Elevator Modernization Market Share, Size, and Outlook by 2031
Elevator Modernization Market: Strategic Insights
Elevator Modernization Market
-
CAGR (2023 - 2031)6.9% -
Market Size 2023
US$ 12.83 Billion -
Market Size 2031
US$ 22.04 Billion
Market Dynamics
GROWTH DRIVERS
- Aging Urban Infrastructure and Global Population to Favor The Market
FUTURE TRENDS
- Emergence of Smart Cities
OPPORTUNITIES
- Development in the commercial sector.
Key Players
- KONE Corporation
- United Elevator Corp
- Siemens
- Schindler
- Mitsubishi Electric US Inc
- TK Elevator
- FUJITEC CO LTD
- Hitachi Ltd
- TOSHIBA
- HYUNDAI ELEVATOR CO LTD
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Hydraulic
- Traction
Component - Power Units
- Cabin Enclosures
- Controllers
- Signalling Fixtures
- Door Equipment
End User - Industrial
- Residential Building
- Institutional
- Marine
- Commercial
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