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

Description

List of Tables

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

By Setup

Modernization
Maintenance
New Deployments

By Carriage

Passenger
Freight

By Application

Residential
Commercial
Industrial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

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
Schindler Group

Product Code: A00157

CHAPTER 1: INTRODUCTION

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

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

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

CHAPTER 4: SMART ELEVATORS MARKET, BY SETUP

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

CHAPTER 5: SMART ELEVATORS MARKET, BY CARRIAGE

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

CHAPTER 6: SMART ELEVATORS MARKET, BY APPLICATION

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

CHAPTER 7: SMART ELEVATORS MARKET, BY REGION

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

CHAPTER 8: COMPETITIVE LANDSCAPE

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

CHAPTER 9: COMPANY PROFILES

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 performance