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Global Lift Modernisation Market Research Report 2025
Published Date: March 2025
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Report Code: QYRE-Auto-36C10560
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Global Lift Modernisation Market Research Report 2022
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Global Lift Modernisation Market Research Report 2025

Code: QYRE-Auto-36C10560
Report
March 2025
Pages:85
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Lift Modernisation Market

The global market for Lift Modernisation was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
This report aims to provide a comprehensive presentation of the global market for Lift Modernisation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lift Modernisation.
The Lift Modernisation market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Lift Modernisation market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Lift Modernisation companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Lift Modernisation Market Report

Report Metric Details
Report Name Lift Modernisation Market
Segment by Type
Segment by Application
  • Commercial
  • Industrial
  • Residential
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Hitachi, Hyundai Elevator, Doppler S.A., Fujitec, TK Elevator, Schindler Group, Johnson Lifts Private Ltd, Magnetek, Inc., Richmond Elevator, Wittur Group, Mitsubishi Electric, Otis Elevator Company, KONE Corporation, Toshiba Elevator and Building Systems Corporation
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Lift Modernisation company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Lift Modernisation Market report?

Ans: The main players in the Lift Modernisation Market are Hitachi, Hyundai Elevator, Doppler S.A., Fujitec, TK Elevator, Schindler Group, Johnson Lifts Private Ltd, Magnetek, Inc., Richmond Elevator, Wittur Group, Mitsubishi Electric, Otis Elevator Company, KONE Corporation, Toshiba Elevator and Building Systems Corporation

What are the Application segmentation covered in the Lift Modernisation Market report?

Ans: The Applications covered in the Lift Modernisation Market report are Commercial, Industrial, Residential

What are the Type segmentation covered in the Lift Modernisation Market report?

Ans: The Types covered in the Lift Modernisation Market report are Hydraulic, Traction

