-2027)

8.4.2.  Europe Elevator Modernization Revenue (Million USD) by Countries (2017-2027)

8.4.3.  Germany

8.4.3.1.  Germany Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.4.  France

8.4.4.1.  France Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.5.  UK

8.4.5.1.  UK Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.6.  Russia

8.4.6.1.  Russia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.7.  Italy

8.4.7.1.  Italy Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.8.  Rest of Europe

8.4.8.1.  Rest of Europe Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.     Asia-Pacific Elevator Modernization by Countries

8.5.1.  Asia-Pacific Elevator Modernization Revenue and Growth Rate (2017-2027)

8.5.2.  Asia-Pacific Elevator Modernization Revenue (Million USD) by Countries (2017-2027)

8.5.3.  China

8.5.3.1.  China Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.4.  Japan

8.5.4.1.  Japan Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.5.  Korea

8.5.5.1.  Korea Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.6.  India

8.5.6.1.  India Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.7.  Southeast Asia

8.5.7.1.  Southeast Asia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.8.  Rest of Asia-Pacific

8.5.8.1.  Rest of Asia-Pacific Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.     South America Elevator Modernization by Countries

8.6.1.  South America Elevator Modernization Revenue and Growth Rate (2017-2027)

8.6.2.  South America Elevator Modernization Revenue (Million USD) by Countries (2017-2027)

8.6.3.  Brazil

8.6.3.1.  Brazil Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.4.  Argentina

8.6.4.1.  Argentina Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.5.  Columbia

8.6.5.1.  Columbia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.6.  Rest of South America

8.6.6.1.  Rest of South America Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.     Middle East and Africa Elevator Modernization by Countries

