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Smart Elevators Global Market Report 2025
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Global Smart Elevators Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Smart Elevators Global Market Report 2025

By Setup (Modernization, Maintenance, New Deployments), By Carriage (Passenger, Freight), By Installation (Low And Mid Rise, High-Rise), By Application (Residential, Commercial, Industrial) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Smart Elevators Market Overview

• Smart Elevators Global Market Report 2025 market size has reached to $16.51 billion in 2024

• Expected to grow to $26.56 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%

• Growth Driver: Impact of Increased Construction of High-Rise Buildings on Smart Elevators Market Growth

• Market Trend: Elevating Innovation Smart Elevators With Eco-Efficient Technology

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Smart Elevators Market?

A smart elevator refers to an elevator system that incorporates advanced technologies to enhance efficiency, safety, and the user experience. Smart elevators are designed to minimize wait times, reduce energy consumption, and optimize the flow of people within a building.

The main setups of smart elevators are modernization, Maintenance, and new deployments. The integration of smart elevator systems in modernization efforts involves the incorporation of advanced technologies to upgrade and optimize vertical transportation within existing structures. The carriage of smart elevators includes passengers and freight through various installations, such as low, mid-rise, and high-rise, and various applications, such as residential, commercial, and Industrial.

Smart Elevators Market Size and growth rate 2025 to 2029: Graph

What Is The Smart Elevators Market Size 2025 And Growth Rate?

The smart elevators market size has grown strongly in recent years. It will grow from $16.51 billion in 2024 to $18.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to urbanization and high-rise construction, energy efficiency concerns, safety and security requirements, IoT integration, elevator traffic management.

What Is The Smart Elevators Market Growth Forecast?

The smart elevators market size is expected to see strong growth in the next few years. It will grow to $26.56 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to smart building ecosystem integration, rise in sustainable building practices, AI and machine learning implementation, touchless and biometric solutions, smart city initiatives. Major trends in the forecast period include remote monitoring and maintenance, technological advancements, biometric and touchless technologies, enhanced user experience and personalization, integration with smart building ecosystems.

The forecast of 10.2% growth over the next five years reflects a slight reduction of 0.2% from the previous projection.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on IoT modules, smart sensors, and energy-efficient motors imported from Europe and Asia, raising installation costs and delaying modernization in commercial buildings.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Transport Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the transport sector, particularly in fleet maintenance and logistics operations. Higher duties on imported commercial vehicles, tires, and engine components have increased operational costs for trucking and freight companies, forcing them to raise shipping rates or reduce margins. Airlines and maritime shippers face similar pressures, with tariffs on aircraft parts and shipbuilding materials driving up capital expenditures. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-made transportation equipment, further straining revenue streams. The sector must now prioritize fuel efficiency, alternative sourcing, and automation to offset rising expenses while maintaining service reliability.

How Is The Smart Elevators Market Segmented?

1) By Setup: Modernization, Maintenance, New Deployments

2) By Carriage: Passenger, Freight

3) By Installation: Low And Mid Rise, High-Rise

4) By Application: Residential, Commercial, Industrial

Subsegments:

1) By Modernization: Retrofit of Existing Elevators, Upgrading Control Systems

2) By Maintenance: Preventive Maintenance, Predictive Maintenance

3) By New Deployments: Residential Smart Elevators, Commercial Smart Elevators, Industrial Smart Elevators

What Is Driving The Smart Elevators Market? Impact of Increased Construction of High-Rise Buildings on Smart Elevators Market Growth

The increased construction of high-rise buildings is expected to propel the growth of the smart elevator market going forward. A high-rise building is a multistorey building tall enough to require the use of a system of mechanical vertical transportation, such as elevators. Smart elevators are useful to high-rise buildings as they provide a means of vertical transportation and smart elevator systems are equipped with advanced technologies that enhance efficiency, safety, and user experience within these buildings. For instance, in 2021, according to the Council on Tall Buildings and Urban Habitat, a US-based international body in the field of tall buildings, the total number of buildings with 200 meters or greater height increased from 1,922 in 2021 to 2,000 building in 2022. Therefore, the increased construction of high-rise buildings is driving the growth of the smart elevator industry.

