Published: 31 Oct 2023 | Report Code: 10247546 | Pages: 170
Global Elevator Modernization Market will reach $17.69 billion by 2032, growing by 6.1% annually over 2022-2032, driven by the growing number of aged buildings, the rising demand for elevator renovation, and continued expansion of construction industry. Highlighted with 86 tables and 81 figures, this 170-page report “Global Elevator Modernization Market 2022-2032 by Modernization Type (Partial, Full), Elevator Type (Hydraulic, Traction), Component, Application (Industrial, Residential, Commercial), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Global Elevator Modernization Market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides a forecast from 2023 to 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include the identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Five Forces
The trend and outlook of the global market is forecast in an optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify the Global Elevator Modernization Market in every aspect of the classification from perspectives of Modernization Type, Elevator Type, Component, Application, and Region.
Based on Modernization Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Full Modernization
• Partial Modernization
Based on Elevator Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hydraulic Elevators
o Conventional Hydraulic Elevators
o Hole-less Hydraulic Elevators
o Roped Hydraulic Elevators
• Traction Elevators
o Geared Traction Elevators
o Gear-less Traction Elevators
o Machine Room-Less Elevators
• Climbing Elevators
• Pneumatic/Vacuum Elevators
By Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Power Units
• Cabin Enclosures
• Controllers
o Relay-based
o Solid-state
o PLC
• Signaling Fixtures
• Door Equipment
• Other Components
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Industrial Application
• Residential Application
• Commercial Application
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, Egypt, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Elevator Type, Component, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
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.)
Table of Contents: 1 Introduction 9 1.1 Industry Definition and Research Scope 9 1.1.1 Industry Definition 9 1.1.2 Research Scope 10 1.2 Research Methodology 13 1.2.1 Overview of Market Research Methodology 13 1.2.2 Market Assumption 14 1.2.3 Secondary Data 14 1.2.4 Primary Data 14 1.2.5 Data Filtration and Model Design 15 1.2.6 Market Size/Share Estimation 16 1.2.7 Research Limitations 17 1.3 Executive Summary 18 2 Market Overview and Dynamics 21 2.1 Market Size and Forecast 21 2.1.1 Impact of COVID-19 on World Economy 22 2.1.2 Impact of COVID-19 on the Market 25 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 27 2.2 Major Growth Drivers 31 2.3 Market Restraints and Challenges 35 2.4 Emerging Opportunities and Market Trends 38 2.5 Porter’s Fiver Forces Analysis 42 3 Segmentation of Global Market by Modernization Type 46 3.1 Market Overview by Modernization Type 46 3.2 Full Modernization 48 3.3 Partial Modernization 49 4 Segmentation of Global Market by Elevator Type 50 4.1 Market Overview by Elevator Type 50 4.2 Hydraulic Elevators 52 4.2.1 Conventional Hydraulic Elevators 53 4.2.2 Hole-less Hydraulic Elevators 54 4.2.3 Roped Hydraulic Elevators 55 4.3 Traction Elevators 56 4.3.1 Geared Traction Elevators 57 4.3.2 Gear-less Traction Elevators 58 4.3.3 Machine Room-Less Elevators 59 4.4 Climbing Elevators 60 4.5 Pneumatic/Vacuum Elevators 61 5 Segmentation of Global Market by Component 62 5.1 Market Overview by Component 62 5.2 Power Units 64 5.3 Cabin Enclosures 65 5.4 Controllers 66 5.5 Signaling Fixtures 67 5.6 Door Equipment 68 5.7 Other Components 69 6 Segmentation of Global Market by Application 70 6.1 Market Overview by Application 70 6.2 Industrial Application 72 6.3 Residential Application 73 