8.7.1.  Middle East and Africa Elevator Modernization Revenue and Growth Rate (2017-2027)

8.7.2.  Middle East and Africa Elevator Modernization Revenue (Million USD) by Countries (2017-2027)

8.7.3.  Saudi Arabia

8.7.3.1.  Saudi Arabia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.4.  United Arab Emirates

8.7.4.1.  United Arab Emirates Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.5.  Egypt

8.7.5.1.  Egypt Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.6.  Nigeria

8.7.6.1.  Nigeria Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.7.  South Africa

8.7.7.1.  South Africa Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.8.  Turkey

8.7.8.1.  Turkey Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.9.  Rest of Middle East and Africa

8.7.9.1.  Rest of Middle East and Africa Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

9.       Company Profiles

9.1.     ShenYang Yuanda Intellectual Industry Group Co., Ltd.

9.1.1.  Business Overview

9.1.2.   Service Portfolio

9.1.3.  Strategic Developments

9.1.4.   Revenue and Market Share

9.2.     Otis Elevator Company

9.2.1.  Business Overview

9.2.2.   Service Portfolio

9.2.3.  Strategic Developments

9.2.4.   Revenue and Market Share

9.3.     Toshiba Elevator and Building Systems Corporation

9.3.1.  Business Overview

9.3.2.   Service Portfolio

9.3.3.  Strategic Developments

9.3.4.   Revenue and Market Share

9.4.     KONE Corporation

9.4.1.  Business Overview

9.4.2.   Service Portfolio

9.4.3.  Strategic Developments

9.4.4.   Revenue and Market Share

9.5.     Hyundai Elevator Co., Ltd.

9.5.1.  Business Overview

9.5.2.   Service Portfolio

9.5.3.  Strategic Developments

9.5.4.   Revenue and Market Share

9.6.     ThyssenKrupp AG

9.6.1.  Business Overview

9.6.2.   Service Portfolio

9.6.3.  Strategic Developments

9.6.4.   Revenue and Market Share

9.7.     Mitsubishi Electric Corporation

9.7.1.  Business Overview

9.7.2.   Service Portfolio

9.7.3.  Strategic Developments

9.7.4.   Revenue and Market Share

9.8.     Hitachi, Ltd

9.8.1.  Business Overview

9.8.2.   Service Portfolio

9.8.3.  Strategic Developments

9.8.4.   Revenue and Market Share

9.9.     Fujitec Corporation

9.9.1.  Business Overview

9.9.2.   Service Portfolio

9.9.3.  Strategic Developments

9.9.4.   Revenue and Market Share

10.    Global Elevator Modernization Market Competition, by Manufacturer

10.1. Global Elevator Modernization Revenue and Market Share by Manufacturer (2017-2017)

10.2. Global Elevator Modernization Price By Region (2017-2017)

10.3. Top 5 Elevator Modernization Manufacturer Market Share

10.4. Market Competition Trend

11.    Elevator Modernization Market Forecast (2017-2027)

11.1. Global Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2027)

11.2. Elevator Modernization Market Forecast by Regions (2017-2027)

11.2.1.      North America Elevator Modernization Market Forecast (2017-2027)

11.2.1.1. United States Elevator Modernization Market Forecast (2017-2027)

11.2.1.2. Canada Elevator Modernization Market Forecast (2017-2027)

11.2.1.3. Mexico Elevator Modernization Market Forecast (2017-2027)

11.2.2.      Europe Elevator Modernization Market Forecast (2017-2027)

11.2.2.1. Germany Elevator Modernization Market Forecast (2017-2027)

11.2.2.2. France Elevator Modernization Market Forecast (2017-2027)

11.2.2.3. UK Elevator Modernization Market Forecast (2017-2027)

11.2.2.4. Russia Elevator Modernization Market Forecast (2017-2027)

11.2.2.5. Italy Elevator Modernization Market Forecast (2017-2027)

11.2.2.6. Rest of Europe Elevator Modernization Market Forecast (2017-2027)

11.2.3.      Asia-Pacific Elevator Modernization Market Forecast (2017-2027)

11.2.3.1. China Elevator Modernization Market Forecast (2017-2027)

11.2.3.2. Japan Elevator Modernization Market Forecast (2017-2027)

11.2.3.3. Korea Elevator Modernization Market Forecast (2017-2027)

11.2.3.4. India Elevator Modernization Market Forecast (2017-2027)

11.2.3.5. Southeast Asia Elevator Modernization Market Forecast (2017-2027)

11.2.3.6. Rest of Asia-Pacific Elevator Modernization Market Forecast (2017-2027)

11.2.4.      South America Elevator Modernization Market Forecast (2017-2027)

11.2.4.1. Brazil Elevator Modernization Market Forecast (2017-2027)

11.2.4.2. Argentina Elevator Modernization Market Forecast (2017-2027)

11.2.4.3. Columbia Elevator Modernization Market Forecast (2017-2027)

11.2.4.4. Rest of South America Elevator Modernization Market Forecast (2017-2027)

11.2.5.      Middle East and Africa Elevator Modernization Market Forecast (2017-2027)

11.2.5.1. Saudi Arabia Elevator Modernization Market Forecast (2017-2027)

11.2.5.2. United Arab Emirates Elevator Modernization Market Forecast (2017-2027)

11.2.5.3. Egypt Elevator Modernization Market Forecast (2017-2027)

11.2.5.4. Nigeria Elevator Modernization Market Forecast (2017-2027)

11.2.5.5. South Africa Elevator Modernization Market Forecast (2017-2027)

11.2.5.6. Turkey Elevator Modernization Market Forecast (2017-2027)

11.2.5.7. Rest of Middle East and Africa Elevator Modernization Market Forecast (2017-2027)

11.3. Elevator Modernization Market Forecast by Elevator Type (2017-2027)

11.3.1.      Elevator Modernization Forecast by Elevator Type (2017-2027)

11.3.2.      Elevator Modernization Market Share Forecast by Elevator Type (2017-2027)

11.4. Elevator Modernization Market Forecast by Component (2017-2027)

11.4.1.      Elevator Modernization Forecast by Component (2017-2027)

11.4.2.      Elevator Modernization Market Share Forecast by Component (2017-2027)

11.5. Elevator Modernization Market Forecast by End User (2017-2027)

11.5.1.      Elevator Modernization Forecast by End User (2017-2027)

11.5.2.      Elevator Modernization Market Share Forecast by End User (2017-2027)

List of Tables

List of Tables and Figures:

