Global Smart Elevators and Escalators Market Growth 2025-2031

Publication ID:

LPI07250801

Publication Date:

July 1, 2025

Pages:

105

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Smart Elevators and Escalators market size is predicted to grow from US$ 6990 million in 2025 to US$ 9028 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.
Smart elevators operate by the user pushing a button setting their destination, and then an indicator directing them to the elevator that will take them there in the shortest amount of time. This is faster and more efficient, reducing costs and potentially, the number, size or speed of elevators required. They can be programmed to adopt different operating modes at different times of the day, and can recognise user by keycards that may include destination and permissions information.
Smart elevators and also smart escalators my also include monitoring technology to help shedule maintenance and repairs.
The leading manufactures mainly are Otis, Kone, ThyssenKrupp, Schindler and Mitsubishi Electric. Otis is the largest manufacturer, its revenue of global market exceeds 33%. The next is Kone and ThyssenKrupp.
Geographically, the global Smart Elevators and Escalators market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and Row. The China held the largest share in the global market, its revenue of global market exceeds 41%. The next is Europe.
The 鈥淪mart Elevators and Escalators Industry Forecast鈥� looks at past sales and reviews total world Smart Elevators and Escalators sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Elevators and Escalators sales for 2025 through 2031. With Smart Elevators and Escalators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Elevators and Escalators industry.
This Insight Report provides a comprehensive analysis of the global Smart Elevators and Escalators 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 Elevators and Escalators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Smart Elevators and Escalators market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Elevators and Escalators 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 Elevators and Escalators.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Elevators and Escalators market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Elevator
Escalator
Segmentation by Application:
Commercial Office
Hotels
Residential
Others
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.
Otis
Kone
ThyssenKrupp
Schindler
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Elevators and Escalators market?
What factors are driving Smart Elevators and Escalators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Elevators and Escalators market opportunities vary by end market size?
How does Smart Elevators and Escalators break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Elevators and Escalators Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Smart Elevators and Escalators by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Smart Elevators and Escalators by Country/Region, 2020, 2024 & 2031
2.2 Smart Elevators and Escalators Segment by Type
2.2.1 Elevator
2.2.2 Escalator
2.3 Smart Elevators and Escalators Sales by Type
2.3.1 Global Smart Elevators and Escalators Sales Market Share by Type (2020-2025)
2.3.2 Global Smart Elevators and Escalators Revenue and Market Share by Type (2020-2025)
2.3.3 Global Smart Elevators and Escalators Sale Price by Type (2020-2025)
2.4 Smart Elevators and Escalators Segment by Application
2.4.1 Commercial Office
2.4.2 Hotels
2.4.3 Residential
2.4.4 Others
2.5 Smart Elevators and Escalators Sales by Application
2.5.1 Global Smart Elevators and Escalators Sale Market Share by Application (2020-2025)
2.5.2 Global Smart Elevators and Escalators Revenue and Market Share by Application (2020-2025)
2.5.3 Global Smart Elevators and Escalators Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Smart Elevators and Escalators Breakdown Data by Company
3.1.1 Global Smart Elevators and Escalators Annual Sales by Company (2020-2025)
3.1.2 Global Smart Elevators and Escalators Sales Market Share by Company (2020-2025)
3.2 Global Smart Elevators and Escalators Annual Revenue by Company (2020-2025)
3.2.1 Global Smart Elevators and Escalators Revenue by Company (2020-2025)
3.2.2 Global Smart Elevators and Escalators Revenue Market Share by Company (2020-2025)
3.3 Global Smart Elevators and Escalators Sale Price by Company
3.4 Key Manufacturers Smart Elevators and Escalators Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Smart Elevators and Escalators Product Location Distribution
3.4.2 Players Smart Elevators and Escalators Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Smart Elevators and Escalators by Geographic Region
4.1 World Historic Smart Elevators and Escalators Market Size by Geographic Region (2020-2025)
4.1.1 Global Smart Elevators and Escalators Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Smart Elevators and Escalators Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Smart Elevators and Escalators Market Size by Country/Region (2020-2025)
4.2.1 Global Smart Elevators and Escalators Annual Sales by Country/Region (2020-2025)