6.4 Commercial Application 74 7 Segmentation of Global Market by Region 75 7.1 Geographic Market Overview 2022-2032 75 7.2 North America Market 2022-2032 by Country 79 7.2.1 Overview of North America Market 79 7.2.2 U.S. 82 7.2.3 Canada 85 7.2.4 Mexico 87 7.3 European Market 2022-2032 by Country 89 7.3.1 Overview of European Market 89 7.3.2 Germany 92 7.3.3 UK 94 7.3.4 France 96 7.3.5 Spain 98 7.3.6 Italy 100 7.3.7 Russia 102 7.3.8 Rest of European Market 104 7.4 Asia-Pacific Market 2022-2032 by Country 106 7.4.1 Overview of Asia-Pacific Market 106 7.4.2 Japan 109 7.4.3 China 112 7.4.4 Australia 114 7.4.5 India 116 7.4.6 South Korea 118 7.4.7 Rest of APAC Region 120 7.5 South America Market 2022-2032 by Country 122 7.5.1 Argentina 125 7.5.2 Brazil 127 7.5.3 Chile 129 7.5.4 Rest of South America Market 131 7.6 MEA Market 2022-2032 by Country 132 7.6.1 UAE 135 7.6.2 Saudi Arabia 137 7.6.3 Egypt 139 7.6.4 Other National Markets 141 8 Competitive Landscape 142 8.1 Overview of Key Vendors 142 8.2 New Product Launch, Partnership, Investment, and M&A 145 8.3 Company Profiles 146 Doppler S.A. 146 Fujitec Co., Ltd. 148 Hitachi, Ltd. 149 Hyundai Elevator Co., Ltd. 150 Johnson Lifts Private Ltd. 151 KONE Corporation 152 Magnetek, Inc. 153 Mitsubishi Electric Corporation 154 Otis Elevator Company 155 Richmond Elevator (REM) 156 Schindler Holding Ltd. 157 Sematic S.p.A 158 Siemens AG 159 ThyssenKrupp Elevator AG 160 Toshiba Elevator and Building Systems Corporation (TOSHIBA) 161 United Technologies Corporation 162 Wittur Group 163 9 Investing in Global Market: Risk Assessment and Management 164 9.1 Risk Evaluation of Global Market 164 9.2 Critical Success Factors (CSFs) 167 Related Reports and Products 170
List of Tables:
Table 1. Snapshot of Global Elevator Modernization Market in Balanced Perspective, 2022-2032 19 Table 2. World Economic Outlook, 2021-2031 23 Table 3. World Economic Outlook, 2021-2023 24 Table 4. Scenarios for Economic Impact of Ukraine Crisis 28 Table 5. Main Product Trends and Market Opportunities in Global Elevator Modernization Market 38 Table 6. Global Elevator Modernization Market by Modernization Type, 2022-2032, $ mn 46 Table 7. Global Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 50 Table 8. Global Elevator Modernization Market: Hydraulic Elevators by Elevator Type, 2022-2032, $ mn 52 Table 9. Global Elevator Modernization Market: Traction Elevators by Elevator Type, 2022-2032, $ mn 56 Table 10. Global Elevator Modernization Market by Component, 2022-2032, $ mn 62 Table 11. Global Elevator Modernization Market: Controllers by Type, 2022-2032, $ mn 66 Table 12. Global Elevator Modernization Market by Application, 2022-2032, $ mn 70 Table 13. Global Elevator Modernization Market by Region, 2022-2032, $ mn 76 Table 14. Leading National Elevator Modernization Market, 2022 and 2032, $ mn 78 Table 15. North America Elevator Modernization Market by Country, 2022-2032, $ mn 81 Table 16. U.S. Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 84 Table 17. U.S. Elevator Modernization Market by Component, 2022-2032, $ mn 84 Table 18. U.S. Elevator Modernization Market by Application, 2022-2032, $ mn 84 Table 19. Canada Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 86 Table 20. Canada Elevator Modernization Market by Component, 2022-2032, $ mn 86 Table 21. Canada Elevator Modernization Market by Application, 2022-2032, $ mn 86 Table 22. Mexico Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 88 Table 23. Mexico Elevator Modernization Market by Component, 2022-2032, $ mn 88 Table 24. Mexico Elevator Modernization Market by Application, 2022-2032, $ mn 88 Table 25. Europe Elevator Modernization Market by Country, 2022-2032, $ mn 91 Table 26. Germany Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 93 Table 27. Germany Elevator Modernization Market by Component, 2022-2032, $ mn 93 Table 28. Germany Elevator Modernization Market by