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Smart Elevator Market By End-Use (Residential, Commercial, Healthcare & Institutional, Industrial) – Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Summary
Table Of Content

Overview:

The combination of a rising population, an improving standard of living, and rapid urbanization have collectively increased the number of tall buildings and skyscrapers. This has consequently triggered demand for safe and convenient vertical modes of transportation. In view of government mandates, elevator manufacturers are continually focusing on building technologically advanced, energy-efficient, and safe variants. Smart elevators are enabled with state-of-the-art digital security systems and automated traffic management units, which reduce the waiting time of customers and allow faster travel between floors of a high-rise or multi-story building. Thus, the benefits offered by smart elevators in terms of waiting time, elevator traffic control, and security owing to integrated access control features are driving their adoption across residential, commercial, industrial, and institutional end-use segments. On the contrary, high purchase costs and the complexities involved in installation are a few challenges deterring market growth.

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Key Trends Shaping Market Demand:

Revival of the construction industry and rapid growth in urbanization
Improved features are offered, including reduced waiting time, security,
Green infrastructure will provide enormous growth opportunities.
Developments in sensor and security technologies bode well for market growth.

The research study titled “Global Smart Elevator Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” offers strategic insights into the global smart elevator industry along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on service type, end-use application, and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading smart elevator vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Bosch Security Systems, Hitachi Ltd., Honeywell International Inc., Otis Elevator Company, Mitsubishi Electric Corporation, Kone Corporation, Hyundai Elevator Co., Ltd., Johnson Controls Inc., Schneider Electric SA, Schindler Group, Fujitec Co., Ltd., and ThyssenKrupp Elevator. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

The global smart elevator market is classified into the following categories:

By Service Type

- Purchase and Installation
- Upgrade (Modernization)
- Maintenance
By End-use application
- Residential
- Commercial
- Healthcare & Institutional
- Industrial

Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the global smart elevator industry
Comparative analysis for different segments for the years 2016 and 2025
Market fuelers, market impediments, and their impact on market growth
In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
Trailing 2-year market size data (2015–2016)
SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global smart elevator market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

On the basis of end-use, the smart elevator market is categorized into the following segments:

Residential
Commercial
Institutional
Industrial

In the base year 2016, residential and commercial segments represented two prominent end-use segments in the global smart elevator market. The ever-rising population, improving standard of living, rapid urbanization, and consequent increase in the number of tall buildings and skyscrapers, especially in emerging economies like the Asia Pacific, Latin America, and the Middle East, are expected to drive new installations of smart elevators in the residential segment. The revenue in the residential segment of developed economies is expected to be driven by the modernization and maintenance of existing elevators. On the other hand, the commercial segment is expected to witness strong growth over the forecast period of 2017–2025. The commercial segment covers smart elevators used in restaurants, hotels, commercial complexes, business buildings, and schools, among others. The economic development resulting in the growth of commercial real estate is expected to drive demand for smart elevators in the commercial segment.

On the basis of geography, the global smart elevator market is segmented into the following regions and countries:

North America

- U.S.
- rest of North America
Europe
- U.K.
- France
- Germany
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
Rest of the World
- Latin America
- Middle East and Africa

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As of 2016, North America, comprising the United States and Canada, represents the largest smart elevator market, followed by Europe and Asia Pacific, respectively. The region accounted for over 37% of the global smart elevator market’s revenue in the same year. The combination of stringent energy efficiency mandates, growing security concerns, the presence of well-established infrastructure, and relatively greater penetration and acceptance of technology bodes well for market growth in developed economies, including North America and Europe. In addition, the modernization of aging elevators and the rising popularity of vertical transportation systems are expected to further support market demand in these regions. On the other hand, Asia-Pacific is presumed to register maximum growth during the forecast period of 2017–2025. The anticipated growth in the region is expected to be driven by rapid urbanization and an increased government focus on building smart infrastructure.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Smart Elevator Market Snapshot

3. Global Smart Elevator Market Analysis
3.1. Global Smart Elevator Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Smart Elevator Market Revenue, By Service Type , 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. New Purchase & Installation
4.3. Upgrade (Modernization)
4.4. Maintenance

5. Global Smart Elevator Market Revenue, By End-use Application , 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Residential
5.3. Commercial
5.4. Healthcare & Institutional
5.5. Industrial

6. North America Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
6.1. North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.1.1. New Purchase & Installation
6.1.2. Upgrade (Modernization)
6.1.3. Maintenance
6.2. North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
6.2.1. Residential
6.2.2. Commercial
6.2.3. Healthcare & Institutional
6.2.4. Industrial
6.3. North America Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
6.3.1. U.S.
6.3.1.1. U.S. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.3.1.2. U.S. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
6.3.2. Rest of North America
6.3.2.1. Rest of North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.3.2.2. Rest of North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

7. Europe Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.1.1. New Purchase & Installation
7.1.2. Upgrade (Modernization)
7.1.3. Maintenance
7.2. Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.2.1. Residential
7.2.2. Commercial
7.2.3. Healthcare & Institutional
7.2.4. Industrial
7.3. Europe Smart Elevator Market Revenue, By Region, 2015 – 2025 (US$ Mn)
7.3.1. U.K.
7.3.1.1. U.K. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.1.2. U.K. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.2. Germany
7.3.2.1. Germany Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.2.2. Germany Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.3. France
7.3.3.1. France Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.3.2. France Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.4.2. Rest of Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

