In the revised edition, trends indicate a worth of US$ 13,395.64 million for the smart elevator automation system market in 2024. As these trends gain significance, the sales of smart elevator automation systems garner the potential to target a valuation of US$ 30,009.33 million by 2034. This infers a healthy CAGR of 8.40% from 2024 to 2034.
As per the Smart Elevator Market report, the populated cities consist of tall buildings for offices and residential purposes. These tall buildings cause severe inconvenience due to the long wait time for the lifts. Along with this, the old versions of elevators require high operational costs. The amplifying demand for energy-efficient solutions catalyzes the heightening demand for residential elevators.
Attributes
Details
Market Value for 2024
US$ 13,395.64 million
Market Value for 2034
US$ 30,009.33 million
Market CAGR from 2024 to 2034
8.40%
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Urbanization Is a Key Catalyst of The Smart Elevator Automation System Market
As populations move towards urban areas, high-rise buildings have an amplified requirement to accommodate housing and commercial places. With constrained horizontal areas, buildings expand vertically, compelling the need for smart elevators. The snowballing urban populations led to a surged demand for elevators to manage large volumes of people while minimizing energy usage and cutting down wait times.
Governments and city planners globally are venturing money into smart infrastructure to augment mobility and overall lifestyle. Smart elevators are essential in such schemes by aiding sustainability, eliminating carbon emissions, and reinforcing building connectivity.
Attributes
Details
Market Value for 2019
US$ 9,680.84 million
Market Value for 2023
US$ 12,357.60 million
Market CAGR from 2019 to 2023
6.30%
Comparative View of Adjacent Market
The elevator control panelboard market and the home elevator market have both been studied by Future Market Insights (FMI). The data depict the projected growth of the smart and connected elevator automation system market from 2024 to 2034 with regard to other markets. It showcases the potential for revenue in the additional markets shown below.
Smart Elevator Automation System Market:
Attributes
Smart Elevator Automation System Industry
Value-based CAGR (2024 to 2034)
8.40%
Growth Factor
The strengthening demand for fuel-efficient buildings escalates the adoption of smart elevator automation systems.
Urbanization and tall buildings augment the smart elevator demand.
Market Trend
Surging investment in smart city infrastructure amplifies the sales of smart elevators.
Market Restraint
The absence of skilled professionals inhibits the smart elevator automation system market growth.
Elevator Control Panelboard Market:
Attributes
Elevator Control Panelboard Market
Value-based CAGR (2024 to 2034)
6.10%
Growth Factor
Real-time monitoring and remote diagnostics demand prompt elevator control panelboard market growth.
Market Trend
The stressed concentration on building automation and smart city infrastructure ushers the elevator control panelboard market expansion.
Market Restraint
The refusal to change from conventional control systems curbs the elevator control panelboard market shift.
Home Elevator Market:
Attributes
Home Elevator Market
Value-based CAGR (2024 to 2034)
7.80%
Growth Factor
Personalization and luxury home dynamics spur the demand for home elevator installations.
Market Trend
The expansion of lofty residential buildings comes with an opportunity for home elevator adoption.
Market Restraint
Space constraints in homes are a deterrent for home elevators.
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Category-wise Outlook
The segmented smart elevator automation system market analysis is included in the following subsection. Based on comprehensive studies, the building management system sector is prevailing in the component category. Likewise, the industrial segment governs the end-user category.
Building Management Systems Takes Precedence in the Component Category
Segment
Building Management System
Share (2024)
20.50%
Building management systems enable data-driven governing, that aids in predictive maintenance and is economical. The scalability and versatility of the building management system segment warrant agility to changing business requirements and technical advances, which amplify the demand.
The amalgamation of the ability to build management systems simplifies maintenance supervisors’ monitoring and management tasks surging the adoption. The integrated control presented by building management systems diminishes downtime and promotes resourcefulness.
Savings Customize Smart Elevators for Industrial Infrastructure
Segment
Industrial
Share (2024)
24.30%
Cost-effectiveness is crucial for industrial operations, as smart elevators present long-term savings through enhanced energy use and repair planning. The productivity growth in industrial sectors is boosted by curbing downtime by predictive maintenance proffered by smart elevator technology, intensifying the demand.
