North America Elevator Modernization Market 2022-2032 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Country: Trend Forecast and Growth Opportunity

October 2023 | 112 pages | ID: N6EE0AF5BC6DEN
GMD Research

Abstracts

North America elevator modernization market is projected to grow by 5.8% annually in the forecast period and reach $3.64 billion by 2032, driven by the growing number of aged buildings, the rising demand for elevator renovation, and continued expansion of construction industry.

Highlighted with 27 tables and 45 figures, this 112-page report “North America Elevator Modernization Market 2022-2032 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 2020-2022 and provides forecast from 2023 till 2032 with 2022 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 and Russia-Ukraine conflict. 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 ($ mn) for 2022-2032 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 ($ mn) for 2022-2032 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

By Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Power Units
• Cabin Enclosures
• Controllers
• Relay-based
• Solid-state
• PLC
• Signaling Fixtures
• Door Equipment
• Other Components

By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 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 key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Elevator Type, Component, and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

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.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF NORTH AMERICA MARKET BY MODERNIZATION TYPE

3.1 Market Overview by Modernization Type
3.2 Full Modernization
3.3 Partial Modernization

4 SEGMENTATION OF NORTH AMERICA MARKET BY ELEVATOR TYPE

4.1 Market Overview by Elevator Type
4.2 Hydraulic Elevators
  4.2.1 Conventional Hydraulic Elevators
  4.2.2 Hole-less Hydraulic Elevators
  4.2.3 Roped Hydraulic Elevators
4.3 Traction Elevators
  4.3.1 Geared Traction Elevators
  4.3.2 Gear-less Traction Elevators
  4.3.3 Machine Room-Less Elevators
4.4 Climbing Elevators
4.5 Pneumatic/Vacuum Elevators

5 SEGMENTATION OF NORTH AMERICA MARKET BY COMPONENT

5.1 Market Overview by Component
5.2 Power Units
5.3 Cabin Enclosures
5.4 Controllers
5.5 Signaling Fixtures
5.6 Door Equipment
5.7 Other Components

6 SEGMENTATION OF NORTH AMERICA MARKET BY APPLICATION

6.1 Market Overview by Application
6.2 Industrial Application
6.3 Residential Application
6.4 Commercial Application

7 NORTH AMERICA MARKET 2022-2032 BY COUNTRY

7.1 Overview of North America Market
7.2 U.S.
7.3 Canada
7.4 Mexico

8 COMPETITIVE LANDSCAPE

8.1 Overview of Key Vendors
8.2 New Product Launch, Partnership, Investment, and M&A
8.3 Company Profiles
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

9 INVESTING IN NORTH AMERICA MARKET: RISK ASSESSMENT AND MANAGEMENT

9.1 Risk Evaluation of North America Market
9.2 Critical Success Factors (CSFs)
Related Reports and Products

List Of Tables

LIST OF TABLES

Table 1. Snapshot of North America Elevator Modernization Market in Balanced Perspective, 2022-2032
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Main Product Trends and Market Opportunities in North America Elevator Modernization Market
Table 6. North America Elevator Modernization Market by Modernization Type, 2022-2032, $ mn
Table 7. North America Elevator Modernization Market by Elevator Type, 2022-2032, $ mn
Table 8. North America Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2022-2032, $ mn
Table 9. North America Elevator Modernization Market: Traction Elevators by Elevator Type, 2022-2032, $ mn
Table 10. North America Elevator Modernization Market by Component, 2022-2032, $ mn
Table 11. North America Elevator Modernization Market: Controllers by Type, 2022-2032, $ mn
Table 12. North America Elevator Modernization Market by Application, 2022-2032, $ mn
Table 13. North America Elevator Modernization Market by Country, 2022-2032, $ mn
Table 14. U.S. Elevator Modernization Market by Elevator Type, 2022-2032, $ mn
Table 15. U.S. Elevator Modernization Market by Component, 2022-2032, $ mn
Table 16. U.S. Elevator Modernization Market by Application, 2022-2032, $ mn
Table 17. Canada Elevator Modernization Market by Elevator Type, 2022-2032, $ mn
Table 18. Canada Elevator Modernization Market by Component, 2022-2032, $ mn
Table 19. Canada Elevator Modernization Market by Application, 2022-2032, $ mn
Table 20. Mexico Elevator Modernization Market by Elevator Type, 2022-2032, $ mn
Table 21. Mexico Elevator Modernization Market by Component, 2022-2032, $ mn
Table 22. Mexico Elevator Modernization Market by Application, 2022-2032, $ mn
Table 23. Doppler S.A.: Company Snapshot
Table 24. Doppler S.A.: Business Segmentation
Table 25. Doppler S.A.: Product Portfolio
Table 26. Risk Evaluation for Investing in North America Market, 2022-2032
Table 27. Critical Success Factors and Key Takeaways

