Elevator Maintenance Service Market, Global Outlook and Forecast 2023-2029

Report ID: MMG231756 | Category: Service & Software | Pages: 111 | Format: PDF | Published Date: September 16,2023

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Report Summary

Different types of elevator service contracts：
Survey and Report Contract. This contract covers quarterly, semiannual, or annual examination of all major components of an elevator. However, it does not include repair work, maintenance, or dismantling equipment that require elevator mechanics. Replacement or maintenance recommendations may be completed by the building owner or by the hired contractor in coordination with the property manager. However, as most of the owners demand at least basic elevator servicing, this type of maintenance contract is not suitable for them. Also, this type of contract makes it very difficult for the owner to avoid liability in case an accident occurs.
Oil & Grease or Examination and Lubrication Contract. Oil & Grease contracts mainly include lubrication of the moving parts of an elevator and minor adjustments on scheduled basis. In case any additional services are needed, the elevator service company reports the issue to the client along with an estimated cost. Once it is approved by the building owner, they schedule all the repairs and start their work. In this agreement, it is near to impossible for the owner to avoid liability in the event of accidents, injuries, or shut downs as he himself is responsible for approving the repair and replacement of parts. Due to this reason customer satisfaction is very low with this type of contract.
Full Maintenance Agreement (FMA). A full maintenance agreement allow the elevator service company to take care of all the elevator equipment mentioned in the maintenance agreement. FMA is like an insurance policy and allows the building owner to pay a yearly cost and free himself from the concerns relating to elevator maintenance. In this contract, the service company takes the responsibility of any accident that may occur, so the owner doesn’t have to bear any liability.
This report aims to provide a comprehensive presentation of the global market for Elevator Maintenance Service, 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 Elevator Maintenance Service. This report contains market size and forecasts of Elevator Maintenance Service in global, including the following market information:
Global Elevator Maintenance Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Elevator Maintenance Service market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Full Service Contract Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Elevator Maintenance Service include Otis, KONE, Hitachi, Fujitec, Bagby Elevator Company, Syney Electric, Schindler Elevator Corporation, D&D Elevator and EMR Elevator, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Elevator Maintenance Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Elevator Maintenance Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Elevator Maintenance Service Market Segment Percentages, by Type, 2022 (%)
    Full Service Contract
    Partial Service Contract
    Oil and Grease Contract
Global Elevator Maintenance Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Elevator Maintenance Service Market Segment Percentages, by Application, 2022 (%)
    Commercial
    Residential
    Others
Global Elevator Maintenance Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Elevator Maintenance Service Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Elevator Maintenance Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Elevator Maintenance Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Otis
    KONE
    Hitachi
    Fujitec
    Bagby Elevator Company
    Syney Electric
    Schindler Elevator Corporation
    D&D Elevator
    EMR Elevator
    Orona
    Eastern Elevators Group
    Mid-American Elevator
    HISA
    Century Elevator (BrandSafway)
    Asheville Elevator
    Brandywine Elevator Company
    Veterans Development
    Warren Elevator
    Pickerings Lifts
    Potomac Elevator Company
Outline of Major Chapters:
Chapter 1: Introduces the definition of Elevator Maintenance Service, market overview.
Chapter 2: Global Elevator Maintenance Service market size in revenue.
Chapter 3: Detailed analysis of Elevator Maintenance Service company competitive landscape, revenue and 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: Sales of Elevator Maintenance Service in regional level and country level. 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 of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Elevator Maintenance Service Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Elevator Maintenance Service Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Elevator Maintenance Service Overall Market Size
    2.1 Global Elevator Maintenance Service Market Size: 2022 VS 2029
    2.2 Global Elevator Maintenance Service Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Elevator Maintenance Service Players in Global Market
    3.2 Top Global Elevator Maintenance Service Companies Ranked by Revenue
    3.3 Global Elevator Maintenance Service Revenue by Companies
