Smart Elevators Market By Setup (New Deployments, Modernization, Maintenance), By Carriage (Passenger, Freight), By Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031

Smart Elevators Market

By combining these technologies, proactive, condition-based analysis, predictive maintenance, real-time data exchange, destination prediction, improved security, and many other features are made possible. A smart lift uses less energy and is easier to operate. While both passenger and freight elevators contain smart characteristics, a smart freight elevator does not include entertainment systems, improved interior design, or other elements that are exclusive to passengers. 

Key factors driving the growth of the smart elevator market include a rise in construction of high-rise buildings, rise in demand for green buildings, and superiority of smart elevators over conventional elevators. Rapid growth in population and increased rate of urbanization are driving the smart elevators market growth. More people need to be accommodated within the limited boundaries of cities due to the increase in population. Thus, builders are focusing on building taller buildings that accommodate a lot of people in a smaller area on the ground. For instance, skyscrapers such as City Tower 1, Ciel Tower, Il Primo Tower 1 are under construction in the UAE. Furthermore, Reliance Industries Limited (RIL), a major building contractor, has planned to build a $75 billion building project in Mumbai. In addition, other countries such as China, Vietnam, countries in the Middle East, and others are also witnessing a significant rise in building construction.  Elevators are an indistinguishable component of any high rise building. They are essential for quick and comfortable transportation of people between different floors of a tall building. Thus, surge in construction of buildings is anticipated to drive the demand for smart elevators in the market. Moreover, over time, buildings and their systems tend to deteriorate; thus, they are renovated with the latest technologies, including the renovation of elevators, as they typically have a lifespan of 20-25 years. Thus, companies such KONE Elevators, Schindler Group, thysunkrup, and others offer modernization services to its end users. 

Advancements in the Internet of Things (IoT), Artificial Intelligence (AI), and advancements in spatial hardware technologies including cameras, and sensors are playing a major role in the growth of the smart elevator market. Moreover, companies that are innovating their offerings help them to remain competitive in the market and also help them grow. For instance, in March 2023, Otis Elevator introduced Gen3TM digitally connected elevator in South Korea. The new offering includes Otis’s proprietary technology ‘Otis ONE technology’, which allows 24/7 real-time monitoring of equipment health and performance. In addition, it includes Otis eViewTM in-car infotainment display, which can connect to the 24/7 OTISLINE® customer support center via video chat in case of an emergency. Moreover, in May 2022, another major player in the smart elevators market KONE Elevators, unveiled the world's largest elevator installed at Jio World Centre (JWC), BKC, Mumbai, India. This elevator is energy efficient and includes various other technologies that make it smart, including intelligent predictive maintenance, touchless Elevator Call API, Service Robot API, Equipment Status API, Service Info API, and many more. Furthermore, in February 2021, TK Elevators, a major player in the smart elevator market launched the ‘AGILE mobile powered by Liftoff’ app, which allows tenants to operate elevators remotely via their smartphone or wearable device. This is a major step toward making elevators touchless; thereby, preventing the spread of viruses, and other diseases. Such advancements in smart elevator technologies are expected to provide lucrative growth opportunities to the key players in the market.    

The smart elevator market is segmented on the basis of setup, carriage, application, and region. By setup, the smart elevator market is divided into new deployment, modernization, and maintenance. By carriage, the market is bifurcated into passenger and freight. By application, the market is categorized into residential, commercial, and industrial. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Competitive analysis and profiles of the major players in the smart elevator are provided in the report. Profiled major players include Hitachi Ltd., KONE Corporation, Otis Worldwide Corporation, Fujitec Co., Ltd., Robert Bosch GmbH, Halma PLC (Avire Trading Limited), Mitsubishi Electric Corporation, thyssenkrupp AG (TK Elevator), Hyundai Elevator Ltd, and Schindler Group. Moreover, these key players adopt various key strategies to remain competitive in the smart elevator market. For instance, in March 2023, TK Elevators installed twenty two TWIN elevator systems at 50 Hudson Yards on Manhattan’s West Side, New York. 

Key Market Insights 

By setup, the modernization segment was the highest revenue contributor to the market and is estimated to reach $25,620.3 million by 2031, with a CAGR of 11.4%.  

