USD 93 billion in 2018. USD 110 billion in 2025. USD 133 billion projected by 2030. The global elevator market is growing - but the composition of that growth is shifting substantially.
Key insights from our Elevator Market Outlook 2030:
📉 New Equipment declining: From 50% of market value in 2018 to just 28% by 2030
🔧 Maintenance as backbone: Holds its position, anchored by a growing global installed base
🏗️ Modernization as structural winner: From 12% share in 2018 to a projected 16% by 2030
🌍 Aging infrastructure: Fleet renewal is accelerating across every major market
Which implications are we seeing?
🔄 Value creation is shifting decisively toward service and modernization segments
🏢 Companies must rebalance portfolios away from new equipment dependency
📈 Installed base growth creates long-term recurring revenue opportunities
🎯 Transformation strategies must align with where the market is headed through 2030
For companies focused on Transformation & Corporate Performance, understanding this shift is essential to capturing value in the next decade.
👉 Explore the full outlook: https://lnkd.in/e9ri_7RW
#RolandBerger #ElevatorMarket #Modernization #Infrastructure #Transformation
Ralph Mair | Gareth Hayes | Christopher Hoyes | Sven Siepen | Masayuki Igarashi | Masato Someya