Asia Pacific elevator modernization market will grow by 6.0% annually with a total addressable market cap of $29.94 billion over 2020-2026.
Highlighted with 33 tables and 47 figures, this 109-page report “Asia Pacific 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 Asia Pacific 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.)
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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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


Signaling Fixtures
Door Equipment
Other Components

Based on Application, the Asia Pacific 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:

  • Japan
  • China
  • South Korea
  • Australia
  • India
  • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)


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 Asia Pacific 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.)