By carriage, the passenger segment dominated the global market. However, the freight segment is expected to be the fastest-growing segment with a CAGR of 12.9% during the forecast period. 

Based on application, the commercial segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 10.7% during the forecast period. 

Based on region, North America garnered the largest revenue share in 2021, and the Asia-Pacific region is anticipated to grow at the highest CAGR of 14.3% during the forecast period 

 

Overview

The global smart elevators market size was valued at $18,458.7 million in 2021 and is projected to reach $57,320.3 million by 2031, registering a CAGR of 12.1% from 2022 to 2031. A smart elevator is equipped with advanced technological features such as predictive maintenance, cloud computing, destination prediction, advanced infotainment system, better user interface, and various others. Moreover, IoT and AI are the prominent technologies incorporated in the smart elevator.   

Growth in the building construction sector, driven by rapid growth in the population and urbanization across various parts of the world, is playing a major role in driving the growth of the market. Furthermore, governments across the world are encouraging the construction of highly energy efficient green buildings, which are typically installed with smart elevators, as they do not consume excessive energy.    

Furthermore, due to the COVID-19 the smart elevators market witnessed a halt, which led to a small term decline in the market. However, as the number of COVID-19 cases dropped to almost nil, the market is expected to fully recover by the end of 2023.     

Moreover, advancements in Internet of Things (IoT), Artificial Intelligence (AI), spatial technologies, cameras, and sensors are expected to provide lucrative growth opportunities to the key players in the market. However, high cost of smart elevators is expected to restrain the market growth.   

The smart elevators market is segmented on the basis of setup, carriage, application, and region. By setup, the smart elevators market is divided into new deployment, modernization, and maintenance. By carriage, the market is bifurcated into passenger and freight. By application, the market is categorized into residential, commercial, and industrial. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Competition Analysis 

Competitive analysis and profiles of the major players in the smart elevators market are provided in the report. Profiled major player include, Hitachi Ltd., KONE Corporation, Otis Worldwide Corporation, Fujitec Co., Ltd., Robert Bosch GmbH, Halma PLC (Avire Trading Limited), Mitsubishi Electric Corporation, thyssenkrupp AG (TK Elevator), Hyundai Elevator Ltd, and Schindler Group   

Key Benefits For Stakeholders 

The report provides an extensive analysis of the current and emerging smart elevators market trends and dynamics.   

In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.  

Extensive analysis of the smart elevators market is conducted by following key product positioning and monitoring of the top competitors within the market framework. 

A comprehensive analysis of all regions is provided to determine the prevailing opportunities. 

The global smart elevators market forecast analysis from 2022 to 2031 is included in the report. 

The key market players within the smart elevators market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart elevators industry. 

Key Market Segments

○ Schindler Grou

Scope of Smart Elevators Market Report

1.1. Report description

1.2. Key market segments

1.3. Key benefits to the stakeholders

1.4. Research Methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

2.1. CXO Perspective

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of suppliers

3.3.2. Bargaining power of buyers

3.3.3. Threat of substitutes

3.3.4. Threat of new entrants

3.3.5. Intensity of rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Rise in construction of high-rise buildings

3.4.1.2. Rise in demand for green buildings

3.4.1.3. Superiority of smart elevators

3.4.2. Restraints

3.4.2.1. High cost of smart elevators

3.4.3. Opportunities

3.4.3.1. Technological Advancements

3.5. COVID-19 Impact Analysis on the market

4.1. Overview

4.1.1. Market size and forecast

4.2. New Deployments

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market share analysis by country

4.3. Modernization

4.3.1. Key market trends, growth factors and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market share analysis by country

4.4. Maintenance

4.4.1. Key market trends, growth factors and opportunities

4.4.2. Market size and forecast, by region

4.4.3. Market share analysis by country

5.1. Overview

5.1.1. Market size and forecast

5.2. Passenger

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market share analysis by country

5.3. Freight

5.3.1. Key market trends, growth factors and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market share analysis by country

