The global smart elevator market size is calculated at USD 11.61 billion in 2024, grew to USD 12.45 billion in 2025 and is projected to hit around USD 23.32 billion by 2034. The market is expanding at a solid CAGR of 7.22% between 2024 and 2034. The Asia Pacific smart elevator market size is evaluated at USD 5.11 billion in 2024 and is expected to grow at a fastest CAGR of 7.32% during the forecast year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Smart Elevator Industry Impact
5.2. COVID-19 Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Smart Elevator Market Revenue and Volume, By Component, 2024-2034
8.1.1 Control System
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Maintenance System
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Communication System
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2021-2034)
9.1. Smart Elevator Market Revenue and Volume, By Application, 2024-2034
9.1.1. Residential
9.1.1.1. Market Revenue and Volume Forecast (2021-2034)
9.1.2. Construction & Building Services
9.1.2.1. Market Revenue and Volume Forecast (2021-2034)
9.1.3. Commercial
9.1.3.1. Market Revenue and Volume Forecast (2021-2034)
9.1.4. Institutional
9.1.4.1. Market Revenue and Volume Forecast (2021-2034)
9.1.5. Industrial
9.1.5.1. Market Revenue and Volume Forecast (2021-2034)
10.1. North America
10.1.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.1.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.1.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.1.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.2.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.2.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.2.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.2.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.2.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.3.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.3.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.3.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.3.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.4.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.4.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.4.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.4.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.5.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, By Component (2021-2034)
10.5.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)
11.1. Bosch Security Systems, LLC.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Fujitec Co., Ltd.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Hitachi, Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Hyundaielevator Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. KONE Corporation Finland
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Mitsubishi Electric Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Otis Worldwide Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Schneider Electric
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. TK Elevator
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Schindler
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
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