HomeMachinery & Equipment Elevator Modernization Market

Elevator Modernization Market Size, Share & Growth Report By Type (Control System Modernization, Door Operator Modernization, Cabin Interior Modernization, Drive Modernization), By Material (Steel, Aluminum, Composite, Others), By Application (Commercial, Residential, Industrial, Institutional), By End-Use (Office Buildings, Hospitals, Hotels, Shopping Malls, Airports, Others), By Distribution Channel (Direct Sales, Online Procurement, Distributors, Dealers) By Region & Segment Forecasts, 2025–2

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Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.

  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.

  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.

  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.

  • Track sales in the global and country-specific Market.

  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

Market Segmentation

  • Elevator Modernization Market, By Type: (Billion 2021-2033)
    • Control System Modernization
    • Door Operator Modernization
    • Cabin Interior Modernization
    • Drive Modernization
  • Elevator Modernization Market, By Material: (Billion 2021-2033)
    • Steel
    • Aluminum
    • Composite
    • Others
  • Elevator Modernization Market, By Application: (Billion 2021-2033)
    • Commercial
    • Residential
    • Industrial
    • Institutional
  • Elevator Modernization Market, By End-Use: (Billion 2021-2033)
    • Office Buildings
    • Hospitals
    • Hotels
    • Shopping Malls
    • Airports
    • Others
  • Elevator Modernization Market, By Distribution Channel: (Billion 2021-2033)
    • Direct Sales
    • Online Procurement
    • Distributors
    • Dealers
  • Regional Elevator Modernization Market, By Distribution Channel: (Billion 2021-2033)
    • North America
      • North America Elevator Modernization Market, By Type:
        • Control System Modernization
          • Door Operator Modernization
            • Cabin Interior Modernization
              • Drive Modernization
              • North America Elevator Modernization Market, By Material:
                • Steel
                  • Aluminum
                    • Composite
                      • Others
                      • North America Elevator Modernization Market, By Application:
                        • Commercial
                          • Residential
                            • Industrial
                              • Institutional
                              • North America Elevator Modernization Market, By End-Use:
                                • Office Buildings
                                  • Hospitals
                                    • Hotels
                                      • Shopping Malls
                                        • Airports
                                          • Others
                                          • North America Elevator Modernization Market, By Distribution Channel:
                                            • Direct Sales
                                              • Online Procurement
                                                • Distributors
                                                  • Dealers
                                                  • U.S.
                                                    • U.S. Elevator Modernization Market, By Type:
                                                      • Control System Modernization
                                                        • Door Operator Modernization
                                                          • Cabin Interior Modernization
                                                            • Drive Modernization
                                                            • U.S. Elevator Modernization Market, By Material:
                                                              • Steel
                                                                • Aluminum
                                                                  • Composite
                                                                    • Others
                                                                    • U.S. Elevator Modernization Market, By Application:
                                                                      • Commercial
                                                                        • Residential
                                                                          • Industrial
                                                                            • Institutional
                                                                            • U.S. Elevator Modernization Market, By End-Use:
                                                                              • Office Buildings
                                                                                • Hospitals
                                                                                  • Hotels
                                                                                    • Shopping Malls
                                                                                      • Airports
                                                                                        • Others
                                                                                        • U.S. Elevator Modernization Market, By Distribution Channel:
                                                                                          • Direct Sales
                                                                                            • Online Procurement
                                                                                              • Distributors
                                                                                                • Dealers
                                                                                              • Canada
                                                                                            • Europe
                                                                                              • Europe Elevator Modernization Market, By Type:
                                                                                                • Control System Modernization
                                                                                                  • Door Operator Modernization
                                                                                                    • Cabin Interior Modernization
                                                                                                      • Drive Modernization
                                                                                                      • Europe Elevator Modernization Market, By Material:
                                                                                                        • Steel
                                                                                                          • Aluminum
                                                                                                            • Composite
                                                                                                              • Others
                                                                                                              • Europe Elevator Modernization Market, By Application:
                                                                                                                • Commercial
                                                                                                                  • Residential
                                                                                                                    • Industrial
                                                                                                                      • Institutional
                                                                                                                      • Europe Elevator Modernization Market, By End-Use:
                                                                                                                        • Office Buildings
                                                                                                                          • Hospitals
                                                                                                                            • Hotels
                                                                                                                              • Shopping Malls
                                                                                                                                • Airports
                                                                                                                                  • Others
                                                                                                                                  • Europe Elevator Modernization Market, By Distribution Channel:
                                                                                                                                    • Direct Sales
                                                                                                                                      • Online Procurement
                                                                                                                                        • Distributors
                                                                                                                                          • Dealers
                                                                                                                                          • U.K.
                                                                                                                                            • U.K. Elevator Modernization Market, By Type:
                                                                                                                                              • Control System Modernization
                                                                                                                                                • Door Operator Modernization
                                                                                                                                                  • Cabin Interior Modernization
                                                                                                                                                    • Drive Modernization
                                                                                                                                                    • U.K. Elevator Modernization Market, By Material:
                                                                                                                                                      • Steel
                                                                                                                                                        • Aluminum
                                                                                                                                                          • Composite
                                                                                                                                                            • Others
                                                                                                                                                            • U.K. Elevator Modernization Market, By Application:
                                                                                                                                                              • Commercial
                                                                                                                                                                • Residential
                                                                                                                                                                  • Industrial
                                                                                                                                                                    • Institutional
                                                                                                                                                                    • U.K. Elevator Modernization Market, By End-Use:
                                                                                                                                                                      • Office Buildings
                                                                                                                                                                        • Hospitals
                                                                                                                                                                          • Hotels
                                                                                                                                                                            • Shopping Malls
                                                                                                                                                                              • Airports
                                                                                                                                                                                • Others
                                                                                                                                                                                • U.K. Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                  • Direct Sales
                                                                                                                                                                                    • Online Procurement
                                                                                                                                                                                      • Distributors
                                                                                                                                                                                        • Dealers
                                                                                                                                                                                      • Germany
                                                                                                                                                                                      • France
                                                                                                                                                                                      • Spain
                                                                                                                                                                                      • Italy
                                                                                                                                                                                      • Russia
                                                                                                                                                                                      • Nordic
                                                                                                                                                                                      • Benelux
                                                                                                                                                                                      • Rest of Europe
                                                                                                                                                                                    • APAC
                                                                                                                                                                                      • APAC Elevator Modernization Market, By Type:
                                                                                                                                                                                        • Control System Modernization
                                                                                                                                                                                          • Door Operator Modernization
                                                                                                                                                                                            • Cabin Interior Modernization
                                                                                                                                                                                              • Drive Modernization
                                                                                                                                                                                              • APAC Elevator Modernization Market, By Material:
                                                                                                                                                                                                • Steel
                                                                                                                                                                                                  • Aluminum
                                                                                                                                                                                                    • Composite
                                                                                                                                                                                                      • Others
                                                                                                                                                                                                      • APAC Elevator Modernization Market, By Application:
                                                                                                                                                                                                        • Commercial
                                                                                                                                                                                                          • Residential
                                                                                                                                                                                                            • Industrial
                                                                                                                                                                                                              • Institutional
                                                                                                                                                                                                              • APAC Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                • Office Buildings
                                                                                                                                                                                                                  • Hospitals
                                                                                                                                                                                                                    • Hotels
                                                                                                                                                                                                                      • Shopping Malls
                                                                                                                                                                                                                        • Airports
                                                                                                                                                                                                                          • Others
                                                                                                                                                                                                                          • APAC Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                            • Direct Sales
                                                                                                                                                                                                                              • Online Procurement
                                                                                                                                                                                                                                • Distributors
                                                                                                                                                                                                                                  • Dealers
                                                                                                                                                                                                                                  • China
                                                                                                                                                                                                                                    • China Elevator Modernization Market, By Type:
                                                                                                                                                                                                                                      • Control System Modernization
                                                                                                                                                                                                                                        • Door Operator Modernization
                                                                                                                                                                                                                                          • Cabin Interior Modernization
                                                                                                                                                                                                                                            • Drive Modernization
                                                                                                                                                                                                                                            • China Elevator Modernization Market, By Material:
                                                                                                                                                                                                                                              • Steel
                                                                                                                                                                                                                                                • Aluminum
                                                                                                                                                                                                                                                  • Composite
                                                                                                                                                                                                                                                    • Others
                                                                                                                                                                                                                                                    • China Elevator Modernization Market, By Application:
                                                                                                                                                                                                                                                      • Commercial
                                                                                                                                                                                                                                                        • Residential
                                                                                                                                                                                                                                                          • Industrial
                                                                                                                                                                                                                                                            • Institutional
                                                                                                                                                                                                                                                            • China Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                                                              • Office Buildings
                                                                                                                                                                                                                                                                • Hospitals
                                                                                                                                                                                                                                                                  • Hotels
                                                                                                                                                                                                                                                                    • Shopping Malls
                                                                                                                                                                                                                                                                      • Airports
                                                                                                                                                                                                                                                                        • Others
                                                                                                                                                                                                                                                                        • China Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                                                                          • Direct Sales
                                                                                                                                                                                                                                                                            • Online Procurement
                                                                                                                                                                                                                                                                              • Distributors
                                                                                                                                                                                                                                                                                • Dealers
                                                                                                                                                                                                                                                                              • South Korea
                                                                                                                                                                                                                                                                              • Japan
                                                                                                                                                                                                                                                                              • India
                                                                                                                                                                                                                                                                              • Australia
                                                                                                                                                                                                                                                                              • Singapore
                                                                                                                                                                                                                                                                              • Taiwan
                                                                                                                                                                                                                                                                              • South East Asia
                                                                                                                                                                                                                                                                              • Rest of Asia-Pacific
                                                                                                                                                                                                                                                                            • Middle East and Africa
                                                                                                                                                                                                                                                                              • Middle East and Africa Elevator Modernization Market, By Type:
                                                                                                                                                                                                                                                                                • Control System Modernization
                                                                                                                                                                                                                                                                                  • Door Operator Modernization
                                                                                                                                                                                                                                                                                    • Cabin Interior Modernization
                                                                                                                                                                                                                                                                                      • Drive Modernization
                                                                                                                                                                                                                                                                                      • Middle East and Africa Elevator Modernization Market, By Material:
                                                                                                                                                                                                                                                                                        • Steel
                                                                                                                                                                                                                                                                                          • Aluminum
                                                                                                                                                                                                                                                                                            • Composite
                                                                                                                                                                                                                                                                                              • Others
                                                                                                                                                                                                                                                                                              • Middle East and Africa Elevator Modernization Market, By Application:
                                                                                                                                                                                                                                                                                                • Commercial