6.1. Overview

6.1.1. Market size and forecast

6.2. Residential

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by region

6.2.3. Market share analysis by country

6.3. Commercial

6.3.1. Key market trends, growth factors and opportunities

6.3.2. Market size and forecast, by region

6.3.3. Market share analysis by country

6.4. Industrial

6.4.1. Key market trends, growth factors and opportunities

6.4.2. Market size and forecast, by region

6.4.3. Market share analysis by country

7.1. Overview

7.1.1. Market size and forecast By Region

7.2. North America

7.2.1. Key trends and opportunities

7.2.2. Market size and forecast, by Setup

7.2.3. Market size and forecast, by Carriage

7.2.4. Market size and forecast, by Application

7.2.5. Market size and forecast, by country

7.2.5.1. U.S.

7.2.5.1.1. Key market trends, growth factors and opportunities

7.2.5.1.2. Market size and forecast, by Setup

7.2.5.1.3. Market size and forecast, by Carriage

7.2.5.1.4. Market size and forecast, by Application

7.2.5.2. Canada

7.2.5.2.1. Key market trends, growth factors and opportunities

7.2.5.2.2. Market size and forecast, by Setup

7.2.5.2.3. Market size and forecast, by Carriage

7.2.5.2.4. Market size and forecast, by Application

7.2.5.3. Mexico

7.2.5.3.1. Key market trends, growth factors and opportunities

7.2.5.3.2. Market size and forecast, by Setup

7.2.5.3.3. Market size and forecast, by Carriage

7.2.5.3.4. Market size and forecast, by Application

7.3. Europe

7.3.1. Key trends and opportunities

7.3.2. Market size and forecast, by Setup

7.3.3. Market size and forecast, by Carriage

7.3.4. Market size and forecast, by Application

7.3.5. Market size and forecast, by country

7.3.5.1. Germany

7.3.5.1.1. Key market trends, growth factors and opportunities

7.3.5.1.2. Market size and forecast, by Setup

7.3.5.1.3. Market size and forecast, by Carriage

7.3.5.1.4. Market size and forecast, by Application

7.3.5.2. France

7.3.5.2.1. Key market trends, growth factors and opportunities

7.3.5.2.2. Market size and forecast, by Setup

7.3.5.2.3. Market size and forecast, by Carriage

7.3.5.2.4. Market size and forecast, by Application

7.3.5.3. UK

7.3.5.3.1. Key market trends, growth factors and opportunities

7.3.5.3.2. Market size and forecast, by Setup

7.3.5.3.3. Market size and forecast, by Carriage

7.3.5.3.4. Market size and forecast, by Application

7.3.5.4. Italy

7.3.5.4.1. Key market trends, growth factors and opportunities

7.3.5.4.2. Market size and forecast, by Setup

7.3.5.4.3. Market size and forecast, by Carriage

7.3.5.4.4. Market size and forecast, by Application

7.3.5.5. Rest of Europe

7.3.5.5.1. Key market trends, growth factors and opportunities

7.3.5.5.2. Market size and forecast, by Setup

7.3.5.5.3. Market size and forecast, by Carriage

7.3.5.5.4. Market size and forecast, by Application

7.4. Asia-Pacific

7.4.1. Key trends and opportunities

7.4.2. Market size and forecast, by Setup

7.4.3. Market size and forecast, by Carriage

7.4.4. Market size and forecast, by Application

7.4.5. Market size and forecast, by country

7.4.5.1. China

7.4.5.1.1. Key market trends, growth factors and opportunities

7.4.5.1.2. Market size and forecast, by Setup

7.4.5.1.3. Market size and forecast, by Carriage

7.4.5.1.4. Market size and forecast, by Application

7.4.5.2. India

7.4.5.2.1. Key market trends, growth factors and opportunities

7.4.5.2.2. Market size and forecast, by Setup

7.4.5.2.3. Market size and forecast, by Carriage

7.4.5.2.4. Market size and forecast, by Application

7.4.5.3. Japan

7.4.5.3.1. Key market trends, growth factors and opportunities

7.4.5.3.2. Market size and forecast, by Setup

7.4.5.3.3. Market size and forecast, by Carriage

7.4.5.3.4. Market size and forecast, by Application

7.4.5.4. South Korea

7.4.5.4.1. Key market trends, growth factors and opportunities

7.4.5.4.2. Market size and forecast, by Setup

7.4.5.4.3. Market size and forecast, by Carriage

7.4.5.4.4. Market size and forecast, by Application

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.1. Key market trends, growth factors and opportunities