What Is Driving The Smart Elevators Market? Increased Infrastructure Investments Expected To Drive Growth In Smart Elevators Market

The rising investments in infrastructure development are expected to propel the growth of the smart elevators market. Infrastructure development refers to the process of planning, designing, financing, constructing, and maintaining physical and organizational structures and facilities that are essential for the functioning of a society or economy. Increased investments in infrastructure, commonly associated with urbanization projects and the modernization of existing structures, highlight the integral role of smart elevators in meeting the vertical mobility needs of modern urban spaces and renovated buildings. For instance, in April 2023, according to the World Bank, a US-based international financial institution, private participation in infrastructure (PPI) investments surged to $91.7 billion across 263 projects, reflecting a notable 23% increase compared to 2021. Therefore, rising investments in infrastructure development will drive the growth of the smart elevators industry.

Who Are The Major Players In The Global Smart Elevators Market?

Major companies operating in the smart elevators market report are Hitachi Ltd., International Business Machines Corporation, Thyssenkrupp AG, Mitsubishi Electric, Honeywell International Inc., Johnson Controls Inc., KT Corporation, Otis Elevator Company, Schindler Group, Kone Corporation, Bosch Security and Safety Systems, SICK AG, Hyundai Elevators Co. Ltd., Fujitec Co. Ltd., Sigma Elevator Company, Toshiba Elevator and Building Systems Corporation, Nidec Elevator Group, Guangzhou Robustel Ltd., Brivo Inc., Kisi Inc., Openpath Security, Thames Valley Controls Ltd., Rimrock Corporation, Kintronic Laboratories Inc., Emerald Elevators

What Are The Key Trends Of The Global Smart Elevators Market? Elevating Innovation Smart Elevators With Eco-Efficient Technology

Major companies operating in the smart elevator market are developing innovative technologies, such as in-car multimedia displays, to gain a competitive advantage. In-car multimedia displays in elevators deliver real-time information and entertainment to passengers during their rides. For instance, in May 2023, TK Elevator, a Germany-based urban mobility solutions company, launched EOX. Which is an eco-efficient and digitally enhanced elevator platform, tailored for low- to mid-rise buildings in North America. Designed to align with modern standards, IT combines sustainability with advanced technology. EOX cuts energy usage by up to 45% and reduces embodied carbon by 50% through features like a regenerative drive that recycles energy and an eco-mode that moderates speed during low-traffic periods. It also offers cutting-edge digital functionalities, including in-car multimedia displays for passenger interaction, predictive maintenance with the MAX platform, and enhanced safety features, such as in-car sensors and two-way communication systems.

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What Are Latest Mergers And Acquisitions In The Smart Elevators Market? KONE Corporation Expands Footprint With Orbitz Elevators Acquisition

In May 2024, KONE Corporation., a Finland-based elevator manufacturing company, acquired Orbitz Elevators Pty Ltd. for an undisclosed amount. With this acquisition, KONE aims to expand its service capabilities and deliver enhanced People Flow solutions to customers in Australia and New Zealand. Orbitz Elevators Pty Ltd. is an Australia -based elevator company that specializes in the design, supply, installation, maintenance, and modernization of elevators.

Regional Outlook For The Global Smart Elevators Market

North America was the largest region in the smart elevators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Smart Elevators Market?

The smart elevator market includes revenues earned by entities by providing services including elevator maintenance, elevator modernization, elevator repair and testing, escalator maintenance and repair, and smart elevator technology such as touchless elevator buttons and mobile controls. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The smart elevators market also includes sales of automated delivery systems, destination control systems, touchless elevator systems and energy-efficient elevators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Smart Elevators Industry?

The smart elevators market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the smart elevators industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Smart Elevators Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $18.02 billion
Revenue Forecast In 2034 $26.56 billion
Growth Rate CAGR of 10.2% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Setup: Modernization, Maintenance, New Deployments
2) By Carriage: Passenger, Freight
3) By Installation: Low And Mid Rise, High-Rise
4) By Application: Residential, Commercial, Industrial Subsegments: 1) By Modernization: Retrofit of Existing Elevators, Upgrading Control Systems
2) By Maintenance: Preventive Maintenance, Predictive Maintenance
3) By New Deployments: Residential Smart Elevators, Commercial Smart Elevators, Industrial Smart Elevators
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Hitachi Ltd., International Business Machines Corporation, Thyssenkrupp AG, Mitsubishi Electric, Honeywell International Inc., Johnson Controls Inc., KT Corporation, Otis Elevator Company, Schindler Group, Kone Corporation, Bosch Security and Safety Systems, SICK AG, Hyundai Elevators Co. Ltd., Fujitec Co. Ltd., Sigma Elevator Company, Toshiba Elevator and Building Systems Corporation, Nidec Elevator Group, Guangzhou Robustel Ltd, Brivo Inc., Kisi Inc., Openpath Security, Thames Valley Controls Ltd., Rimrock Corporation, Kintronic Laboratories Inc., Emerald Elevators
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Table Of Contents