8. Asia Pacific Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.1.1. New Purchase & Installation
8.1.2. Upgrade (Modernization)
8.1.3. Maintenance
8.2. Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.2.1. Residential
8.2.2. Commercial
8.2.3. Healthcare & Institutional
8.2.4. Industrial
8.3. Asia Pacific Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.3.1. Japan
8.3.1.1. Japan Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.1.2. Japan Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.2. China
8.3.2.1. China Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.2.2. China Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.3. India
8.3.3.1. India Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.3.2. India Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.4.2. Rest of Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

9. Rest of World Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
9.1. Rest of World Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.1.1. New Purchase & Installation
9.1.2. Upgrade (Modernization)
9.1.3. Maintenance
9.2. Rest of World Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
9.2.1. Residential
9.2.2. Commercial
9.2.3. Healthcare & Institutional
9.2.4. Industrial
9.3. Rest of World Smart Elevator Market Revenue, By Region, 2015 – 2025 (US$ Mn)
9.3.1. Latin America
9.3.1.1. Latin America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.3.1.2. Latin America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.3.2.2. Middle-East and Africa Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

10. Company Profiles
10.1. Hitachi Ltd.
10.2. Bosch Security Systems
10.3. Otis Elevator Company
10.4. , Honeywell International Inc.
10.5. Mitsubishi Electric Corporation
10.6. Kone Corporation
10.7. Hyundai Elevator Co. Ltd.
10.8. Johnson Controls Inc.
10.9. Schneider Electric SA
10.10. Schindler Group
10.11. Fujitec Co., Ltd.
10.12. ThyssenKrupp Elevator

List of Figures

FIG. 1 Global Smart Elevator: Market Segmentation
FIG. 2 Global Smart Elevator Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Smart Elevator Market, By Service Type, 2015 (US$ Mn)
FIG. 5 Global Smart Elevator Market, By End-use Application, 2015 (US$ Mn)
FIG. 6 Global Smart Elevator Market, By Geography, 2015 (US$ Mn)
FIG. 7 Global Smart Elevator Market Revenue and Growth, 2015 – 2025, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Smart Elevator Market
FIG. 9 Market Positioning of Key Industry Participants, 2015
FIG. 10 Global Smart Elevator Market Revenue Contribution, By Service Type, 2016 & 2025 (Value %)
FIG. 11 Global Smart Elevator Market Revenue and Growth for New Purchase & Installation, 2015 – 2025, (US$ Mn)
FIG. 12 Global Smart Elevator Market Revenue and Growth for Upgrade (Modernization), 2015 – 2025, (US$ Mn)
FIG. 13 Global Smart Elevator Market Revenue and Growth for Maintenance, 2015 – 2025, (US$ Mn)
FIG. 14 Global Smart Elevator Market Revenue Contribution, By End-use Application, 2015 & 2025 (Value %)
FIG. 15 Global Smart Elevator Market Revenue and Growth for Residential Applications, 2015 – 2025, (US$ Mn)
FIG. 16 Global Smart Elevator Market Revenue and Growth for Commercial Applications, 2015 – 2025, (US$ Mn)
FIG. 17 Global Smart Elevator Market Revenue and Growth for Healthcare & Institutional Applications, 2015 – 2025, (US$ Mn)
FIG. 18 Global Smart Elevator Market Revenue and Growth for Industrial Applications, 2015 – 2025, (US$ Mn)
FIG. 19 North America Smart Elevator Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 20 Europe Smart Elevator Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 21 Asia Pacific Smart Elevator Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 22 RoW Smart Elevator Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Smart Elevator Market
TABLE 2 Evolution of Smart Elevator
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 6 North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 7 North America Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
TABLE 8 U.S. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 9 U.S. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 10 Rest of North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 11 Rest of North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 12 Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 13 Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 14 Europe Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
TABLE 15 U.K. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 16 U.K. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 17 France Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 18 France Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 19 Germany Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 20 Germany Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE21 Rest of Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 22 Rest of Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 23 Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 24 Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 24 Asia Pacific Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
TABLE 25 China Smart Elevator Market Revenue, By Service Type, 2015- 2025 (US$ Mn)
TABLE 26 China Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 27 Japan Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 28 Japan Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 29 India Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 30 India Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 31 Rest of Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 32 Rest of Asia Pacifc Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 33 Rest of World Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 34 Rest of World Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 35 Rest of World Smart Elevator Market Revenue, By Region, 2015 – 2025 (US$ Mn)
TABLE 36 Latin America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 37 Latin America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
TABLE 38 Middle-East and Africa Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
TABLE 39 Middle-East Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

Frequently Asked Questions:

What is the size of Smart Elevator Market?

The market for Smart Elevator is expected to reach XX Bn in 2025.

What is the Smart Elevator Market CAGR?

The Smart Elevator market is expected to see significant CAGR growth over the coming years,at 12.7%.

What is the Forecast period considered for Smart Elevator Market?

The report is forecasted from 2017-2025.

What is the base year considered for Smart Elevator Market?

The base year of this report is 2016.

Who are the major players in this Market?

Hitachi Ltd., Bosch Security Systems, Otis Elevator Company, Honeywell International Inc., Mitsubishi Electric Corporation are some of the major players in the global market.

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