Recommended Reports

Elevator & Lift Systems

Industrial Lifting Equipment

Specialized Elevators

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Lift Modernisation Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Hydraulic
1.2.3 Traction
1.3 Market by Application
1.3.1 Global Lift Modernisation Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Commercial
1.3.3 Industrial
1.3.4 Residential
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Lift Modernisation Market Perspective (2020-2031)
2.2 Global Lift Modernisation Growth Trends by Region
2.2.1 Global Lift Modernisation Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Lift Modernisation Historic Market Size by Region (2020-2025)
2.2.3 Lift Modernisation Forecasted Market Size by Region (2026-2031)
2.3 Lift Modernisation Market Dynamics
2.3.1 Lift Modernisation Industry Trends
2.3.2 Lift Modernisation Market Drivers
2.3.3 Lift Modernisation Market Challenges
2.3.4 Lift Modernisation Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Lift Modernisation Players by Revenue
3.1.1 Global Top Lift Modernisation Players by Revenue (2020-2025)
3.1.2 Global Lift Modernisation Revenue Market Share by Players (2020-2025)
3.2 Global Lift Modernisation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Lift Modernisation Revenue
3.4 Global Lift Modernisation Market Concentration Ratio
3.4.1 Global Lift Modernisation Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Lift Modernisation Revenue in 2024
3.5 Global Key Players of Lift Modernisation Head office and Area Served
3.6 Global Key Players of Lift Modernisation, Product and Application
3.7 Global Key Players of Lift Modernisation, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Lift Modernisation Breakdown Data by Type
4.1 Global Lift Modernisation Historic Market Size by Type (2020-2025)
4.2 Global Lift Modernisation Forecasted Market Size by Type (2026-2031)
5 Lift Modernisation Breakdown Data by Application
5.1 Global Lift Modernisation Historic Market Size by Application (2020-2025)
5.2 Global Lift Modernisation Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Lift Modernisation Market Size (2020-2031)
6.2 North America Lift Modernisation Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Lift Modernisation Market Size by Country (2020-2025)
6.4 North America Lift Modernisation Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Lift Modernisation Market Size (2020-2031)
7.2 Europe Lift Modernisation Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Lift Modernisation Market Size by Country (2020-2025)
7.4 Europe Lift Modernisation Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Lift Modernisation Market Size (2020-2031)
8.2 Asia-Pacific Lift Modernisation Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Lift Modernisation Market Size by Region (2020-2025)
8.4 Asia-Pacific Lift Modernisation Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Lift Modernisation Market Size (2020-2031)
9.2 Latin America Lift Modernisation Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Lift Modernisation Market Size by Country (2020-2025)
9.4 Latin America Lift Modernisation Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Lift Modernisation Market Size (2020-2031)
10.2 Middle East & Africa Lift Modernisation Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Lift Modernisation Market Size by Country (2020-2025)
10.4 Middle East & Africa Lift Modernisation Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Hitachi
11.1.1 Hitachi Company Details
11.1.2 Hitachi Business Overview
11.1.3 Hitachi Lift Modernisation Introduction
11.1.4 Hitachi Revenue in Lift Modernisation Business (2020-2025)
11.1.5 Hitachi Recent Development
11.2 Hyundai Elevator
11.2.1 Hyundai Elevator Company Details
11.2.2 Hyundai Elevator Business Overview
11.2.3 Hyundai Elevator Lift Modernisation Introduction
11.2.4 Hyundai Elevator Revenue in Lift Modernisation Business (2020-2025)
11.2.5 Hyundai Elevator Recent Development
11.3 Doppler S.A.
11.3.1 Doppler S.A. Company Details
11.3.2 Doppler S.A. Business Overview
11.3.3 Doppler S.A. Lift Modernisation Introduction
11.3.4 Doppler S.A. Revenue in Lift Modernisation Business (2020-2025)
11.3.5 Doppler S.A. Recent Development
11.4 Fujitec
11.4.1 Fujitec Company Details
11.4.2 Fujitec Business Overview
11.4.3 Fujitec Lift Modernisation Introduction
11.4.4 Fujitec Revenue in Lift Modernisation Business (2020-2025)
11.4.5 Fujitec Recent Development
11.5 TK Elevator
11.5.1 TK Elevator Company Details
11.5.2 TK Elevator Business Overview
11.5.3 TK Elevator Lift Modernisation Introduction
11.5.4 TK Elevator Revenue in Lift Modernisation Business (2020-2025)
11.5.5 TK Elevator Recent Development
11.6 Schindler Group
11.6.1 Schindler Group Company Details
11.6.2 Schindler Group Business Overview
11.6.3 Schindler Group Lift Modernisation Introduction
11.6.4 Schindler Group Revenue in Lift Modernisation Business (2020-2025)
11.6.5 Schindler Group Recent Development
11.7 Johnson Lifts Private Ltd
11.7.1 Johnson Lifts Private Ltd Company Details