Application, 2022-2032, $ mn 93 Table 29. UK Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 95 Table 30. UK Elevator Modernization Market by Component, 2022-2032, $ mn 95 Table 31. UK Elevator Modernization Market by Application, 2022-2032, $ mn 95 Table 32. France Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 97 Table 33. France Elevator Modernization Market by Component, 2022-2032, $ mn 97 Table 34. France Elevator Modernization Market by Application, 2022-2032, $ mn 97 Table 35. Spain Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 99 Table 36. Spain Elevator Modernization Market by Component, 2022-2032, $ mn 99 Table 37. Spain Elevator Modernization Market by Application, 2022-2032, $ mn 99 Table 38. Italy Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 101 Table 39. Italy Elevator Modernization Market by Component, 2022-2032, $ mn 101 Table 40. Italy Elevator Modernization Market by Application, 2022-2032, $ mn 101 Table 41. Russia Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 103 Table 42. Russia Elevator Modernization Market by Component, 2022-2032, $ mn 103 Table 43. Russia Elevator Modernization Market by Application, 2022-2032, $ mn 103 Table 44. Elevator Modernization Market in Rest of Europe by Country, 2022-2032, $ mn 105 Table 45. APAC Elevator Modernization Market by Country, 2022-2032, $ mn 108 Table 46. Japan Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 111 Table 47. Japan Elevator Modernization Market by Component, 2022-2032, $ mn 111 Table 48. Japan Elevator Modernization Market by Application, 2022-2032, $ mn 111 Table 49. China Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 113 Table 50. China Elevator Modernization Market by Component, 2022-2032, $ mn 113 Table 51. China Elevator Modernization Market by Application, 2022-2032, $ mn 113 Table 52. Australia Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 115 Table 53. Australia Elevator Modernization Market by Component, 2022-2032, $ mn 115 Table 54. Australia Elevator Modernization Market by Application, 2022-2032, $ mn 115 Table 55. India Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 117 Table 56. India Elevator Modernization Market by Component, 2022-2032, $ mn 117 Table 57. India Elevator Modernization Market by Application, 2022-2032, $ mn 117 Table 58. South Korea Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 119 Table 59. South Korea Elevator Modernization Market by Component, 2022-2032, $ mn 119 Table 60. South Korea Elevator Modernization Market by Application, 2022-2032, $ mn 119 Table 61. Elevator Modernization Market in Rest of APAC by Country/Region, 2022-2032, $ mn 121 Table 62. South America Elevator Modernization Market by Country, 2022-2032, $ mn 124 Table 63. Argentina Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 126 Table 64. Argentina Elevator Modernization Market by Component, 2022-2032, $ mn 126 Table 65. Argentina Elevator Modernization Market by Application, 2022-2032, $ mn 126 Table 66. Brazil Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 128 Table 67. Brazil Elevator Modernization Market by Component, 2022-2032, $ mn 128 Table 68. Brazil Elevator Modernization Market by Application, 2022-2032, $ mn 128 Table 69. Chile Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 130 Table 70. Chile Elevator Modernization Market by Component, 2022-2032, $ mn 130 Table 71. Chile Elevator Modernization Market by Application, 2022-2032, $ mn 130 Table 72. MEA Elevator Modernization Market by Country, 2022-2032, $ mn 134 Table 73. UAE Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 136 Table 74. UAE Elevator Modernization Market by Component, 2022-2032, $ mn 136 Table 75. UAE Elevator Modernization Market by Application, 2022-2032, $ mn 136 Table 76. Saudi Arabia Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 138 Table 77. Saudi Arabia Elevator Modernization Market by Component, 2022-2032, $ mn 138 Table 78. Saudi Arabia Elevator Modernization Market by Application, 2022-2032, $ mn 138 Table 79. Egypt Elevator Modernization Market by Elevator Type, 2022-2032, $ mn 140 Table 80. Egypt Elevator Modernization Market by Component, 2022-2032, $ mn 140 Table 81. Egypt Elevator Modernization Market by Application, 2022-2032, $ mn 140 Table 82. Doppler S.A.: Company Snapshot 146 Table 83. Doppler S.A.: Business Segmentation 146 Table 84. Doppler S.A.: Product Portfolio 147 Table 85. Risk Evaluation for Investing in Global Market, 2022-2032 165 Table 86. Critical Success Factors and Key Takeaways 168
List of Figures: Figure 1. Research Method Flow Chart 13 Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16 Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 18 Figure 4. Global Elevator Modernization Market, 2022-2032, $ mn 21 Figure 5. Impact of COVID-19 on Business 25 Figure 6. Primary Drivers and Impact Factors of Global Elevator Modernization Market 31 Figure 7. World Construction Industry, 2019-2030, $ trillion 34 Figure 8. Primary Restraints and Impact Factors of Global Elevator Modernization Market 35 Figure 9. Investment Opportunity Analysis 39 Figure 10. Porter’s Fiver Forces Analysis of Global Elevator Modernization Market 42 Figure 11. Breakdown of Global Elevator Modernization Market by Modernization Type, 2022-2032, % of Revenue 46 Figure 12. Contribution to Global 2023-2032 Cumulative Revenue by Modernization Type, Value ($ mn) and Share (%) 47 Figure 13. Global Elevator Modernization Market by Modernization Type: Full Modernization, 2022-2032, $ mn 48 Figure 14. Global Elevator Modernization Market by Modernization Type: Partial Modernization, 2022-2032, $ mn 49 Figure 15. Breakdown of Global Elevator Modernization Market by Elevator Type, 2022-2032, % of Revenue 50 Figure 16. Contribution to Global 2023-2032 Cumulative Revenue by Elevator Type, Value ($ mn) and Share (%) 51 Figure 17. Global Elevator Modernization Market by Elevator Type: Hydraulic Elevators, 2022-2032, $ mn 52 Figure 18. Global Elevator Modernization Market by Hydraulic Elevators: Conventional Hydraulic Elevators, 2022-2032, $ mn 53 Figure 19. Global Elevator Modernization Market by Hydraulic Elevators: Hole-less Hydraulic Elevators, 2022-2032, $ mn 54 Figure 20. Global Elevator Modernization Market by Hydraulic Elevators: Roped Hydraulic Elevators, 2022-2032, $ mn 55 Figure 21. Global Elevator Modernization Market by Elevator Type: Traction Elevators, 2022-2032, $ mn 56 Figure 22. Global Elevator Modernization Market by Traction Elevators: Geared Traction Elevators, 2022-2032, $ mn 57 Figure 23. Global Elevator Modernization Market by Traction Elevators: Gear-less Traction Elevators, 2022-2032, $ mn 58 Figure 24. Global Elevator Modernization Market by Traction Elevators: Machine Room-Less Elevators, 2022-2032, $ mn 59 Figure 25. Global Elevator Modernization Market by Elevator Type: Climbing Elevators, 2022-2032, $ mn 60 Figure 26. Global Elevator Modernization Market by Elevator Type: Pneumatic/Vacuum Elevators, 2022-2032, $ mn 61 Figure 27. Breakdown of Global Elevator Modernization Market by Component, 2022-2032, % of Revenue 62 Figure 28. Contribution to Global 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 63 Figure 29. Global Elevator Modernization Market by Component: Power Units, 2022-2032, $ mn 64 Figure 30. Global Elevator Modernization Market by Component: Cabin Enclosures, 2022-2032, $ mn 65 Figure 31. Global Elevator Modernization Market by Component: Controllers, 2022-2032, $ mn 66 Figure 32. Global Elevator Modernization Market by Component: Signaling Fixtures, 2022-2032, $ mn 67 Figure 33. Global Elevator Modernization Market by Component: Door Equipment, 2022-2032, $ mn 68 Figure 34. Global Elevator Modernization Market by Component: Other Components, 2022-2032, $ mn 69 Figure 35. Breakdown of Global Elevator Modernization Market by