The intensified logistics in industrial installation aid smart elevator incorporation, promoting the swift transfer of goods and people, and escalating the adoption. The safety benchmarks in the industrial sector warrant advanced elevator systems with automated monitoring and govern the potentiality.
Country-wise Analysis
The smart elevator automation system market can be observed in the subsequent tables, which focus on the leading economies in Germany, Japan, China, the United States, Australia, and New Zealand. A comprehensive evaluation demonstrates that China has enormous opportunities.
Rapid Urbanization with Smart Solutions Promote China's Cities
Nation
China
CAGR (2024 to 2034)
10.50%
The rapid urbanization and construction boom presented significant opportunities for smart elevator automation systems, particularly in China metropolises like Shanghai and Shenzhen. Emphasizing smart city projects, municipalities in China prioritize the installation of IoT-equipped elevators to augment vertical mobility and building management.
The government is integral in encouraging green building standards, which surges the adoption of renewable smart elevators in China's sustainable urban development projects. The support and stability in the market is an optimistic sign for investors and vendors. The developing middle class of China demands elite facilities in residential and commercial buildings, leading to the adoption of luxurious smart elevator solutions providing intensified comfort and security characteristics.
The United States Emerges as the Land of Opportunity with Strengthening Innovation
Nation
United States
CAGR (2024 to 2034)
8.40%
The influence of Silicon Valley nurtures innovation in smart elevator technology, concentrating on amalgamating AI and IoT proficiency to upgrade vertical transportation in urban areas like New York. The focus on user experience and convenience augments the demand for smart elevator systems integrated with smartphones and custom-built service choices in luxury residential and commercial properties.
Green building certifications like LEED induce the positioning of fuel-efficient smart elevators in ecologically aware cities like Seattle. Issues regarding building security usher the adoption of smart elevator solutions with automated monitoring and emergency response ability in major metropolitan cities in the United States.
Sustainability and Connectivity Upswing Urban Infrastructure in Australia and New Zealand
Country
Australia and New Zealand
CAGR (2024 to 2034)
7.90%
Emphasis on smart infrastructure evolution in Sydney and Melbourne thrust the adoption of IoT-enabled elevator systems in Australia to amplify efficiency and user experience. The demand for smart elevators integrated with remote monitoring aligns with the vast geography of Australia and the demand for operational efficiency and elevator management in remote locations.
New Zealand's dedication to environmentally friendly construction activities stimulates the integration of clean, smart elevators in earth-conscious building projects.
Prospering Vertical Mobility with Innovation and Safety in Japan
Nation
Japan
CAGR (2024 to 2034)
3.90%
The aging population of Japan prompts the smart elevator system demand to fulfill the requirements of elderly and mobility-impaired people. The seismic activity issues strengthen the adoption of smart elevator systems with earthquake detection and evacuation functions in Japanese cities exposed to risks of earthquakes.
Japan has a culture of innovation that sustains the advancement of innovative elevator solutions for upscale user experience and safety, amplifying the smart elevator automation system market growth. The skyscraper-dominated skyline of Tokyo needs advanced elevator technologies to warrant efficacious vertical transportation in densely populated areas.
Smart Elevator Landscape of Germany Trusted by Efficiency and Precision
Nation
Germany
CAGR (2024 to 2034)
2.70%
Germany's focus on precision engineering and authenticity accords with the demand for smart elevator automation systems for residential and commercial buildings. With a sturdy production sector, Germany seeks smart elevator technology as intrinsic to augment industrial profitability and safety benchmarks. Industrialization trends in Berlin and Munich persuade inventive elevator solutions to fit rising populations and high-rise buildings.
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Competitive Analysis
The market is very competitive, with key smart elevator automation system vendors accelerating innovation and shaping the industry. The established smart elevator automation system producers set standards for excellence and accuracy in elevator automation solutions. Honeywell International Inc., Robert Bosch GmbH, and Huawei Technologies Co., Ltd. bring their technological expertise, conducing to the progression of smart elevator systems.