7.4.5.5.2. Market size and forecast, by Setup

7.4.5.5.3. Market size and forecast, by Carriage

7.4.5.5.4. Market size and forecast, by Application

7.5. LAMEA

7.5.1. Key trends and opportunities

7.5.2. Market size and forecast, by Setup

7.5.3. Market size and forecast, by Carriage

7.5.4. Market size and forecast, by Application

7.5.5. Market size and forecast, by country

7.5.5.1. Latin America

7.5.5.1.1. Key market trends, growth factors and opportunities

7.5.5.1.2. Market size and forecast, by Setup

7.5.5.1.3. Market size and forecast, by Carriage

7.5.5.1.4. Market size and forecast, by Application

7.5.5.2. Middle East

7.5.5.2.1. Key market trends, growth factors and opportunities

7.5.5.2.2. Market size and forecast, by Setup

7.5.5.2.3. Market size and forecast, by Carriage

7.5.5.2.4. Market size and forecast, by Application

7.5.5.3. Africa

7.5.5.3.1. Key market trends, growth factors and opportunities

7.5.5.3.2. Market size and forecast, by Setup

7.5.5.3.3. Market size and forecast, by Carriage

7.5.5.3.4. Market size and forecast, by Application

8.1. Introduction

8.2. Top winning strategies

8.3. Product Mapping of Top 10 Player

8.4. Competitive Dashboard

8.5. Competitive Heatmap

8.6. Top player positioning, 2021

9.1. Otis Worldwide Corporation

9.1.1. Company overview

9.1.2. Key Executives

9.1.3. Company snapshot

9.1.4. Operating business segments

9.1.5. Product portfolio

9.1.6. Business performance

9.1.7. Key strategic moves and developments

9.2. Hyundai Elevator Ltd

9.2.1. Company overview

9.2.2. Key Executives

9.2.3. Company snapshot

9.2.4. Operating business segments

9.2.5. Product portfolio

9.2.6. Business performance

9.3. Mitsubishi Electric Corporation

9.3.1. Company overview

9.3.2. Key Executives

9.3.3. Company snapshot

9.3.4. Operating business segments

9.3.5. Product portfolio

9.3.6. Business performance

9.4. KONE Corporation

9.4.1. Company overview

9.4.2. Key Executives

9.4.3. Company snapshot

9.4.4. Operating business segments

9.4.5. Product portfolio

9.4.6. Business performance

9.4.7. Key strategic moves and developments

9.5. thyssenkrupp AG (TK Elevator)

9.5.1. Company overview

9.5.2. Key Executives

9.5.3. Company snapshot

9.5.4. Operating business segments

9.5.5. Product portfolio

9.5.6. Business performance

9.5.7. Key strategic moves and developments

9.6. Fujitec Co., Ltd.

9.6.1. Company overview

9.6.2. Key Executives

9.6.3. Company snapshot

9.6.4. Operating business segments

9.6.5. Product portfolio

9.6.6. Business performance

9.7. Hitachi Ltd.

9.7.1. Company overview

9.7.2. Key Executives

9.7.3. Company snapshot

9.7.4. Operating business segments

9.7.5. Product portfolio

9.7.6. Business performance

9.8. Schindler Group

9.8.1. Company overview

9.8.2. Key Executives

9.8.3. Company snapshot

9.8.4. Operating business segments

9.8.5. Product portfolio

9.8.6. Business performance

9.9. Halma PLC(Avire Trading Limited)

9.9.1. Company overview

9.9.2. Key Executives

9.9.3. Company snapshot

9.9.4. Operating business segments

9.9.5. Product portfolio

9.9.6. Business performance

9.10. Robert Bosch GmbH

9.10.1. Company overview

9.10.2. Key Executives

9.10.3. Company snapshot

9.10.4. Operating business segments

9.10.5. Product portfolio

9.10.6. Business performanc

LIST OF TABLES

TABLE 01. GLOBAL SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 02. SMART ELEVATORS MARKET FOR NEW DEPLOYMENTS, BY REGION, 2021-2031 ($MILLION)

