Market analysis and expansion strategy for elevator services: A comprehensive assessment of prospective markets and segments, including M&A opportunities with local elevator service providers.

The project provided our client with valuable insights into prospective markets and segments, allowing them to identify potential opportunities for expansion, both organic and inorganic.


  • A comprehensive understanding of the elevator market, including the installed base, market volume, and segmentation by country and regional levels.
  • Growth drivers and barriers in the elevator industry, allowing the client to identify key market trends and anticipate future developments.
  • Assessment of the market potential and accessibility on both country and regional levels, providing the client with valuable information on attractive markets and growth opportunities.
  • Recommendations for potential merger and acquisition (M&A) targets in specific locations of interest.


  • Installed base of elevators, including segmentation by country, region, age structure, load bearing, and drive types.
  • Market volume analysis, historical data, and forecasts for the elevator industry.
  • Detailed assessment of the market for new installations and replacements, including modernization and full replacement potential.
  • In-depth analysis of the elevator maintenance and replacement market, including market structure, growth drivers, and barriers.
  • Competitive landscape overview of the new installations, maintenance, and replacement markets.
  • Examine the regulatory framework and key regulations impacting the elevator industry, including anticipated changes.
  • Mapping and evaluating the customer decision-making process, from need recognition to purchasing, including rating of choice factors, decision-makers, stakeholders, and supplier selection criteria.
  • Evaluation of market potential and accessibility on a country and regional level.
  • Identification of key market trends and outlook.


  • Western Europe
  • Central & Eastern Europe
  • Middle East
  • Africa
  • North America
  • South America
  • Other
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