Application, 2022-2032, % of Revenue 70 Figure 36. Contribution to Global 2023-2032 Cumulative Revenue by Application, Value ($ mn) and Share (%) 71 Figure 37. Global Elevator Modernization Market by Application: Industrial Application, 2022-2032, $ mn 72 Figure 38. Global Elevator Modernization Market by Application: Residential Application, 2022-2032, $ mn 73 Figure 39. Global Elevator Modernization Market by Application: Commercial Application, 2022-2032, $ mn 74 Figure 40. Global Market Snapshot by Region 75 Figure 41. Geographic Spread of Worldwide Elevator Modernization Market, 2022-2032, % of Revenue 76 Figure 42. Contribution to Global 2023-2032 Cumulative Revenue by Region, Value ($ mn) and Share (%) 77 Figure 43. North American Elevator Modernization Market, 2022-2032, $ mn 80 Figure 44. Breakdown of North America Elevator Modernization Market by Country, 2022 and 2032, % of Revenue 80 Figure 45. Contribution to North America 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 81 Figure 46. U.S. Elevator Modernization Market, 2022-2032, $ mn 83 Figure 47. Canada Elevator Modernization Market, 2022-2032, $ mn 85 Figure 48. Elevator Modernization Market in Mexico, 2022-2032, $ mn 87 Figure 49. European Elevator Modernization Market, 2022-2032, $ mn 90 Figure 50. Breakdown of European Elevator Modernization Market by Country, 2022 and 2032, % of Revenue 90 Figure 51. Contribution to Europe 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 91 Figure 52. Elevator Modernization Market in Germany, 2022-2032, $ mn 92 Figure 53. Elevator Modernization Market in UK, 2022-2032, $ mn 94 Figure 54. Elevator Modernization Market in France, 2022-2032, $ mn 96 Figure 55. Elevator Modernization Market in Spain, 2022-2032, $ mn 98 Figure 56. Elevator Modernization Market in Italy, 2022-2032, $ mn 100 Figure 57. Elevator Modernization Market in Russia, 2022-2032, $ mn 102 Figure 58. Elevator Modernization Market in Rest of Europe, 2022-2032, $ mn 104 Figure 59. Asia-Pacific Elevator Modernization Market, 2022-2032, $ mn 107 Figure 60. Breakdown of APAC Elevator Modernization Market by Country, 2022 and 2032, % of Revenue 107 Figure 61. Contribution to APAC 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 108 Figure 62. Elevator Modernization Market in Japan, 2022-2032, $ mn 110 Figure 63. Elevator Modernization Market in China, 2022-2032, $ mn 112 Figure 64. Elevator Modernization Market in Australia, 2022-2032, $ mn 114 Figure 65. Elevator Modernization Market in India, 2022-2032, $ mn 116 Figure 66. Elevator Modernization Market in South Korea, 2022-2032, $ mn 118 Figure 67. Elevator Modernization Market in Rest of APAC, 2022-2032, $ mn 120 Figure 68. South America Elevator Modernization Market, 2022-2032, $ mn 123 Figure 69. Breakdown of South America Elevator Modernization Market by Country, 2022 and 2032, % of Revenue 123 Figure 70. Contribution to South America 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 124 Figure 71. Elevator Modernization Market in Argentina, 2022-2032, $ mn 125 Figure 72. Elevator Modernization Market in Brazil, 2022-2032, $ mn 127 Figure 73. Elevator Modernization Market in Chile, 2022-2032, $ mn 129 Figure 74. Elevator Modernization Market in Rest of South America, 2022-2032, $ mn 131 Figure 75. Elevator Modernization Market in MEA, 2022-2032, $ mn 133 Figure 76. Breakdown of MEA Elevator Modernization Market by Country, 2022 and 2032, % of Revenue 133 Figure 77. Contribution to MEA 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 134 Figure 78. Elevator Modernization Market in UAE, 2022-2032, $ mn 135 Figure 79. Elevator Modernization Market in Saudi Arabia, 2022-2032, $ mn 137 Figure 80. Elevator Modernization Market in Egypt, 2022-2032, $ mn 139 Figure 81. Growth Stage of Global Elevator Modernization Industry over the Forecast Period 142
Selected Key Players: 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.)