TABLE 03. SMART ELEVATORS MARKET FOR MODERNIZATION, BY REGION, 2021-2031 ($MILLION)

TABLE 04. SMART ELEVATORS MARKET FOR MAINTENANCE, BY REGION, 2021-2031 ($MILLION)

TABLE 05. GLOBAL SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 06. SMART ELEVATORS MARKET FOR PASSENGER, BY REGION, 2021-2031 ($MILLION)

TABLE 07. SMART ELEVATORS MARKET FOR FREIGHT, BY REGION, 2021-2031 ($MILLION)

TABLE 08. GLOBAL SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 09. SMART ELEVATORS MARKET FOR RESIDENTIAL, BY REGION, 2021-2031 ($MILLION)

TABLE 10. SMART ELEVATORS MARKET FOR COMMERCIAL, BY REGION, 2021-2031 ($MILLION)

TABLE 11. SMART ELEVATORS MARKET FOR INDUSTRIAL, BY REGION, 2021-2031 ($MILLION)

TABLE 12. SMART ELEVATORS MARKET, BY REGION, 2021-2031 ($MILLION)

TABLE 13. NORTH AMERICA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 14. NORTH AMERICA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 15. NORTH AMERICA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 16. NORTH AMERICA SMART ELEVATORS MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 17. U.S. SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 18. U.S. SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 19. U.S. SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 20. CANADA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 21. CANADA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 22. CANADA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 23. MEXICO SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 24. MEXICO SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 25. MEXICO SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 26. EUROPE SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 27. EUROPE SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 28. EUROPE SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 29. EUROPE SMART ELEVATORS MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 30. GERMANY SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 31. GERMANY SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 32. GERMANY SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 33. FRANCE SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 34. FRANCE SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 35. FRANCE SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 36. UK SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 37. UK SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 38. UK SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 39. ITALY SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 40. ITALY SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 41. ITALY SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 42. REST OF EUROPE SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 43. REST OF EUROPE SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 44. REST OF EUROPE SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 45. ASIA-PACIFIC SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 46. ASIA-PACIFIC SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 47. ASIA-PACIFIC SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 48. ASIA-PACIFIC SMART ELEVATORS MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 49. CHINA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 50. CHINA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 51. CHINA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 52. INDIA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 53. INDIA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 54. INDIA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 55. JAPAN SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 56. JAPAN SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 57. JAPAN SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 58. SOUTH KOREA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 59. SOUTH KOREA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 60. SOUTH KOREA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 61. REST OF ASIA-PACIFIC SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 62. REST OF ASIA-PACIFIC SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 63. REST OF ASIA-PACIFIC SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 64. LAMEA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 65. LAMEA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 66. LAMEA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 67. LAMEA SMART ELEVATORS MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 68. LATIN AMERICA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 69. LATIN AMERICA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 70. LATIN AMERICA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 71. MIDDLE EAST SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 72. MIDDLE EAST SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 73. MIDDLE EAST SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 74. AFRICA SMART ELEVATORS MARKET, BY SETUP, 2021-2031 ($MILLION)

TABLE 75. AFRICA SMART ELEVATORS MARKET, BY CARRIAGE, 2021-2031 ($MILLION)

TABLE 76. AFRICA SMART ELEVATORS MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 77. OTIS WORLDWIDE CORPORATION: KEY EXECUTIVES