Figure United States Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Canada Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Mexico Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Germany Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure France Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure UK Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Russia Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Italy Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Rest of Europe Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure China Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Japan Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Korea Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure India Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Southeast Asia Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Rest of Asia-Pacific Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Brazil Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Argentina Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Columbia Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Rest of South America Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Saudi Arabia Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure United Arab Emirates Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Egypt Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Nigeria Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure South Africa Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Turkey Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Figure Rest of Middle East and Africa Elevator Modernization Revenue (Million USD) and Growth Rate (2017-2025)
Table Global Elevator Modernization Revenue and Revenue Share by Elevator Type (2017-2018)
Figure Global Hydraulic Elevator Revenue and Growth Rate (2017-2018)
Figure Global Traction Elevator Revenue and Growth Rate (2017-2018)
Table Global Elevator Modernization Revenue and Revenue Share by Component (2017-2018)
Figure Global Power Units Revenue and Growth Rate (2017-2018)
Figure Global Controllers Revenue and Growth Rate (2017-2018)
Figure Global Signaling Fixtures Revenue and Growth Rate (2017-2018)
Figure Global Door Equipment Revenue and Growth Rate (2017-2018)
Figure Global Cabin Enclosures Revenue and Growth Rate (2017-2018)
Figure Global Other Components Revenue and Growth Rate (2017-2018)
Table Global Elevator Modernization Revenue and Revenue Share by End User (2017-2018)
Figure Global Industrial Sector Revenue and Growth Rate (2017-2018)
Figure Global Commercial Sector Revenue and Growth Rate (2017-2018)
Figure Global Residential Sector Revenue and Growth Rate (2017-2018)
Table Global Elevator Modernization Revenue by Regions (2017-2018)
Figure North America Elevator Modernization Growth Rate (2017-2018)
Figure North America Elevator Modernization Revenue and Growth Rate (2017-2018)
Figure North America Elevator Modernization by Countries (2017-2018)
Figure North America Elevator Modernization Revenue (Million USD) by Countries (2017-2018)
Figure United States Elevator Modernization Growth Rate (2017-2018)
Figure United States Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Canada Elevator Modernization Growth Rate (2017-2018)
Figure Canada Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Mexico Elevator Modernization Growth Rate (2017-2018)
Figure Mexico Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Europe Elevator Modernization Growth Rate (2017-2018)
Figure Europe Elevator Modernization Revenue and Growth Rate (2017-2018)
Figure Europe Elevator Modernization by Countries (2017-2018)
Figure Europe Elevator Modernization Revenue (Million USD) by Countries (2017-2018)
Figure Germany Elevator Modernization Growth Rate (2017-2018)
Figure Germany Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure France Elevator Modernization Growth Rate (2017-2018)
Figure France Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure UK Elevator Modernization Growth Rate (2017-2018)
Figure UK Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Russia Elevator Modernization Growth Rate (2017-2018)
Figure Russia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Italy Elevator Modernization Growth Rate (2017-2018)
Figure Italy Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Rest of Europe Elevator Modernization Growth Rate (2017-2018)
Figure Rest of Europe Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Asia-Pacific Elevator Modernization Growth Rate (2017-2018)
Figure Asia-Pacific Elevator Modernization Revenue and Growth Rate (2017-2018)
Figure Asia-Pacific Elevator Modernization by Countries (2017-2018)
Figure Asia-Pacific Elevator Modernization Revenue (Million USD) by Countries (2017-2018)
Figure China Elevator Modernization Growth Rate (2017-2018)
Figure China Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Japan Elevator Modernization Growth Rate (2017-2018)
Figure Japan Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Korea Elevator Modernization Growth Rate (2017-2018)
Figure Korea Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure India Elevator Modernization Growth Rate (2017-2018)
Figure India Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Southeast Asia Elevator Modernization Growth Rate (2017-2018)
Figure Southeast Asia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Rest of Asia-Pacific Elevator Modernization Growth Rate (2017-2018)
Figure Rest of Asia-Pacific Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure South America Elevator Modernization Growth Rate (2017-2018)
Figure South America Elevator Modernization Revenue and Growth Rate (2017-2018)
Figure South America Elevator Modernization by Countries (2017-2018)
Figure South America Elevator Modernization Revenue (Million USD) by Countries (2017-2018)
Figure Brazil Elevator Modernization Growth Rate (2017-2018)
Figure Brazil Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Argentina Elevator Modernization Growth Rate (2017-2018)
