Analytics, Research & Consulting U.S. Elevators Modernization & Maintenance Market | Page 3

Selected / Sample Analysis done in the full Report: •Big players in the elevator industry are launching new solutions for modernization and acquiring smaller companies such as component manufacturers and service providers to expand their market and to develop innovative technology. These companies have acquired many companies and partnerships to expand their market and for developing new technologies and to survive in major markets. Key acquisitions and partnerships include takeover of Capita Elevator services, Klostermann Aufzuge GmbH, Eagle Elevator Corporation and other companies by Kone, Chinese elevator and escalator by Schindler, Joint venture agreement by Mitsubishi Electric Corporation with Ascon holdings LLC to strengthen themselves in maintenance and modernization services and end user segments such as hospitals, universities and others. •The elevator modernization market is highly segmented with small companies and established companies fighting to gain market position. U.S. elevator modernization market is expanding in residential buildings and commercial buildings. Contact : [email protected]