TABLE 78. OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT

TABLE 79. OTIS WORLDWIDE CORPORATION: PRODUCT SEGMENTS

TABLE 80. OTIS WORLDWIDE CORPORATION: SERVICE SEGMENTS

TABLE 81. OTIS WORLDWIDE CORPORATION: PRODUCT PORTFOLIO

TABLE 82. OTIS WORLDWIDE CORPORATION: KEY STRATERGIES

TABLE 83. HYUNDAI ELEVATOR LTD: KEY EXECUTIVES

TABLE 84. HYUNDAI ELEVATOR LTD: COMPANY SNAPSHOT

TABLE 85. HYUNDAI ELEVATOR LTD: PRODUCT SEGMENTS

TABLE 86. HYUNDAI ELEVATOR LTD: PRODUCT PORTFOLIO

TABLE 87. MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES

TABLE 88. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT

TABLE 89. MITSUBISHI ELECTRIC CORPORATION: PRODUCT SEGMENTS

TABLE 90. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO

TABLE 91. KONE CORPORATION: KEY EXECUTIVES

TABLE 92. KONE CORPORATION: COMPANY SNAPSHOT

TABLE 93. KONE CORPORATION: PRODUCT SEGMENTS

TABLE 94. KONE CORPORATION: SERVICE SEGMENTS

TABLE 95. KONE CORPORATION: PRODUCT PORTFOLIO

TABLE 96. KONE CORPORATION: KEY STRATERGIES

TABLE 97. THYSSENKRUPP AG (TK ELEVATOR): KEY EXECUTIVES

TABLE 98. THYSSENKRUPP AG (TK ELEVATOR): COMPANY SNAPSHOT

TABLE 99. THYSSENKRUPP AG (TK ELEVATOR): SERVICE SEGMENTS

TABLE 100. THYSSENKRUPP AG (TK ELEVATOR): PRODUCT PORTFOLIO

TABLE 101. THYSSENKRUPP AG (TK ELEVATOR): KEY STRATERGIES

TABLE 102. FUJITEC CO., LTD.: KEY EXECUTIVES

TABLE 103. FUJITEC CO., LTD.: COMPANY SNAPSHOT

TABLE 104. FUJITEC CO., LTD.: PRODUCT SEGMENTS

TABLE 105. FUJITEC CO., LTD.: PRODUCT PORTFOLIO

TABLE 106. HITACHI LTD.: KEY EXECUTIVES

TABLE 107. HITACHI LTD.: COMPANY SNAPSHOT

TABLE 108. HITACHI LTD.: SERVICE SEGMENTS

TABLE 109. HITACHI LTD.: PRODUCT PORTFOLIO

TABLE 110. SCHINDLER GROUP: KEY EXECUTIVES

TABLE 111. SCHINDLER GROUP: COMPANY SNAPSHOT

TABLE 112. SCHINDLER GROUP: PRODUCT SEGMENTS

TABLE 113. SCHINDLER GROUP: PRODUCT PORTFOLIO

TABLE 114. HALMA PLC(AVIRE TRADING LIMITED): KEY EXECUTIVES

TABLE 115. HALMA PLC(AVIRE TRADING LIMITED): COMPANY SNAPSHOT

TABLE 116. HALMA PLC(AVIRE TRADING LIMITED): PRODUCT SEGMENTS

TABLE 117. HALMA PLC(AVIRE TRADING LIMITED): PRODUCT PORTFOLIO

TABLE 118. ROBERT BOSCH GMBH: KEY EXECUTIVES

TABLE 119. ROBERT BOSCH GMBH: COMPANY SNAPSHOT

TABLE 120. ROBERT BOSCH GMBH: PRODUCT SEGMENTS

TABLE 121. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO LIST OF FIGURES

FIGURE 01. SMART ELEVATORS MARKET, 2021-2031

FIGURE 02. SEGMENTATION OF SMART ELEVATORS MARKET, 2021-2031

FIGURE 03. TOP INVESTMENT POCKETS IN SMART ELEVATORS MARKET (2022-2031)

FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS

FIGURE 05. LOW BARGAINING POWER OF BUYERS

FIGURE 06. LOW THREAT OF SUBSTITUTES

FIGURE 07. LOW THREAT OF NEW ENTRANTS

FIGURE 08. LOW INTENSITY OF RIVALRY

FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALSMART ELEVATORS MARKET

FIGURE 10. SMART ELEVATORS MARKET, BY SETUP, 2021(%)

FIGURE 11. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR NEW DEPLOYMENTS, BY COUNTRY 2021 AND 2031(%)

FIGURE 12. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR MODERNIZATION, BY COUNTRY 2021 AND 2031(%)

FIGURE 13. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR MAINTENANCE, BY COUNTRY 2021 AND 2031(%)