Complementing these groundbreaking smart elevator automation system manufacturers are emerging players like Hyundai Elevator, Sigma Elevator Company, Toshiba Elevator, and Building Systems Corporation, each presenting their diverse market contributions. The competitive outlook contains notable smart elevator automation system vendors like TK Elevators and other smaller firms, which contribute to the market dynamics. As smart elevator automation system manufacturers innovate and broaden their product portfolios, the market is slated for growth and advancements.
Noteworthy Observations
Company
Otis
Headquarter
United States
Recent Advancement
Otis, a leader in the elevator industry, launched Otis ONE which is a connected solution targeting to cut the elevator downtime. Otis ONE employs IoT sensors, big data, and AI, and is accessible for old Otis elevators.
Otis collaborated with Cobalt Robotics, a leading technology vendor, to enhance its automation and smart technologies. Using Cobalt Robotics technology, Otis can remotely call and dispatch its elevators. Cobalt's robots provide safety and security while increasing the speed with which safety issues can be resolved.
Otis launched a digital portal where customers can order a Gen2® Prime elevator online. With the help of this portal, customers tailor their orders and book them from their laptops or mobile.
Company
3 Phase Elevator
Headquarter
United States
Recent Advancement
3 Phase Elevator collaborated with Advanced Elevator, a company that imparts similar services in Washington, D.C., Maryland, and other areas in October 2021.
Company
Schindler Group
Headquarter
Switzerland
Recent Advancement
In August 2022, Schindler Group launched a novel technology in Singapore that allows robotic elevator installation. The revolutionary system, the Robotic Installation System for Elevators, enabled the company to acquire modern automation with elevator technology to fulfill installation steps individually.
Company
Hitachi Elevator Co., Ltd.
Headquarter
China
Recent Advancement
Hitachi Elevator Co., Ltd significantly advanced the industry in March 2022. Hitachi debuted as an integral smart building solution organization in Southeast Asia and Thailand. This milestone exhibits the company's commitment to innovation and reinforces the industry to use the potential of smart technologies.
Key Smart Elevator Automation System Vendors
Fujitec Co., Ltd.
Mitsubishi Electric Corporation
Hitachi Ltd
Kone Corporation
Otis Elevator Company (I). ltd.
ThyssenKrupp AG
Schindler Group
Honeywell International Inc.
Robert Bosch GmbH
Hyundai Elevator
Sigma Elevator Company
Toshiba Elevator and Building Systems Corporation
Huawei Technologies Co., Ltd.
TK Elevators
Others
Key Coverage in Smart Elevator Automation System Market Report
Adjacent Study on Smart Elevator Automation System Market, Elevator Control Panelboard Market, and Home Elevator Market
Influence of Smart Elevator Automation System on the Market in China
Trends in the Smart Elevator Automation System Market in the United States
Categorical Study of Card Reader, Biometric, and Other Components
Emerging Trends in Advanced Elevator Automation Systems in Japan
Competitive Landscape focusing on Otis Elevator Company (I). ltd., Schindler Group, and Other Providers
Key Segments
By Component:
Card Reader
Biometric
Touchscreen and Keypad
Security and Control System
Sensors, Motors, and Automation System
Building Management System
By Service:
Installation Service
Maintenance and Repair
Modernization Service
By End User:
Residential Sector
Commercial Sector
Industrial Sector
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa (MEA)
Frequently Asked Questions
What is the Current Smart and Connected Elevator Automation System Market Valuation?
The smart and connected elevator automation system market to acquire a valuation US$ 13,395.64 million in 2024.
How Big Can the Smart Elevator Automation System Market Be by 2034?
The smart and connected elevator automation system market has the potential to garner a worth of US$ 30,009.33 million by 2034.
What is the Growth Potential of the Smart Elevator Automation System Market?
The smart and connected elevator automation system market infers a robust CAGR of 8.40% through 2034.
What Was the Historical Outlook of The Smart Elevator Automation System Market?
From 2019 to 2023, the smart and connected elevator automation system market accelerated a 6.30% HCAGR.
Which End User Segment to Control in the Smart Elevator Automation System Market?