1. Executive Summary

2. Smart Elevators Market Characteristics

3. Smart Elevators Market Trends And Strategies

4. Smart Elevators Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Smart Elevators Growth Analysis And Strategic Analysis Framework

5.1. Global Smart Elevators PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Smart Elevators Market Growth Rate Analysis

5.4. Global Smart Elevators Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Smart Elevators Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Smart Elevators Total Addressable Market (TAM)

6. Smart Elevators Market Segmentation

6.1. Global Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Modernization

Maintenance

New Deployments

6.2. Global Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Passenger

Freight

6.3. Global Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low And Mid Rise

High-Rise

6.4. Global Smart Elevators Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential

Commercial

Industrial

6.5. Global Smart Elevators Market, Sub-Segmentation Of Modernization, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Retrofit of Existing Elevators

Upgrading Control Systems

6.6. Global Smart Elevators Market, Sub-Segmentation Of Maintenance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Preventive Maintenance

Predictive Maintenance

6.7. Global Smart Elevators Market, Sub-Segmentation Of New Deployments, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential Smart Elevators

Commercial Smart Elevators

Industrial Smart Elevators

7. Smart Elevators Market Regional And Country Analysis

7.1. Global Smart Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Smart Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Smart Elevators Market

8.1. Asia-Pacific Smart Elevators Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Smart Elevators Market

9.1. China Smart Elevators Market Overview

9.2. China Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Smart Elevators Market

10.1. India Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Smart Elevators Market

11.1. Japan Smart Elevators Market Overview

11.2. Japan Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Smart Elevators Market

12.1. Australia Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Smart Elevators Market

13.1. Indonesia Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Smart Elevators Market

14.1. South Korea Smart Elevators Market Overview

14.2. South Korea Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Smart Elevators Market

15.1. Western Europe Smart Elevators Market Overview

15.2. Western Europe Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Smart Elevators Market

16.1. UK Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Smart Elevators Market

17.1. Germany Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Smart Elevators Market

18.1. France Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Smart Elevators Market

19.1. Italy Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Smart Elevators Market

20.1. Spain Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Smart Elevators Market

21.1. Eastern Europe Smart Elevators Market Overview

21.2. Eastern Europe Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Smart Elevators Market

22.1. Russia Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Smart Elevators Market

23.1. North America Smart Elevators Market Overview

23.2. North America Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Smart Elevators Market

24.1. USA Smart Elevators Market Overview

24.2. USA Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Smart Elevators Market

25.1. Canada Smart Elevators Market Overview

25.2. Canada Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Smart Elevators Market

26.1. South America Smart Elevators Market Overview

26.2. South America Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Smart Elevators Market

27.1. Brazil Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Smart Elevators Market

28.1. Middle East Smart Elevators Market Overview

28.2. Middle East Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Smart Elevators Market

29.1. Africa Smart Elevators Market Overview

29.2. Africa Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Smart Elevators Market Competitive Landscape And Company Profiles

30.1. Smart Elevators Market Competitive Landscape

30.2. Smart Elevators Market Company Profiles

30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. International Business Machines Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Thyssenkrupp AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Mitsubishi Electric Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Honeywell International Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Smart Elevators Market Other Major And Innovative Companies

