Global Smart and Connected Elevators Market Growth 2025-2031
Description
The global Smart and Connected Elevators market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Smart and connected elevators are mainly used in buildings such as hotels, residences, arenas, offices and airports, hospitals, sports facilities, and others. it can minimize overall energy consumption and manage passenger traffic efficiently within a residential and commercial building. The deployment of automation to the elevator systems can reduce the wait time and increases efficient management of the traffic in buildings.
According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
LP Information, Inc. (LPI) ' newest research report, the “Smart and Connected Elevators Industry Forecast” looks at past sales and reviews total world Smart and Connected Elevators sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart and Connected Elevators sales for 2025 through 2031. With Smart and Connected Elevators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart and Connected Elevators industry.
This Insight Report provides a comprehensive analysis of the global Smart and Connected Elevators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart and Connected Elevators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart and Connected Elevators market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart and Connected Elevators and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart and Connected Elevators.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart and Connected Elevators market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Card Reader
Biometric
Touchscreen & Keypad
Security & Control System
Sensor, Motor & Automation System
Building Management System
Segmentation by Application:
Residential
Commercial
Institutional
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Thyssenkrupp
OTIS Elevator Company
Kone Corporation
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems Corporation
Mitsubishi Electric Corporation
Fujitec
Motion Control Engineering
Dewhurst
Eito&Global
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart and Connected Elevators market?
What factors are driving Smart and Connected Elevators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart and Connected Elevators market opportunities vary by end market size?
How does Smart and Connected Elevators break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Smart and connected elevators are mainly used in buildings such as hotels, residences, arenas, offices and airports, hospitals, sports facilities, and others. it can minimize overall energy consumption and manage passenger traffic efficiently within a residential and commercial building. The deployment of automation to the elevator systems can reduce the wait time and increases efficient management of the traffic in buildings.
According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
LP Information, Inc. (LPI) ' newest research report, the “Smart and Connected Elevators Industry Forecast” looks at past sales and reviews total world Smart and Connected Elevators sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart and Connected Elevators sales for 2025 through 2031. With Smart and Connected Elevators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart and Connected Elevators industry.
This Insight Report provides a comprehensive analysis of the global Smart and Connected Elevators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart and Connected Elevators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart and Connected Elevators market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart and Connected Elevators and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart and Connected Elevators.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart and Connected Elevators market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Card Reader
Biometric
Touchscreen & Keypad
Security & Control System
Sensor, Motor & Automation System
Building Management System
Segmentation by Application:
Residential
Commercial
Institutional
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Thyssenkrupp
OTIS Elevator Company
Kone Corporation
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems Corporation
Mitsubishi Electric Corporation
Fujitec
Motion Control Engineering
Dewhurst
Eito&Global
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart and Connected Elevators market?
What factors are driving Smart and Connected Elevators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart and Connected Elevators market opportunities vary by end market size?
How does Smart and Connected Elevators break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
120 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Smart and Connected Elevators by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Smart and Connected Elevators by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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