11.7.2 Johnson Lifts Private Ltd Business Overview
11.7.3 Johnson Lifts Private Ltd Lift Modernisation Introduction
11.7.4 Johnson Lifts Private Ltd Revenue in Lift Modernisation Business (2020-2025)
11.7.5 Johnson Lifts Private Ltd Recent Development
11.8 Magnetek, Inc.
11.8.1 Magnetek, Inc. Company Details
11.8.2 Magnetek, Inc. Business Overview
11.8.3 Magnetek, Inc. Lift Modernisation Introduction
11.8.4 Magnetek, Inc. Revenue in Lift Modernisation Business (2020-2025)
11.8.5 Magnetek, Inc. Recent Development
11.9 Richmond Elevator
11.9.1 Richmond Elevator Company Details
11.9.2 Richmond Elevator Business Overview
11.9.3 Richmond Elevator Lift Modernisation Introduction
11.9.4 Richmond Elevator Revenue in Lift Modernisation Business (2020-2025)
11.9.5 Richmond Elevator Recent Development
11.10 Wittur Group
11.10.1 Wittur Group Company Details
11.10.2 Wittur Group Business Overview
11.10.3 Wittur Group Lift Modernisation Introduction
11.10.4 Wittur Group Revenue in Lift Modernisation Business (2020-2025)
11.10.5 Wittur Group Recent Development
11.11 Mitsubishi Electric
11.11.1 Mitsubishi Electric Company Details
11.11.2 Mitsubishi Electric Business Overview
11.11.3 Mitsubishi Electric Lift Modernisation Introduction
11.11.4 Mitsubishi Electric Revenue in Lift Modernisation Business (2020-2025)
11.11.5 Mitsubishi Electric Recent Development
11.12 Otis Elevator Company
11.12.1 Otis Elevator Company Company Details
11.12.2 Otis Elevator Company Business Overview
11.12.3 Otis Elevator Company Lift Modernisation Introduction
11.12.4 Otis Elevator Company Revenue in Lift Modernisation Business (2020-2025)
11.12.5 Otis Elevator Company Recent Development
11.13 KONE Corporation
11.13.1 KONE Corporation Company Details
11.13.2 KONE Corporation Business Overview
11.13.3 KONE Corporation Lift Modernisation Introduction
11.13.4 KONE Corporation Revenue in Lift Modernisation Business (2020-2025)
11.13.5 KONE Corporation Recent Development
11.14 Toshiba Elevator and Building Systems Corporation
11.14.1 Toshiba Elevator and Building Systems Corporation Company Details
11.14.2 Toshiba Elevator and Building Systems Corporation Business Overview
11.14.3 Toshiba Elevator and Building Systems Corporation Lift Modernisation Introduction
11.14.4 Toshiba Elevator and Building Systems Corporation Revenue in Lift Modernisation Business (2020-2025)
11.14.5 Toshiba Elevator and Building Systems Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
 Table 1. Global Lift Modernisation Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Key Players of Hydraulic
 Table 3. Key Players of Traction
 Table 4. Global Lift Modernisation Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 5. Global Lift Modernisation Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 6. Global Lift Modernisation Market Size by Region (2020-2025) & (US$ Million)
 Table 7. Global Lift Modernisation Market Share by Region (2020-2025)
 Table 8. Global Lift Modernisation Forecasted Market Size by Region (2026-2031) & (US$ Million)
 Table 9. Global Lift Modernisation Market Share by Region (2026-2031)
 Table 10. Lift Modernisation Market Trends
 Table 11. Lift Modernisation Market Drivers
 Table 12. Lift Modernisation Market Challenges
 Table 13. Lift Modernisation Market Restraints
 Table 14. Global Lift Modernisation Revenue by Players (2020-2025) & (US$ Million)
 Table 15. Global Lift Modernisation Market Share by Players (2020-2025)
 Table 16. Global Top Lift Modernisation Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lift Modernisation as of 2024)
 Table 17. Ranking of Global Top Lift Modernisation Companies by Revenue (US$ Million) in 2024
 Table 18. Global 5 Largest Players Market Share by Lift Modernisation Revenue (CR5 and HHI) & (2020-2025)
 Table 19. Global Key Players of Lift Modernisation, Headquarters and Area Served
 Table 20. Global Key Players of Lift Modernisation, Product and Application
 Table 21. Global Key Players of Lift Modernisation, Date of Enter into This Industry
 Table 22. Mergers & Acquisitions, Expansion Plans
 Table 23. Global Lift Modernisation Market Size by Type (2020-2025) & (US$ Million)
 Table 24. Global Lift Modernisation Revenue Market Share by Type (2020-2025)
 Table 25. Global Lift Modernisation Forecasted Market Size by Type (2026-2031) & (US$ Million)
 Table 26. Global Lift Modernisation Revenue Market Share by Type (2026-2031)
 Table 27. Global Lift Modernisation Market Size by Application (2020-2025) & (US$ Million)
 Table 28. Global Lift Modernisation Revenue Market Share by Application (2020-2025)
 Table 29. Global Lift Modernisation Forecasted Market Size by Application (2026-2031) & (US$ Million)
 Table 30. Global Lift Modernisation Revenue Market Share by Application (2026-2031)
 Table 31. North America Lift Modernisation Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 32. North America Lift Modernisation Market Size by Country (2020-2025) & (US$ Million)
 Table 33. North America Lift Modernisation Market Size by Country (2026-2031) & (US$ Million)
