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Smart Elevators Market, Global Outlook and Forecast 2023-2029

  • Writer: Siddhi Patil
    Siddhi Patil
  • Sep 12, 2023
  • 3 min read

The global Smart Elevators market was valued at US$ 14190 million in 2022 and is projected to reach US$ 27300 million by 2029, at a CAGR of 9.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


This report aims to provide a comprehensive presentation of the global market for Smart Elevators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Elevators. This report contains market size and forecasts of Smart Elevators in global, including the following market information:

Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology Get FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-smart-elevators-forecast-2023-2029-51


Global Smart Elevators Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Smart Elevators Market Sales, 2018-2023, 2024-2029, (K Units)

Global top five Smart Elevators companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Ac Elevator Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Smart Elevators include ThyssenKrupp AG, Otis Elevator, KONE, Schindler Group, Hitachi, Hyundai Elevator, Toshiba Elevators and Building Systems, Mitsubishi Electric and Motion Control Engineering, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Smart Elevators manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Elevators Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Smart Elevators Market Segment Percentages, by Type, 2022 (%)


  • Ac Elevator

  • Dc Elevator

  • Hydraulic Elevator

  • Other

Global Smart Elevators Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Smart Elevators Market Segment Percentages, by Application, 2022 (%)


  • Passenger Elevator

  • Freight Elevator

  • Sightseeing Elevator

  • Other

Global Smart Elevators Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Smart Elevators Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Smart Elevators revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Smart Elevators revenues share in global market, 2022 (%)

  • Key companies Smart Elevators sales in global market, 2018-2023 (Estimated), (K Units)

  • Key companies Smart Elevators sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:


  • ThyssenKrupp AG

  • Otis Elevator

  • KONE

  • Schindler Group

  • Hitachi

  • Hyundai Elevator

  • Toshiba Elevators and Building Systems

  • Mitsubishi Electric

  • Motion Control Engineering

Outline of Major Chapters:


Chapter 1: Introduces the definition of Smart Elevators, market overview.

Chapter 2: Global Smart Elevators market size in revenue and volume.

Chapter 3: Detailed analysis of Smart Elevators manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Smart Elevators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Smart Elevators capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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