FIGURE 14. SMART ELEVATORS MARKET, BY CARRIAGE, 2021(%)

FIGURE 15. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR PASSENGER, BY COUNTRY 2021 AND 2031(%)

FIGURE 16. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR FREIGHT, BY COUNTRY 2021 AND 2031(%)

FIGURE 17. SMART ELEVATORS MARKET, BY APPLICATION, 2021(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR RESIDENTIAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR COMMERCIAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 20. COMPARATIVE SHARE ANALYSIS OF SMART ELEVATORS MARKET FOR INDUSTRIAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 21. SMART ELEVATORS MARKET BY REGION, 2021

FIGURE 22. U.S. SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 23. CANADA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 24. MEXICO SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 25. GERMANY SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 26. FRANCE SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 27. UK SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 28. ITALY SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 29. REST OF EUROPE SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 30. CHINA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 31. INDIA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 32. JAPAN SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 33. SOUTH KOREA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 34. REST OF ASIA-PACIFIC SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 35. LATIN AMERICA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 36. MIDDLE EAST SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 37. AFRICA SMART ELEVATORS MARKET, 2021-2031 ($MILLION)

FIGURE 38. TOP WINNING STRATEGIES, BY YEAR

FIGURE 39. TOP WINNING STRATEGIES, BY DEVELOPMENT

FIGURE 40. TOP WINNING STRATEGIES, BY COMPANY

FIGURE 41. PRODUCT MAPPING OF TOP 10 PLAYERS

FIGURE 42. COMPETITIVE DASHBOARD

FIGURE 43. COMPETITIVE HEATMAP: SMART ELEVATORS MARKET

FIGURE 44. TOP PLAYER POSITIONING, 2021

FIGURE 45. OTIS WORLDWIDE CORPORATION: NET SALES, 2020-2022 ($MILLION)

FIGURE 46. OTIS WORLDWIDE CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 47. OTIS WORLDWIDE CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 48. OTIS WORLDWIDE CORPORATION: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 49. HYUNDAI ELEVATOR LTD: NET SALES, 2019-2021 ($MILLION)

FIGURE 50. HYUNDAI ELEVATOR LTD: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)

FIGURE 51. MITSUBISHI ELECTRIC CORPORATION: NET SALES, 2020-2022 ($MILLION)

FIGURE 52. MITSUBISHI ELECTRIC CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 53. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 54. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 55. KONE CORPORATION: NET SALES, 2020-2022 ($MILLION)

FIGURE 56. KONE CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 57. KONE CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 58. KONE CORPORATION: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 59. THYSSENKRUPP AG (TK ELEVATOR): NET SALES, 2020-2022 ($MILLION)

FIGURE 60. THYSSENKRUPP AG (TK ELEVATOR): RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 61. THYSSENKRUPP AG (TK ELEVATOR): REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 62. THYSSENKRUPP AG (TK ELEVATOR): REVENUE SHARE BY REGION, 2022 (%)

FIGURE 63. FUJITEC CO., LTD.: NET SALES, 2020-2022 ($MILLION)

FIGURE 64. FUJITEC CO., LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 65. FUJITEC CO., LTD.: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 66. HITACHI LTD.: NET REVENUE, 2019-2021 ($MILLION)

FIGURE 67. HITACHI LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021

FIGURE 68. HITACHI LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 69. SCHINDLER GROUP: NET SALES, 2020-2022 ($MILLION)

FIGURE 70. SCHINDLER GROUP: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 71. SCHINDLER GROUP: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 72. HALMA PLC(AVIRE TRADING LIMITED): NET SALES, 2020-2022 ($MILLION)

FIGURE 73. HALMA PLC(AVIRE TRADING LIMITED): REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 74. HALMA PLC(AVIRE TRADING LIMITED): REVENUE SHARE BY REGION, 2022 (%)

FIGURE 75. ROBERT BOSCH GMBH.: NET SALES, 2020-2022 ($MILLION)

FIGURE 76. ROBERT BOSCH GMBH.: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 77. ROBERT BOSCH GMBH.: REVENUE SHARE BY SEGMENT, 2021 (%