 Table 34. Europe Lift Modernisation Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 35. Europe Lift Modernisation Market Size by Country (2020-2025) & (US$ Million)
 Table 36. Europe Lift Modernisation Market Size by Country (2026-2031) & (US$ Million)
 Table 37. Asia-Pacific Lift Modernisation Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 38. Asia-Pacific Lift Modernisation Market Size by Region (2020-2025) & (US$ Million)
 Table 39. Asia-Pacific Lift Modernisation Market Size by Region (2026-2031) & (US$ Million)
 Table 40. Latin America Lift Modernisation Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 41. Latin America Lift Modernisation Market Size by Country (2020-2025) & (US$ Million)
 Table 42. Latin America Lift Modernisation Market Size by Country (2026-2031) & (US$ Million)
 Table 43. Middle East & Africa Lift Modernisation Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 44. Middle East & Africa Lift Modernisation Market Size by Country (2020-2025) & (US$ Million)
 Table 45. Middle East & Africa Lift Modernisation Market Size by Country (2026-2031) & (US$ Million)
 Table 46. Hitachi Company Details
 Table 47. Hitachi Business Overview
 Table 48. Hitachi Lift Modernisation Product
 Table 49. Hitachi Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 50. Hitachi Recent Development
 Table 51. Hyundai Elevator Company Details
 Table 52. Hyundai Elevator Business Overview
 Table 53. Hyundai Elevator Lift Modernisation Product
 Table 54. Hyundai Elevator Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 55. Hyundai Elevator Recent Development
 Table 56. Doppler S.A. Company Details
 Table 57. Doppler S.A. Business Overview
 Table 58. Doppler S.A. Lift Modernisation Product
 Table 59. Doppler S.A. Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 60. Doppler S.A. Recent Development
 Table 61. Fujitec Company Details
 Table 62. Fujitec Business Overview
 Table 63. Fujitec Lift Modernisation Product
 Table 64. Fujitec Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 65. Fujitec Recent Development
 Table 66. TK Elevator Company Details
 Table 67. TK Elevator Business Overview
 Table 68. TK Elevator Lift Modernisation Product
 Table 69. TK Elevator Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 70. TK Elevator Recent Development
 Table 71. Schindler Group Company Details
 Table 72. Schindler Group Business Overview
 Table 73. Schindler Group Lift Modernisation Product
 Table 74. Schindler Group Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 75. Schindler Group Recent Development
 Table 76. Johnson Lifts Private Ltd Company Details
 Table 77. Johnson Lifts Private Ltd Business Overview
 Table 78. Johnson Lifts Private Ltd Lift Modernisation Product
 Table 79. Johnson Lifts Private Ltd Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 80. Johnson Lifts Private Ltd Recent Development
 Table 81. Magnetek, Inc. Company Details
 Table 82. Magnetek, Inc. Business Overview
 Table 83. Magnetek, Inc. Lift Modernisation Product
 Table 84. Magnetek, Inc. Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 85. Magnetek, Inc. Recent Development
 Table 86. Richmond Elevator Company Details
 Table 87. Richmond Elevator Business Overview
 Table 88. Richmond Elevator Lift Modernisation Product
 Table 89. Richmond Elevator Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 90. Richmond Elevator Recent Development
 Table 91. Wittur Group Company Details
 Table 92. Wittur Group Business Overview
 Table 93. Wittur Group Lift Modernisation Product
 Table 94. Wittur Group Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 95. Wittur Group Recent Development
 Table 96. Mitsubishi Electric Company Details
 Table 97. Mitsubishi Electric Business Overview
 Table 98. Mitsubishi Electric Lift Modernisation Product
 Table 99. Mitsubishi Electric Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 100. Mitsubishi Electric Recent Development
 Table 101. Otis Elevator Company Company Details
 Table 102. Otis Elevator Company Business Overview
 Table 103. Otis Elevator Company Lift Modernisation Product
 Table 104. Otis Elevator Company Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 105. Otis Elevator Company Recent Development
 Table 106. KONE Corporation Company Details
 Table 107. KONE Corporation Business Overview
 Table 108. KONE Corporation Lift Modernisation Product
 Table 109. KONE Corporation Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 110. KONE Corporation Recent Development
 Table 111. Toshiba Elevator and Building Systems Corporation Company Details
 Table 112. Toshiba Elevator and Building Systems Corporation Business Overview
 Table 113. Toshiba Elevator and Building Systems Corporation Lift Modernisation Product
 Table 114. Toshiba Elevator and Building Systems Corporation Revenue in Lift Modernisation Business (2020-2025) & (US$ Million)
 Table 115. Toshiba Elevator and Building Systems Corporation Recent Development
 Table 116. Research Programs/Design for This Report
 Table 117. Key Data Information from Secondary Sources
 Table 118. Key Data Information from Primary Sources
 Table 119. Authors List of This Report


