Global Lift Refurbishment Market Growth (Status and Outlook) 2025-2031
Description
The global Lift Refurbishment market size is predicted to grow from US$ 16850 million in 2025 to US$ 21890 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.
Lift refurbishment refers to the process of fully or partially repairing, updating and upgrading old or damaged elevators to improve their performance, safety and service life. As the elevator is used for a longer time, its electrical system, mechanical parts, hoistway structure and safety devices may gradually age or become damaged, resulting in reduced elevator operating efficiency and increased failure rate, which may even endanger passenger safety in serious cases. Therefore, it is necessary to refurbish old elevators, which can effectively extend the service life of the elevator and improve its operating efficiency and safety.
United States market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Lift Refurbishment players cover MTR, Stannah Lifts, Nationwide Lift Services, Elevators Ltd, Gartec Lifts, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Lift Refurbishment Industry Forecast” looks at past sales and reviews total world Lift Refurbishment sales in 2024, providing a comprehensive analysis by region and market sector of projected Lift Refurbishment sales for 2025 through 2031. With Lift Refurbishment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lift Refurbishment industry.
This Insight Report provides a comprehensive analysis of the global Lift Refurbishment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Lift Refurbishment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lift Refurbishment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lift Refurbishment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lift Refurbishment.
This report presents a comprehensive overview, market shares, and growth opportunities of Lift Refurbishment market by product type, application, key players and key regions and countries.
Segmentation by Type:
Passenger Lifts
Goods Lifts
Platform Lifts
Others
Segmentation by Application:
Residential Area
business Building
Industrial Zone
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MTR
Stannah Lifts
Nationwide Lift Services
Elevators Ltd
Gartec Lifts
RJ Lift Services Ltd.
KONE Hong Kong
Triple A
Murray Lift Group
Sheridan Lifts
Otis USA
Griffin Elevators
Nordic Lifts
Sussex Lifts Limited
Lift Specialists
Chiltern Lift Company
Liftworks
Eternal Elevators
Ideal Lifts
Please note: The report will take approximately 2 business days to prepare and deliver.
Lift refurbishment refers to the process of fully or partially repairing, updating and upgrading old or damaged elevators to improve their performance, safety and service life. As the elevator is used for a longer time, its electrical system, mechanical parts, hoistway structure and safety devices may gradually age or become damaged, resulting in reduced elevator operating efficiency and increased failure rate, which may even endanger passenger safety in serious cases. Therefore, it is necessary to refurbish old elevators, which can effectively extend the service life of the elevator and improve its operating efficiency and safety.
United States market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Lift Refurbishment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Lift Refurbishment players cover MTR, Stannah Lifts, Nationwide Lift Services, Elevators Ltd, Gartec Lifts, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Lift Refurbishment Industry Forecast” looks at past sales and reviews total world Lift Refurbishment sales in 2024, providing a comprehensive analysis by region and market sector of projected Lift Refurbishment sales for 2025 through 2031. With Lift Refurbishment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lift Refurbishment industry.
This Insight Report provides a comprehensive analysis of the global Lift Refurbishment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Lift Refurbishment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lift Refurbishment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lift Refurbishment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lift Refurbishment.
This report presents a comprehensive overview, market shares, and growth opportunities of Lift Refurbishment market by product type, application, key players and key regions and countries.
Segmentation by Type:
Passenger Lifts
Goods Lifts
Platform Lifts
Others
Segmentation by Application:
Residential Area
business Building
Industrial Zone
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MTR
Stannah Lifts
Nationwide Lift Services
Elevators Ltd
Gartec Lifts
RJ Lift Services Ltd.
KONE Hong Kong
Triple A
Murray Lift Group
Sheridan Lifts
Otis USA
Griffin Elevators
Nordic Lifts
Sussex Lifts Limited
Lift Specialists
Chiltern Lift Company
Liftworks
Eternal Elevators
Ideal Lifts
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
121 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Lift Refurbishment Market Size by Player
- 4 Lift Refurbishment by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Lift Refurbishment Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