31.1. Johnson Controls Inc.

31.2. KT Corporation

31.3. Otis Elevator Company

31.4. Schindler Group

31.5. Kone Corporation

31.6. Bosch Security and Safety Systems

31.7. SICK AG

31.8. Hyundai Elevators Co. Ltd.

31.9. Fujitec Co. Ltd.

31.10. Sigma Elevator Company

31.11. Toshiba Elevator and Building Systems Corporation

31.12. Nidec Elevator Group

31.13. Guangzhou Robustel Ltd

31.14. Brivo Inc.

31.15. Kisi Inc.

32. Global Smart Elevators Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Smart Elevators Market

34. Recent Developments In The Smart Elevators Market

35. Smart Elevators Market High Potential Countries, Segments and Strategies

35.1 Smart Elevators Market In 2029 - Countries Offering Most New Opportunities

35.2 Smart Elevators Market In 2029 - Segments Offering Most New Opportunities

35.3 Smart Elevators Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Smart Elevators Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Smart Elevators Market, Sub-Segmentation Of Modernization, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Smart Elevators Market, Sub-Segmentation Of Maintenance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Smart Elevators Market, Sub-Segmentation Of New Deployments, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Smart Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Smart Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Hitachi Ltd. Financial Performance
  • Table 79: International Business Machines Corporation Financial Performance
  • Table 80: Thyssenkrupp AG Financial Performance
  • Table 81: Mitsubishi Electric Financial Performance
  • Table 82: Honeywell International Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Smart Elevators Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Smart Elevators Market, Sub-Segmentation Of Modernization, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Smart Elevators Market, Sub-Segmentation Of Maintenance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Smart Elevators Market, Sub-Segmentation Of New Deployments, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Smart Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Smart Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Smart Elevators Market, Segmentation By Setup, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Smart Elevators Market, Segmentation By Carriage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Smart Elevators Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Hitachi Ltd. Financial Performance
  • Figure 79: International Business Machines Corporation Financial Performance
  • Figure 80: Thyssenkrupp AG Financial Performance
  • Figure 81: Mitsubishi Electric Financial Performance
  • Figure 82: Honeywell International Inc. Financial Performance

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Frequently Asked Questions

A smart elevator refers to an elevator system that incorporates advanced technologies to enhance efficiency, safety, and the user experience. Smart elevators are designed to minimize wait times, reduce energy consumption, and optimize the flow of people within a building. For further insights on this market, request a sample here

The market major growth driver - Impact of Increased Construction of High-Rise Buildings on Smart Elevators Market Growth. For further insights on this market, request a sample here

The smart elevators market size has grown strongly in recent years. It will grow from $16.51 billion in 2024 to $18.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to urbanization and high-rise construction, energy efficiency concerns, safety and security requirements, iot integration, elevator traffic management. The smart elevators market size is expected to see rapid growth in the next few years. It will grow to $26.56 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to smart building ecosystem integration, rise in sustainable building practices, ai and machine learning implementation, touchless and biometric solutions, smart city initiatives. Major trends in the forecast period include remote monitoring and maintenance, technological advancements, biometric and touchless technologies, enhanced user experience and personalization, integration with smart building ecosystems. For further insights on this market, request a sample here

The smart elevatorsmarket covered in this report is segmented –
1) By Setup: Modernization, Maintenance, New Deployments
2) By Carriage: Passenger, Freight
3) By Installation: Low And Mid Rise, High-Rise
4) By Application: Residential, Commercial, Industrial Subsegments:
1) By Modernization: Retrofit of Existing Elevators, Upgrading Control Systems
2) By Maintenance: Preventive Maintenance, Predictive Maintenance
3) By New Deployments: Residential Smart Elevators, Commercial Smart Elevators, Industrial Smart Elevators For further insights on this market, request a sample here

North America was the largest region in the smart elevators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart elevators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the smart elevators market report are Hitachi Ltd., International Business Machines Corporation, Thyssenkrupp AG, Mitsubishi Electric, Honeywell International Inc., Johnson Controls Inc., KT Corporation, Otis Elevator Company, Schindler Group, Kone Corporation, Bosch Security and Safety Systems, SICK AG, Hyundai Elevators Co. Ltd., Fujitec Co. Ltd., Sigma Elevator Company, Toshiba Elevator and Building Systems Corporation, Nidec Elevator Group, Guangzhou Robustel Ltd., Brivo Inc., Kisi Inc., Openpath Security, Thames Valley Controls Ltd., Rimrock Corporation, Kintronic Laboratories Inc., Emerald Elevators. For further insights on this market, request a sample here.

Major trends in this market include Elevating Innovation Smart Elevators With Eco-Efficient Technology. For further insights on this market, request a sample here.

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Global Smart Elevators Market Report 2025

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