                                                                                                                                                                                                                                                                                                  • Residential
                                                                                                                                                                                                                                                                                                    • Industrial
                                                                                                                                                                                                                                                                                                      • Institutional
                                                                                                                                                                                                                                                                                                      • Middle East and Africa Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                                                                                                        • Office Buildings
                                                                                                                                                                                                                                                                                                          • Hospitals
                                                                                                                                                                                                                                                                                                            • Hotels
                                                                                                                                                                                                                                                                                                              • Shopping Malls
                                                                                                                                                                                                                                                                                                                • Airports
                                                                                                                                                                                                                                                                                                                  • Others
                                                                                                                                                                                                                                                                                                                  • Middle East and Africa Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                                                                                                                    • Direct Sales
                                                                                                                                                                                                                                                                                                                      • Online Procurement
                                                                                                                                                                                                                                                                                                                        • Distributors
                                                                                                                                                                                                                                                                                                                          • Dealers
                                                                                                                                                                                                                                                                                                                          • UAE
                                                                                                                                                                                                                                                                                                                            • UAE Elevator Modernization Market, By Type:
                                                                                                                                                                                                                                                                                                                              • Control System Modernization
                                                                                                                                                                                                                                                                                                                                • Door Operator Modernization
                                                                                                                                                                                                                                                                                                                                  • Cabin Interior Modernization
                                                                                                                                                                                                                                                                                                                                    • Drive Modernization
                                                                                                                                                                                                                                                                                                                                    • UAE Elevator Modernization Market, By Material:
                                                                                                                                                                                                                                                                                                                                      • Steel
                                                                                                                                                                                                                                                                                                                                        • Aluminum
                                                                                                                                                                                                                                                                                                                                          • Composite
                                                                                                                                                                                                                                                                                                                                            • Others
                                                                                                                                                                                                                                                                                                                                            • UAE Elevator Modernization Market, By Application:
                                                                                                                                                                                                                                                                                                                                              • Commercial
                                                                                                                                                                                                                                                                                                                                                • Residential
                                                                                                                                                                                                                                                                                                                                                  • Industrial
                                                                                                                                                                                                                                                                                                                                                    • Institutional
                                                                                                                                                                                                                                                                                                                                                    • UAE Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                                                                                                                                                      • Office Buildings
                                                                                                                                                                                                                                                                                                                                                        • Hospitals
                                                                                                                                                                                                                                                                                                                                                          • Hotels
                                                                                                                                                                                                                                                                                                                                                            • Shopping Malls
                                                                                                                                                                                                                                                                                                                                                              • Airports
                                                                                                                                                                                                                                                                                                                                                                • Others
                                                                                                                                                                                                                                                                                                                                                                • UAE Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                                                                                                                                                                  • Direct Sales
                                                                                                                                                                                                                                                                                                                                                                    • Online Procurement
                                                                                                                                                                                                                                                                                                                                                                      • Distributors
                                                                                                                                                                                                                                                                                                                                                                        • Dealers
                                                                                                                                                                                                                                                                                                                                                                      • Turky
                                                                                                                                                                                                                                                                                                                                                                      • Saudi Arabia
                                                                                                                                                                                                                                                                                                                                                                      • South Africa
                                                                                                                                                                                                                                                                                                                                                                      • Egypt
                                                                                                                                                                                                                                                                                                                                                                      • Nigeria
                                                                                                                                                                                                                                                                                                                                                                      • Rest of MEA
                                                                                                                                                                                                                                                                                                                                                                    • LATAM
                                                                                                                                                                                                                                                                                                                                                                      • LATAM Elevator Modernization Market, By Type:
                                                                                                                                                                                                                                                                                                                                                                        • Control System Modernization
                                                                                                                                                                                                                                                                                                                                                                          • Door Operator Modernization
                                                                                                                                                                                                                                                                                                                                                                            • Cabin Interior Modernization
