Global IoT in Elevators Market Research Report 2024

IoT in Elevators Market

IoT-enabled elevators utilize artificial intelligence for enabling transportation of passengers and commodities vertically.

According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.

This report aims to provide a comprehensive presentation of the global market for IoT in 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 IoT in Elevators.

Report Scope

The IoT in Elevators market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IoT in Elevators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the IoT in Elevators companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

ThyssenKrupp AG

KONE Corporation

Otis Elevator Company

Schindler Group

Mitsubishi Electric Corporation

Toshiba Elevator

Hardware

Software

Services

Residential

Commercial

Industrial

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic Countries

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Scope of IoT in Elevators Market Report

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of IoT in Elevators companies’ competitive landscape, 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.

Chapter 11: 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 12: The main points and conclusions of the report.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global IoT in Elevators Market Size Growth Rate by Type: 2019 VS 2023 VS 2030

1.2.2 Hardware

1.2.3 Software

1.2.4 Services

1.3 Market by Application

1.3.1 Global IoT in Elevators Market Growth by Application: 2019 VS 2023 VS 2030

1.3.2 Residential

1.3.3 Commercial

1.3.4 Industrial

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global IoT in Elevators Market Perspective (2019-2030)

2.2 IoT in Elevators Growth Trends by Region

2.2.1 Global IoT in Elevators Market Size by Region: 2019 VS 2023 VS 2030

2.2.2 IoT in Elevators Historic Market Size by Region (2019-2024)

2.2.3 IoT in Elevators Forecasted Market Size by Region (2025-2030)

2.3 IoT in Elevators Market Dynamics

2.3.1 IoT in Elevators Industry Trends

2.3.2 IoT in Elevators Market Drivers

2.3.3 IoT in Elevators Market Challenges

2.3.4 IoT in Elevators Market Restraints

3.1 Global Top IoT in Elevators Players by Revenue

3.1.1 Global Top IoT in Elevators Players by Revenue (2019-2024)

3.1.2 Global IoT in Elevators Revenue Market Share by Players (2019-2024)

3.2 Global IoT in Elevators Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by IoT in Elevators Revenue

3.4 Global IoT in Elevators Market Concentration Ratio

3.4.1 Global IoT in Elevators Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by IoT in Elevators Revenue in 2023

3.5 IoT in Elevators Key Players Head office and Area Served

3.6 Key Players IoT in Elevators Product Solution and Service

3.7 Date of Enter into IoT in Elevators Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global IoT in Elevators Historic Market Size by Type (2019-2024)

4.2 Global IoT in Elevators Forecasted Market Size by Type (2025-2030)

5.1 Global IoT in Elevators Historic Market Size by Application (2019-2024)

5.2 Global IoT in Elevators Forecasted Market Size by Application (2025-2030)

6.1 North America IoT in Elevators Market Size (2019-2030)

6.2 North America IoT in Elevators Market Growth Rate by Country: 2019 VS 2023 VS 2030

6.3 North America IoT in Elevators Market Size by Country (2019-2024)

6.4 North America IoT in Elevators Market Size by Country (2025-2030)

6.5 United States

6.6 Canada

7.1 Europe IoT in Elevators Market Size (2019-2030)

7.2 Europe IoT in Elevators Market Growth Rate by Country: 2019 VS 2023 VS 2030

7.3 Europe IoT in Elevators Market Size by Country (2019-2024)

7.4 Europe IoT in Elevators Market Size by Country (2025-2030)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific IoT in Elevators Market Size (2019-2030)

8.2 Asia-Pacific IoT in Elevators Market Growth Rate by Region: 2019 VS 2023 VS 2030

8.3 Asia-Pacific IoT in Elevators Market Size by Region (2019-2024)

8.4 Asia-Pacific IoT in Elevators Market Size by Region (2025-2030)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America IoT in Elevators Market Size (2019-2030)

9.2 Latin America IoT in Elevators Market Growth Rate by Country: 2019 VS 2023 VS 2030

9.3 Latin America IoT in Elevators Market Size by Country (2019-2024)

9.4 Latin America IoT in Elevators Market Size by Country (2025-2030)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa IoT in Elevators Market Size (2019-2030)

10.2 Middle East & Africa IoT in Elevators Market Growth Rate by Country: 2019 VS 2023 VS 2030

10.3 Middle East & Africa IoT in Elevators Market Size by Country (2019-2024)

10.4 Middle East & Africa IoT in Elevators Market Size by Country (2025-2030)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 ThyssenKrupp AG