    3.4 Top 3 and Top 5 Elevator Maintenance Service Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Elevator Maintenance Service Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Elevator Maintenance Service Players in Global Market
        3.6.1 List of Global Tier 1 Elevator Maintenance Service Companies
        3.6.2 List of Global Tier 2 and Tier 3 Elevator Maintenance Service Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Elevator Maintenance Service Market Size Markets, 2022 & 2029
        4.1.2 Full Service Contract
        4.1.3 Partial Service Contract
        4.1.4 Oil and Grease Contract
    4.2 By Type - Global Elevator Maintenance Service Revenue & Forecasts
        4.2.1 By Type - Global Elevator Maintenance Service Revenue, 2018-2023
        4.2.2 By Type - Global Elevator Maintenance Service Revenue, 2024-2029
        4.2.3 By Type - Global Elevator Maintenance Service Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Elevator Maintenance Service Market Size, 2022 & 2029
        5.1.2 Commercial
        5.1.3 Residential
        5.1.4 Others
    5.2 By Application - Global Elevator Maintenance Service Revenue & Forecasts
        5.2.1 By Application - Global Elevator Maintenance Service Revenue, 2018-2023
        5.2.2 By Application - Global Elevator Maintenance Service Revenue, 2024-2029
        5.2.3 By Application - Global Elevator Maintenance Service Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Elevator Maintenance Service Market Size, 2022 & 2029
    6.2 By Region - Global Elevator Maintenance Service Revenue & Forecasts
        6.2.1 By Region - Global Elevator Maintenance Service Revenue, 2018-2023
        6.2.2 By Region - Global Elevator Maintenance Service Revenue, 2024-2029
        6.2.3 By Region - Global Elevator Maintenance Service Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Elevator Maintenance Service Revenue, 2018-2029
        6.3.2 US Elevator Maintenance Service Market Size, 2018-2029
        6.3.3 Canada Elevator Maintenance Service Market Size, 2018-2029
        6.3.4 Mexico Elevator Maintenance Service Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Elevator Maintenance Service Revenue, 2018-2029
        6.4.2 Germany Elevator Maintenance Service Market Size, 2018-2029
        6.4.3 France Elevator Maintenance Service Market Size, 2018-2029
        6.4.4 U.K. Elevator Maintenance Service Market Size, 2018-2029
        6.4.5 Italy Elevator Maintenance Service Market Size, 2018-2029
        6.4.6 Russia Elevator Maintenance Service Market Size, 2018-2029
        6.4.7 Nordic Countries Elevator Maintenance Service Market Size, 2018-2029
        6.4.8 Benelux Elevator Maintenance Service Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Elevator Maintenance Service Revenue, 2018-2029
        6.5.2 China Elevator Maintenance Service Market Size, 2018-2029
        6.5.3 Japan Elevator Maintenance Service Market Size, 2018-2029
        6.5.4 South Korea Elevator Maintenance Service Market Size, 2018-2029
        6.5.5 Southeast Asia Elevator Maintenance Service Market Size, 2018-2029
        6.5.6 India Elevator Maintenance Service Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Elevator Maintenance Service Revenue, 2018-2029
        6.6.2 Brazil Elevator Maintenance Service Market Size, 2018-2029
        6.6.3 Argentina Elevator Maintenance Service Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Elevator Maintenance Service Revenue, 2018-2029
        6.7.2 Turkey Elevator Maintenance Service Market Size, 2018-2029
        6.7.3 Israel Elevator Maintenance Service Market Size, 2018-2029
        6.7.4 Saudi Arabia Elevator Maintenance Service Market Size, 2018-2029
        6.7.5 UAE Elevator Maintenance Service Market Size, 2018-2029
7 Elevator Maintenance Service Companies Profiles
    7.1 Otis
        7.1.1 Otis Company Summary
        7.1.2 Otis Business Overview
        7.1.3 Otis Elevator Maintenance Service Major Product Offerings
        7.1.4 Otis Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.1.5 Otis Key News & Latest Developments
    7.2 KONE
        7.2.1 KONE Company Summary
        7.2.2 KONE Business Overview
        7.2.3 KONE Elevator Maintenance Service Major Product Offerings
        7.2.4 KONE Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.2.5 KONE Key News & Latest Developments
    7.3 Hitachi
        7.3.1 Hitachi Company Summary
        7.3.2 Hitachi Business Overview
        7.3.3 Hitachi Elevator Maintenance Service Major Product Offerings
        7.3.4 Hitachi Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.3.5 Hitachi Key News & Latest Developments
    7.4 Fujitec
        7.4.1 Fujitec Company Summary
        7.4.2 Fujitec Business Overview
        7.4.3 Fujitec Elevator Maintenance Service Major Product Offerings
        7.4.4 Fujitec Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.4.5 Fujitec Key News & Latest Developments
    7.5 Bagby Elevator Company
        7.5.1 Bagby Elevator Company Company Summary
        7.5.2 Bagby Elevator Company Business Overview
        7.5.3 Bagby Elevator Company Elevator Maintenance Service Major Product Offerings
        7.5.4 Bagby Elevator Company Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.5.5 Bagby Elevator Company Key News & Latest Developments
    7.6 Syney Electric
        7.6.1 Syney Electric Company Summary
        7.6.2 Syney Electric Business Overview
        7.6.3 Syney Electric Elevator Maintenance Service Major Product Offerings