                                                                                                                                                                                                                                                                                                                                                                              • Drive Modernization
                                                                                                                                                                                                                                                                                                                                                                              • LATAM Elevator Modernization Market, By Material:
                                                                                                                                                                                                                                                                                                                                                                                • Steel
                                                                                                                                                                                                                                                                                                                                                                                  • Aluminum
                                                                                                                                                                                                                                                                                                                                                                                    • Composite
                                                                                                                                                                                                                                                                                                                                                                                      • Others
                                                                                                                                                                                                                                                                                                                                                                                      • LATAM Elevator Modernization Market, By Application:
                                                                                                                                                                                                                                                                                                                                                                                        • Commercial
                                                                                                                                                                                                                                                                                                                                                                                          • Residential
                                                                                                                                                                                                                                                                                                                                                                                            • Industrial
                                                                                                                                                                                                                                                                                                                                                                                              • Institutional
                                                                                                                                                                                                                                                                                                                                                                                              • LATAM Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                                                                                                                                                                                                • Office Buildings
                                                                                                                                                                                                                                                                                                                                                                                                  • Hospitals
                                                                                                                                                                                                                                                                                                                                                                                                    • Hotels
                                                                                                                                                                                                                                                                                                                                                                                                      • Shopping Malls
                                                                                                                                                                                                                                                                                                                                                                                                        • Airports
                                                                                                                                                                                                                                                                                                                                                                                                          • Others
                                                                                                                                                                                                                                                                                                                                                                                                          • LATAM Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                                                                                                                                                                                                            • Direct Sales
                                                                                                                                                                                                                                                                                                                                                                                                              • Online Procurement
                                                                                                                                                                                                                                                                                                                                                                                                                • Distributors
                                                                                                                                                                                                                                                                                                                                                                                                                  • Dealers
                                                                                                                                                                                                                                                                                                                                                                                                                  • Brazil
                                                                                                                                                                                                                                                                                                                                                                                                                    • Brazil Elevator Modernization Market, By Type:
                                                                                                                                                                                                                                                                                                                                                                                                                      • Control System Modernization
                                                                                                                                                                                                                                                                                                                                                                                                                        • Door Operator Modernization
                                                                                                                                                                                                                                                                                                                                                                                                                          • Cabin Interior Modernization
                                                                                                                                                                                                                                                                                                                                                                                                                            • Drive Modernization
                                                                                                                                                                                                                                                                                                                                                                                                                            • Brazil Elevator Modernization Market, By Material:
                                                                                                                                                                                                                                                                                                                                                                                                                              • Steel
                                                                                                                                                                                                                                                                                                                                                                                                                                • Aluminum
                                                                                                                                                                                                                                                                                                                                                                                                                                  • Composite
                                                                                                                                                                                                                                                                                                                                                                                                                                    • Others
                                                                                                                                                                                                                                                                                                                                                                                                                                    • Brazil Elevator Modernization Market, By Application:
                                                                                                                                                                                                                                                                                                                                                                                                                                      • Commercial
                                                                                                                                                                                                                                                                                                                                                                                                                                        • Residential
                                                                                                                                                                                                                                                                                                                                                                                                                                          • Industrial
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Institutional
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Brazil Elevator Modernization Market, By End-Use:
                                                                                                                                                                                                                                                                                                                                                                                                                                              • Office Buildings
                                                                                                                                                                                                                                                                                                                                                                                                                                                • Hospitals
                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Hotels
                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Shopping Malls
                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Airports
                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Others
                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Brazil Elevator Modernization Market, By Distribution Channel:
                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Direct Sales
                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Online Procurement
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Distributors
                                                                                                                                                                                                                                                                                                                                                                                                                                                                • Dealers
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Chile
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Rest of LATAM