11.1.1 ThyssenKrupp AG Company Detail

11.1.2 ThyssenKrupp AG Business Overview

11.1.3 ThyssenKrupp AG IoT in Elevators Introduction

11.1.4 ThyssenKrupp AG Revenue in IoT in Elevators Business (2019-2024)

11.1.5 ThyssenKrupp AG Recent Development

11.2 KONE Corporation

11.2.1 KONE Corporation Company Detail

11.2.2 KONE Corporation Business Overview

11.2.3 KONE Corporation IoT in Elevators Introduction

11.2.4 KONE Corporation Revenue in IoT in Elevators Business (2019-2024)

11.2.5 KONE Corporation Recent Development

11.3 Otis Elevator Company

11.3.1 Otis Elevator Company Company Detail

11.3.2 Otis Elevator Company Business Overview

11.3.3 Otis Elevator Company IoT in Elevators Introduction

11.3.4 Otis Elevator Company Revenue in IoT in Elevators Business (2019-2024)

11.3.5 Otis Elevator Company Recent Development

11.4 Schindler Group

11.4.1 Schindler Group Company Detail

11.4.2 Schindler Group Business Overview

11.4.3 Schindler Group IoT in Elevators Introduction

11.4.4 Schindler Group Revenue in IoT in Elevators Business (2019-2024)

11.4.5 Schindler Group Recent Development

11.5 Mitsubishi Electric Corporation

11.5.1 Mitsubishi Electric Corporation Company Detail

11.5.2 Mitsubishi Electric Corporation Business Overview

11.5.3 Mitsubishi Electric Corporation IoT in Elevators Introduction

11.5.4 Mitsubishi Electric Corporation Revenue in IoT in Elevators Business (2019-2024)

11.5.5 Mitsubishi Electric Corporation Recent Development

11.6 Toshiba Elevator

11.6.1 Toshiba Elevator Company Detail

11.6.2 Toshiba Elevator Business Overview

11.6.3 Toshiba Elevator IoT in Elevators Introduction

11.6.4 Toshiba Elevator Revenue in IoT in Elevators Business (2019-2024)

11.6.5 Toshiba Elevator Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global IoT in Elevators Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030

    Table 2. Key Players of Hardware

    Table 3. Key Players of Software

    Table 4. Key Players of Services

    Table 5. Global IoT in Elevators Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030

    Table 6. Global IoT in Elevators Market Size by Region (US$ Million): 2019 VS 2023 VS 2030

    Table 7. Global IoT in Elevators Market Size by Region (2019-2024) & (US$ Million)

    Table 8. Global IoT in Elevators Market Share by Region (2019-2024)

    Table 9. Global IoT in Elevators Forecasted Market Size by Region (2025-2030) & (US$ Million)

    Table 10. Global IoT in Elevators Market Share by Region (2025-2030)

    Table 11. IoT in Elevators Market Trends

    Table 12. IoT in Elevators Market Drivers

    Table 13. IoT in Elevators Market Challenges

    Table 14. IoT in Elevators Market Restraints

    Table 15. Global IoT in Elevators Revenue by Players (2019-2024) & (US$ Million)

    Table 16. Global IoT in Elevators Market Share by Players (2019-2024)

    Table 17. Global Top IoT in Elevators Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in IoT in Elevators as of 2023)

    Table 18. Ranking of Global Top IoT in Elevators Companies by Revenue (US$ Million) in 2023

    Table 19. Global 5 Largest Players Market Share by IoT in Elevators Revenue (CR5 and HHI) & (2019-2024)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players IoT in Elevators Product Solution and Service

    Table 22. Date of Enter into IoT in Elevators Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global IoT in Elevators Market Size by Type (2019-2024) & (US$ Million)

    Table 25. Global IoT in Elevators Revenue Market Share by Type (2019-2024)

    Table 26. Global IoT in Elevators Forecasted Market Size by Type (2025-2030) & (US$ Million)

    Table 27. Global IoT in Elevators Revenue Market Share by Type (2025-2030)

    Table 28. Global IoT in Elevators Market Size by Application (2019-2024) & (US$ Million)

    Table 29. Global IoT in Elevators Revenue Market Share by Application (2019-2024)

    Table 30. Global IoT in Elevators Forecasted Market Size by Application (2025-2030) & (US$ Million)

    Table 31. Global IoT in Elevators Revenue Market Share by Application (2025-2030)

    Table 32. North America IoT in Elevators Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 33. North America IoT in Elevators Market Size by Country (2019-2024) & (US$ Million)

    Table 34. North America IoT in Elevators Market Size by Country (2025-2030) & (US$ Million)

    Table 35. Europe IoT in Elevators Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 36. Europe IoT in Elevators Market Size by Country (2019-2024) & (US$ Million)

    Table 37. Europe IoT in Elevators Market Size by Country (2025-2030) & (US$ Million)

    Table 38. Asia-Pacific IoT in Elevators Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030

    Table 39. Asia-Pacific IoT in Elevators Market Size by Region (2019-2024) & (US$ Million)

    Table 40. Asia-Pacific IoT in Elevators Market Size by Region (2025-2030) & (US$ Million)

    Table 41. Latin America IoT in Elevators Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 42. Latin America IoT in Elevators Market Size by Country (2019-2024) & (US$ Million)

