Europe elevator modernization market reached $3,526.8 million in 2019 and will grow by 4.0% annually over 2020-2026 owing to the rising need for upgrading and replacing elevators in the region.
Highlighted with 36 tables and 48 figures, this 109-page report “Europe Elevator Modernization Market 2020-2026 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 Europe 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 2015-2019 and provides forecast from 2020 till 2026 with 2019 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.)

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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 Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe 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 Europe market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
• Full Modernization
• Partial Modernization
Based on Elevator Type, the Europe market is segmented into the following sub-markets with annual revenue for 2015-2026 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
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
Power Units
Cabin Enclosures
Controllers
• Relay based
• Solid state
• PLC
Signalling Fixtures
Door Equipment
Other Components
Based on Application, the Europe market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
• Industrial Application
• Residential Application
• Commercial Application
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
For each aforementioned country, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown of key national markets by Elevator Type, Component, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe elevator modernization market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
• 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.)

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