United States (US) Elevator Modernization Market (2025-2031) | Growth, Outlook, Segmentation, Size & Revenue, Share, Companies, Industry, Forecast, Analysis, Competitive Landscape, Trends, Value

Name: United States (US) Elevator Modernization Market (2025-2031) | Growth & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Traction Elevator, Hydraulic Elevator), By Modernization Type (Partial Modernization, Full Modernization), By Components (Controllers, Door Equipment, Cabin Enclosures, Signaling Fixtures, Power Units, Others), By End User (Residential, Commercial, Industrial) And Competitive Landscape

Product Code: ETC9965151	Publication Date: Sep 2024	Updated Date: Aug 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Vasudha	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Key Highlights of the Report:

United States (US) Elevator Modernization Market Outlook
Market Size of United States (US) Elevator Modernization Market, 2024
Forecast of United States (US) Elevator Modernization Market, 2031
Historical Data and Forecast of United States (US) Elevator Modernization Revenues & Volume for the Period 2021- 2031
United States (US) Elevator Modernization Market Trend Evolution
United States (US) Elevator Modernization Market Drivers and Challenges
United States (US) Elevator Modernization Price Trends
United States (US) Elevator Modernization Porter's Five Forces
United States (US) Elevator Modernization Industry Life Cycle
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Traction Elevator for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Hydraulic Elevator for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Modernization Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Partial Modernization for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Full Modernization for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Components for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Controllers for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Door Equipment for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Cabin Enclosures for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Signaling Fixtures for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Power Units for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By End User for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Residential for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Commercial for the Period 2021- 2031
Historical Data and Forecast of United States (US) Elevator Modernization Market Revenues & Volume By Industrial for the Period 2021- 2031
United States (US) Elevator Modernization Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Modernization Type
Market Opportunity Assessment By Components
Market Opportunity Assessment By End User
United States (US) Elevator Modernization Top Companies Market Share
United States (US) Elevator Modernization Competitive Benchmarking By Technical and Operational Parameters
United States (US) Elevator Modernization Company Profiles
United States (US) Elevator Modernization Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 United States (US) Elevator Modernization Market Overview

3.1 United States (US) Country Macro Economic Indicators

3.2 United States (US) Elevator Modernization Market Revenues & Volume, 2021 & 2031F

3.3 United States (US) Elevator Modernization Market - Industry Life Cycle

3.4 United States (US) Elevator Modernization Market - Porter's Five Forces

3.5 United States (US) Elevator Modernization Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 United States (US) Elevator Modernization Market Revenues & Volume Share, By Modernization Type, 2021 & 2031F

3.7 United States (US) Elevator Modernization Market Revenues & Volume Share, By Components, 2021 & 2031F

3.8 United States (US) Elevator Modernization Market Revenues & Volume Share, By End User, 2021 & 2031F

4 United States (US) Elevator Modernization Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on energy efficiency and sustainability in buildings, leading to demand for modernized elevators with energy-saving features.

4.2.2 Aging elevator infrastructure in the US, prompting the need for upgrades and modernization to enhance safety and performance.

4.2.3 Technological advancements such as IoT integration and predictive maintenance driving the adoption of modernization solutions.

4.3 Market Restraints

4.3.1 High initial costs associated with elevator modernization projects may deter some building owners from investing in upgrades.

4.3.2 Disruption to building operations during the modernization process can be a barrier for some property owners.

4.3.3 Regulatory requirements and compliance standards may add complexity and costs to elevator modernization projects.

5 United States (US) Elevator Modernization Market Trends

6 United States (US) Elevator Modernization Market, By Types

6.1 United States (US) Elevator Modernization Market, By Type

6.1.1 Overview and Analysis

6.1.2 United States (US) Elevator Modernization Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 United States (US) Elevator Modernization Market Revenues & Volume, By Traction Elevator, 2021- 2031F

6.1.4 United States (US) Elevator Modernization Market Revenues & Volume, By Hydraulic Elevator, 2021- 2031F

6.2 United States (US) Elevator Modernization Market, By Modernization Type

6.2.1 Overview and Analysis

6.2.2 United States (US) Elevator Modernization Market Revenues & Volume, By Partial Modernization, 2021- 2031F

6.2.3 United States (US) Elevator Modernization Market Revenues & Volume, By Full Modernization, 2021- 2031F

6.3 United States (US) Elevator Modernization Market, By Components

6.3.1 Overview and Analysis

6.3.2 United States (US) Elevator Modernization Market Revenues & Volume, By Controllers, 2021- 2031F

6.3.3 United States (US) Elevator Modernization Market Revenues & Volume, By Door Equipment, 2021- 2031F

6.3.4 United States (US) Elevator Modernization Market Revenues & Volume, By Cabin Enclosures, 2021- 2031F

6.3.5 United States (US) Elevator Modernization Market Revenues & Volume, By Signaling Fixtures, 2021- 2031F

6.3.6 United States (US) Elevator Modernization Market Revenues & Volume, By Power Units, 2021- 2031F

6.3.7 United States (US) Elevator Modernization Market Revenues & Volume, By Others, 2021- 2031F

6.4 United States (US) Elevator Modernization Market, By End User

6.4.1 Overview and Analysis

6.4.2 United States (US) Elevator Modernization Market Revenues & Volume, By Residential, 2021- 2031F

6.4.3 United States (US) Elevator Modernization Market Revenues & Volume, By Commercial, 2021- 2031F

6.4.4 United States (US) Elevator Modernization Market Revenues & Volume, By Industrial, 2021- 2031F

7 United States (US) Elevator Modernization Market Import-Export Trade Statistics

7.1 United States (US) Elevator Modernization Market Export to Major Countries

7.2 United States (US) Elevator Modernization Market Imports from Major Countries

8 United States (US) Elevator Modernization Market Key Performance Indicators

8.1 Average age of elevators in the US market, indicating the potential for modernization demand.

8.2 Number of new IoT-enabled elevator installations, reflecting the adoption rate of advanced technologies in modernization projects.

8.3 Customer satisfaction scores post-modernization, measuring the effectiveness of upgrades in meeting client expectations.

9 United States (US) Elevator Modernization Market - Opportunity Assessment

9.1 United States (US) Elevator Modernization Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 United States (US) Elevator Modernization Market Opportunity Assessment, By Modernization Type, 2021 & 2031F

9.3 United States (US) Elevator Modernization Market Opportunity Assessment, By Components, 2021 & 2031F

9.4 United States (US) Elevator Modernization Market Opportunity Assessment, By End User, 2021 & 2031F

10 United States (US) Elevator Modernization Market - Competitive Landscape

10.1 United States (US) Elevator Modernization Market Revenue Share, By Companies, 2024

10.2 United States (US) Elevator Modernization Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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