4.2.2 Global Smart Elevators and Escalators Annual Revenue by Country/Region (2020-2025)
4.3 Americas Smart Elevators and Escalators Sales Growth
4.4 APAC Smart Elevators and Escalators Sales Growth
4.5 Europe Smart Elevators and Escalators Sales Growth
4.6 Middle East & Africa Smart Elevators and Escalators Sales Growth
5 Americas
5.1 Americas Smart Elevators and Escalators Sales by Country
5.1.1 Americas Smart Elevators and Escalators Sales by Country (2020-2025)
5.1.2 Americas Smart Elevators and Escalators Revenue by Country (2020-2025)
5.2 Americas Smart Elevators and Escalators Sales by Type (2020-2025)
5.3 Americas Smart Elevators and Escalators Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Smart Elevators and Escalators Sales by Region
6.1.1 APAC Smart Elevators and Escalators Sales by Region (2020-2025)
6.1.2 APAC Smart Elevators and Escalators Revenue by Region (2020-2025)
6.2 APAC Smart Elevators and Escalators Sales by Type (2020-2025)
6.3 APAC Smart Elevators and Escalators Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Smart Elevators and Escalators by Country
7.1.1 Europe Smart Elevators and Escalators Sales by Country (2020-2025)
7.1.2 Europe Smart Elevators and Escalators Revenue by Country (2020-2025)
7.2 Europe Smart Elevators and Escalators Sales by Type (2020-2025)
7.3 Europe Smart Elevators and Escalators Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Smart Elevators and Escalators by Country
8.1.1 Middle East & Africa Smart Elevators and Escalators Sales by Country (2020-2025)
8.1.2 Middle East & Africa Smart Elevators and Escalators Revenue by Country (2020-2025)
8.2 Middle East & Africa Smart Elevators and Escalators Sales by Type (2020-2025)
8.3 Middle East & Africa Smart Elevators and Escalators Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Smart Elevators and Escalators
10.3 Manufacturing Process Analysis of Smart Elevators and Escalators
10.4 Industry Chain Structure of Smart Elevators and Escalators
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Smart Elevators and Escalators Distributors
11.3 Smart Elevators and Escalators Customer
12 World Forecast Review for Smart Elevators and Escalators by Geographic Region
12.1 Global Smart Elevators and Escalators Market Size Forecast by Region
12.1.1 Global Smart Elevators and Escalators Forecast by Region (2026-2031)
12.1.2 Global Smart Elevators and Escalators Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Smart Elevators and Escalators Forecast by Type (2026-2031)
12.7 Global Smart Elevators and Escalators Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Otis
13.1.1 Otis Company Information
13.1.2 Otis Smart Elevators and Escalators Product Portfolios and Specifications
13.1.3 Otis Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Otis Main Business Overview
13.1.5 Otis Latest Developments
13.2 Kone
13.2.1 Kone Company Information
13.2.2 Kone Smart Elevators and Escalators Product Portfolios and Specifications
13.2.3 Kone Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Kone Main Business Overview
13.2.5 Kone Latest Developments
13.3 ThyssenKrupp
13.3.1 ThyssenKrupp Company Information
13.3.2 ThyssenKrupp Smart Elevators and Escalators Product Portfolios and Specifications
13.3.3 ThyssenKrupp Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 ThyssenKrupp Main Business Overview
13.3.5 ThyssenKrupp Latest Developments
13.4 Schindler
13.4.1 Schindler Company Information
13.4.2 Schindler Smart Elevators and Escalators Product Portfolios and Specifications
13.4.3 Schindler Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Schindler Main Business Overview
13.4.5 Schindler Latest Developments
13.5 Mitsubishi Electric
13.5.1 Mitsubishi Electric Company Information
13.5.2 Mitsubishi Electric Smart Elevators and Escalators Product Portfolios and Specifications
13.5.3 Mitsubishi Electric Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Mitsubishi Electric Main Business Overview
13.5.5 Mitsubishi Electric Latest Developments
13.6 Toshiba
13.6.1 Toshiba Company Information
13.6.2 Toshiba Smart Elevators and Escalators Product Portfolios and Specifications
13.6.3 Toshiba Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Toshiba Main Business Overview
13.6.5 Toshiba Latest Developments
13.7 Hitachi
13.7.1 Hitachi Company Information
13.7.2 Hitachi Smart Elevators and Escalators Product Portfolios and Specifications
13.7.3 Hitachi Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Hitachi Main Business Overview
13.7.5 Hitachi Latest Developments
13.8 Fujitec
13.8.1 Fujitec Company Information
13.8.2 Fujitec Smart Elevators and Escalators Product Portfolios and Specifications
13.8.3 Fujitec Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Fujitec Main Business Overview
13.8.5 Fujitec Latest Developments
13.9 Hyundai
13.9.1 Hyundai Company Information
13.9.2 Hyundai Smart Elevators and Escalators Product Portfolios and Specifications
13.9.3 Hyundai Smart Elevators and Escalators Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Hyundai Main Business Overview
13.9.5 Hyundai Latest Developments
14 Research Findings and Conclusion

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