    Table 43. Latin America IoT in Elevators Market Size by Country (2025-2030) & (US$ Million)

    Table 44. Middle East & Africa IoT in Elevators Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 45. Middle East & Africa IoT in Elevators Market Size by Country (2019-2024) & (US$ Million)

    Table 46. Middle East & Africa IoT in Elevators Market Size by Country (2025-2030) & (US$ Million)

    Table 47. ThyssenKrupp AG Company Detail

    Table 48. ThyssenKrupp AG Business Overview

    Table 49. ThyssenKrupp AG IoT in Elevators Product

    Table 50. ThyssenKrupp AG Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 51. ThyssenKrupp AG Recent Development

    Table 52. KONE Corporation Company Detail

    Table 53. KONE Corporation Business Overview

    Table 54. KONE Corporation IoT in Elevators Product

    Table 55. KONE Corporation Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 56. KONE Corporation Recent Development

    Table 57. Otis Elevator Company Company Detail

    Table 58. Otis Elevator Company Business Overview

    Table 59. Otis Elevator Company IoT in Elevators Product

    Table 60. Otis Elevator Company Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 61. Otis Elevator Company Recent Development

    Table 62. Schindler Group Company Detail

    Table 63. Schindler Group Business Overview

    Table 64. Schindler Group IoT in Elevators Product

    Table 65. Schindler Group Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 66. Schindler Group Recent Development

    Table 67. Mitsubishi Electric Corporation Company Detail

    Table 68. Mitsubishi Electric Corporation Business Overview

    Table 69. Mitsubishi Electric Corporation IoT in Elevators Product

    Table 70. Mitsubishi Electric Corporation Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 71. Mitsubishi Electric Corporation Recent Development

    Table 72. Toshiba Elevator Company Detail

    Table 73. Toshiba Elevator Business Overview

    Table 74. Toshiba Elevator IoT in Elevators Product

    Table 75. Toshiba Elevator Revenue in IoT in Elevators Business (2019-2024) & (US$ Million)

    Table 76. Toshiba Elevator Recent Development

    Table 77. Research Programs/Design for This Report

    Table 78. Key Data Information from Secondary Sources

    Table 79. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global IoT in Elevators Market Size Comparison by Type (2024-2030) & (US$ Million)

    Figure 2. Global IoT in Elevators Market Share by Type: 2023 VS 2030

    Figure 3. Hardware Features

    Figure 4. Software Features

    Figure 5. Services Features

    Figure 6. Global IoT in Elevators Market Size Comparison by Application (2024-2030) & (US$ Million)

    Figure 7. Global IoT in Elevators Market Share by Application: 2023 VS 2030

    Figure 8. Residential Case Studies

    Figure 9. Commercial Case Studies

    Figure 10. Industrial Case Studies

    Figure 11. IoT in Elevators Report Years Considered

    Figure 12. Global IoT in Elevators Market Size (US$ Million), Year-over-Year: 2019-2030

    Figure 13. Global IoT in Elevators Market Size, (US$ Million), 2019 VS 2023 VS 2030

    Figure 14. Global IoT in Elevators Market Share by Region: 2023 VS 2030

    Figure 15. Global IoT in Elevators Market Share by Players in 2023

    Figure 16. Global Top IoT in Elevators Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in IoT in Elevators as of 2023)

    Figure 17. The Top 10 and 5 Players Market Share by IoT in Elevators Revenue in 2023

    Figure 18. North America IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 19. North America IoT in Elevators Market Share by Country (2019-2030)

    Figure 20. United States IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 21. Canada IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 22. Europe IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 23. Europe IoT in Elevators Market Share by Country (2019-2030)

    Figure 24. Germany IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 25. France IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 26. U.K. IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 27. Italy IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 28. Russia IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 29. Nordic Countries IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 30. Asia-Pacific IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 31. Asia-Pacific IoT in Elevators Market Share by Region (2019-2030)

    Figure 32. China IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 33. Japan IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 34. South Korea IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 35. Southeast Asia IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 36. India IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 37. Australia IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 38. Latin America IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 39. Latin America IoT in Elevators Market Share by Country (2019-2030)

    Figure 40. Mexico IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 41. Brazil IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 42. Middle East & Africa IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 43. Middle East & Africa IoT in Elevators Market Share by Country (2019-2030)

    Figure 44. Turkey IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 45. Saudi Arabia IoT in Elevators Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 46. ThyssenKrupp AG Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 47. KONE Corporation Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 48. Otis Elevator Company Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 49. Schindler Group Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 50. Mitsubishi Electric Corporation Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 51. Toshiba Elevator Revenue Growth Rate in IoT in Elevators Business (2019-2024)

    Figure 52. Bottom-up and Top-down Approaches for This Report

    Figure 53. Data Triangulation

    Figure 54. Key Executives Interviewed