Figure Argentina Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Columbia Elevator Modernization Growth Rate (2017-2018)
Figure Columbia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Rest of South America Elevator Modernization Growth Rate (2017-2018)
Figure Rest of South America Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Middle East and Africa Elevator Modernization Growth Rate (2017-2018)
Figure Middle East and Africa Elevator Modernization Revenue and Growth Rate (2017-2018)
Figure Middle East and Africa Elevator Modernization by Countries (2017-2018)
Figure Middle East and Africa Elevator Modernization Revenue (Million USD) by Countries (2017-2018)
Figure Saudi Arabia Elevator Modernization Growth Rate (2017-2018)
Figure Saudi Arabia Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure United Arab Emirates Elevator Modernization Growth Rate (2017-2018)
Figure United Arab Emirates Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Egypt Elevator Modernization Growth Rate (2017-2018)
Figure Egypt Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Nigeria Elevator Modernization Growth Rate (2017-2018)
Figure Nigeria Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure South Africa Elevator Modernization Growth Rate (2017-2018)
Figure South Africa Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Turkey Elevator Modernization Growth Rate (2017-2018)
Figure Turkey Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Figure Rest of Middle East and Africa Elevator Modernization Growth Rate (2017-2018)
Figure Rest of Middle East and Africa Elevator Modernization Revenue (Millions USD) and Growth Rate (2017-2018)
Table ShenYang Yuanda Intellectual Industry Group Co., Ltd. Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Otis Elevator Company Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Toshiba Elevator and Building Systems Corporation Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table KONE Corporation Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Hyundai Elevator Co., Ltd. Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table ThyssenKrupp AG Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Mitsubishi Electric Corporation Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Hitachi, Ltd Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Table Fujitec Corporation Elevator Modernization Price, Revenue, Gross Margin and Market Share (2017-2017)
Figure Global Elevator Modernization Market Share by Manufacturer
Figure Global Elevator Modernization Revenue and Market Share by Manufacturer
Table Global Elevator Modernization Price by Region (2017-2017)
Figure Top 5 Elevator Modernization Manufacturer (Revenue) Market Share
Figure Market Competition Trend
Figure Global Elevator Modernization Revenue (Millions USD) and Growth Rate (2018-2025)
Table Elevator Modernization Market Forecast by Regions (2018-2025)
Figure North America Elevator Modernization Market Forecast (2018-2025)
Figure United States Elevator Modernization Market Forecast (2018-2025)
Figure Canada Elevator Modernization Market Forecast (2018-2025)
Figure Mexico Elevator Modernization Market Forecast (2018-2025)
Figure Europe Elevator Modernization Market Forecast (2018-2025)
Figure Germany Elevator Modernization Market Forecast (2018-2025)
Figure France Elevator Modernization Market Forecast (2018-2025)
Figure UK Elevator Modernization Market Forecast (2018-2025)
Figure Russia Elevator Modernization Market Forecast (2018-2025)
Figure Italy Elevator Modernization Market Forecast (2018-2025)
Figure Rest of Europe Elevator Modernization Market Forecast (2018-2025)
Figure Asia-Pacific Elevator Modernization Market Forecast (2018-2025)
Figure China Elevator Modernization Market Forecast (2018-2025)
Figure Japan Elevator Modernization Market Forecast (2018-2025)
Figure Korea Elevator Modernization Market Forecast (2018-2025)
Figure India Elevator Modernization Market Forecast (2018-2025)
Figure Southeast Asia Elevator Modernization Market Forecast (2018-2025)
Figure Rest of Asia-Pacific Elevator Modernization Market Forecast (2018-2025)
Figure South America Elevator Modernization Market Forecast (2018-2025)
Figure Brazil Elevator Modernization Market Forecast (2018-2025)
Figure Argentina Elevator Modernization Market Forecast (2018-2025)
Figure Columbia Elevator Modernization Market Forecast (2018-2025)
Figure Rest of South America Elevator Modernization Market Forecast (2018-2025)
Figure Middle East and Africa Elevator Modernization Market Forecast (2018-2025)
Figure Saudi Arabia Elevator Modernization Market Forecast (2018-2025)
Figure United Arab Emirates Elevator Modernization Market Forecast (2018-2025)
Figure Egypt Elevator Modernization Market Forecast (2018-2025)
Figure Nigeria Elevator Modernization Market Forecast (2018-2025)
Figure South Africa Elevator Modernization Market Forecast (2018-2025)
Figure Turkey Elevator Modernization Market Forecast (2018-2025)
Figure Rest of Middle East and Africa Elevator Modernization Market Forecast (2018-2025)
Figure Global Elevator Modernization Forecast by Elevator Type (2018-2025)
Figure Global Elevator Modernization Market Share Forecast by Elevator Type (2018-2025)
Figure Global Elevator Modernization Forecast by Elevator Type (2018-2025)
Figure Global Elevator Modernization Forecast by Component (2018-2025)
Figure Global Elevator Modernization Market Share Forecast by Component (2018-2025)
Figure Global Elevator Modernization Forecast by Component (2018-2025)
Figure Global Elevator Modernization Forecast by End User (2018-2025)
Figure Global Elevator Modernization Market Share Forecast by End User (2018-2025)
Figure Global Elevator Modernization Forecast by End User (2018-2025)

Please Note: Data related to the Companies are subject to Availability.

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources
  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources
  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)
  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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