The industrial sector is scheduled to clutch a share of 24.30% in 2024.
Which Component Segment to Command the Smart Elevator Automation System Market?
The building management system segment is to seize a share of 20.50% in 2024.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034
5.3.1. Card Reader
5.3.2. Biometric
5.3.3. Touchscreen and Keypad
5.3.4. Security and Control System
5.3.5. Sensors, Motors, and Automation System
5.3.6. Building Management System
5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Service, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service, 2024 to 2034
6.3.1. Installation Service
6.3.2. Maintenance and Repair
6.3.3. Modernization Service
6.4. Y-o-Y Growth Trend Analysis By Service, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Service, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End Use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Use, 2024 to 2034
7.3.1. Residential Sector
7.3.2. Commercial Sector
7.3.3. Industrial Sector
7.3.4. Others
7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Service
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Service
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Service
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Service
10.3.4. By End Use
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Component
11.2.3. By Service
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Service
11.3.4. By End Use
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Component
12.2.3. By Service
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Service
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Component
13.2.3. By Service
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Service
13.3.4. By End Use
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Component
14.2.3. By Service
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Service
14.3.4. By End Use
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Component
15.2.3. By Service
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Service
15.3.4. By End Use
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Component
16.1.2.2. By Service
16.1.2.3. By End Use
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Component
16.2.2.2. By Service
16.2.2.3. By End Use
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Component
16.3.2.2. By Service
16.3.2.3. By End Use
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Component
16.4.2.2. By Service
16.4.2.3. By End Use
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Component
16.5.2.2. By Service
16.5.2.3. By End Use
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Component
16.6.2.2. By Service
16.6.2.3. By End Use
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Component
16.7.2.2. By Service
16.7.2.3. By End Use
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Component
16.8.2.2. By Service
16.8.2.3. By End Use
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Component
16.9.2.2. By Service
16.9.2.3. By End Use
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Component
16.10.2.2. By Service
16.10.2.3. By End Use
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Component
16.11.2.2. By Service
16.11.2.3. By End Use
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Component
16.12.2.2. By Service
16.12.2.3. By End Use
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Component
16.13.2.2. By Service
16.13.2.3. By End Use
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Component
16.14.2.2. By Service
16.14.2.3. By End Use
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Component
16.15.2.2. By Service
16.15.2.3. By End Use
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Component
16.16.2.2. By Service
16.16.2.3. By End Use
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Component
16.17.2.2. By Service
16.17.2.3. By End Use
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Component
16.18.2.2. By Service
16.18.2.3. By End Use
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Component
16.19.2.2. By Service
16.19.2.3. By End Use
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Component
16.20.2.2. By Service
16.20.2.3. By End Use
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Component
16.21.2.2. By Service
16.21.2.3. By End Use
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Component
16.22.2.2. By Service
16.22.2.3. By End Use
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Component
16.23.2.2. By Service
16.23.2.3. By End Use
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Component
17.3.3. By Service
17.3.4. By End Use
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Fujitec Co., Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Mitsubishi Electric Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Hitachi Ltd
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Kone Corporation
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Otis Elevator Company Ltd.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. ThyssenKrupp AG
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Schindler Group
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Honeywell International Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Robert Bosch GmbH
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Hyundai Elevator
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. Sigma Elevator Company
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
19. Assumptions & Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Service, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2019 to 2034
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List of Charts
Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Service, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End Use, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 17: Global Market Attractiveness by Component, 2024 to 2034
Figure 18: Global Market Attractiveness by Service, 2024 to 2034
Figure 19: Global Market Attractiveness by End Use, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Component, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Service, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 37: North America Market Attractiveness by Component, 2024 to 2034
Figure 38: North America Market Attractiveness by Service, 2024 to 2034
Figure 39: North America Market Attractiveness by End Use, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Component, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Service, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Component, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Service, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End Use, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Service, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Component, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Service, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End Use, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Service, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Component, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Service, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End Use, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Service, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End Use, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Service, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End Use, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Component, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Service, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Component, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Service, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End Use, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Service, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End Use, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Service, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Service, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Component, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Service, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End Use, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