        7.6.4 Syney Electric Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.6.5 Syney Electric Key News & Latest Developments
    7.7 Schindler Elevator Corporation
        7.7.1 Schindler Elevator Corporation Company Summary
        7.7.2 Schindler Elevator Corporation Business Overview
        7.7.3 Schindler Elevator Corporation Elevator Maintenance Service Major Product Offerings
        7.7.4 Schindler Elevator Corporation Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.7.5 Schindler Elevator Corporation Key News & Latest Developments
    7.8 D&D Elevator
        7.8.1 D&D Elevator Company Summary
        7.8.2 D&D Elevator Business Overview
        7.8.3 D&D Elevator Elevator Maintenance Service Major Product Offerings
        7.8.4 D&D Elevator Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.8.5 D&D Elevator Key News & Latest Developments
    7.9 EMR Elevator
        7.9.1 EMR Elevator Company Summary
        7.9.2 EMR Elevator Business Overview
        7.9.3 EMR Elevator Elevator Maintenance Service Major Product Offerings
        7.9.4 EMR Elevator Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.9.5 EMR Elevator Key News & Latest Developments
    7.10 Orona
        7.10.1 Orona Company Summary
        7.10.2 Orona Business Overview
        7.10.3 Orona Elevator Maintenance Service Major Product Offerings
        7.10.4 Orona Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.10.5 Orona Key News & Latest Developments
    7.11 Eastern Elevators Group
        7.11.1 Eastern Elevators Group Company Summary
        7.11.2 Eastern Elevators Group Business Overview
        7.11.3 Eastern Elevators Group Elevator Maintenance Service Major Product Offerings
        7.11.4 Eastern Elevators Group Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.11.5 Eastern Elevators Group Key News & Latest Developments
    7.12 Mid-American Elevator
        7.12.1 Mid-American Elevator Company Summary
        7.12.2 Mid-American Elevator Business Overview
        7.12.3 Mid-American Elevator Elevator Maintenance Service Major Product Offerings
        7.12.4 Mid-American Elevator Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.12.5 Mid-American Elevator Key News & Latest Developments
    7.13 HISA
        7.13.1 HISA Company Summary
        7.13.2 HISA Business Overview
        7.13.3 HISA Elevator Maintenance Service Major Product Offerings
        7.13.4 HISA Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.13.5 HISA Key News & Latest Developments
    7.14 Century Elevator (BrandSafway)
        7.14.1 Century Elevator (BrandSafway) Company Summary
        7.14.2 Century Elevator (BrandSafway) Business Overview
        7.14.3 Century Elevator (BrandSafway) Elevator Maintenance Service Major Product Offerings
        7.14.4 Century Elevator (BrandSafway) Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.14.5 Century Elevator (BrandSafway) Key News & Latest Developments
    7.15 Asheville Elevator
        7.15.1 Asheville Elevator Company Summary
        7.15.2 Asheville Elevator Business Overview
        7.15.3 Asheville Elevator Elevator Maintenance Service Major Product Offerings
        7.15.4 Asheville Elevator Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.15.5 Asheville Elevator Key News & Latest Developments
    7.16 Brandywine Elevator Company
        7.16.1 Brandywine Elevator Company Company Summary
        7.16.2 Brandywine Elevator Company Business Overview
        7.16.3 Brandywine Elevator Company Elevator Maintenance Service Major Product Offerings
        7.16.4 Brandywine Elevator Company Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.16.5 Brandywine Elevator Company Key News & Latest Developments
    7.17 Veterans Development
        7.17.1 Veterans Development Company Summary
        7.17.2 Veterans Development Business Overview
        7.17.3 Veterans Development Elevator Maintenance Service Major Product Offerings
        7.17.4 Veterans Development Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.17.5 Veterans Development Key News & Latest Developments
    7.18 Warren Elevator
        7.18.1 Warren Elevator Company Summary
        7.18.2 Warren Elevator Business Overview
        7.18.3 Warren Elevator Elevator Maintenance Service Major Product Offerings
        7.18.4 Warren Elevator Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.18.5 Warren Elevator Key News & Latest Developments
    7.19 Pickerings Lifts
        7.19.1 Pickerings Lifts Company Summary
        7.19.2 Pickerings Lifts Business Overview
        7.19.3 Pickerings Lifts Elevator Maintenance Service Major Product Offerings
        7.19.4 Pickerings Lifts Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.19.5 Pickerings Lifts Key News & Latest Developments
    7.20 Potomac Elevator Company
        7.20.1 Potomac Elevator Company Company Summary
        7.20.2 Potomac Elevator Company Business Overview
        7.20.3 Potomac Elevator Company Elevator Maintenance Service Major Product Offerings
        7.20.4 Potomac Elevator Company Elevator Maintenance Service Revenue in Global Market (2018-2023)
        7.20.5 Potomac Elevator Company Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Elevator Maintenance Service Market, Global Outlook and Forecast 2023-2029

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