List of Figures
 Figure 1. Lift Modernisation Picture
 Figure 2. Global Lift Modernisation Market Size Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global Lift Modernisation Market Share by Type: 2024 VS 2031
 Figure 4. Hydraulic Features
 Figure 5. Traction Features
 Figure 6. Global Lift Modernisation Market Size by Application (2020-2031) & (US$ Million)
 Figure 7. Global Lift Modernisation Market Share by Application: 2024 VS 2031
 Figure 8. Commercial Case Studies
 Figure 9. Industrial Case Studies
 Figure 10. Residential Case Studies
 Figure 11. Lift Modernisation Report Years Considered
 Figure 12. Global Lift Modernisation Market Size (US$ Million), Year-over-Year: 2020-2031
 Figure 13. Global Lift Modernisation Market Size, (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global Lift Modernisation Market Share by Region: 2024 VS 2031
 Figure 15. Global Lift Modernisation Market Share by Players in 2024
 Figure 16. Global Top Lift Modernisation Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lift Modernisation as of 2024)
 Figure 17. The Top 10 and 5 Players Market Share by Lift Modernisation Revenue in 2024
 Figure 18. North America Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 19. North America Lift Modernisation Market Share by Country (2020-2031)
 Figure 20. United States Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 21. Canada Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 22. Europe Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 23. Europe Lift Modernisation Market Share by Country (2020-2031)
 Figure 24. Germany Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 25. France Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 26. U.K. Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 27. Italy Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 28. Russia Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 29. Nordic Countries Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 30. Asia-Pacific Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 31. Asia-Pacific Lift Modernisation Market Share by Region (2020-2031)
 Figure 32. China Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 33. Japan Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 34. South Korea Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 35. Southeast Asia Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 36. India Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 37. Australia Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 38. Latin America Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 39. Latin America Lift Modernisation Market Share by Country (2020-2031)
 Figure 40. Mexico Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 41. Brazil Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 42. Middle East & Africa Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 43. Middle East & Africa Lift Modernisation Market Share by Country (2020-2031)
 Figure 44. Turkey Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 45. Saudi Arabia Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 46. UAE Lift Modernisation Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 47. Hitachi Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 48. Hyundai Elevator Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 49. Doppler S.A. Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 50. Fujitec Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 51. TK Elevator Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 52. Schindler Group Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 53. Johnson Lifts Private Ltd Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 54. Magnetek, Inc. Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 55. Richmond Elevator Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 56. Wittur Group Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 57. Mitsubishi Electric Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 58. Otis Elevator Company Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 59. KONE Corporation Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 60. Toshiba Elevator and Building Systems Corporation Revenue Growth Rate in Lift Modernisation Business (2020-2025)
 Figure 61. Bottom-up and Top-down Approaches for This Report
 Figure 62. Data Triangulation
 Figure 63. Key Executives Interviewed
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