List Of Figures

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032
Figure 4. North America Elevator Modernization Market, 2022-2032, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of North America Elevator Modernization Market
Figure 7. World Construction Industry, 2019-2030, $ trillion
Figure 8. Primary Restraints and Impact Factors of North America Elevator Modernization Market
Figure 9. Investment Opportunity Analysis
Figure 10. Porter’s Fiver Forces Analysis of North America Elevator Modernization Market
Figure 11. Breakdown of North America Elevator Modernization Market by Modernization Type, 2022-2032, % of Revenue
Figure 12. Contribution to North America 2023-2032 Cumulative Revenue by Modernization Type, Value ($ mn) and Share (%)
Figure 13. North America Elevator Modernization Market by Modernization Type: Full Modernization, 2022-2032, $ mn
Figure 14. North America Elevator Modernization Market by Modernization Type: Partial Modernization, 2022-2032, $ mn
Figure 15. Breakdown of North America Elevator Modernization Market by Elevator Type, 2022-2032, % of Revenue
Figure 16. Contribution to North America 2023-2032 Cumulative Revenue by Elevator Type, Value ($ mn) and Share (%)
Figure 17. North America Elevator Modernization Market by Elevator Type: Hydraulic Elevators, 2022-2032, $ mn
Figure 18. North America Elevator Modernization Market by Hydraulic Elevators: Conventional Hydraulic Elevators, 2022-2032, $ mn
Figure 19. North America Elevator Modernization Market by Hydraulic Elevators: Hole-less Hydraulic Elevators, 2022-2032, $ mn
Figure 20. North America Elevator Modernization Market by Hydraulic Elevators: Roped Hydraulic Elevators, 2022-2032, $ mn
Figure 21. North America Elevator Modernization Market by Elevator Type: Traction Elevators, 2022-2032, $ mn
Figure 22. North America Elevator Modernization Market by Traction Elevators: Geared Traction Elevators, 2022-2032, $ mn
Figure 23. North America Elevator Modernization Market by Traction Elevators: Gear-less Traction Elevators, 2022-2032, $ mn
Figure 24. North America Elevator Modernization Market by Traction Elevators: Machine Room-Less Elevators, 2022-2032, $ mn
Figure 25. North America Elevator Modernization Market by Elevator Type: Climbing Elevators, 2022-2032, $ mn
Figure 26. North America Elevator Modernization Market by Elevator Type: Pneumatic/Vacuum Elevators, 2022-2032, $ mn
Figure 27. Breakdown of North America Elevator Modernization Market by Component, 2022-2032, % of Revenue
Figure 28. Contribution to North America 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%)
Figure 29. North America Elevator Modernization Market by Component: Power Units, 2022-2032, $ mn
Figure 30. North America Elevator Modernization Market by Component: Cabin Enclosures, 2022-2032, $ mn
Figure 31. North America Elevator Modernization Market by Component: Controllers, 2022-2032, $ mn
Figure 32. North America Elevator Modernization Market by Component: Signaling Fixtures, 2022-2032, $ mn
Figure 33. North America Elevator Modernization Market by Component: Door Equipment, 2022-2032, $ mn
Figure 34. North America Elevator Modernization Market by Component: Other Components, 2022-2032, $ mn
Figure 35. Breakdown of North America Elevator Modernization Market by Application, 2022-2032, % of Revenue
Figure 36. Contribution to North America 2023-2032 Cumulative Revenue by Application, Value ($ mn) and Share (%)
Figure 37. North America Elevator Modernization Market by Application: Industrial Application, 2022-2032, $ mn
Figure 38. North America Elevator Modernization Market by Application: Residential Application, 2022-2032, $ mn
Figure 39. North America Elevator Modernization Market by Application: Commercial Application, 2022-2032, $ mn
Figure 40. Breakdown of North America Elevator Modernization Market by Country, 2022 and 2032, % of Revenue
Figure 41. Contribution to North America 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 42. U.S. Elevator Modernization Market, 2022-2032, $ mn
Figure 43. Canada Elevator Modernization Market, 2022-2032, $ mn
Figure 44. Elevator Modernization Market in Mexico, 2022-2032, $ mn
Figure 45. Growth Stage of North America Elevator Modernization Industry over the Forecast Period